Description
One or more photo(s) has been virtually staged, AI generated or rendered. MULTIFAMILY DEVELOPMENT OPPORTUNITY | RMF-6 ZONING | 1.73 ACRES 5202 Cypress Lane, Naples, FL Strategic opportunity to acquire or partner in a multifamily development project within one of Naples' strongest growth corridors. Zoned RMF-6, this 1.73 -acre site supports low-density multifamily development, with a planned concept for five modern, two-story residential buildings. The project is conceptually designed, featuring contemporary architecture with clean lines, flat roof profiles, expansive windows, and integrated garage elements, aligning with current rental and resale demand. Preliminary design work is complete, allowing a developer or investor to enter the project with forward momentum. Investment Structure Flexibility: * Joint venture opportunity - current partners are open to aligning with a capital partner to advance the project. * Acquire and develop independently, utilizing the existing concept and groundwork. * Reposition or redesign to maximize density, layout, or end-use strategy. This presents an opportunity to enter at the early stage of a planned development, where strategic capital and execution can unlock significant value through construction, lease-up, or resale. The existing groundwork offers accelerated timelines and reduced upfront planning risk. Location Advantages: Well-positioned within Naples, offering proximity to: * Downtown Naples (5th Avenue South & 3rd Street South) * Gulf beaches and lifestyle amenities * Major roadways supporting commuter and tenant accessibility * Expanding residential areas are driving sustained housing demand Strong market fundamentals support multifamily absorption, rental growth, and long-term appreciation, making this a compelling opportunity for developers, builders, and investment groups seeking scalable returns in a supply-constrained market.
Details
| MLS # | 226017782 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 101 |
| Listing Provided By | Waterfront Realty Group Inc | Devin Henderson |
Features
| Zoning | RMF-6 |
|---|---|
| Acreage | 1.73 |
| Water Front | Yes |
| Property View | Yes |
Interior
| Fireplace Yes / No | No |
|---|
Exterior
| Lot Features | Cul-De-Sac, Oversize |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
Utilities
| Utilities | Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
|---|
Taxes
| Tax Annual Amount | 5565.68 |
|---|---|
| Tax Block | C |
| Tax Legal Description | MYRTLE COVE ACRES BLK C LOT 1 OR 1500 PG 952 |
| Tax Year | 2025 |
Area Information
| State | FL |
|---|---|
| County | Collier |
| City | NAPLES |
| Zip Code | 34113 |
| Area | MYRTLE COVE ACRES |
| Community Name | MYRTLE COVE ACRES |
| Listing VS Median (in MYRTLE COVE ACRES) | |
Price: $1,300,000 low | high Med: $599,900 On site: 101 low | high Med: 140 | |
Market Activity 34113
Request a showing
Request a showing
Contact
Learn More About This Property
| State | FL |
|---|---|
| County | Collier |
| City | NAPLES |
| Zip Code | 34113 |
| Area | MYRTLE COVE ACRES |
| Community Name | MYRTLE COVE ACRES |
| Listing VS Median (in MYRTLE COVE ACRES) | |
Price: $1,300,000 low | high Med: $599,900 On site: 101 low | high Med: 140 | |
 | $1,450,0009352 Vercelli CtNaples, FL 34113 |
