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Offered at $595,000Active
beds
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baths
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sq ft
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Built
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2995 Terrace Avenue

Naples, FL 34104

About this home

Prime .51-Acre Opportunity Near Downtown Naples – Build Your Vision Welcome to an opportunity in the heart of Naples! This rare .51-acre residential lot offers a true blank canvas for your custom home or next investment project in one of Southwest Florida’s fastest-growing areas. Perfectly positioned just off Shadowlawn Drive and Terrace Avenue, and only one block from Davis Boulevard, this property delivers unbeatable convenience and accessibility. Located just 1.5 miles from Downtown Naples’ famous 5th Avenue South, you’ll enjoy quick access to world-class dining, boutique shopping, entertainment, and the stunning Gulf beaches. This rapidly evolving neighborhood is seeing significant growth and redevelopment, making it an ideal choice for investors or buyers looking to capitalize on future appreciation. The lot is also near key landmarks and businesses—including a nearby Porsche dealership—and sits just 2 miles from NCH, adding to its desirability and long-term value. Whether you're looking to build a luxury residence, a seasonal retreat, or an income-producing property, this oversized parcel stands out as a rare find with incredible potential.

Listing last checked: Listing updated:

Listed by Brooke Sykes, LLC, Charlina McGee · Douglas Elliman Florida,LLC · MLS #226010714

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Details at a glance

Interior1 property facts
Rooms
0
Building1 property facts
Style
Residential
Land & utilities3 property facts
Lot size
0.51 acres
Water
Public
Sewer
Public Sewer
Financial3 property facts
Annual taxes
$4,900
Assessment year
2025
HOA fee
$0 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $595,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$3,417 / monthAdjust
Principal & interest
$3,009
Property tax
$408
Insurance
Not entered
HOA
$0

Listing annual taxes: $4,900. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.

Partial estimate: add insurance to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

More property insights

Comparable properties 3 supplied

Sold Jul 15, 2026

$621,000

5040 CHERRY WOOD Drive

Sold Jul 21, 2026

$580,000

1891 23rd Street SW

Sold Jul 22, 2026

$550,000

4881 Southern Breeze Drive

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About 2995 Terrace Avenue

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Request a tour of 2995 Terrace Avenue and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.