UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Myrtle Cove Acres
MLS Listing ID 226017782
HOA Y/N No
Annual Tax Amount $5,565
Tax Year 2025
Lot Size 1.730 Acres
Acres 1.73
Lot Dimensions Appraiser
Property Sub-Type Residential
Property Description
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.
Location
State FL
County Collier
Community Myrtle Cove Acres
Area Na23 - S/O Pine Ridge 26, 29, 30, 31, 33, 34
Direction Northeast
Interior
Furnishings Furnished
Fireplace No
Exterior
Community Features Non- Gated
Utilities Available Cable Available, Electricity Available, Sewer Available, Trash Collection, Water Available
Waterfront Description Canal Access
View Y/N Yes
Water Access Desc Public
View Canal, Trees/ Woods, Water
Present Use Multi-Family
Garage No
Building
Lot Description Cul- De- Sac, Oversized Lot
Faces Northeast
Sewer Public Sewer
Water Public
Others
HOA Fee Include None
Senior Community No
Tax ID 60782320006
Acceptable Financing Cash
Listing Terms Cash
Nearby Locations
"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."