657 109th Ave N · Naples Park, FL 34108

$640,900

3 bd · 2.0 ba · 1,624 sqft · SingleFamily public records · 12 Days on market

Built 1997 6,534 sqft lot

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +19.9/30.0
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• Schools +5.0/10.0
• 1% rule +4.7/10.0
• Rent growth +4.7/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

H. 8462 - Fabulous Naples Park location, an easy bike ride to Delnor Wiggins State Park beach, Vanderbilt Beach, or shopping/dining/movies at Mercato, Waterside Shoppes, Ritz Carlton or Vanderbilt Pavilion! No community fees whatsoever! This RECENTLY UPDATED spacious 3/2 home with 2-CAR ATTACHED GARAGE was built in 1997, and you'll love the very contemporary and functional great room true 3 BR floorplan. Updates completed meticulously since 2011 by the current homeowners include accordion storm shutters on all windows and lanai and other wind mitigation improvements like new garage doors, new stainless kitchen appliances and granite countertops/tumbled marble backsplash, carpet replaced with tile so NO carpet in the home, new water heater, new interior paint throughout, bathroom and laundry/utility room updates, an alarm system installed, new window treatments and furnishings, new automatic sprinkler system and new landscaping, and on and on! This home is immaculately clean, bright, updated and has a very private yard, and pride of ownership is obvious! Don't miss this opportunity to move right in and conveniently enjoy all that Naples has to offer, at a reasonable cost!

Key facts

• Screened lanai
• Tile flooring
• Vanderbilt beach

Tags

• SPACIOUS FAMILY ROOM
• DINING AREA COMBINATION
• TILE FLOORING
• SCREENED LANAI
• VANDERBILT BEACH
• SHOPPING DINING ENTERTAINMENT

Property features AI

Finance

• Financial info: Pets allowed
• HOA & community: Non-gated community; No association fee

Exterior

• Parking: Attached 2-car garage; Driveway parking; Paved parking
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Cable available
• Home design: Single-story home; Resale property; Faces south
• Construction: Block, concrete and stucco construction; Shingle roof; Built with a standard foundation
• Exterior features: Lanai / screened porch; Patio; Porch; Patio (unspecified); Rectangular lot; North exposure; Municipal irrigation

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator; Pantry storage
• Bedrooms: Primary bedroom on the main level
• Flooring: Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Main level primary bedroom; Bedroom on main level; Family/Dining room; Living/Dining room; Pantry; Walk-in pantry; Shower only (separate shower); Single-hung windows
• Laundry & utility: Washer and dryer included; Indoor laundry with laundry tub

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $641k.

Deal economics

• At list price, monthly cash flow is $769 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $620k (3.3% below list).
• Recommended offer: $620k (3.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 64/100 on livability (#696 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A-, employment B+; Watch: health & safety D, schools F, amenities F.
• Collier (suburban): math 60% / reading 56% proficiency, ranked #16 of 73 in FL (top 22%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+8.7%/yr); 679 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 3,520 units permitted in Collier County in 2024 (959 in 5+ unit buildings).
• At $6,200/mo this rent would consume 62% of the median local household income ($119k/yr) (locally 237% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $19k of value loss. Plan a longer hold.
• Collier County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $179k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 16y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $350k; list at $641k implies a 83% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→31/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $619,974 (3.3% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.97% ✗
• Cap rate: 7.73%
• Cash-on-cash: 5.15%
• DSCR: 1.23
• GRM: 8.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -3.1%
• Equity multiple: 0.88×
• Total profit: $-22,176
• Equity at exit: $95,560

10-year hold

• IRR: 11.2%
• Equity multiple: 2.07×
• Total profit: $192,544
• Equity at exit: $55,413

Cash invested: $179,452 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 34108

• Rents YoY: 8.7%
• Active inventory: 679
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $6,200 medium
• Mortgage (P&I): −$3,361
• Tax from tax record: −$500 /mo · $6,005/yr
• Insurance: −$267
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,302
• Net cashflow: $769

Break-even live

Break-even rent $5,226

Max offer price $640,900

Occupancy floor 83%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $160,225
• Closing costs: $19,227
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
663 110th Ave N Naples, FL	4.0	3.0	1936	$8,500	$4.39	23d	1	0.05mi
669 107th Ave N Unit 1504183P Naples, FL	3.0	2.0	1614	$3,571	$2.21	23d	1	0.14mi
706 111th Ave N Naples, FL	2.0	2.0	1080	$1,850	$1.71	23d	1	0.14mi
673 107th Ave N Naples, FL	3.0	2.0	1428	$3,850	$2.70	23d	1	0.14mi
685 107th Ave N Unit 1504184P Naples, FL	4.0	3.0	2238	$8,819	$3.94	21d	1	0.14mi
610 111th Ave N Unit 1534774P Naples, FL	4.0	2.5	1905	$6,664	$3.50	14d	1	0.16mi
625 107th Ave N Unit 1534807P Naples, FL	4.0	2.5	2012	$8,779	$4.36	23d	1	0.16mi
602 111th Ave N Naples, FL	2.0	2.0	1104	$4,000	$3.62	23d	1	0.17mi
712 108th Ave N Naples, FL	3.0	3.0	1997	$12,500	$6.26	23d	1	0.17mi
698 107th Ave N Naples, FL	4.0	3.0	1487	$3,800	$2.56	23d	1	0.19mi
663 106th Ave N Unit 1504161P Naples, FL	3.0	2.0	1539	$7,887	$5.12	14d	1	0.20mi
724 108th Ave N Unit 1073495P Naples, FL	3.0	2.0	1151	$4,915	$4.27	14d	1	0.20mi
744 110th Ave N Naples, FL	3.0	2.0	1596	$4,500	$2.82	23d	1	0.21mi
692 106th Ave N Unit 1387168P Naples, FL	3.0	3.0	1356	$6,573	$4.85	14d	1	0.24mi
564 109th Ave N Naples, FL	2.0	2.0	1080	$16,000	$14.81	23d	1	0.25mi
593 106th Ave N Naples, FL	3.0	2.0	1800	$9,000	$5.00	23d	1	0.26mi
612 106th Ave N Unit 1073496P Naples, FL	3.0	2.0	1550	$6,772	$4.37	14d	1	0.26mi
693 105th Ave N Naples, FL	4.0	3.0	2014	$10,500	$5.21	23d	1	0.27mi
754 107th Ave N Naples, FL	3.0	2.5	1994	$5,790	$2.90	23d	1	0.29mi
630 105th Ave N Naples, FL	4.0	2.0	2119	$3,950	$1.86	23d	1	0.31mi
714 105th Ave N Naples, FL	3.0	2.0	1491	$4,150	$2.78	23d	1	0.33mi
792 108th Ave N Naples, FL	3.0	2.0	1446	$8,500	$5.88	23d	1	0.34mi
760 106th Ave N Naples, FL	3.0	2.0	1968	$12,000	$6.10	23d	1	0.34mi
749 105th Ave N Naples, FL	3.0	2.0	1394	$4,000	$2.87	23d	1	0.35mi
707 104th Ave N Naples, FL	3.0	2.0	1745	$14,500	$8.31	23d	1	0.35mi
530 108th Ave N Naples, FL	3.0	2.0	1350	$15,000	$11.11	23d	1	0.35mi
518 110th Ave N Naples, FL	3.0	2.0	2180	$10,000	$4.59	23d	1	0.36mi
572 105th Ave N Naples, FL	3.0	2.0	1485	$9,250	$6.23	23d	1	0.37mi
731 104th Ave N Naples, FL	2.0	2.0	1388	$12,000	$8.65	23d	1	0.37mi
645 103rd Ave N Unit 1534775P Naples, FL	4.0	2.0	1840	$8,513	$4.63	21d	1	0.39mi
637 103rd Ave N Naples, FL	3.0	2.0	1669	$3,100	$1.86	23d	1	0.39mi
552 105th Ave N Naples, FL	3.0	2.0	1614	$7,500	$4.65	23d	1	0.40mi
828 110th Ave N Unit 1504175P Naples, FL	4.0	4.0	2152	$11,370	$5.28	21d	1	0.42mi
510 106th Ave N Unit 1387169P Naples, FL	4.0	2.0	1646	$7,553	$4.59	14d	1	0.44mi
838 109th Ave N Naples, FL	3.0	2.0	1168	$5,299	$4.54	23d	1	0.45mi
691 102nd Ave N Naples, FL	3.0	2.0	1311	$7,000	$5.34	23d	1	0.45mi
715 102nd Ave N Unit 1504167P Naples, FL	3.0	3.0	1991	$7,661	$3.85	14d	1	0.47mi
851 108th Ave N Unit 1504157P Naples, FL	3.0	3.0	2185	$7,796	$3.57	23d	1	0.48mi
604 102nd Ave N Naples, FL	3.0	2.0	1197	$3,150	$2.63	14d	1	0.49mi
822 105th Ave N Naples, FL	4.0	3.0	2200	$19,000	$8.64	23d	1	0.51mi

Listing history 15 events

1. 2026-05-05
   status Pending
2. 2026-04-23
   listed $640,900 Active
3. 2022-12-20
   historical
4. 2014-12-24
   soldstatus $350,000
5. 2014-12-22
   soldstatus $350,000 1194-char remark

   Show marketing remark (1194 chars)

   H. 8462 - Fabulous Naples Park location, an easy bike ride to Delnor Wiggins State Park beach, Vanderbilt Beach, or shopping/dining/movies at Mercato, Waterside Shoppes, Ritz Carlton or Vanderbilt Pavilion! No community fees whatsoever! This RECENTLY UPDATED spacious 3/2 home with 2-CAR ATTACHED GARAGE was built in 1997, and you'll love the very contemporary and functional great room true 3 BR floorplan. Updates completed meticulously since 2011 by the current homeowners include accordion storm shutters on all windows and lanai and other wind mitigation improvements like new garage doors, new stainless kitchen appliances and granite countertops/tumbled marble backsplash, carpet replaced with tile so NO carpet in the home, new water heater, new interior paint throughout, bathroom and laundry/utility room updates, an alarm system installed, new window treatments and furnishings, new automatic sprinkler system and new landscaping, and on and on! This home is immaculately clean, bright, updated and has a very private yard, and pride of ownership is obvious! Don't miss this opportunity to move right in and conveniently enjoy all that Naples has to offer, at a reasonable cost!

6. 2014-12-22
   price $374,000 1194-char remark

   Show marketing remark (1194 chars)

   H. 8462 - Fabulous Naples Park location, an easy bike ride to Delnor Wiggins State Park beach, Vanderbilt Beach, or shopping/dining/movies at Mercato, Waterside Shoppes, Ritz Carlton or Vanderbilt Pavilion! No community fees whatsoever! This RECENTLY UPDATED spacious 3/2 home with 2-CAR ATTACHED GARAGE was built in 1997, and you'll love the very contemporary and functional great room true 3 BR floorplan. Updates completed meticulously since 2011 by the current homeowners include accordion storm shutters on all windows and lanai and other wind mitigation improvements like new garage doors, new stainless kitchen appliances and granite countertops/tumbled marble backsplash, carpet replaced with tile so NO carpet in the home, new water heater, new interior paint throughout, bathroom and laundry/utility room updates, an alarm system installed, new window treatments and furnishings, new automatic sprinkler system and new landscaping, and on and on! This home is immaculately clean, bright, updated and has a very private yard, and pride of ownership is obvious! Don't miss this opportunity to move right in and conveniently enjoy all that Naples has to offer, at a reasonable cost!

7. 2014-07-18
   listed $350,000 1194-char remark

   Show marketing remark (1194 chars)

   H. 8462 - Fabulous Naples Park location, an easy bike ride to Delnor Wiggins State Park beach, Vanderbilt Beach, or shopping/dining/movies at Mercato, Waterside Shoppes, Ritz Carlton or Vanderbilt Pavilion! No community fees whatsoever! This RECENTLY UPDATED spacious 3/2 home with 2-CAR ATTACHED GARAGE was built in 1997, and you'll love the very contemporary and functional great room true 3 BR floorplan. Updates completed meticulously since 2011 by the current homeowners include accordion storm shutters on all windows and lanai and other wind mitigation improvements like new garage doors, new stainless kitchen appliances and granite countertops/tumbled marble backsplash, carpet replaced with tile so NO carpet in the home, new water heater, new interior paint throughout, bathroom and laundry/utility room updates, an alarm system installed, new window treatments and furnishings, new automatic sprinkler system and new landscaping, and on and on! This home is immaculately clean, bright, updated and has a very private yard, and pride of ownership is obvious! Don't miss this opportunity to move right in and conveniently enjoy all that Naples has to offer, at a reasonable cost!

8. 2011-02-14
   soldstatus $243,000
9. 2011-02-11
   soldstatus $243,000 753-char remark

   Show marketing remark (753 chars)

   Come live in desirable North Naples and the popular beach neighborhood of Naples Park. One mile to Delnor Wiggins State Park. Also close to Vanderbilt Beach, library, medical facilities, shopping, elementry school, and the Mercato, an upscale mixed use center with movies, retail shops, entertaiment, fine dining, and Whole Foods Market. This spacious 1624 sq ft, 3BR/ 2BA home was built in '97 & features high ceilings, front living room, walk in kitchen pantry, & large family room with triple sliders that lead to the screened lanai. Also included are walk in closets in master, & 2nd bedrooms, plant shelves, recessed lighting, 4 Royal Palms on property, and automatic sprinkler system. You'll enjoy this home. We Love Naples Park !

10. 2010-08-02
    listed $269,900 753-char remark

    Show marketing remark (753 chars)

    Come live in desirable North Naples and the popular beach neighborhood of Naples Park. One mile to Delnor Wiggins State Park. Also close to Vanderbilt Beach, library, medical facilities, shopping, elementry school, and the Mercato, an upscale mixed use center with movies, retail shops, entertaiment, fine dining, and Whole Foods Market. This spacious 1624 sq ft, 3BR/ 2BA home was built in '97 & features high ceilings, front living room, walk in kitchen pantry, & large family room with triple sliders that lead to the screened lanai. Also included are walk in closets in master, & 2nd bedrooms, plant shelves, recessed lighting, 4 Royal Palms on property, and automatic sprinkler system. You'll enjoy this home. We Love Naples Park !

11. 2003-11-20
    soldstatus $272,000
12. 2003-10-16
    soldstatus $272,000
13. 1997-11-06
    soldstatus $150,000
14. 1997-09-25
    soldstatus $155,000
15. 1996-12-23
    soldstatus $41,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $6,005 · $500/mo
• Projected year-2 tax: $6,005 · $500/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 53% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 31 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $74,397
• − Mortgage interest: −$35,900
• − Property taxes: −$6,005
• − Insurance: −$3,204
• − Repairs & maintenance: −$5,952
• − Management: −$5,952
• − Depreciation: −$18,644
• Taxable loss: −$1,260
• Est. tax savings @ 24.0%: +$303
• After-tax cash flow: $9,536/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Collier
• NCES district ID: 1200330
• Math proficiency: 60% ▼ -4.00%
• Reading proficiency: 56% ▼ -2.00%
• Median HH income: $58,275
• Composite: 50.23/100
• National rank: #1892
• State rank: #16 of 73 in FL

Livability — Naples Park

• Score: 64/100
• State rank: #696
• US rank: #14564

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment B+ Housing A- Health & safety D User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Naples Park, FL
• County: Collier County · 396,295 people
• Metro: Naples-Marco Island, FL
• Population (ZIP): 16,237
• Household income: $119,212
• Rent vs Own: 14.0% rent · 86.0% own
• Severe rent burden: 237.0

Population outlook (Collier County) Hauer SSP2

• Today (2025): 420,858 people
• By 2030: 450,054 · +6.9%
• By 2040: 502,232 · +19.3%
• By 2050: 544,932 · +29.5%
• By 2075: 627,203 · +49.0%
• By 2100: 659,015 · +56.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 8% Two or more races 7% Asian 1% Black 1%
• Hispanic origin (detail): Mexican 2% Cuban 3%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 3%
• Foreign-born: 16% · Canada, Dominican Republic, South Korea
• Languages at home: 86% English-only · Spanish 6% Russian/Polish/Slavic 2% Other Indo-European 2%

Political lean MEDSL · Collier

• 2024 margin: Solid R (+33.1) · D 33.1% · R 66.2%
• 2008→2024 swing: -10.6pp toward R · 2008: -22.5pp · 2024: -33.1pp
• All cycles: 2024: R+33.1 2020: R+24.7 2016: R+26.0 2012: R+30.1 2008: R+22.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -587.97%
• Current HPI: 275.1872
• Rent YoY: ▲ 8.74%
• Metro: Naples-Marco Island, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+1463.2% since first listed

15 events — show timeline

• 2026-05-05 Pending — FORTMLS
• 2026-04-23 Listed $640,900 FORTMLS
• 2022-12-20 Rental Removed — RENT.
• 2014-12-24 Sold (Public Records) $350,000 Public Records
• 2014-12-22 Price Changed $374,000 NAPLESMLS
• 2014-12-22 Sold (MLS) $350,000 NAPLESMLS
• 2014-07-18 Listed $350,000 NAPLESMLS
• 2011-02-14 Sold (Public Records) $243,000 Public Records
• 2011-02-11 Sold (MLS) $243,000 NAPLESMLS
• 2010-08-02 Listed $269,900 NAPLESMLS
• 2003-11-20 Sold (Public Records) $272,000 Public Records
• 2003-10-16 Sold (Public Records) $272,000 Public Records
• 1997-11-06 Sold (Public Records) $150,000 Public Records
• 1997-09-25 Sold (Public Records) $155,000 Public Records
• 1996-12-23 Sold (Public Records) $41,000 Public Records

Property tax history

+8.2%/yr

Latest (2025): $6,005 · +0.9% YoY. Source: county tax records.