12 Watercolor Way #12 · Lely, FL 34113

$189,999

3 bd · 2.0 ba · 1,121 sqft · Condo public records · 100 Days on market

Built 1974 $779/mo HOA · 16% of rent

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Rent growth +3.9/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3 bedrooms, 2 baths updated condominium conveniently located on the first floor in the central, low density community of Four Fountains. Tile throughout, crown molding, spacious family room with a cozy fireplace to add a welcoming touch. Kitchen offers plenty of cabinets and granite counter tops. The bright Master bedroom features a motorized split King bed for maximum comfort along with a walk-in closet and walk-in shower. Second guest suite with private bathroom and pocket doors. 3rd bedroom guarantees natural light all day long through the skylight window. The screened lanai is the ideal setting to savor your favorite beverage or meal, play cards or simply relax. The outdoor patio surrounded by greenery, offers a relaxing atmosphere to catch the sun, read your favorite book, listen to the birds or to simply enjoy the sounds of nature. Private enclosed garage and laundry in residence adds to the charm of this lovely condominium. Roof replaced in 2018. 2026 A/C unit and 2024 Water Heater. Brand new roof, pool, shuffleboard and tennis courts. Great location, close to shops, restaurants, and a short drive to downtown Naples and Marco Beaches.

Key facts

• Plenty of cabinets
• First floor
• Cozy fireplace

Tags

• FIRST FLOOR
• SPACIOUS FAMILY ROOM
• COZY FIREPLACE
• PLENTY OF CABINETS
• GRANITE COUNTER TOPS
• MOTORIZED SPLIT KING BED

Property features AI

Finance

• Other: One-time fees apply
• Financial info: Monthly special assessment fee
• HOA & community: Quarterly condo fee; Professional management; Community pool, tennis court, and shuffleboard; Lawn and land maintenance, pest control (exterior), trash removal, recreation facilities, legal/accounting, manager included in maintenance; Non-gated community; Total annual recurring fees listed

Exterior

• Parking: Deeded parking; Attached 1-car garage
• Security: Manual storm shutters
• Utilities: Central water; Central sewer; Cable available
• Home design: Residential low-rise (1-3) building; 2-story building; Rear exposure to the south; Part of LELY development (Four Fountains sub-condo), Unit 12
• Construction: Concrete block construction; Stucco exterior; Built-up or flat roof; Built in 1974
• Exterior features: Patio; Skylight and sliding windows; Manual storm shutters; Central irrigation; Landscaped and wooded views; No canal

Interior

• Kitchen: Cooktop (electric); Range; Microwave; Dishwasher; Refrigerator
• Bedrooms: 3 bedrooms (split bedroom floor plan)
• Flooring: Tile
• Bathrooms: 2 full bathrooms; Master bath with shower only
• Heating & cooling: Central electric heat; Central electric cooling; Ceiling fans
• Interior features: Custom mirrors; High-speed internet available; Smoke detectors; Walk-in closet; Window coverings; Dome kitchen; Breakfast bar and family dining area; Screened lanai/porch
• Laundry & utility: Laundry in residence; Washer; Dryer; Auto garage door

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $190k.

Deal economics

• At list price, monthly cash flow is $2k ($23k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $190k).
• Recommended offer: $173k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#586 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+; Watch: schools D+, health & safety D, amenities 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.
• Market conditions: Rents rising fast (+5.6%/yr); 597 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); solid renter incomes; 3,520 units permitted in Collier County in 2024 (959 in 5+ unit buildings).
• At $4,894/mo this rent would consume 72% of the median local household income ($82k/yr) (locally 954% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Collier County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 5.6% rent growth), your $53k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 100 days — a 9% lower offer ($173k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 12y ago; this cycle's ask has dropped $39k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $150k; 27% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $172,899 (9.0% below list)

Questions for the listing agent

1. It's been on market 100 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
9. 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.
10. 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.
11. 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: 2.58% ✓
• Cap rate: 18.69%
• Cash-on-cash: 44.29%
• DSCR: 2.97
• GRM: 3.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.59% rent growth · sell at horizon

5-year hold

• IRR: 43.2%
• Equity multiple: 2.95×
• Total profit: $103,586
• Equity at exit: $28,329

10-year hold

• IRR: 50.7%
• Equity multiple: 6.72×
• Total profit: $304,325
• Equity at exit: $16,428

Cash invested: $53,200 (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 34113

• Rents YoY: 5.6%
• Active inventory: 597
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $4,894 high
• Mortgage (P&I): −$996
• Tax from tax record: −$49 /mo · $583/yr
• Insurance: −$79
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$779
• Vacancy / Maint / Mgmt: −$1,028
• Net cashflow: $1,897

Break-even live

Break-even rent $2,493

Max offer price $189,999

Occupancy floor 56%

Sensitivity live

Price	-10% $2,004	-5% $1,951	+0% $1,897	+5% $1,843	+10% $1,789
Rent	-10% $1,510	-5% $1,704	+0% $1,897	+5% $2,090	+10% $2,284
Rate	-1.0pp $1,993	-0.5pp $1,945	base $1,897	+0.5pp $1,848	+1.0pp $1,798

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: $47,500
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
326 Bradstrom Cir Unit 103F Naples, FL	2.0	2.0	1113	$1,800	$1.62	24d	1	0.07mi
326 Bradstrom Cir Unit 204F Naples, FL	3.0	2.0	1200	$3,500	$2.92	24d	1	0.07mi
332 Bradstrom Cir #201 Naples, FL	2.0	2.0	1257	$2,200	$1.75	24d	1	0.08mi
5293 Dixie Dr Unit 1546039P Naples, FL	2.0	2.0	1130	$1,561	$1.38	14d	1	0.10mi
248 Pebble Beach Cir Unit G201 Naples, FL	2.0	2.0	1163	$2,300	$1.98	24d	1	0.15mi
315 Saint Andrews Blvd Unit A25 Naples, FL	2.0	2.0	1126	$1,530	$1.36	24d	1	0.16mi
452 Bristle Cone Ln #27 Naples, FL	2.0	2.0	1129	$2,000	$1.77	24d	1	0.24mi
7124 Saona Ct Naples, FL	2.0	2.0	1387	$8,000	$5.77	24d	1	0.48mi
6984 Saona Ct Naples, FL	2.0	2.0	1472	$7,500	$5.10	24d	1	0.50mi
7162 Saona Ct Naples, FL	2.0	2.0	1482	$9,000	$6.07	24d	1	0.51mi
7110 Cayo Coco Ln Naples, FL	2.0	2.0	1387	$9,250	$6.67	24d	1	0.53mi
7197 Saona Ct Unit 1545994P Naples, FL	2.0	2.0	1291	$4,152	$3.22	14d	1	0.53mi
7213 Saona Ct Naples, FL	2.0	2.0	1308	$7,500	$5.73	24d	1	0.55mi
7138 Cayo Coco Ln Naples, FL	2.0	2.0	1205	$6,500	$5.39	24d	1	0.55mi
7142 Cayo Coco Ln Naples, FL	2.0	2.0	1490	$10,000	$6.71	24d	1	0.55mi
520 Augusta Blvd Unit B204 Naples, FL	3.0	2.0	1294	$2,200	$1.70	24d	1	0.57mi
7242 Saona Ct Naples, FL	2.0	2.0	1204	$7,750	$6.44	24d	1	0.58mi
7289 Saona Ct Naples, FL	2.0	2.0	1411	$10,000	$7.09	24d	1	0.61mi
7204 Cayo Coco Ln Naples, FL	2.0	2.0	1308	$7,500	$5.73	24d	1	0.61mi
265 Deerwood Cir Naples, FL	2.0	2.0	1179	$5,000	$4.24	24d	1	0.62mi
7286 Saona Ct Naples, FL	2.0	2.0	1205	$10,000	$8.30	24d	1	0.62mi
240 Pebble Beach Blvd #702 Naples, FL	2.0	2.0	1090	$4,000	$3.67	24d	1	0.63mi
190 Pebble Beach Blvd #301 Naples, FL	2.0	2.0	954	$1,700	$1.78	24d	1	0.64mi
7263 Cayo Coco Ln Naples, FL	2.0	2.0	1321	$6,500	$4.92	24d	1	0.67mi
413 Augusta Blvd #302 Naples, FL	2.0	2.0	1390	$5,500	$3.96	22d	1	0.68mi
7299 Cayo Coco Ln Naples, FL	2.0	2.0	1476	$6,500	$4.40	24d	1	0.68mi
7259 Cayo Coco Ln Naples, FL	2.0	2.0	1411	$6,500	$4.61	24d	1	0.68mi
232 Pebble Beach Blvd #104 Naples, FL	3.0	2.0	1298	$1,975	$1.52	24d	1	0.71mi
555 Augusta Blvd Unit 3-1 Naples, FL	2.0	2.0	1249	$4,200	$3.36	24d	1	0.75mi
575 Augusta Blvd Naples, FL	3.0	2.0	1500	$2,100	$1.40	24d	1	0.79mi
605 Augusta Blvd #14 Naples, FL	2.0	2.0	1125	$4,000	$3.56	24d	1	0.85mi
605 Augusta Blvd #4 Naples, FL	2.0	2.0	1125	$3,950	$3.51	14d	1	0.85mi
5535 Rattlesnake Hammock Rd #302 Naples, FL	2.0	2.0	1205	$2,800	$2.32	24d	1	0.87mi
5651 Rattlesnake Hammock Rd Unit C-108 Naples, FL	2.0	2.0	1054	$1,800	$1.71	24d	1	0.88mi
701 Augusta Blvd Unit 701-8 Naples, FL	2.0	2.0	1250	$4,800	$3.84	14d	1	0.88mi
5635 Rattlesnake Hammock Rd Apt 203D Naples, FL	2.0	2.0	1054	$1,700	$1.61	22d	1	0.88mi
5499 Rattlesnake Hammock Rd Naples, FL	2.0	2.0	1071	$1,775	$1.66	14d	2	0.89mi
5419 Rattlesnake Hammock Rd Unit 307F Naples, FL	2.0	2.0	1071	$1,950	$1.82	14d	1	0.90mi
705 Augusta Blvd Unit 705-5 Naples, FL	2.0	2.0	1125	$2,000	$1.78	14d	1	0.91mi
709 Augusta Blvd Unit 709-5 Naples, FL	3.0	2.0	1480	$4,000	$2.70	14d	1	0.93mi

HOA detail condo

• Monthly dues: $779 · $9,348/yr
• Likely covers: waterpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 46 events

1. 2026-06-18
   days on market $189,999 Active 100 DOM
2. 2026-06-17
   days on market $189,999 Active 99 DOM
3. 2026-06-16
   days on market $189,999 Active 98 DOM
4. 2026-06-15
   days on market $189,999 Active 97 DOM
5. 2026-06-14
   days on market $189,999 Active 95 DOM
6. 2026-06-10
   days on market $189,999 Active 92 DOM
7. 2026-06-09
   days on market $189,999 Active 91 DOM
8. 2026-06-08
   days on market $189,999 Active 90 DOM
9. 2026-06-07
   days on market $189,999 Active 89 DOM
10. 2026-06-03
    days on market $189,999 Active 85 DOM
11. 2026-06-02
    days on market $189,999 Active 84 DOM
12. 2026-06-01
    days on market $189,999 Active 83 DOM
13. 2026-05-31
    days on market $189,999 Active 82 DOM
14. 2026-05-30
    days on market $189,999 Active 81 DOM
15. 2026-05-06
    price $194,900

    Show marketing remark (1172 chars)

    Charming 3 bedrooms, 2 baths updated condominium conveniently located on the first floor in the central, low density community of Four Fountains. Tile throughout, crown molding, spacious family room with a cozy fireplace to add a welcoming touch. Kitchen offers plenty of cabinets and granite counter tops. The bright Master bedroom features a motorized split King bed for maximum comfort along with a walk-in closet and walk-in shower. Second guest suite with private bathroom and pocket doors. 3rd bedroom guarantees natural light all day long through the skylight window. The screened lanai is the ideal setting to savor your favorite beverage or meal, play cards or simply relax. The outdoor patio surrounded by greenery, offers a relaxing atmosphere to catch the sun, read your favorite book, listen to the birds or to simply enjoy the sounds of nature. Private enclosed garage and laundry in residence adds to the charm of this lovely condominium. Roof replaced in 2018. 2026 A/C unit and 2024 Water Heater. Brand new roof, pool, shuffleboard and tennis courts. Great location, close to shops, restaurants, and a short drive to downtown Naples and Marco Beaches.

16. 2026-05-06
    price $194,900 1172-char remark

    Show marketing remark (1172 chars)

    Charming 3 bedrooms, 2 baths updated condominium conveniently located on the first floor in the central, low density community of Four Fountains. Tile throughout, crown molding, spacious family room with a cozy fireplace to add a welcoming touch. Kitchen offers plenty of cabinets and granite counter tops. The bright Master bedroom features a motorized split King bed for maximum comfort along with a walk-in closet and walk-in shower. Second guest suite with private bathroom and pocket doors. 3rd bedroom guarantees natural light all day long through the skylight window. The screened lanai is the ideal setting to savor your favorite beverage or meal, play cards or simply relax. The outdoor patio surrounded by greenery, offers a relaxing atmosphere to catch the sun, read your favorite book, listen to the birds or to simply enjoy the sounds of nature. Private enclosed garage and laundry in residence adds to the charm of this lovely condominium. Roof replaced in 2018. 2026 A/C unit and 2024 Water Heater. Brand new roof, pool, shuffleboard and tennis courts. Great location, close to shops, restaurants, and a short drive to downtown Naples and Marco Beaches.

17. 2026-04-03
    price $199,900

    Show marketing remark (1172 chars)

    Charming 3 bedrooms, 2 baths updated condominium conveniently located on the first floor in the central, low density community of Four Fountains. Tile throughout, crown molding, spacious family room with a cozy fireplace to add a welcoming touch. Kitchen offers plenty of cabinets and granite counter tops. The bright Master bedroom features a motorized split King bed for maximum comfort along with a walk-in closet and walk-in shower. Second guest suite with private bathroom and pocket doors. 3rd bedroom guarantees natural light all day long through the skylight window. The screened lanai is the ideal setting to savor your favorite beverage or meal, play cards or simply relax. The outdoor patio surrounded by greenery, offers a relaxing atmosphere to catch the sun, read your favorite book, listen to the birds or to simply enjoy the sounds of nature. Private enclosed garage and laundry in residence adds to the charm of this lovely condominium. Roof replaced in 2018. 2026 A/C unit and 2024 Water Heater. Brand new roof, pool, shuffleboard and tennis courts. Great location, close to shops, restaurants, and a short drive to downtown Naples and Marco Beaches.

18. 2026-04-03
    price $199,900 1172-char remark

    Show marketing remark (1172 chars)

    Charming 3 bedrooms, 2 baths updated condominium conveniently located on the first floor in the central, low density community of Four Fountains. Tile throughout, crown molding, spacious family room with a cozy fireplace to add a welcoming touch. Kitchen offers plenty of cabinets and granite counter tops. The bright Master bedroom features a motorized split King bed for maximum comfort along with a walk-in closet and walk-in shower. Second guest suite with private bathroom and pocket doors. 3rd bedroom guarantees natural light all day long through the skylight window. The screened lanai is the ideal setting to savor your favorite beverage or meal, play cards or simply relax. The outdoor patio surrounded by greenery, offers a relaxing atmosphere to catch the sun, read your favorite book, listen to the birds or to simply enjoy the sounds of nature. Private enclosed garage and laundry in residence adds to the charm of this lovely condominium. Roof replaced in 2018. 2026 A/C unit and 2024 Water Heater. Brand new roof, pool, shuffleboard and tennis courts. Great location, close to shops, restaurants, and a short drive to downtown Naples and Marco Beaches.

19. 2026-03-23
    price $214,999
20. 2026-03-22
    price $214,999 1172-char remark

    Show marketing remark (1172 chars)

    Charming 3 bedrooms, 2 baths updated condominium conveniently located on the first floor in the central, low density community of Four Fountains. Tile throughout, crown molding, spacious family room with a cozy fireplace to add a welcoming touch. Kitchen offers plenty of cabinets and granite counter tops. The bright Master bedroom features a motorized split King bed for maximum comfort along with a walk-in closet and walk-in shower. Second guest suite with private bathroom and pocket doors. 3rd bedroom guarantees natural light all day long through the skylight window. The screened lanai is the ideal setting to savor your favorite beverage or meal, play cards or simply relax. The outdoor patio surrounded by greenery, offers a relaxing atmosphere to catch the sun, read your favorite book, listen to the birds or to simply enjoy the sounds of nature. Private enclosed garage and laundry in residence adds to the charm of this lovely condominium. Roof replaced in 2018. 2026 A/C unit and 2024 Water Heater. Brand new roof, pool, shuffleboard and tennis courts. Great location, close to shops, restaurants, and a short drive to downtown Naples and Marco Beaches.

21. 2026-03-10
    listed $229,000 Active

    Show marketing remark (1172 chars)

    Charming 3 bedrooms, 2 baths updated condominium conveniently located on the first floor in the central, low density community of Four Fountains. Tile throughout, crown molding, spacious family room with a cozy fireplace to add a welcoming touch. Kitchen offers plenty of cabinets and granite counter tops. The bright Master bedroom features a motorized split King bed for maximum comfort along with a walk-in closet and walk-in shower. Second guest suite with private bathroom and pocket doors. 3rd bedroom guarantees natural light all day long through the skylight window. The screened lanai is the ideal setting to savor your favorite beverage or meal, play cards or simply relax. The outdoor patio surrounded by greenery, offers a relaxing atmosphere to catch the sun, read your favorite book, listen to the birds or to simply enjoy the sounds of nature. Private enclosed garage and laundry in residence adds to the charm of this lovely condominium. Roof replaced in 2018. 2026 A/C unit and 2024 Water Heater. Brand new roof, pool, shuffleboard and tennis courts. Great location, close to shops, restaurants, and a short drive to downtown Naples and Marco Beaches.

22. 2026-03-10
    listed $229,000 Active 1172-char remark

    Show marketing remark (1172 chars)

    Charming 3 bedrooms, 2 baths updated condominium conveniently located on the first floor in the central, low density community of Four Fountains. Tile throughout, crown molding, spacious family room with a cozy fireplace to add a welcoming touch. Kitchen offers plenty of cabinets and granite counter tops. The bright Master bedroom features a motorized split King bed for maximum comfort along with a walk-in closet and walk-in shower. Second guest suite with private bathroom and pocket doors. 3rd bedroom guarantees natural light all day long through the skylight window. The screened lanai is the ideal setting to savor your favorite beverage or meal, play cards or simply relax. The outdoor patio surrounded by greenery, offers a relaxing atmosphere to catch the sun, read your favorite book, listen to the birds or to simply enjoy the sounds of nature. Private enclosed garage and laundry in residence adds to the charm of this lovely condominium. Roof replaced in 2018. 2026 A/C unit and 2024 Water Heater. Brand new roof, pool, shuffleboard and tennis courts. Great location, close to shops, restaurants, and a short drive to downtown Naples and Marco Beaches.

23. 2018-04-04
    soldstatus $150,000
24. 2018-03-30
    soldstatus $150,000 Sold 419-char remark

    Show marketing remark (419 chars)

    Wow - a gorgeous 2 BR + den condo with a 1 car attached garage at this price!! This spacious condo has been well maintained and has many updates including granite counters, wood cabinets in kitchen, upgraded tile and so much more! Four Fountains residents enjoy a clubhouse, pool, pool table, tennis courts, pickle ball and shuffleboard. Great location - just minutes to downtown Naples and the award winning beaches.

25. 2018-02-20
    status Pending With Contingencies 419-char remark

    Show marketing remark (419 chars)

    Wow - a gorgeous 2 BR + den condo with a 1 car attached garage at this price!! This spacious condo has been well maintained and has many updates including granite counters, wood cabinets in kitchen, upgraded tile and so much more! Four Fountains residents enjoy a clubhouse, pool, pool table, tennis courts, pickle ball and shuffleboard. Great location - just minutes to downtown Naples and the award winning beaches.

26. 2018-01-03
    listed $159,900 Active 419-char remark

    Show marketing remark (419 chars)

    Wow - a gorgeous 2 BR + den condo with a 1 car attached garage at this price!! This spacious condo has been well maintained and has many updates including granite counters, wood cabinets in kitchen, upgraded tile and so much more! Four Fountains residents enjoy a clubhouse, pool, pool table, tennis courts, pickle ball and shuffleboard. Great location - just minutes to downtown Naples and the award winning beaches.

27. 2017-07-13
    historical
28. 2017-01-13
    listed $167,900 Active
29. 2015-08-19
    soldstatus $135,100
30. 2015-08-14
    price $135,000
31. 2015-08-14
    soldstatus $135,000 Sold
32. 2015-08-14
    soldstatus $135,000
33. 2015-07-17
    historical
34. 2015-07-17
    price $149,000
35. 2015-06-05
    status Active
36. 2015-04-18
    historical
37. 2015-04-02
    listed $149,000 Active
38. 2015-03-29
    listed $149,000
39. 2014-04-23
    soldstatus $129,000
40. 2014-04-15
    price $124,900
41. 2014-04-11
    soldstatus $129,000
42. 2014-01-05
    listed $129,000
43. 2004-01-22
    soldstatus $134,000
44. 2001-01-26
    soldstatus $94,000
45. 1992-03-01
    soldstatus $70,000
46. 1987-10-01
    soldstatus $50,000

ⓘ 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: $583 · $49/mo
• Projected year-2 tax: $1,577 · $131/mo
• Expected delta: +$994/yr (+$83/mo · 170.6%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (shaded) · 97% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 6 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $58,731
• − Mortgage interest: −$10,643
• − Property taxes: −$583
• − Insurance: −$1,747
• − Repairs & maintenance: −$4,698
• − Management: −$4,698
• − HOA: −$9,348
• − Depreciation: −$5,527
• Taxable income: $21,485
• Est. tax owed @ 24.0%: −$5,157
• After-tax cash flow: $17,606/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 — Lely

• Score: 66/100
• State rank: #586
• US rank: #11224

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lely, FL
• County: Collier County · 396,295 people
• Metro: Naples-Marco Island, FL
• Population (ZIP): 26,056
• Household income: $81,674
• Rent vs Own: 26.7% rent · 73.3% own
• Severe rent burden: 954.0

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 56% Hispanic / Latino 28% Black 12% Two or more races 11% Asian 2%
• Hispanic origin (detail): Mexican 17% Puerto Rican 3% Cuban 2%
• Common ancestry: Hispanic 10% Romanian 3% Lithuanian 2%
• Foreign-born: 26% · Canada, Jamaica, Vietnam
• Languages at home: 63% English-only · Spanish 24% French/Haitian/Cajun 9% Other Indo-European 2%

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: ▼ -194.86%
• Current HPI: 279.4232
• Rent YoY: ▲ 5.59%
• 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

+289.8% since first listed

32 events — show timeline

• 2026-05-06 Price Changed $194,900 NAPLESMLS
• 2026-05-06 Price Changed $194,900 MIML
• 2026-04-03 Price Changed $199,900 NAPLESMLS
• 2026-04-03 Price Changed $199,900 MIML
• 2026-03-23 Price Changed $214,999 NAPLESMLS
• 2026-03-22 Price Changed $214,999 MIML
• 2026-03-10 Listed $229,000 MIML
• 2026-03-10 Listed $229,000 NAPLESMLS
• 2018-04-04 Sold (Public Records) $150,000 Public Records
• 2018-03-30 Sold (MLS) $150,000 NAPLESMLS
• 2018-02-20 Pending — NAPLESMLS
• 2018-01-03 Listed $159,900 NAPLESMLS
• 2017-07-13 Listing Removed — NAPLESMLS
• 2017-01-13 Listed $167,900 NAPLESMLS
• 2015-08-19 Sold (Public Records) $135,100 Public Records
• 2015-08-14 Price Changed $135,000 NAPLESMLS
• 2015-08-14 Sold (MLS) $135,000 MIML
• 2015-08-14 Sold (MLS) $135,000 NAPLESMLS
• 2015-07-17 Price Changed $149,000 NAPLESMLS
• 2015-07-17 Listing Removed — NAPLESMLS
• 2015-06-05 Relisted — NAPLESMLS
• 2015-04-18 Listing Removed — NAPLESMLS
• 2015-04-02 Listed $149,000 NAPLESMLS
• 2015-03-29 Listed $149,000 MIML
• 2014-04-23 Sold (Public Records) $129,000 Public Records
• 2014-04-15 Price Changed $124,900 NAPLESMLS
• 2014-04-11 Sold (MLS) $129,000 NAPLESMLS
• 2014-01-05 Listed $129,000 NAPLESMLS
• 2004-01-22 Sold (Public Records) $134,000 Public Records
• 2001-01-26 Sold (Public Records) $94,000 Public Records
• 1992-03-01 Sold (Public Records) $70,000 Public Records
• 1987-10-01 Sold (Public Records) $50,000 Public Records

Property tax history

+3.8%/yr

Latest (2025): $583 · +7.2% YoY. Source: county tax records.