10919 Parnu St, Naples, FL 34109 - 5 Bedroom Pool Home in Southwinds Estates
$1,300,000
home Property Description
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 lines—just serene lakefront living.
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Chris Farrugia, M.B.A.
Realtor® at The Listing Naples Group
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The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations. Copyright 2026 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.
Listing provided by All In One Realty Group.