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Rare canal-front mid-century coastal opportunity in the highly desirable Naples Island. The property consists of two units and can be acquired as an owner-occupied residence while generating rental income from the second unit. A standout feature is the private 24-foot boat dock providing direct canal access, along with an integrated rooftop terrace with spa overlooking the canal, a rare amenity in the submarket. The asset offers both lifestyle and income potential and is well suited for an owner-user or investor seeking a unique waterfront opportunity with upside. The property is currently vacant, allowing for immediate occupancy or lease-up. 34 Rivo Alto features a single-family-home style layout with an integrated ground-level garage and direct interior access. The lower level includes one bedroom, one bathroom, and a bonus room suitable for an office or potential bedroom conversion. The upstairs primary bedroom overlooks the canal and has direct access to the rooftop terrace and spa, offering expansive outdoor living and water views. Unit B is a two-bedroom, one-bath unit with a private sun deck facing the alley, offering separation and privacy and making it well suited for rental income, guest use, or extended family occupancy. Architectural and design characteristics include large view-oriented window openings facing the canal, stacked living levels that separate public and private spaces, and deck and terrace areas integrated into the structure for waterfront enjoyment. A new owner has the opportunity to enhance and personalize this rare asset with upgrades and finishes to match their vision, creating either a dream waterfront home with income or a strong long-term investment.
Listing agent: Tyler Leeson DRE #01451551 tleeson@marcusmillichap.com, Listing office: Marcus & Millichap RE Invest
MLS data updated 10/30/2026, 3:20:12 AM PT
Source: CRMLS, MLS #: OC26036855
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Apr 3, 2026
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This home · nearest recorded event
$2,904,500Closed sale · Apr 3, 2026ZIP 90803 · Apr 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.