10919 Parnu Street, Naples, FL 34109

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....