This lakefront Naples property presents a rare value add investment opportunity with fundamentals that are increasingly difficult to replicate. The main residence offers a highly desirable layout that buyers consistently praise for flow, livability, and indoor outdoor connection. The opportunity lies not in reconfiguration, but in cosmetic modernization. In addition to the primary home, the property includes a separate garage structure with two independent rental living spaces, creating multiple income streams under one ownership. This feature alone sets the property apart from nearby comparables and significantly enhances long term return potential. Positioned directly on the lake, the home offers a premium location advantage over neighboring properties that lack waterfront exposure. With an estimated $150,000 cosmetic renovation, this property can be re positioned to compete at or above the current neighborhood ceiling while offering stronger income fundamentals. Renovation scope is straightforward and high impact, with no structural changes and roof replaced last year. Ideal for investors, renovators, or buyers seeking a below market entry into lakefront Naples with built in income potential. Location & Lifestyle Set in a quiet neighborhood, this estate is ideally located: 3 miles to the beach Minutes to Mercato dining and shopping Sidewalk access to Veterans Community Park with tennis, fields, and playgrounds Zoned to a top rated (9/10) public school district This property has never experienced flooding or storm damage, offering rare peace of mind. The large .77 acre lot ensures privacy and space, with no zero lot linesjust serene lakefront living.