10919 Parnu St., 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 $200,000 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.