Lakefront Duplex with Extended
For Sale
$479,000
Pending
3006 Futuna Ln, Naples, FL 34119
Residential, 1 Story/Ranch, Duplex, End-Unit, NAPLES, FL
Property Size1,540 SF
Lot Size0.12 Acres
Days on Market78
Property Features for 3006 Futuna Ln
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Den, Bedroom 2, Laundry Room
Parking
2
Parking features
Covered, Driveway
Window features
Window Coverings
Patio and Porch features
Porch, Patio
Pets allowed
Yes
Interior features
Built-In Cabinets, Cathedral Ceiling(s), Closet Cabinets, Laundry Tub, Pull Down Stairs, Vaulted Ceiling(s), Walk-In Closet(s), Window Coverings
Exterior features
Screened Lanai/Porch
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
ISLAND WALK
Lot features
Regular, Regular
View
Lake
Standard status
Pending
APN
52752011803
Size
1,540 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ISLANDWALK PHASE SEVEN LOT 1446
Tax Annual Amount
4388
HOA Fee
$6,288 Annually
Legal Description
ISLANDWALK PHASE SEVEN LOT 1446
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric, Ceiling Fan(s)
Water front features
Lake
Water front
1
Amenities
pool
fitness center
tennis
pickleball
bocce
restaurant
post office
gas station
car wash
salon
Building Details
Year built
2002
Floors in Building
1
Number of units
2
Flooring type
Tile, Vinyl
Building materials
Concrete Block, Poured Concrete, Stucco
Roof type
Tile
Architectural style
Ranch
Listing Agency:
Premiere Plus Realty Company
(239) 732-7837
Listed By:
Cheryl Chadwick
(239) 398-0033
Added: Jun 18
Changed: Sep 2
Last Checked: Sep 3 at 6:06PM
MLS# 226023489
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,540-square-foot, 2-bedroom-plus-den duplex residence was built in 2002 with a ranch layout and two bathrooms. The interior combines tile and vinyl flooring, vaulted and cathedral ceilings, built-in cabinetry, walk-in closet space, and a kitchen finished with granite countertops. Included appliances are a range, refrigerator, microwave, dishwasher, disposal, washer, and dryer. Central electric heating and cooling serve the home, with additional ceiling fans.
Outdoor living centers on an expanded screened lanai and patio completed in 2022, overlooking the lake and supported by landscape lighting. The property also includes a covered driveway, tile roofing, and a new roof installed in 2021. A new hot water heater was added in 2024, and the property is designated X Flood Zone.
Island Walk amenities include lap and resort-style pools, fitness facilities, tennis, pickleball, bocce, a restaurant, post office, gas station, car wash, and salons. Pedestrian paths and bridges connect the residence to the community town center.
Outdoor living centers on an expanded screened lanai and patio completed in 2022, overlooking the lake and supported by landscape lighting. The property also includes a covered driveway, tile roofing, and a new roof installed in 2021. A new hot water heater was added in 2024, and the property is designated X Flood Zone.
Island Walk amenities include lap and resort-style pools, fitness facilities, tennis, pickleball, bocce, a restaurant, post office, gas station, car wash, and salons. Pedestrian paths and bridges connect the residence to the community town center.
Key Highlights
- 1,540 square feet with 2 bedrooms, a den, and 2 bathrooms
- Expanded screened lanai and patio completed in 2022
- Lake waterfront setting with landscape lighting
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,749
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,980
$455.0K
Cap Rate 7%
$324,986
$325.0K
Cap Rate 9%
$252,767
$252.8K
Market Conditions
NOI Build-Up for 1,540 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.2K $22.20/SF
− Vacancy
−$1.7K −$1.10/SF
EGI
$32.5K $21.10/SF
− OpEx
−$9.7K −$6.33/SF
NOI
$22.7K $14.77/SF
Area
Collier County, FL
Vacancy
4.94%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,980
Cap Rate 7%
$324,986
Cap Rate 9%
$252,767
Alternative Uses
Best Use
Multifamily LT 5
$325.0K
$284.4K – $379.2K
NOI $22,749 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$298.7K
$261.4K – $348.5K
NOI $20,909 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$618.1K
$540.8K – $721.1K
NOI $43,265 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 34119, FL
34,933
Population
18,251
Households
1.9
Avg Household Size
53
Median Age
51%
College-Educated
96%
High-School Grad
22.5 sq mi
ZIP Area
1,553
Density / Sq Mi
$109,260
Median Household Income
$53,031
Median Earnings
$1,998
Median Rent
$665,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Ranch-style duplex residence with two bedrooms, a den, and an open kitchen connected to the main living area.
Where is this duplex located?
The property is located at 3006 Futuna Ln Naples, FL.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 1,540 square feet with 2 bedrooms, a den, and 2 bathrooms; Expanded screened lanai and patio completed in 2022; Lake waterfront setting with landscape lighting
