Updated Duplex
For Sale
$469,000
5601 Eleuthera Way, Naples, FL 34119
Residential, Duplex, NAPLES, FL
Property Size1,540 SF
Price / SF$304.55
Days on Market50
Property Features for 5601 Eleuthera Way
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Den, Laundry Room
Parking
2
Security features
Security System
Patio and Porch features
Porch
Interior features
Foyer, Laundry Tub, Pull Down Stairs, Smoke Detectors, Vaulted Ceiling(s)
Exterior features
Tiki Hut, Screened Lanai/Porch
Appliances
Electric Cooktop, Dishwasher, Disposal, Dryer, Freezer, Microwave, Refrigerator/Freezer, Self Cleaning Oven, Washer
Subdivision
ISLAND WALK
Lot features
Corner Lot, Corner Lot
Elementary school
VINEYARDS
Middle school
OAKRIDGE
High school
BARRON COLLIER
Standard status
Active
APN
52250004969
Size
1,540 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
ISLANDWALK PHASE ONE LOT 174
Tax Annual Amount
1951
HOA Fee
$6,288 Annually
Legal Description
ISLANDWALK PHASE ONE LOT 174
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air, Ceiling Fan(s), Exhaust Fan (Cooling)
Amenities
screened lanai
miles of lakes
bike/jog/walking paths
pickle ball
tennis
bocce
resort & lap pool
putting green
fitness center
restaurant
beauty parlor
nail salon
post office
gas station
car wash
Building Details
Year built
1999
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet
Building materials
Poured Concrete, Stucco
Roof type
Tile
Architectural style
Other
Additional Structures
Cabana
Listing Agency:
DomainRealty.com LLC
(239) 301-4301
Listed By:
Bill Pembleton
(239) 248-5899
Added: Sep 5
Changed: Oct 19
Last Checked: Oct 24 at 4:06PM
MLS# 226032256
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.
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Investment Insights
Based on property information with market context.
This 1,540-square-foot duplex property was built in 1999 with steel-reinforced poured-concrete and stucco construction. Recent updates include a new roof and newer water heater, while the interior offers hardwood floors, granite countertops, stainless appliances, plantation shutters, vaulted ceilings, and a screened lanai. The residence also includes a den, laundry room, tile and carpet flooring, central cooling, and electric heating.
Set on a corner lot with landscaped grounds and lake views, the property is located within a professionally managed community with extensive recreational and convenience amenities. Residents have access to lakes, walking and biking paths, pickleball, tennis, bocce, resort and lap pools, a putting green, fitness center, restaurant, beauty services, post office, gas station, and car wash. Naples shopping and dining, as well as Gulf beaches, are nearby.
Set on a corner lot with landscaped grounds and lake views, the property is located within a professionally managed community with extensive recreational and convenience amenities. Residents have access to lakes, walking and biking paths, pickleball, tennis, bocce, resort and lap pools, a putting green, fitness center, restaurant, beauty services, post office, gas station, and car wash. Naples shopping and dining, as well as Gulf beaches, are nearby.
Key Highlights
- 1,540 square feet with 2 bedrooms, 2 bathrooms, and a den
- New roof and newer water heater
- Steel‑reinforced poured‑concrete and stucco construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,749
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
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
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 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 4.85%
Second Best
Apartment 5plus
$298.7K
$261.4K – $348.5K
NOI $20,909 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$618.1K
$540.8K – $721.1K
NOI $43,265 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Concrete construction with a new roof, screened outdoor living, and extensive community amenities in Naples.
Where is this duplex located?
The property is located at 5601 Eleuthera Way Naples, FL.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: 1,540 square feet with 2 bedrooms, 2 bathrooms, and a den; New roof and newer water heater; Steel‑reinforced poured‑concrete and stucco construction
