3 Bed Waterfront Home for Sale in Naples
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For SaleMLS# 226006847

$995,000

3 Bed Waterfront Home for Sale in Naples

5348 Cypress Lane, Naples, FL, 34113

3 beds2.5 baths2,283 sqft2 garage
GatedBoatingWaterfront

About this home

Stunning 2.01-Acre Property, minutes from the Naples Beaches. Discover the ultimate Myrtle Cove Acre lot west of US 41, just minutes from the beautiful Naples beaches and vibrant downtown shopping. This exceptional 2.01-acre property features a canal along the north side and offers both privacy and scenic views. Zoned RSF-3, the property allows for a guest house or subdivision into multiple lots, providing flexibility for future development or investment. The most attractive advantage is the ability to build a guest house, or you may choose to subdivide the land to maximize its potential. Currently, the property features a lovely 2-story home with amazing curbside appeal and 2,283 square feet under air. The home includes three bedrooms, and two-and-half baths with spacious master suite on the first floor. Enjoy a spacious master bath with dual vanities, designer details, and French doors providing private access to the sundeck. Additional features include a generous owner’s walk-in closet. The great room offers an expansive living and dining area with extraordinarily high ceilings, while the flex/loft space is perfect for a workstation. The kitchen and breakfast nook are filled with natural light from large windows overlooking the streetscape. A conveniently located laundry room sits near a 2-car garage. This property is ideal for buyers seeking space, flexibility, and proximity to Central Naples. No HOA fees.

Property details

Type
SingleFamilyResidence
Year built
2000
Interior
2,283 sqft
Lot size
87,555.6 sqft
Acreage
2.01 acres
Garage
2 car
Days on market
179
Total association fees
None
CDD
None
Est. taxes (1.4%)
$13,930/yr
Flood zone (area est.)
Not available
Storm protection
None listed
Exposure
South
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Public
Sewer
Public Sewer
New construction
No
Pets
Yes
County
Collier
Above marketThis home is priced above comparable recent sales.
This home
$436/sqft
Comp median
$400/sqft
Difference
+9%

Based on the $/sqft of 20 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.

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Recently sold nearby

Closed comparable sales within ~1 mile in the last 12 months, similar price, size, beds/baths, and age.

AddressSoldSold priceBeds/BathsSq ft$/sqft
9118 Prima Way 202Dec 2025$1,130,0003/22,099$538
9109 PRIMA Way 102Oct 2025$1,075,0002/22,463$436
9473 Casoria Court 202Jun 2026$870,0003/22,099$414
8868 Mustang Island CircleApr 2026$1,100,0003/32,450$449
8948 Mustang Island CircleMar 2026$949,9003/32,450$388
8812 Mustang Island CircleDec 2025$847,5003/22,207$384
Average6 comps$995,400$435

Market trends, Naples

Median list
$677,000
Median $/sqft
$367
Median sold (90d)
$605,000
Avg days on market
112
Active listings
3,977
Median sold price · Naples
$605,000last 3 months3.2% vs $625,000 prior 3 months
Median closed price by month · Naples
1.7% MoM4.2% YoY
$530k$600k$670kJul ’25Aug ’26
$590,000Aug ’26 · 469 sales

Median of closed MLS sales each month over the available window. Months with too few sales are omitted; the range extends automatically as more sales close.

Live area medians from the MLS · see all listings. Indicative, not an appraisal.

Price & status history

Down $80,000 (7.4%) from the original list price.

Aug 10, 2026Price reducedfrom $1,050,000$995,000
Feb 12, 2026Listed$1,075,000

The good, the trade-offs & the location

Pros
  • Waterfront
  • 2-car garage
Consider
  • Built 2000 — pre-2002 construction may carry older wind codes and higher insurance
Location convenienceHigh
Hospital
6.4 mi
NCH Baker Hospital (Naples)
Beach
6 mi
Naples Pier / Beach
Airport
5.5 mi
Naples Airport
Shopping
6.7 mi
Coastland Center (Naples)

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

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Nearby schools

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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.