5697 Cove Cir #42 · Island Walk, FL 34119

$410,000

3 bd · 2.5 ba · 1,611 sqft · Condo public records · 201 Days on market

Built 1999 $247/mo HOA · 7% of rent

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Why this score? — see what drove the D 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 +15.3/30.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• DSCR +4.7/10.0
• 1% rule +4.1/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move in ready! A 3 bedroom, 2.5 bath townhouse in a beautiful well maintained community. Low HOA fees, centrally located, exceptional school district. Interior features include a newly renovated kitchen with brand new appliances, new paint throughout, and built in closets. Call today to view.

Key facts

• Updated kitchen
• Granite countertops
• Wide-lake views

Tags

• WIDE-LAKE VIEWS
• UPDATED KITCHEN
• GRANITE COUNTERTOPS
• LAMINATE AND TILE FLOORING
• GENEROUS CLOSET SPACE
• STORAGE UNDER THE STAIRS

Property features AI

Finance

• Financial info: Total annual recurring HOA fees: $2,960; Total one-time HOA fees: $1,650
• HOA & community: Mandatory HOA (The Cove); Quarterly HOA fee; HOA covers irrigation water, lawn/land maintenance, legal/accounting, management, recreation facilities, street lights, and street maintenance; Professional management; Community amenities include pool, community room, sidewalk, streetlight, and underground utilities; Non-gated community

Exterior

• Parking: Attached 1-car garage; 2+ paved driveway spaces
• Utilities: Central water; Central sewer; Cable available
• Home design: Townhouse; 2 story; Residential property; Rear exposure facing east; Zero lot line
• Construction: Concrete block construction; Stucco exterior; Tile roof; Built in 1999; Foundation: (not specified)
• Exterior features: Patio; Automatic sprinkler system; Lake view; Lake waterfront

Interior

• Kitchen: Electric cooktop; Self-cleaning oven; Dishwasher; Microwave; Refrigerator/ice maker; Garbage disposal; Breakfast bar
• Bedrooms: 3 bedrooms; Master bedroom upstairs
• Flooring: Laminate; Tile
• Bathrooms: 2 full bathrooms; 1 half bathroom; Master bath with dual sinks and separate tub and shower
• Heating & cooling: Central electric heat; Central electric cooling
• Interior features: Cable prewire; High-speed internet available; Walk-in closet; Great room; Guest room; Guest bath; Screened lanai/porch
• Laundry & utility: Washer and dryer in residence; Auto garage door; Smoke detector

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath condo listed at $410k.

Deal economics

• At list price, monthly cash flow is $0 ($1/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $372k (9.3% below list).
• Recommended offer: $361k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#692 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing B+; Watch: health & safety D, amenities F, commute 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: Vineyards Elementary School (math 79% / reading 75%, grade A, #170 of 2,144 statewide, top 9%, 845 students, 27% FRL); Oakridge Middle School (math 75% / reading 67%, grade A, #59 of 571 statewide, top 11%, 1,183 students, 26% FRL); Gulf Coast High School (math 57% / reading 68%, grade B-, #93 of 667 statewide, top 14%, 2,447 students, 20% FRL) — zoned schools average 24% FRL vs 55% district-wide (31 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 70% at this address vs 58% district-wide (+12 pts) — the actual schools serving this property are materially stronger than the Collier average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents soft (-2.5%/yr); 590 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).
• This rent runs 39% of the median local income ($113k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k 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.

Negotiation context

• It's been on market 201 days — a 12% lower offer ($361k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 10y ago; this cycle's ask has dropped $30k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $281k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $152/mo.
• Climate carrying-cost: in FEMA flood zone AH (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $360,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 201 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.91% ✗
• Cap rate: 6.74%
• Cash-on-cash: 1.59%
• DSCR: 1.07
• GRM: 9.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -19.8%
• Equity multiple: 0.33×
• Total profit: $-77,214
• Equity at exit: $61,132

10-year hold

• IRR: -21.3%
• Equity multiple: 0.05×
• Total profit: $-108,870
• Equity at exit: $35,449

Cash invested: $114,800 (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 34119

• Rents YoY: -2.5%
• Active inventory: 590
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $3,720 high
• Mortgage (P&I): −$2,150
• Tax from tax record: −$219 /mo · $2,623/yr
• Insurance: −$171
• Flood insurance flood zone: −$152 /mo · $1,824/yr
• HOA: −$247
• Vacancy / Maint / Mgmt: −$781
• Net cashflow: $0

Break-even live

Break-even rent $3,720

Max offer price $410,000

Occupancy floor 95%

Sensitivity live

Price	-10% $232	-5% $116	+0% $0	+5% $-116	+10% $-232
Rent	-10% $-294	-5% $-147	+0% $0	+5% $147	+10% $294
Rate	-1.0pp $207	-0.5pp $104	base $0	+0.5pp $-106	+1.0pp $-214

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: $102,500
• Closing costs: $12,300
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5365 Cove Cir #125 Naples, FL	3.0	2.5	2000	$2,800	$1.40	25d	1	0.11mi
5405 Freeport Ln Naples, FL	4.0	2.0	2000	$4,595	$2.30	15d	1	0.15mi
5267 Hawkesbury Way Naples, FL	3.0	2.0	2000	$4,000	$2.00	25d	1	0.32mi
5712 Drummond Way Naples, FL	2.0	2.0	1540	$2,995	$1.94	25d	1	0.34mi
6069 Islandwalk Blvd Naples, FL	3.0	2.5	1800	$2,800	$1.56	25d	1	0.49mi
6084 Islandwalk Blvd Naples, FL	3.0	2.5	1725	$3,200	$1.86	25d	1	0.53mi
1154 Augusta Falls Way Unit 1520030P Naples, FL	3.0	2.0	1819	$4,426	$2.43	15d	1	0.54mi
6182 Towncenter Cir Naples, FL	3.0	2.5	1771	$2,800	$1.58	15d	1	0.57mi
4614 Ossabaw Way Naples, FL	2.0	2.0	1522	$2,900	$1.91	15d	1	0.70mi
1638 Triangle Palm Ter Naples, FL	4.0	2.0	2028	$10,000	$4.93	15d	1	0.77mi
817 Regency Reserve Cir #3901 Naples, FL	2.0	2.0	2058	$7,000	$3.40	25d	1	0.83mi
817 Regency Reserve Cir #3901 Naples, FL	2.0	2.0	2058	$7,000	$3.40	15d	1	0.83mi
3013 Futuna Ln Naples, FL	2.0	2.0	1540	$4,250	$2.76	25d	1	0.84mi
1156 Oakes Blvd Naples, FL	3.0	2.0	1554	$7,500	$4.83	25d	1	0.86mi
801 Regency Reserve Cir #4301 Naples, FL	3.0	2.0	2050	$6,800	$3.32	25d	1	0.90mi
713 Regency Reserve Cir #5902 Naples, FL	3.0	2.0	2050	$7,200	$3.51	25d	1	0.90mi
713 Regency Reserve Cir #5901 Naples, FL	2.0	2.0	2050	$3,295	$1.61	15d	1	0.90mi
3703 Exuma Way Naples, FL	2.0	2.0	1680	$3,000	$1.79	25d	1	0.93mi
3019 Ellice Way Naples, FL	3.0	3.0	2181	$3,500	$1.60	23d	1	0.93mi
730 Regency Reserve Cir #2802 Naples, FL	2.0	2.0	2050	$8,000	$3.90	25d	1	1.00mi
4238 Redonda Ln Naples, FL	2.0	2.0	1540	$2,700	$1.75	23d	1	1.01mi
734 Regency Reserve Cir #2701 Naples, FL	2.0	2.0	2058	$7,900	$3.84	25d	1	1.01mi
1637 Morning Sun Ln Unit E12 Naples, FL	2.0	2.0	1352	$1,900	$1.41	25d	1	1.01mi
4187 Saint George Ln Naples, FL	2.0	2.0	1540	$3,200	$2.08	25d	1	1.04mi
1677 Morning Sun Ln Naples, FL	2.0	2.0	1307	$2,500	$1.91	25d	1	1.05mi
1937 Crestview Way #171 Naples, FL	3.0	2.0	2050	$5,000	$2.44	15d	1	1.16mi
3471 Bravada Way Naples, FL	3.0	2.5	1771	$3,000	$1.69	25d	1	1.17mi
1896 Crestview Way Unit A47 Naples, FL	2.0	2.0	1723	$3,900	$2.26	25d	1	1.17mi
1965 Crestview Way #156 Naples, FL	3.0	2.0	2050	$6,800	$3.32	15d	1	1.20mi
7009 Romana Way #1605 Naples, FL	3.0	2.5	1679	$2,800	$1.67	25d	1	1.26mi
7611 Morgan Way Naples, FL	3.0	2.5	1712	$2,900	$1.69	25d	1	1.26mi
7643 Morgan Way Naples, FL	3.0	2.5	1762	$2,900	$1.65	25d	1	1.26mi
1927 Morning Sun Ln Unit F27 Naples, FL	2.0	2.0	1307	$3,000	$2.30	25d	1	1.26mi
7081 Venice Way #1808 Naples, FL	4.0	3.0	1833	$3,241	$1.77	25d	1	1.28mi
580 El Camino Real #3805 Naples, FL	2.0	2.0	1772	$13,500	$7.62	25d	1	1.29mi
7608 Morgan Way Naples, FL	3.0	2.5	1771	$3,150	$1.78	25d	1	1.29mi
7596 Morgan Way Naples, FL	3.0	2.5	1841	$3,600	$1.96	25d	1	1.29mi
7012 Romana Way #1405 Naples, FL	3.0	2.5	1679	$3,154	$1.88	23d	1	1.29mi
7012 Romana Way #1401 Naples, FL	4.0	3.0	1828	$3,216	$1.76	23d	1	1.29mi
7012 Romana Way #1408 Naples, FL	4.0	3.0	1828	$3,210	$1.76	23d	1	1.29mi

HOA detail condo

• Monthly dues: $247 · $2,964/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 28 events

1. 2026-06-21
   days on market $410,000 Active 201 DOM
2. 2026-06-18
   days on market $410,000 Active 198 DOM
3. 2026-06-17
   days on market $410,000 Active 197 DOM
4. 2026-06-16
   days on market $410,000 Active 196 DOM
5. 2026-06-15
   days on market $410,000 Active 195 DOM
6. 2026-06-10
   days on market $410,000 Active 190 DOM
7. 2026-06-09
   days on market $410,000 Active 189 DOM
8. 2026-06-08
   days on market $410,000 Active 188 DOM
9. 2026-06-07
   days on market $410,000 Active 187 DOM
10. 2026-06-03
    days on market $410,000 Active 183 DOM
11. 2026-06-02
    days on market $410,000 Active 182 DOM
12. 2026-06-01
    days on market $410,000 Active 181 DOM
13. 2026-05-31
    days on market $410,000 Active 180 DOM
14. 2026-05-30
    days on market $410,000 Active 179 DOM
15. 2026-04-08
    price $420,000
16. 2025-12-02
    listed $440,000 Active
17. 2018-10-26
    soldstatus $281,000
18. 2018-10-19
    soldstatus $281,000 Sold 294-char remark

    Show marketing remark (294 chars)

    Move in ready! A 3 bedroom, 2.5 bath townhouse in a beautiful well maintained community. Low HOA fees, centrally located, exceptional school district. Interior features include a newly renovated kitchen with brand new appliances, new paint throughout, and built in closets. Call today to view.

19. 2018-09-14
    status Pending With Contingencies 294-char remark

    Show marketing remark (294 chars)

    Move in ready! A 3 bedroom, 2.5 bath townhouse in a beautiful well maintained community. Low HOA fees, centrally located, exceptional school district. Interior features include a newly renovated kitchen with brand new appliances, new paint throughout, and built in closets. Call today to view.

20. 2018-09-07
    listed $287,000 Active 294-char remark

    Show marketing remark (294 chars)

    Move in ready! A 3 bedroom, 2.5 bath townhouse in a beautiful well maintained community. Low HOA fees, centrally located, exceptional school district. Interior features include a newly renovated kitchen with brand new appliances, new paint throughout, and built in closets. Call today to view.

21. 2016-09-03
    price $257,000 1122-char remark

    Show marketing remark (1122 chars)

    Desirable well maintained poured concrete townhome built by Divosta Homes at The Cove. This charming home offers 3 bedrooms, 2 and a 1/2 bathrooms, 1 laundry room, 1 attached car garage. This home is bright and cheerful, has a beautiful lake view, a backyard, tiles and brand new high quality laminate floorings on the stairs and entire second floor (no carpet). In addition to the garage this Townhome offers 2 plus parking spaces. Also, this efficient floor plan features lots of storage spaces: 4 spacious closets (walk-in closets in the guest bedroom and the owner's suite), large laundry room with cabinets and folding area and extra storage closet on the main floor. The kitchen is an open concept and has a desk area, a breakfast bar, a pantry and a double sink. The owner's suite bathroom offers a soak-in tub, double sink, a tile shower and lots of storage cabinets. Enjoy living in north Naples, close to shops, restaurants, schools, community parks and more! Is this the home you have been waiting for? This single family home is priced to sell and may sell to the first buyer so don't wait. Call today to view.

22. 2016-08-30
    soldstatus $257,000
23. 2016-08-22
    price $279,800 1122-char remark

    Show marketing remark (1122 chars)

    Desirable well maintained poured concrete townhome built by Divosta Homes at The Cove. This charming home offers 3 bedrooms, 2 and a 1/2 bathrooms, 1 laundry room, 1 attached car garage. This home is bright and cheerful, has a beautiful lake view, a backyard, tiles and brand new high quality laminate floorings on the stairs and entire second floor (no carpet). In addition to the garage this Townhome offers 2 plus parking spaces. Also, this efficient floor plan features lots of storage spaces: 4 spacious closets (walk-in closets in the guest bedroom and the owner's suite), large laundry room with cabinets and folding area and extra storage closet on the main floor. The kitchen is an open concept and has a desk area, a breakfast bar, a pantry and a double sink. The owner's suite bathroom offers a soak-in tub, double sink, a tile shower and lots of storage cabinets. Enjoy living in north Naples, close to shops, restaurants, schools, community parks and more! Is this the home you have been waiting for? This single family home is priced to sell and may sell to the first buyer so don't wait. Call today to view.

24. 2016-08-22
    soldstatus $257,000 Sold 1122-char remark

    Show marketing remark (1122 chars)

    Desirable well maintained poured concrete townhome built by Divosta Homes at The Cove. This charming home offers 3 bedrooms, 2 and a 1/2 bathrooms, 1 laundry room, 1 attached car garage. This home is bright and cheerful, has a beautiful lake view, a backyard, tiles and brand new high quality laminate floorings on the stairs and entire second floor (no carpet). In addition to the garage this Townhome offers 2 plus parking spaces. Also, this efficient floor plan features lots of storage spaces: 4 spacious closets (walk-in closets in the guest bedroom and the owner's suite), large laundry room with cabinets and folding area and extra storage closet on the main floor. The kitchen is an open concept and has a desk area, a breakfast bar, a pantry and a double sink. The owner's suite bathroom offers a soak-in tub, double sink, a tile shower and lots of storage cabinets. Enjoy living in north Naples, close to shops, restaurants, schools, community parks and more! Is this the home you have been waiting for? This single family home is priced to sell and may sell to the first buyer so don't wait. Call today to view.

25. 2016-07-12
    status Pending With Contingencies 1122-char remark

    Show marketing remark (1122 chars)

    Desirable well maintained poured concrete townhome built by Divosta Homes at The Cove. This charming home offers 3 bedrooms, 2 and a 1/2 bathrooms, 1 laundry room, 1 attached car garage. This home is bright and cheerful, has a beautiful lake view, a backyard, tiles and brand new high quality laminate floorings on the stairs and entire second floor (no carpet). In addition to the garage this Townhome offers 2 plus parking spaces. Also, this efficient floor plan features lots of storage spaces: 4 spacious closets (walk-in closets in the guest bedroom and the owner's suite), large laundry room with cabinets and folding area and extra storage closet on the main floor. The kitchen is an open concept and has a desk area, a breakfast bar, a pantry and a double sink. The owner's suite bathroom offers a soak-in tub, double sink, a tile shower and lots of storage cabinets. Enjoy living in north Naples, close to shops, restaurants, schools, community parks and more! Is this the home you have been waiting for? This single family home is priced to sell and may sell to the first buyer so don't wait. Call today to view.

26. 2016-06-29
    price $279,800 1122-char remark

    Show marketing remark (1122 chars)

    Desirable well maintained poured concrete townhome built by Divosta Homes at The Cove. This charming home offers 3 bedrooms, 2 and a 1/2 bathrooms, 1 laundry room, 1 attached car garage. This home is bright and cheerful, has a beautiful lake view, a backyard, tiles and brand new high quality laminate floorings on the stairs and entire second floor (no carpet). In addition to the garage this Townhome offers 2 plus parking spaces. Also, this efficient floor plan features lots of storage spaces: 4 spacious closets (walk-in closets in the guest bedroom and the owner's suite), large laundry room with cabinets and folding area and extra storage closet on the main floor. The kitchen is an open concept and has a desk area, a breakfast bar, a pantry and a double sink. The owner's suite bathroom offers a soak-in tub, double sink, a tile shower and lots of storage cabinets. Enjoy living in north Naples, close to shops, restaurants, schools, community parks and more! Is this the home you have been waiting for? This single family home is priced to sell and may sell to the first buyer so don't wait. Call today to view.

27. 2016-06-07
    listed $281,000 Active 1122-char remark

    Show marketing remark (1122 chars)

    Desirable well maintained poured concrete townhome built by Divosta Homes at The Cove. This charming home offers 3 bedrooms, 2 and a 1/2 bathrooms, 1 laundry room, 1 attached car garage. This home is bright and cheerful, has a beautiful lake view, a backyard, tiles and brand new high quality laminate floorings on the stairs and entire second floor (no carpet). In addition to the garage this Townhome offers 2 plus parking spaces. Also, this efficient floor plan features lots of storage spaces: 4 spacious closets (walk-in closets in the guest bedroom and the owner's suite), large laundry room with cabinets and folding area and extra storage closet on the main floor. The kitchen is an open concept and has a desk area, a breakfast bar, a pantry and a double sink. The owner's suite bathroom offers a soak-in tub, double sink, a tile shower and lots of storage cabinets. Enjoy living in north Naples, close to shops, restaurants, schools, community parks and more! Is this the home you have been waiting for? This single family home is priced to sell and may sell to the first buyer so don't wait. Call today to view.

28. 2002-02-13
    soldstatus $159,000

ⓘ 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: $2,623 · $219/mo
• Projected year-2 tax: $3,403 · $284/mo
• Expected delta: +$780/yr (+$65/mo · 29.8%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone AH · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 29 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: $44,637
• − Mortgage interest: −$22,966
• − Property taxes: −$2,623
• − Insurance: −$3,874
• − Repairs & maintenance: −$3,571
• − Management: −$3,571
• − HOA: −$2,964
• − Depreciation: −$11,927
• Taxable loss: −$6,860
• Est. tax savings @ 24.0%: +$1,646
• After-tax cash flow: $1,647/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 — Island Walk

• Score: 64/100
• State rank: #692
• US rank: #14444

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Collier County · 396,295 people
• Metro: Naples-Marco Island, FL
• Population (ZIP): 36,807
• Household income: $113,391
• Rent vs Own: 16.4% rent · 83.6% own
• Severe rent burden: 741.0

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 (74%)
• Race & ethnicity: White 74% Hispanic / Latino 20% Two or more races 14% Black 1%
• Hispanic origin (detail): Mexican 6% Puerto Rican 2% Cuban 4% Dominican 2%
• Common ancestry: Romanian 4% Lithuanian 2% Italian 2%
• Foreign-born: 17% · Canada, Jamaica, Dominican Republic
• Languages at home: 78% English-only · Spanish 15% Other Indo-European 3% Russian/Polish/Slavic 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: ▼ -243.12%
• Current HPI: 269.3208
• Rent YoY: ▼ -2.51%
• 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

+164.2% since first listed

14 events — show timeline

• 2026-04-08 Price Changed $420,000 NAPLESMLS
• 2025-12-02 Listed $440,000 NAPLESMLS
• 2018-10-26 Sold (Public Records) $281,000 Public Records
• 2018-10-19 Sold (MLS) $281,000 NAPLESMLS
• 2018-09-14 Pending — NAPLESMLS
• 2018-09-07 Listed $287,000 NAPLESMLS
• 2016-09-03 Price Changed $257,000 NAPLESMLS
• 2016-08-30 Sold (Public Records) $257,000 Public Records
• 2016-08-22 Sold (MLS) $257,000 NAPLESMLS
• 2016-08-22 Price Changed $279,800 NAPLESMLS
• 2016-07-12 Pending — NAPLESMLS
• 2016-06-29 Price Changed $279,800 NAPLESMLS
• 2016-06-07 Listed $281,000 NAPLESMLS
• 2002-02-13 Sold (Public Records) $159,000 Public Records

Property tax history

+4.8%/yr

Latest (2025): $2,623 · +6.9% YoY. Source: county tax records.