Golf-View Duplex with Private
For Sale
$650,000
8685 CEDAR HAMMOCK Blvd, Naples, FL 34112
Residential, 1 Story/Ranch, Duplex, NAPLES, FL
Property Size1,705 SF
Price / SF$381.23
Days on Market18
Property Features for 8685 CEDAR HAMMOCK Blvd
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Laundry Room, Bathroom 1, Den, Bedroom 1, Bathroom 2
Parking
2
Parking features
Assigned, Guest, Covered, Driveway
Spa
1
Patio and Porch features
Porch
Pets allowed
Yes
Pool private
1
Interior features
Fire Sprinkler, Pantry, Smoke Detectors, Walk-In Closet(s)
Exterior features
Screened Lanai/Porch
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator/Freezer, Washer
Subdivision
VERANDA
Lot features
Golf Course, Irregular Lot, Oversize, Golf Course, Irregular Lot, Oversize
View
Golf Course, Lake
Standard status
Active
APN
25895001723
Size
1,705 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CEDAR HAMMOCK LT 35 NKA VILLAS I AT CEDAR HAMMOCK (HO) LOT 35
Tax Annual Amount
7042
HOA Fee
$15,264 Annually
Legal Description
CEDAR HAMMOCK LT 35 NKA VILLAS I AT CEDAR HAMMOCK (HO) LOT 35
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Ceiling Fan(s), Central Air
Amenities
private pool
spa
2-car garage
covered lanai
motorized shutter
paver driveway
Building Details
Year built
2001
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet
Building materials
Concrete Block, Stucco
Roof type
Tile
Architectural style
Ranch
Listing Agency:
Premiere Plus Realty Company
(239) 732-7837
Listed By:
Suzanne Tjaden
(954) 817-8832
Added: Aug 10
Changed: Aug 27
Last Checked: Aug 27 at 4:06PM
MLS# 226030097
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 one-story duplex in Naples offers 1,705 square feet with two bedrooms, a den, two bathrooms, and an open split-bedroom arrangement. Interior details include crown molding, white kitchen cabinetry, tile and carpet flooring, a pantry, walk-in closet, and dedicated laundry room. The property also includes a screened lanai, private pool and spa, motorized lanai shutter, and a two-car garage. The tile roof was replaced in 2020, and a new paver driveway was installed in 2026.
Situated at 8685 Cedar Hammock Blvd, the residence overlooks the 10th hole and a lake within Cedar Hammock Golf & Country Club. The clubhouse and community amenities are within walking distance, while downtown Naples, Fifth Avenue South, Gulf beaches, shopping, and dining are nearby. The amenities project assessment has been paid in full.
Situated at 8685 Cedar Hammock Blvd, the residence overlooks the 10th hole and a lake within Cedar Hammock Golf & Country Club. The clubhouse and community amenities are within walking distance, while downtown Naples, Fifth Avenue South, Gulf beaches, shopping, and dining are nearby. The amenities project assessment has been paid in full.
Key Highlights
- 1,705‑square‑foot duplex with 2 bedrooms, a den, and 2 bathrooms
- Private pool and spa with screened lanai and motorized storm‑protection shutter
- Views of the golf course and lake from the 10th hole
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
$25,187
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
3.87%
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%
$503,740
$503.7K
Cap Rate 7%
$359,814
$359.8K
Cap Rate 9%
$279,856
$279.9K
Market Conditions
NOI Build-Up for 1,705 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
$37.9K $22.20/SF
− Vacancy
−$1.9K −$1.10/SF
EGI
$36.0K $21.10/SF
− OpEx
−$10.8K −$6.33/SF
NOI
$25.2K $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%
$503,740
Cap Rate 7%
$359,814
Cap Rate 9%
$279,856
Alternative Uses
Best Use
Multifamily LT 5
$359.8K
$314.8K – $419.8K
NOI $25,187 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$330.7K
$289.4K – $385.8K
NOI $23,149 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$684.3K
$598.8K – $798.4K
NOI $47,901 @ 7.0% cap · market cap 7.37%
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
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 34112, FL
26,625
Population
20,626
Households
1.3
Avg Household Size
60
Median Age
35%
College-Educated
91%
High-School Grad
14.8 sq mi
ZIP Area
1,799
Density / Sq Mi
$68,838
Median Household Income
$34,300
Median Earnings
$1,529
Median Rent
$293,000
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 - One-story residence with a den, two baths, screened lanai, and covered parking.
Where is this duplex located?
The property is located at 8685 CEDAR HAMMOCK Blvd Naples, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,705‑square‑foot duplex with 2 bedrooms, a den, and 2 bathrooms; Private pool and spa with screened lanai and motorized storm‑protection shutter; Views of the golf course and lake from the 10th hole
