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.
Lot/land
Price cut: $100K (9/28)
$1,300,000
5202 Cypress LN, NAPLES, FL 34113
--beds
--baths
1.73Acres
Unimproved Land
Built in ----
1.73 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Well-positioned within naples
- 102 days
- 110
- 3
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
DJ Henderson 239-877-3994,
Waterfront Realty Group Inc
Source: SWFLMLS,MLS#: 226017782
Originating MLS: Naples
Facts & features
Interior
Features
- Has fireplace: No
Property
Features
- Has view: Yes
- View description: Canal, Water, Trees/Woods
- Has water view: Yes
- Water view: Canal,Water
- Waterfront features: Canal Front
Lot
- Size: 1.73 Acres
- Features: Cul-De-Sac, Oversize
Details
- Parcel number: 60782320006
- Zoning: RMF-6
Utilities & green energy
- Water: Central
- Utilities for property: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Non-Gated
- Subdivision: MYRTLE COVE ACRES
HOA
- Has HOA: No
Location
- Region: Naples
Financial & listing details
- Tax assessed value: $571,074
- Annual tax amount: $5,565
- Date on market: 6/26/2026
- Lease term: CASH ONLY
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2026 | Price change | $1,300,000-7.1% |
Source: | ||
| 6/26/2026 | Listed for sale | $1,400,000-12.5% |
Source: | ||
| 5/13/2026 | Listed for rent | $2,850 |
Source: Zillow Rentals Report a problem | ||
| 1/29/2026 | Listing removed | $2,850 |
Source: Zillow Rentals Report a problem | ||
| 1/6/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 12/2/2025 | Listed for rent | $2,850 |
Source: Zillow Rentals Report a problem | ||
| 11/21/2025 | Listing removed | $2,850 |
Source: Zillow Rentals Report a problem | ||
| 10/18/2025 | Listed for rent | $2,850+7.5% |
Source: Zillow Rentals Report a problem | ||
| 10/8/2025 | Listed for sale | $1,599,999+196.3% |
Source: Owner Report a problem | ||
| 11/23/2024 | Listing removed | $2,650 |
Source: Zillow Rentals Report a problem | ||
| 10/11/2024 | Price change | $2,650-7% |
Source: Zillow Rentals Report a problem | ||
| 10/1/2024 | Price change | $2,850+7.5% |
Source: Zillow Rentals Report a problem | ||
| 9/28/2024 | Listed for rent | $2,650-7% |
Source: Zillow Rentals Report a problem | ||
| 7/27/2024 | Listing removed | $2,850-10.4% |
Source: Zillow Rentals Report a problem | ||
| 7/21/2024 | Listed for rent | $3,180 |
Source: Zillow Rentals Report a problem | ||
| 6/30/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/12/2024 | Price change | $3,180+3.2% |
Source: Zillow Rentals Report a problem | ||
| 5/18/2024 | Price change | $3,080-13.5% |
Source: Zillow Rentals Report a problem | ||
| 5/6/2024 | Price change | $3,560-8.2% |
Source: Zillow Rentals Report a problem | ||
| 4/20/2024 | Price change | $3,880-9.8% |
Source: Zillow Rentals Report a problem | ||
| 3/21/2024 | Listed for rent | $4,300-33.2% |
Source: Zillow Rentals Report a problem | ||
| 9/19/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/22/2023 | Listed for rent | $6,440 |
Source: Zillow Rentals Report a problem | ||
| 1/12/2023 | Sold | $540,000-9.8% |
Source: Public Record Report a problem | ||
| 11/2/2022 | Pending sale | $599,000 |
Source: | ||
| 6/3/2022 | Listed for sale | $599,000+31.6% |
Source: | ||
| 12/5/2005 | Sold | $455,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,566 +24.6% | $459,864 +10% |
| 2024 | $4,465 -4.5% | $418,058 -7.8% |
| 2023 | $4,674 +86.4% | $453,278 +195.1% |
| 2022 | $2,508 +35.2% | $153,600 +10% |
| 2021 | $1,856 +7.1% | $139,636 +10% |
| 2020 | $1,732 +4.9% | $126,942 +10% |
| 2019 | $1,651 +3.3% | $115,402 +10% |
| 2018 | $1,599 -11.8% | $104,911 +10% |
| 2017 | $1,812 -1.7% | $95,374 +10% |
| 2016 | $1,843 +20.5% | $86,704 +10% |
| 2015 | $1,530 +8.2% | $78,822 +10% |
| 2014 | $1,415 +79.9% | $71,656 +10% |
| 2013 | $786 +9.9% | $65,142 +10% |
| 2012 | $716 -8.6% | $59,220 -9.1% |
| 2011 | $783 -53.1% | $65,126 -17.1% |
| 2010 | $1,670 -37.5% | $78,565 -44.2% |
| 2009 | $2,669 | $140,867 -41.7% |
| 2008 | $2,669 +8.8% | $241,483 +7.5% |
| 2007 | $2,453 +646.8% | $224,708 +13.9% |
| 2006 | $328 | $197,239 +295.4% |
| 2005 | $328 +5.3% | $49,882 +3% |
| 2004 | $312 +1.6% | $48,429 +1.9% |
| 2003 | $307 +3.9% | $47,526 +2.4% |
| 2002 | $295 -49.2% | $46,412 +1.6% |
| 2001 | $582 +109% | $45,681 |
| 2000 | $278 | -- |
Find assessor info on the county website







