Updated Residential Income
For Sale
$339,000
851 Palm View Dr, Naples, FL 34110
Residential, 1 Story/Ranch, Duplex, NAPLES, FL
Property Size1,360 SF
Price / SF$249.26
Days on Market12
Property Features for 851 Palm View Dr
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 2, Den, Bathroom 1, Bathroom 2, Bedroom 1
Parking
2
Parking features
Assigned, Carport
Patio and Porch features
Patio
Interior features
Fireplace, Smoke Detectors, Vaulted Ceiling(s)
Fireplace
1
Appliances
Electric Cooktop, Dishwasher, Disposal, Dryer, Washer
Subdivision
SPLINTERWOOD
Lot features
Zero Lot Line, Zero Lot Line
View
Lake
Elementary school
VETERANS MEMORIAL ELEMENTARY
Middle school
NORTH NAPLES MIDDLE
High school
GULF COAST HIGH
Standard status
Active
APN
74811160000
Size
1,360 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
SPLINTERWOOD A CONDOMINIUM UNIT 29
Tax Annual Amount
3286
HOA Fee
$7,424 Annually
Legal Description
SPLINTERWOOD A CONDOMINIUM UNIT 29
Utilities
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Central Air, Electric
Water front features
Lake
Water front
1
Amenities
in-residence laundry
fireplace
extended rear lanai
Building Details
Year built
1978
Floors in Building
1
Number of units
2
Flooring type
Tile, Vinyl
Building materials
Concrete Block, Stucco, Wood Siding
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Keller Williams Realty Naples
(239) 449-1000
Listed By:
Bill Archer
(239) 777-1730
Added: Sep 28
Changed: Oct 8
Last Checked: Oct 9 at 3:06AM
MLS# 226034449
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 1,360-square-foot, first-floor residence has two bedrooms, two bathrooms, and an open great-room plan. The kitchen has white cabinetry, quartz counters, and stainless steel appliances; both bathrooms have been remodeled. Beamed ceilings, a fireplace, in-residence laundry, and an extended rear lanai are among the interior and outdoor features. The home was built in 1978 and has assigned parking for two vehicles.
The Splinterwood community is in the Palm River area of North Naples, with the Palm River behind the community. Naples beaches, Mercato, retail, dining, medical facilities, and I-75 are identified as nearby destinations.
The Splinterwood community is in the Palm River area of North Naples, with the Palm River behind the community. Naples beaches, Mercato, retail, dining, medical facilities, and I-75 are identified as nearby destinations.
Key Highlights
- 1,360 square feet with 2 bedrooms and 2 bathrooms
- Updated kitchen with quartz countertops and stainless steel appliances
- Remodeled bathrooms, beamed ceilings, and a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,465
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,300
$369.3K
Cap Rate 7%
$263,786
$263.8K
Cap Rate 9%
$205,167
$205.2K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$35.4K $26.04/SF
− Vacancy
−$1.8K −$1.35/SF
EGI
$33.6K $24.69/SF
− OpEx
−$15.1K −$11.11/SF
NOI
$18.5K $13.58/SF
Area
Collier County, FL
Vacancy
5.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,300
Cap Rate 7%
$263,786
Cap Rate 9%
$205,167
Alternative Uses
Best Use
Apartment 5plus
$263.8K
$230.8K – $307.8K
NOI $18,465 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$545.8K
$477.6K – $636.8K
NOI $38,208 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
848
Businesses Nearby
Explore this area
Business Placement
Demographics for 34110, FL
24,093
Population
18,394
Households
1.3
Avg Household Size
63
Median Age
52%
College-Educated
96%
High-School Grad
16.0 sq mi
ZIP Area
1,506
Density / Sq Mi
$95,275
Median Household Income
$58,470
Median Earnings
$2,068
Median Rent
$529,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor residence with a two-bedroom, two-bath layout and an open great room.
Where is this residential income property located?
The property is located at 851 Palm View Dr Naples, FL.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 1,360 square feet with 2 bedrooms and 2 bathrooms; Updated kitchen with quartz countertops and stainless steel appliances; Remodeled bathrooms, beamed ceilings, and a fireplace
