Open data · CC-BY 4.0

Naples, FL cost segregation benchmarks (2026)

Engine-derived ROI data from 5 representative Naples-area properties. Methodology transparent below. CC-BY 4.0, journalists, CPAs, and researchers may cite this dataset with attribution.

Three key findings for Naples

  1. Median engine-estimated Year-1 federal savings: $72,412 (interquartile range $52,007–$93,575, full range $20,351–$139,372) across 5 representative fixtures with purchase prices $425,000–$1,850,000. Assumptions: 100% bonus depreciation under OBBBA; 37% federal top marginal bracket. Individual property results vary substantially based on specific condition, renovation history, and rental treatment.
  2. Median reclassification ratio: 26.3% (interquartile range 26.2%–27.0%, full range 16.9%–27.6%). Furnished STRs sit higher in the range due to FF&E density; long-term rentals sit lower; renovation-cost-pool-driven properties span both. Your specific property may fall outside this range either direction depending on actual condition and renovation history.
  3. Median land allocation: 24.5% (interquartile range 24.1%–26.2%, full range 23.5%–27.0%). Resort-tier and high-cost-of-land neighborhoods (where the engine's premium land floor often applies) compress depreciable basis as a percentage of purchase price, but produce larger absolute dollar deductions. See the methodology note below the neighborhood table for the premium-floor mechanism.

Important framing: These are engine outputs for representative fixture scenarios, not predictions about any specific property. The cost segregation engine takes real property data (address, year built, square footage, renovation history, assessor records) and produces a study tailored to your actual property. The aggregate numbers shown here describe the Naples market's general profile; your specific results will reflect your specific property.

Per-fixture results

Each fixture was run through the Cost Seg Smart engine, the same engine that produces real customer studies. Numbers below are reproducible from cities/naples.json via scripts/run_city_stats.py.

Property Neighborhood Price Basis Land % 5-yr 15-yr Reclass % Y1 fed savings @ 37%
Old Naples Luxury Condo
CONDO · STR · Built 2008
Old Naples (downtown) $1,850,000 $1,365,670 26.2% $281,449 $86,566 27.6% $139,372
Pelican Bay Villa
CONDO · STR · Built 2005
Pelican Bay / North Naples $985,000 $743,675 24.5% $145,389 $45,994 26.3% $72,412
Park Shore Gulf-Front Condo
CONDO · STR · Built 2002
Park Shore $1,325,000 $966,985 27.0% $190,060 $58,210 26.2% $93,575
East Naples Inland SFR Rental
SFR · Built 2010
Golden Gate / East Naples (inland) $425,000 $325,252 23.5% $32,996 $22,008 16.9% $20,351
Bonita Springs Master-Planned SFR STR
SFR · STR · Built 2013
Bonita Springs / Estero (Lee County) $685,000 $520,189 24.1% $106,461 $30,930 27.0% $52,007

Reclassification by property type

Engine property typeFixturesMedian reclass %MinMax
CONDO 3 26.3% 26.2% 27.6%
SFR 2 22.0% 16.9% 27.0%

"STR" denotes residential property operating as a short-term rental, the engine applies an FF&E density uplift not captured in the LTR (long-term rental) treatment.

Typical land allocation by neighborhood

NeighborhoodTypical valueTypical land allocationProfile note
Old Naples (downtown) $1,850,000 ~34% Historic walkable downtown corridor near Naples Pier. High land allocation due to walkability + beach-proximity scarcity. Mix of luxury condo, historic SFR, and boutique multi-unit.
Pelican Bay / North Naples $985,000 ~28% Master-planned beachfront community with golf, tennis, and beach club amenities. Strong HOA capital-assessment cadence. Mix of mid-rise condo and villa product.
Park Shore $1,325,000 ~30% Mid-rise gulf-front condo dominant. Higher land allocation than North Naples due to gulf-front concentration. Active winter-rental STR market.
Golden Gate / East Naples (inland) $425,000 ~18% Lower-cost inland SFR rental market east of Naples proper. Lowest land allocation. Strong LTR rental cash flow. Collier County jurisdiction.
Bonita Springs / Estero (Lee County) $685,000 ~22% Lee County jurisdiction north of Collier. Mix of master-planned community SFR and condo. Mid-tier land allocation. Lighter STR regulation than City of Naples.
Why per-fixture engine output may differ from the typical land allocation:

The "typical land allocation" column reflects baseline patterns for each sub-market based on county assessor records and statistical modeling. For specific properties where reconstruction cost (industry-standard 2026 component build-up adjusted for time and geography) exceeds 2.0× the implied depreciable basis after subtracting the baseline land, the engine applies a premium land floor (~50%) to keep the study within audit-defensible territory. This typically affects ultra-premium resort inventory (ski-in/ski-out, beachfront, view-premium properties), where land scarcity premium dominates the purchase price. The per-fixture table above shows the actual land_source used by the engine for each fixture, values of statistical_premium_floor indicate the premium-floor mechanism was applied.

The takeaway: typical neighborhood allocations describe the market baseline. Individual property results depend on specific reconstruction-cost-vs-purchase-price ratios, and ultra-premium product may show higher land allocation in the engine output than the neighborhood typical.

Florida tax context

Florida state position on §168(k) bonus depreciation:

Florida has no state individual income tax, federal §168(k) bonus depreciation under OBBBA's restored 100% is the entire tax story for Naples investors. No state addback, no decoupling. The 6% Florida sales tax plus 5% Collier County tourist development tax apply to short-term rental income but don't affect the federal income tax calculation cost segregation changes.

State income tax structure: No state individual income tax

Verify with your CPA. State tax conformity for federal §168(k) is adjusted frequently. Framing reflects our understanding as of May 2026, verify current-year treatment with a qualified tax professional.

Methodology

Every figure on this page is reproducible. The pipeline:

  1. Fixture definition. 5 Naples-area properties defined in cities/naples.json under the engine_fixtures array, each with address, property type, purchase price, year built, square footage, and STR/LTR flag.
  2. Engine run. The script scripts/run_city_stats.py instantiates a PropertyInput for each fixture and calls engine.run_study(), the same path that produces a real customer study.
  3. Base costs. industry-standard 2026 construction-cost data by component category, applied as base-rate per square foot.
  4. Time index. BLS Producer Price Index (Construction Materials series WPUFD49207) adjusts industry-standard 2026 dollars to acquisition-date dollars.
  5. Geographic factor. Six-tier resolver: pinned metros → calibrated → manual → state → region → national default.
  6. Land allocation. County assessor records when reliability gate passes; statistical fallback (metro → state → national medians) otherwise. Premium floor applies when reconciliation factor (rf_raw) exceeds 2.0.
  7. MACRS classification. IRS Pub. 946 + Rev. Proc. 87-56 asset class lives, 5-year (personal property), 7-year (office equipment), 15-year (land improvements), 27.5-year (residential structure), 39-year (commercial structure).
  8. Bonus depreciation. 100%, the One Big Beautiful Bill Act (OBBBA, signed July 2025) permanently restored 100% bonus for property placed in service in 2025 and later.
  9. Federal tax savings illustration. Computed at the 37% top marginal bracket. Actual savings vary by taxpayer; consult your CPA.

For full methodology details including QC validation, reconciliation logic, and audit-defense documentation, see costsegsmart.com/methodology.

Citation

This dataset is licensed under the Creative Commons Attribution 4.0 International License. You may republish, remix, or extend this data for any purpose with attribution. Suggested citation format:

Cost Seg Smart Research Team. (2026). "Naples, FL Cost Segregation Benchmarks 2026." Cost Seg Smart. 5 representative fixtures.
Retrieved from https://naplescostseg.com/data/naples-cost-seg-stats/

For interview requests, additional data slices, or related questions: [email protected].

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