
Long Beach, California 90803
This Coastal Contemporary Cape Cod is a High-Potential Investment Opportunity, listed at $3,465,000—positioned well above the $3,025,539 Fair Market Value by -14%. Featuring a Good Condition Rating with a professional-grade chef's kitchen and a newly installed 50-year roof, the home offers a sophisticated lifestyle near Naples Elementary. While the pricing reflects its premium location on Treasure Island, the property provides a rare, move-in ready coastal sanctuary. This residence is an ideal acquisition for Luxury Homeowners or discerning buyers seeking a refined waterfront lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33 Palermo Walk Subject | $3,465,000* List Price | 3 | 4 | 2,980 | $1,015 | - |
A 5433 E The Toledo Sold | $2,550,000 | 4 | 4 | 3,041 | $839 | 0.3 mi |
B 6230 Napoli Court Sold | $2,870,000 | 4 | 4 | 2,778 | $1,033 | 0.8 mi |
C 75 Angelo Walk Sold | $3,225,000 | 3 | 4 | 2,794 | $1,154 | 0.4 mi |
D 111 Rivo Alto Canal Sold | $3,600,000 | 3 | 3 | 2,502 | $1,439 | 0.3 mi |
E 354 Salta Verde Point Sold | $2,750,000 | 4 | 4 | 2,744 | $1,002 | 0.8 mi |
F 5776 Campo Walk Sold | $2,930,000 | 4 | 3 | 2,758 | $1,062 | 0.3 mi |
G 89 Rivo Alto Canal Active | $2,795,000 List Price | 5 | 4 | 2,531 | $1,104 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The residence was rebuilt in 2006, placing the major structural and system age at 19 years. While it features a high-end chef's kitchen with Carrara marble, spa-inspired baths, and a newly installed 50-year roof, the overall renovation age fits the 10-20 year 'Good' criteria for a well-maintained, move-in ready home.
Situated on Treasure Island in Naples, the property offers an elite coastal lifestyle just steps from the canals, Alamitos Bay, and the vibrant dining and shopping of Belmont Shore.
Rebuilt by renowned builder Craig Pettigrew, the home features high-end finishes including soaring vaulted ceilings, Carrara marble, and a professional-grade chef's kitchen, ensuring timeless quality.
The residence boasts a gated courtyard, a front porch, and a private outdoor retreat with a brick fireplace and built-in BBQ, perfectly designed for year-round entertaining.
Despite its proximity to the water, the property primarily offers 'peek-a-boo' canal views rather than direct, expansive waterfront vistas, which may be a drawback at this price point.
While considered oversized for the Naples area, the 3,486-square-foot lot remains relatively small, potentially limiting options for buyers seeking significant yard space or garden privacy.
Perfectly positioned on an oversized corner lot just steps from the water, this exceptional Coastal Contemporary Cape Cod captures the essence of Naples Island living. Nestled between the iconic Naples Canals and Alamitos Bay on prestigious Treasure Island, the residence offers a rare blend of timeless architecture, privacy, and effortless coastal sophistication. Behind lush, curated landscaping and mature plantings, a gated courtyard and inviting front porch create a memorable arrival experience, setting the tone for the warmth and craftsmanship found throughout the home. Inside, light-filled interiors are defined by soaring vaulted ceilings, rich hardwood floors, and impeccable custom details. Originally rebuilt in 2006 by renowned builder Craig Pettigrew, the home was thoughtfully designed for both elegant entertaining and comfortable everyday living. At the heart of the residence, the expansive Great Room seamlessly connects the living, dining, and kitchen spaces, featuring custom built-ins, wine storage, a welcoming fireplace, and a beautifully appointed chef's kitchen with professional-grade appliances, Carrara marble and travertine surfaces, and custom cabinetry. French doors open to a private outdoor retreat where a dramatic brick fireplace, built-in BBQ, and multiple gathering spaces create the ultimate setting for year-round indoor-outdoor living. Upstairs, the serene primary suite offers vaulted ceilings, a fireplace, walk-in closet, and spa-inspired bath, while two additional ensuite bedrooms provide exceptional comfort and privacy. A versatile landing retreat just outside the guest suites doubles as an ideal home office or study space and enjoys charming peek-a-boo canal views from the adjacent balcony. Further enhancing the home's appeal, the exterior has been extensively restored and meticulously maintained, including a newly installed 50-year roof thoughtfully designed to preserve the integrity and timeless character of its classic Cape Cod architecture. Just moments from the Naples Canals, Alamitos Bay, yacht clubs, Mother's Beach, and the renowned dining, shopping, and nightlife of Belmont Shore's vibrant Second Street, this is a rare opportunity to own a beautifully crafted residence in one of Long Beach's most sought-after waterfront communities.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,980 | 1,556.5 |
| Lot Size | 3,486 | 5,910 |
| Price | $3.46M | $1.02M |
| Price per sq ft | $1.2K | $721 |
| Built year | 1950 | 1949 |
| HOA | $0 | $240 |
| Days on market | 0 | 46 |
Jun 11, 2026
$3,465,000
Initial Listing
Apr 13, 2022
$3,107,500
Public Record
Mar 26, 2010
$1,750,000
Public Record
Oct 17, 2003
$1,125,000
Public Record
Mar 9, 2001
$860,000
Public Record
Jun 4, 1999
$600,000
Public Record
Apr 29, 1997
$420,000
Public Record