Residential Income Property with Lake
For Sale
$549,000
8951 Cherry Oaks Trl, Naples, FL 34114
Residential, 1 Story/Ranch, Duplex, NAPLES, FL
Property Size2,408 SF
Price / SF$227.99
Days on Market12
Property Features for 8951 Cherry Oaks Trl
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Family Room, Laundry Room, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Den
Parking
2
Window features
Window Coverings
Patio and Porch features
Porch, Patio
Interior features
Disability Equipped, Fireplace, Laundry Tub, Pantry, Smoke Detectors, Walk-In Closet(s), Window Coverings
Exterior features
Screened Lanai/Porch
Fireplace
1
Appliances
Gas Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Microwave, Refrigerator/Freezer, Refrigerator/Icemaker, Tankless Water Heater, Washer
Subdivision
CHERRY OAKS
Lot features
Golf Course, Regular, Golf Course, Regular
View
Lake, Golf Course
Standard status
Active
APN
26055011785
Size
2,408 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CHERRY OAKS AT FIDDLER'S CREEK A CONDOMINIUM BLDG 23-101
Tax Annual Amount
7282
HOA Fee
$13,704 Annually
Legal Description
CHERRY OAKS AT FIDDLER'S CREEK A CONDOMINIUM BLDG 23-101
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric, Heat Pump, Ceiling Fan(s)
Amenities
screened lanai
resort-style pool
fitness center
tennis courts
pickleball courts
hot tub
sauna
steam room
Building Details
Year built
2005
Floors in Building
1
Number of units
4
Flooring type
Vinyl, Tile
Building materials
Concrete Block, Stucco
Roof type
Tile
Architectural style
Ranch
Listing Agency:
Premiere Plus Realty Co.
(239) 732-7837
Listed By:
Jeff Taylor Taylor
(740) 357-4224
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 30 at 12:06PM
MLS# 226038364
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.
Set on the first floor, this 2,408-square-foot residence has three bedrooms plus a den, two full bathrooms, and an attached two-car garage. The open living area connects to a screened lanai, with western exposure across the lake toward the golf course. Interior details include plantation shutters, crown molding, a kitchen with granite counters and a gas cooktop, and a primary suite with two walk-in closets. The home was built in 2005, and updates include impact windows, replacement HVAC, a tankless water heater, and 2025 lanai tile.
Fiddler’s Creek community amenities include a resort-style pool, Gator Grille, 10 pickleball courts, a fitness center, six Har-Tru tennis courts, a hot tub, sauna, and steam room. Optional membership provides access to the championship golf course, golf clubhouse, marina, and private beach club.
Fiddler’s Creek community amenities include a resort-style pool, Gator Grille, 10 pickleball courts, a fitness center, six Har-Tru tennis courts, a hot tub, sauna, and steam room. Optional membership provides access to the championship golf course, golf clubhouse, marina, and private beach club.
Key Highlights
- 2,408‑square‑foot first‑floor residence with three bedrooms plus a den
- Western exposure across a lake toward the golf course from the screened lanai
- Two full bathrooms and an attached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,694
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,880
$653.9K
Cap Rate 7%
$467,057
$467.1K
Cap Rate 9%
$363,267
$363.3K
Market Conditions
NOI Build-Up for 2,408 SF
Gross rent
$62.7K $26.04/SF
− Vacancy
−$3.3K −$1.35/SF
EGI
$59.4K $24.69/SF
− OpEx
−$26.7K −$11.11/SF
NOI
$32.7K $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%
$653,880
Cap Rate 7%
$467,057
Cap Rate 9%
$363,267
Alternative Uses
Best Use
Apartment 5plus
$467.1K
$408.7K – $544.9K
NOI $32,694 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$966.4K
$845.6K – $1.13M
NOI $67,651 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
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Business Placement
Demographics for 34114, FL
21,343
Population
16,381
Households
1.3
Avg Household Size
62
Median Age
41%
College-Educated
90%
High-School Grad
176.6 sq mi
ZIP Area
121
Density / Sq Mi
$81,314
Median Household Income
$38,467
Median Earnings
$1,993
Median Rent
$469,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A first-floor home combines a three-bedroom-plus-den layout with a screened lanai facing the lake and golf course.
Where is this residential income property located?
The property is located at 8951 Cherry Oaks Trl Naples, FL.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 2,408‑square‑foot first‑floor residence with three bedrooms plus a den; Western exposure across a lake toward the golf course from the screened lanai; Two full bathrooms and an attached two‑car garage
