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This lakefront Naples property presents a rare value-add investment opportunity with fundamentals that are increasingly difficult to replicate. The main residence offers a highly desirable layout that buyers consistently praise for flow, livability, and indoor-outdoor connection. The opportunity lies not in reconfiguration, but in cosmetic modernization.
In addition to the primary home, the property includes a separate garage structure with two independent rental living spaces, creating multiple income streams under one ownership. This feature alone sets the property apart from nearby comparables and significantly enhances long-term return potential.
Positioned directly on the lake, the home offers a premium location advantage over neighboring properties that lack waterfront exposure.
With an estimated $150,000 cosmetic renovation, this property can be re-positioned to compete at — or above — the current neighborhood ceiling while offering stronger income fundamentals. Renovation scope is straightforward and high-impact, with no structural changes and roof replaced last year.
Ideal for investors, renovators, or buyers seeking a below-market entry into lakefront Naples with built-in income potential.
Location & Lifestyle
Set in a quiet neighborhood, this estate is ideally located:
– 3 miles to the beach
– Minutes to Mercato dining and shopping
– Sidewalk access to Veterans Community Park with tennis, fields, and playgrounds
– Zoned to a top-rated (9/10) public school district
This property has never experienced flooding or storm damage, offering rare peace of mind. The large .77-acre lot ensures privacy and space, with no zero lot lines—just serene lakefront living.
Property Details
Price: $1,800,000
Sq Ft: 5,404
($333 per sqft)
Bedrooms: 5
Bathrooms: 5
City: Naples
County: Collier
Type: Single Family
Development: Southwinds Estates
Acres: 0.77
Year Built: 1999
Listing Number: 224054965
Status Code: A-Active
Taxes: $12,765.30
Tax Year: 2024
Garage:
2
/
Attached
Furnishings: Negotiable
Pets Allowed: Yes
Interior Features:
Built-In Cabinets
Coffered Ceiling(s)
Foyer
French Doors
Laundry Tub
Pantry
Smoke Detectors
Tray Ceiling(s)
Volume Ceiling
Walk-In Closet(s)
Window Coverings
Amenities:
None
Financial Information:
Taxes: $12,765.30
Tax Year: 2024
Exterior Features:
Balcony
Open Porch/Lanai
Screened Lanai/Porch
Equipment:
Auto Garage Door
Cooktop - Electric
Dishwasher
Disposal
Dryer
Grill - Gas
Microwave
Range
Refrigerator/Freezer
Security System
Self Cleaning Oven
Smoke Detector
Wall Oven
Washer
View:
Lake
Waterfront Description:
Lake
Additional Information:
Building Design: Single Family
Community Type: Non-Gated
MLS Area: Na12 - N/O Vanderbilt Bch Rd W/O
Price per Square Feet: $333.09
Total Floors: 2
Water: Central
Construction: Concrete Block, Stucco
Foreclosure: No
Short Sale: No
Date Listed: 2024-06-27 00:00:00
Pool: Yes
Pool Type: Pool/Spa Combo, Below Ground, Concrete, Equipment Stays, Electric Heat, Poo
Pool Description: Pool/Spa Combo, Below Ground, Concrete, Equipment Stays, Electric Heat, Pool Bath, Screen Enclosure
Private Spa: Yes
Furnished: Negotiable
Kitchen Description: Island, Pantry
Windows: Window Coverings
Parking: Circular Driveway, Driveway Paved, Guest, Attached
Garage Description: Attached
Garage Spaces: 2
Flooring: Carpet, Tile
Roof: Shingle
Heating: Central Electric
Cooling: Ceiling Fan(S), Central Electric
Fireplace: No
Storm Protection: Impact Resistant Windows, None
Security: Security System, Smoke Detector(S)
Laundry: Laundry In Residence, Lau
Irrigation: Lake/Canal
55+ Community: No
Pets: Yes
Restrictions: None
Maintenance: None
Rear Exposure: W
Lot Desc.: Oversize
Amenities: None
Map of 10919 Parnu St, Naples, FL 34109
Listing Courtesy Of: All In One Realty Group
weber.kerry@yahoo.com