408 Broad Ave S Unit H408 · Naples, FL 34102

$525,000

2 bd · 2.0 ba · 890 sqft · Condo public records · 116 Days on market

Built 1969 $632/mo HOA · 12% of rent

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.6/30.0
• ARV discount +7.5/15.0
• Appreciation +7.0/10.0
• Schools +5.0/10.0
• DSCR +4.8/10.0
• 1% rule +4.7/10.0
• Rent growth +4.7/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Drop Dead GORGEOUS condo for your most discriminating Buyer. New barely lived-in, turn key with desirable first floor convenience - no stairs or elevator to navigate. Superior location in the heart of the Historic District, views and private garden patio area. Condo has been professionally remodeled from top to bottom and designer decorated with the finest furnishings and accessories included. Beautiful KraftMaid kitchen cabinets, under counter lighting, stainless steel appliances, counter depth refrigerator, full granite counters and backsplashes. High impact windows, sliders and wood shutters at all openings. Italian custom marble top vanities, bronze bathroom faucets, exclusive 3 piece custom porcelain tile floors, all wood crown, casing and base moldings, washer and dryer hook-ups in the master bedroom walk-in closet for future use. New cast iron tub, Toto toilets. New A/C and compressor installed in 2013, 40" Toshiba TV. Oven, dishwasher, guest bedroom and bath have never been used and it is evident. All this and only 1 block to Third Street shops and a short walk to the beach and Naples Pier. Active community center, pool and clubhouse close by. THIS ONE IS A MUST SEE!

Key facts

• First-floor condo
• Fresh interior paint
• Prime location

Tags

• FIRST-FLOOR CONDO
• BRAND-NEW HVAC SYSTEM
• NEW WINDOWS AND DOORS
• FRESH INTERIOR PAINT
• PRIME LOCATION
• UNBEATABLE WALKABILITY

Property features AI

Finance

• Other: 350 units in complex; 42 units in building; 1 unit per floor; 1 total floor; Subdivision/Condo: HERON CLUB (sub-condo name); Directions available for guest parking and covered golf cart spot
• HOA & community: Mandatory HOA with professional management; Quarterly HOA fee; Master association fee included in maintenance; HOA covers water, sewer, trash removal, exterior and interior pest control; Community amenities: BBQ/picnic, bike storage, bocce court, business center, clubhouse, common laundry, community pool, community room, extra storage, hobby room, internet access, library, sidewalks, streetlights; Non-gated community; Total annual recurring fees $7,584

Exterior

• Parking: 1 assigned covered parking; Detached 1-car carport
• Security: Storm protection with impact resistant doors and windows
• Utilities: Central water; Central sewer; Cable available
• Home design: Residential property; Low-rise (1-3) building; 1 story / Ranch; Rear exposure facing north; Part of Village Green / VILLAGE GREEN development; Built in 1969
• Construction: Concrete block construction; Built-up or flat roof
• Exterior features: Concrete private pool; Impact resistant windows; Impact resistant doors; Stucco exterior; Central irrigation; City view; Regular lot; condo documents for dimensions; Limited number of vehicles allowed

Interior

• Kitchen: Electric cooktop; Dishwasher; Refrigerator/Freezer
• Bedrooms: 2 bedrooms; Primary on ground floor; First-floor bedroom
• Flooring: Tile
• Bathrooms: 2 full bathrooms; Primary bath with shower only
• Heating & cooling: Central electric heat; Central electric cooling; Heat pump
• Interior features: Walk-in closet; Dining area open to living (Dining/Living); Courtyard floor plan; Common elevator; 2 ceiling fans; Unfurnished
• Laundry & utility: Laundry in residence; Washer/dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $525k.

Deal economics

• At list price, monthly cash flow is $-206 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $489k (6.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $510k (2.8% below list).
• Recommended offer: $478k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 80/100 on livability (#126 in FL, #1,903 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, employment A+; Watch: commute D+, cost of living F.
• Collier (suburban): math 60% / reading 56% proficiency, ranked #16 of 73 in FL (top 22%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Lake Park Elementary School (math 76% / reading 77%, grade A, #185 of 2,144 statewide, top 9%, 502 students, 39% FRL); Gulfview Middle School (math 78% / reading 68%, grade A, #44 of 571 statewide, top 8%, 582 students, 40% FRL); Naples High School (math 47% / reading 52%, grade D, #179 of 667 statewide, top 29%, 1,719 students, 39% FRL) — zoned schools average 39% FRL vs 55% district-wide (16 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+8.8%/yr); 616 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 3,520 units permitted in Collier County in 2024 (959 in 5+ unit buildings).
• At $5,101/mo this rent would consume 47% of the median local household income ($131k/yr) (locally 333% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $25k of equity ($4k loan paydown + $21k appreciation (4.1% local appreciation)).
• Collier County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 116 days — a 9% lower offer ($478k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 17y ago; this cycle's ask has dropped $125k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $410k; 28% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $477,750 (9.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 116 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
3. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.97% ✗
• Cap rate: 6.80%
• Cash-on-cash: 1.80%
• DSCR: 1.08
• GRM: 8.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

4.08% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 11.8%
• Equity multiple: 1.74×
• Total profit: $108,264
• Equity at exit: $268,749

10-year hold

• IRR: 15.8%
• Equity multiple: 3.85×
• Total profit: $418,457
• Equity at exit: $441,620

Cash invested: $147,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 34102

• Home prices YoY: 1.3%
• Rents YoY: 8.8%
• Active inventory: 616
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $5,101 medium
• Mortgage (P&I): −$2,753
• Tax from tax record: −$205 /mo · $2,460/yr
• Insurance: −$219
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$632
• Vacancy / Maint / Mgmt: −$1,071
• Net cashflow: $-206

Break-even live

Break-even rent $5,361

Max offer price $488,635

Occupancy floor 99%

Sensitivity live

Price	-10% $91	-5% $-57	+0% $-206	+5% $-354	+10% $-503
Rent	-10% $-609	-5% $-407	+0% $-206	+5% $-4	+10% $197
Rate	-1.0pp $59	-0.5pp $-72	base $-206	+0.5pp $-342	+1.0pp $-480

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $131,250
• Closing costs: $15,750
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
404 Broad Ave S Unit H404 Naples, FL	2.0	2.0	890	$9,995	$11.23	25d	1	0.02mi
421 12th Ave S Unit A1 Naples, FL	2.0	1.0	760	$6,400	$8.42	15d	1	0.03mi
473 12th Ave S Naples, FL	1.0–2.0	1.0–2.0	700	$7,200	$10.29	25d	2	0.04mi
546 Broad Ave S #546 Naples, FL	2.0	2.0	890	$4,800	$5.39	25d	1	0.09mi
609 12th Ave S #609 Naples, FL	2.0	2.0	860	$8,000	$9.30	25d	1	0.18mi
636 Broad Ave S Unit 1259386P Naples, FL	2.0	2.0	882	$4,307	$4.88	15d	1	0.18mi
940 3rd St S Naples, FL	1.0–2.0	1.0–2.0	870	$3,995	$4.59	25d	2	0.28mi
1295 Gulf Shore Blvd S #218 Naples, FL	2.0	2.0	662	$10,479	$15.83	25d	1	0.29mi
960 7th St S #103 Naples, FL	1.0	1.0	534	$5,000	$9.36	25d	1	0.30mi
351 8th Ave S #351 Naples, FL	2.0	2.0	930	$4,000	$4.30	25d	1	0.38mi
291 8th Ave S Unit 291A Naples, FL	1.0	1.0	550	$3,900	$7.09	25d	1	0.39mi
250 7th Ave S #301 Naples, FL	2.0	2.0	1000	$10,000	$10.00	25d	1	0.43mi
666 3rd St S Naples, FL	1.0–2.0	1.0–2.0	932	$8,000	$8.58	15d	2	0.46mi
365 5th Ave S #303 Naples, FL	2.0	2.0	1090	$13,000	$11.93	25d	1	0.58mi
950 7th Ave S #23 Naples, FL	1.0	1.0	631	$3,250	$5.15	15d	1	0.60mi
980 7th Ave S Naples, FL	1.0	1.0	540	$7,500	$13.89	25d	2	0.61mi
480 5th St S #102 Naples, FL	1.0	1.0	600	$6,500	$10.83	25d	1	0.62mi
540 4th Ave S #13 Naples, FL	1.0	1.0	580	$5,000	$8.62	25d	1	0.62mi
388 4th Ave S #388 Naples, FL	2.0	2.0	965	$13,000	$13.47	25d	1	0.63mi
175 5th Ave S Naples, FL	2.0	2.0	732	$14,000	$19.13	25d	2	0.63mi
296 4th Ave S #296 Naples, FL	2.0	2.5	1120	$2,950	$2.63	22d	1	0.64mi
1100 8th Ave S Naples, FL	2.0	2.0	1218	$9,000	$7.39	15d	5	0.67mi
230 3rd Ave S #4 Naples, FL	2.0	2.5	978	$12,000	$12.27	25d	1	0.72mi
290 4th St S #202 Naples, FL	2.0	2.0	1058	$10,000	$9.45	25d	1	0.74mi
286 4th St S #203 Naples, FL	2.0	2.0	1058	$10,000	$9.45	25d	1	0.74mi
284 4th St S #103 Naples, FL	2.0	2.0	979	$9,000	$9.19	25d	1	0.74mi
282 4th St S Naples, FL	2.0	2.0	1058	$11,000	$10.40	25d	1	0.74mi
1360 Chesapeake Ave Unit 1372 Naples, FL	1.0	1.0	600	$1,850	$3.08	25d	1	0.82mi
805 River Point Dr Unit 307C Naples, FL	1.0	1.0	816	$2,700	$3.31	25d	1	0.84mi
803 River Point Dr Unit 201B Naples, FL	1.0	1.0	715	$2,300	$3.22	25d	1	0.86mi
801 River Point Dr Unit 303A Naples, FL	1.0	1.0	815	$5,000	$6.13	22d	1	0.87mi
1395 Curlew Ave Unit 4-3 Naples, FL	2.0	2.0	975	$7,000	$7.18	25d	1	0.87mi
1435 Curlew Ave #1 Naples, FL	2.0	2.0	975	$2,850	$2.92	25d	1	0.91mi
1435 Curlew Ave #1 Naples, FL	2.0	2.0	975	$2,850	$2.92	22d	1	0.91mi
101 8th St S Naples, FL	1.0	1.0–2.0	940	$12,600	$13.40	25d	4	0.91mi
101 8th St S Naples, FL	1.0	1.0–2.0	940	$12,600	$13.40	15d	4	0.91mi
1555 Blue Point Ave Unit 3 Naples, FL	2.0	2.0	1025	$1,745	$1.70	15d	1	0.95mi
766 Central Ave Naples, FL	2.0–3.0	2.0	855	$6,300	$7.37	22d	3	0.95mi
766 Central Ave Naples, FL	2.0–3.0	2.0	943	$5,000	$5.30	15d	4	0.95mi
450 Bayfront Pl Naples, FL	1.0–3.0	1.0–2.5	1324	$8,750	$6.61	25d	6	0.96mi

HOA detail condo

• Monthly dues: $632 · $7,584/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 42 events

1. 2026-06-21
   days on market $525,000 Active 116 DOM
2. 2026-06-18
   days on market $525,000 Active 113 DOM
3. 2026-06-17
   days on market $525,000 Active 112 DOM
4. 2026-06-16
   days on market $525,000 Active 111 DOM
5. 2026-06-15
   days on market $525,000 Active 110 DOM
6. 2026-06-14
   pricedays on market $525,000 Active 108 DOM
7. 2026-06-10
   days on market $550,000 Active 105 DOM
8. 2026-06-09
   days on market $550,000 Active 104 DOM
9. 2026-06-08
   days on market $550,000 Active 103 DOM
10. 2026-06-07
    days on market $550,000 Active 102 DOM
11. 2026-06-03
    days on market $550,000 Active 98 DOM
12. 2026-06-02
    days on market $550,000 Active 97 DOM
13. 2026-06-01
    days on market $550,000 Active 96 DOM
14. 2026-05-31
    days on market $550,000 Active 95 DOM
15. 2026-05-30
    days on market $550,000 Active 94 DOM
16. 2026-04-22
    price $550,000
17. 2026-03-20
    price $595,000
18. 2026-02-25
    listed $650,000 Active
19. 2020-10-01
    soldstatus $410,000
20. 2015-10-01
    price $410,000 1198-char remark

    Show marketing remark (1198 chars)

    Drop Dead GORGEOUS condo for your most discriminating Buyer. New barely lived-in, turn key with desirable first floor convenience - no stairs or elevator to navigate. Superior location in the heart of the Historic District, views and private garden patio area. Condo has been professionally remodeled from top to bottom and designer decorated with the finest furnishings and accessories included. Beautiful KraftMaid kitchen cabinets, under counter lighting, stainless steel appliances, counter depth refrigerator, full granite counters and backsplashes. High impact windows, sliders and wood shutters at all openings. Italian custom marble top vanities, bronze bathroom faucets, exclusive 3 piece custom porcelain tile floors, all wood crown, casing and base moldings, washer and dryer hook-ups in the master bedroom walk-in closet for future use. New cast iron tub, Toto toilets. New A/C and compressor installed in 2013, 40" Toshiba TV. Oven, dishwasher, guest bedroom and bath have never been used and it is evident. All this and only 1 block to Third Street shops and a short walk to the beach and Naples Pier. Active community center, pool and clubhouse close by. THIS ONE IS A MUST SEE!

21. 2015-10-01
    soldstatus $410,000

    Show marketing remark (1198 chars)

    Drop Dead GORGEOUS condo for your most discriminating Buyer. New barely lived-in, turn key with desirable first floor convenience - no stairs or elevator to navigate. Superior location in the heart of the Historic District, views and private garden patio area. Condo has been professionally remodeled from top to bottom and designer decorated with the finest furnishings and accessories included. Beautiful KraftMaid kitchen cabinets, under counter lighting, stainless steel appliances, counter depth refrigerator, full granite counters and backsplashes. High impact windows, sliders and wood shutters at all openings. Italian custom marble top vanities, bronze bathroom faucets, exclusive 3 piece custom porcelain tile floors, all wood crown, casing and base moldings, washer and dryer hook-ups in the master bedroom walk-in closet for future use. New cast iron tub, Toto toilets. New A/C and compressor installed in 2013, 40" Toshiba TV. Oven, dishwasher, guest bedroom and bath have never been used and it is evident. All this and only 1 block to Third Street shops and a short walk to the beach and Naples Pier. Active community center, pool and clubhouse close by. THIS ONE IS A MUST SEE!

22. 2015-09-30
    soldstatus $410,000 Sold 1198-char remark

    Show marketing remark (1198 chars)

    Drop Dead GORGEOUS condo for your most discriminating Buyer. New barely lived-in, turn key with desirable first floor convenience - no stairs or elevator to navigate. Superior location in the heart of the Historic District, views and private garden patio area. Condo has been professionally remodeled from top to bottom and designer decorated with the finest furnishings and accessories included. Beautiful KraftMaid kitchen cabinets, under counter lighting, stainless steel appliances, counter depth refrigerator, full granite counters and backsplashes. High impact windows, sliders and wood shutters at all openings. Italian custom marble top vanities, bronze bathroom faucets, exclusive 3 piece custom porcelain tile floors, all wood crown, casing and base moldings, washer and dryer hook-ups in the master bedroom walk-in closet for future use. New cast iron tub, Toto toilets. New A/C and compressor installed in 2013, 40" Toshiba TV. Oven, dishwasher, guest bedroom and bath have never been used and it is evident. All this and only 1 block to Third Street shops and a short walk to the beach and Naples Pier. Active community center, pool and clubhouse close by. THIS ONE IS A MUST SEE!

23. 2015-08-31
    price $419,000 1198-char remark

    Show marketing remark (1198 chars)

    Drop Dead GORGEOUS condo for your most discriminating Buyer. New barely lived-in, turn key with desirable first floor convenience - no stairs or elevator to navigate. Superior location in the heart of the Historic District, views and private garden patio area. Condo has been professionally remodeled from top to bottom and designer decorated with the finest furnishings and accessories included. Beautiful KraftMaid kitchen cabinets, under counter lighting, stainless steel appliances, counter depth refrigerator, full granite counters and backsplashes. High impact windows, sliders and wood shutters at all openings. Italian custom marble top vanities, bronze bathroom faucets, exclusive 3 piece custom porcelain tile floors, all wood crown, casing and base moldings, washer and dryer hook-ups in the master bedroom walk-in closet for future use. New cast iron tub, Toto toilets. New A/C and compressor installed in 2013, 40" Toshiba TV. Oven, dishwasher, guest bedroom and bath have never been used and it is evident. All this and only 1 block to Third Street shops and a short walk to the beach and Naples Pier. Active community center, pool and clubhouse close by. THIS ONE IS A MUST SEE!

24. 2015-08-31
    historical 1198-char remark

    Show marketing remark (1198 chars)

    Drop Dead GORGEOUS condo for your most discriminating Buyer. New barely lived-in, turn key with desirable first floor convenience - no stairs or elevator to navigate. Superior location in the heart of the Historic District, views and private garden patio area. Condo has been professionally remodeled from top to bottom and designer decorated with the finest furnishings and accessories included. Beautiful KraftMaid kitchen cabinets, under counter lighting, stainless steel appliances, counter depth refrigerator, full granite counters and backsplashes. High impact windows, sliders and wood shutters at all openings. Italian custom marble top vanities, bronze bathroom faucets, exclusive 3 piece custom porcelain tile floors, all wood crown, casing and base moldings, washer and dryer hook-ups in the master bedroom walk-in closet for future use. New cast iron tub, Toto toilets. New A/C and compressor installed in 2013, 40" Toshiba TV. Oven, dishwasher, guest bedroom and bath have never been used and it is evident. All this and only 1 block to Third Street shops and a short walk to the beach and Naples Pier. Active community center, pool and clubhouse close by. THIS ONE IS A MUST SEE!

25. 2015-07-15
    price $419,000 1198-char remark

    Show marketing remark (1198 chars)

    Drop Dead GORGEOUS condo for your most discriminating Buyer. New barely lived-in, turn key with desirable first floor convenience - no stairs or elevator to navigate. Superior location in the heart of the Historic District, views and private garden patio area. Condo has been professionally remodeled from top to bottom and designer decorated with the finest furnishings and accessories included. Beautiful KraftMaid kitchen cabinets, under counter lighting, stainless steel appliances, counter depth refrigerator, full granite counters and backsplashes. High impact windows, sliders and wood shutters at all openings. Italian custom marble top vanities, bronze bathroom faucets, exclusive 3 piece custom porcelain tile floors, all wood crown, casing and base moldings, washer and dryer hook-ups in the master bedroom walk-in closet for future use. New cast iron tub, Toto toilets. New A/C and compressor installed in 2013, 40" Toshiba TV. Oven, dishwasher, guest bedroom and bath have never been used and it is evident. All this and only 1 block to Third Street shops and a short walk to the beach and Naples Pier. Active community center, pool and clubhouse close by. THIS ONE IS A MUST SEE!

26. 2015-06-16
    price $429,000 1198-char remark

    Show marketing remark (1198 chars)

    Drop Dead GORGEOUS condo for your most discriminating Buyer. New barely lived-in, turn key with desirable first floor convenience - no stairs or elevator to navigate. Superior location in the heart of the Historic District, views and private garden patio area. Condo has been professionally remodeled from top to bottom and designer decorated with the finest furnishings and accessories included. Beautiful KraftMaid kitchen cabinets, under counter lighting, stainless steel appliances, counter depth refrigerator, full granite counters and backsplashes. High impact windows, sliders and wood shutters at all openings. Italian custom marble top vanities, bronze bathroom faucets, exclusive 3 piece custom porcelain tile floors, all wood crown, casing and base moldings, washer and dryer hook-ups in the master bedroom walk-in closet for future use. New cast iron tub, Toto toilets. New A/C and compressor installed in 2013, 40" Toshiba TV. Oven, dishwasher, guest bedroom and bath have never been used and it is evident. All this and only 1 block to Third Street shops and a short walk to the beach and Naples Pier. Active community center, pool and clubhouse close by. THIS ONE IS A MUST SEE!

27. 2015-05-09
    price $434,000 1198-char remark

    Show marketing remark (1198 chars)

    Drop Dead GORGEOUS condo for your most discriminating Buyer. New barely lived-in, turn key with desirable first floor convenience - no stairs or elevator to navigate. Superior location in the heart of the Historic District, views and private garden patio area. Condo has been professionally remodeled from top to bottom and designer decorated with the finest furnishings and accessories included. Beautiful KraftMaid kitchen cabinets, under counter lighting, stainless steel appliances, counter depth refrigerator, full granite counters and backsplashes. High impact windows, sliders and wood shutters at all openings. Italian custom marble top vanities, bronze bathroom faucets, exclusive 3 piece custom porcelain tile floors, all wood crown, casing and base moldings, washer and dryer hook-ups in the master bedroom walk-in closet for future use. New cast iron tub, Toto toilets. New A/C and compressor installed in 2013, 40" Toshiba TV. Oven, dishwasher, guest bedroom and bath have never been used and it is evident. All this and only 1 block to Third Street shops and a short walk to the beach and Naples Pier. Active community center, pool and clubhouse close by. THIS ONE IS A MUST SEE!

28. 2015-04-28
    price $439,000 1198-char remark

    Show marketing remark (1198 chars)

    Drop Dead GORGEOUS condo for your most discriminating Buyer. New barely lived-in, turn key with desirable first floor convenience - no stairs or elevator to navigate. Superior location in the heart of the Historic District, views and private garden patio area. Condo has been professionally remodeled from top to bottom and designer decorated with the finest furnishings and accessories included. Beautiful KraftMaid kitchen cabinets, under counter lighting, stainless steel appliances, counter depth refrigerator, full granite counters and backsplashes. High impact windows, sliders and wood shutters at all openings. Italian custom marble top vanities, bronze bathroom faucets, exclusive 3 piece custom porcelain tile floors, all wood crown, casing and base moldings, washer and dryer hook-ups in the master bedroom walk-in closet for future use. New cast iron tub, Toto toilets. New A/C and compressor installed in 2013, 40" Toshiba TV. Oven, dishwasher, guest bedroom and bath have never been used and it is evident. All this and only 1 block to Third Street shops and a short walk to the beach and Naples Pier. Active community center, pool and clubhouse close by. THIS ONE IS A MUST SEE!

29. 2015-04-06
    listed $449,000 Active 1198-char remark

    Show marketing remark (1198 chars)

    Drop Dead GORGEOUS condo for your most discriminating Buyer. New barely lived-in, turn key with desirable first floor convenience - no stairs or elevator to navigate. Superior location in the heart of the Historic District, views and private garden patio area. Condo has been professionally remodeled from top to bottom and designer decorated with the finest furnishings and accessories included. Beautiful KraftMaid kitchen cabinets, under counter lighting, stainless steel appliances, counter depth refrigerator, full granite counters and backsplashes. High impact windows, sliders and wood shutters at all openings. Italian custom marble top vanities, bronze bathroom faucets, exclusive 3 piece custom porcelain tile floors, all wood crown, casing and base moldings, washer and dryer hook-ups in the master bedroom walk-in closet for future use. New cast iron tub, Toto toilets. New A/C and compressor installed in 2013, 40" Toshiba TV. Oven, dishwasher, guest bedroom and bath have never been used and it is evident. All this and only 1 block to Third Street shops and a short walk to the beach and Naples Pier. Active community center, pool and clubhouse close by. THIS ONE IS A MUST SEE!

30. 2014-02-21
    historical
31. 2014-01-27
    listed $369,000
32. 2012-01-12
    listed $359,000
33. 2012-01-11
    historical
34. 2011-10-31
    listed $349,000
35. 2011-10-31
    historical
36. 2011-08-21
    listed $329,000
37. 2011-01-05
    listed $329,000
38. 2010-11-15
    historical
39. 2010-04-05
    listed $309,000
40. 2010-03-31
    historical
41. 2009-05-03
    listed $339,000
42. 2008-09-02
    soldstatus $230,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,460 · $205/mo
• Projected year-2 tax: $4,358 · $363/mo
• Expected delta: +$1,898/yr (+$158/mo · 77.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $61,209
• − Mortgage interest: −$29,408
• − Property taxes: −$2,460
• − Insurance: −$7,744
• − Repairs & maintenance: −$4,897
• − Management: −$4,897
• − HOA: −$7,584
• − Depreciation: −$15,273
• Taxable loss: −$11,053
• Est. tax savings @ 24.0%: +$2,653
• After-tax cash flow: $182/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Collier
• NCES district ID: 1200330
• Math proficiency: 60% ▼ -4.00%
• Reading proficiency: 56% ▼ -2.00%
• Median HH income: $58,275
• Composite: 50.23/100
• National rank: #1892
• State rank: #16 of 73 in FL

Livability — Naples

• Score: 80/100
• State rank: #126
• US rank: #1903

Category grades

Amenities A+ Commute D+ Cost of living F Crime A+ Employment A+ Housing C+ Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Naples, FL
• County: Collier County · 396,295 people
• City population: 344,941
• Metro: Naples-Marco Island, FL
• Population (ZIP): 11,179
• Household income: $130,929
• Rent vs Own: 24.1% rent · 75.9% own
• Severe rent burden: 333.0

Population outlook (Collier County) Hauer SSP2

• Today (2025): 420,858 people
• By 2030: 450,054 · +6.9%
• By 2040: 502,232 · +19.3%
• By 2050: 544,932 · +29.5%
• By 2075: 627,203 · +49.0%
• By 2100: 659,015 · +56.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 9% Two or more races 8% Black 8% Asian 1%
• Hispanic origin (detail): Cuban 6%
• Common ancestry: Hispanic 4% Lithuanian 4% Romanian 4%
• Foreign-born: 17% · Canada, China
• Languages at home: 87% English-only · Spanish 7% French/Haitian/Cajun 4% German/W. Germanic 1%

Political lean MEDSL · Collier

• 2024 margin: Solid R (+33.1) · D 33.1% · R 66.2%
• 2008→2024 swing: -10.6pp toward R · 2008: -22.5pp · 2024: -33.1pp
• All cycles: 2024: R+33.1 2020: R+24.7 2016: R+26.0 2012: R+30.1 2008: R+22.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.08%
• Current HPI: 328.2755
• Rent YoY: ▲ 8.75%
• Metro: Naples-Marco Island, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+139.1% since first listed

27 events — show timeline

• 2026-04-22 Price Changed $550,000 NAPLESMLS
• 2026-03-20 Price Changed $595,000 NAPLESMLS
• 2026-02-25 Listed $650,000 NAPLESMLS
• 2020-10-01 Sold (Public Records) $410,000 Public Records
• 2015-10-01 Price Changed $410,000 NAPLESMLS
• 2015-10-01 Sold (Public Records) $410,000 Public Records
• 2015-09-30 Sold (MLS) $410,000 NAPLESMLS
• 2015-08-31 Listing Removed — NAPLESMLS
• 2015-08-31 Price Changed $419,000 NAPLESMLS
• 2015-07-15 Price Changed $419,000 NAPLESMLS
• 2015-06-16 Price Changed $429,000 NAPLESMLS
• 2015-05-09 Price Changed $434,000 NAPLESMLS
• 2015-04-28 Price Changed $439,000 NAPLESMLS
• 2015-04-06 Listed $449,000 NAPLESMLS
• 2014-02-21 Listing Removed — NAPLESMLS
• 2014-01-27 Listed $369,000 NAPLESMLS
• 2012-01-12 Listed $359,000 NAPLESMLS
• 2012-01-11 Listing Removed — NAPLESMLS
• 2011-10-31 Listing Removed — NAPLESMLS
• 2011-10-31 Listed $349,000 NAPLESMLS
• 2011-08-21 Listed $329,000 NAPLESMLS
• 2011-01-05 Listed $329,000 NAPLESMLS
• 2010-11-15 Listing Removed — NAPLESMLS
• 2010-04-05 Listed $309,000 NAPLESMLS
• 2010-03-31 Listing Removed — NAPLESMLS
• 2009-05-03 Listed $339,000 NAPLESMLS
• 2008-09-02 Sold (Public Records) $230,000 Public Records

Property tax history

+5.4%/yr

Latest (2025): $2,460 · +2.5% YoY. Source: county tax records.