340 Horse Creek Dr #307 · Naples, FL
Flood risk 7/10 · Major
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.95%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 3/10 · Minor
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 107°F)
- 7 days/yr
- Hot days in 30 yrs
- 31 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
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).
- ARV discount +15.0/15.0
- Schools +6.7/10.0
- Cash flow +5.7/30.0
- 1% rule +5.4/10.0
- Livability +4.0/5.0
- Condition / age +4.0/5.0
- Rent growth +2.2/5.0
- DSCR +0.1/10.0
- Appreciation +0.0/10.0
$269,000
340 Horse Creek Dr #307 · Naples, FL 34110
2 bd · 2.0 ba · 1,326 sqft · Condo
public records
· 180 Days on market
Built 1990
$203/sqft
· 37% below area
Est $428k · 37% under
$959/mo HOA · 34% of rent
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
One or more photo(s) has been virtually staged, AI generated or rendered. Priced to sell after huge price reduction, seller says: Bring me an offer. One or more photo(s) has been virtually staged, AI generated or rendered. Welcome to this beautifully maintained third-floor residence in the desirable North Naples community of Princeton Place at Wiggins Bay. This light-filled unit offers peaceful preserve and lake views, creating a serene backdrop for everyday living.
Key facts
- Covered parking
- Screened lanai
- In-unit laundry
Tags
Neighborhood map
Sold within
Property
Rental comp
Retail
Costco
Walmart
Transit
Schools
Stadiums
Fortune 500
· Circle radius: 6.0 mi
Loading POIs…
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $269k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-618 ($-7k/yr) — negative.
- To cash-flow at today's rent, offer at most $160k (40.6% below list).
- Meets the 1% rule at list price ($3k rent vs $269k).
- Recommended offer: $160k (40.6% below list) — sets the bar for cash-flow.
- Cap rate 3.8% vs local median 2.4% in Naples — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
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: Naples Park Elementary School (math 67% / reading 57%, grade B, #608 of 2,144 statewide, top 29%, 395 students, 48% FRL); North Naples Middle School (math 79% / reading 73%, grade A, #34 of 571 statewide, top 6%, 903 students, 25% 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 31% FRL vs 55% district-wide (24 pts lower); this property's tenant base skews higher-income than the district average.
- Market conditions: Rents soft (-1.1%/yr); 738 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 117d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,520 units permitted in Collier County in 2024 (959 in 5+ unit buildings).
- This rent runs 34% of the median local income ($98k/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 $2k of loan paydown is wiped out by about $8k 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 180 days — a 12% lower offer ($237k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts; this cycle's ask has dropped $30k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $123k; list at $269k implies a 119% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: flood insurance adds $66/mo; HOA is 34% of rent.
- Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→31/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer
$159,757
(40.6% below list)
Questions for the listing agent
- 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?
- It's been on market 180 days. Have you received any prior offers? Is the seller open to a 41% concession, seller financing, or rate buy-down credit?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 1.04% ✓
- Cap rate
- 3.83%
- Cash-on-cash
- -8.79%
- DSCR
- 0.61
- GRM
- 8.0
CMA / ARV
- ARV (median comp)
- $427,972
- List price
- $269,000
- Delta
- -37.15%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 668 Wiggins Bay Dr Unit B25 | 0.25mi | 2/2.0 | 1,281 (-3%) | 1mo | $275,000 | $215 | 81 |
| 660 Wiggins Bay Dr Unit B21 | 0.25mi | 2/2.0 | 1,281 (-3%) | 2mo | $218,000 | $170 | 81 |
| 688 Wiggins Lake Dr #201 | 0.54mi | 3/2.0 (+1) | 1,447 (+9%) | 2mo | $427,000 | $295 | 53 |
| 736 Wiggins Lake Dr #202 | 0.58mi | 3/2.0 (+1) | 1,447 (+9%) | 2mo | $355,000 | $245 | 51 |
| 15505 Cedarwood Ln #204 | 1.41mi | 2/2.0 | 1,428 (+8%) | 2mo | $250,000 | $175 | 51 |
| 303 Arbor Lake Dr Unit 3-102 | 0.68mi | 2/2.0 | 1,493 (+13%) | 1mo | $150,000 | $100 | 46 |
| 832 Carrick Bend Cir #202 | 0.63mi | 2/2.0 | 1,600 (+21%) | 1mo | $515,000 | $322 | 45 |
| 11 Bluebill Ave #1105 | 1.35mi | 2/2.0 | 1,492 (+12%) | 1mo | $825,000 | $553 | 43 |
| 290 Naples Cove Dr #2501 | 1.19mi | 3/2.0 (+1) | 1,475 (+11%) | 1mo | $350,000 | $237 | 41 |
| 1001 Arbor Lake Dr #902 | 0.80mi | 2/2.0 | 1,550 (+17%) | 1mo | $425,000 | $274 | 39 |
| 1001 Arbor Lake Dr #1502 | 0.80mi | 2/2.0 | 1,550 (+17%) | 1mo | $535,000 | $345 | 39 |
| 15435 Cedarwood Ln Unit 5-304 | 1.32mi | 2/2.0 | 1,538 (+16%) | 2mo | $360,000 | $234 | 39 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 0.0% rent growth · sell at horizon
5-year hold
- IRR
- -39.6%
- Equity multiple
- -0.20×
- Total profit
- $-90,549
- Equity at exit
- $40,109
10-year hold
- IRR
- —
- Equity multiple
- -1.11×
- Total profit
- $-158,708
- Equity at exit
- $23,258
Cash invested: $75,320 (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.
Active competition Active MLS
- For sale now
- 8 active · 2 under contract
- Median asking
- $279,450 ($236/sqft)
- Median days on market
- 93 d
- This list price
- 38% of active listings are priced below it
- ARV vs active asking
- +36.5% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 34110
- Rents YoY
- -1.1%
- Active inventory
- 738
- Price-to-rent
- 8.0×
Monthly cashflow live
↻
- Estimated rent
- $2,803 medium interval (Pro) →
- Mortgage (P&I)
- −$1,411
- Tax from tax record
- −$285 /mo · $3,415/yr
- Insurance
- −$112
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$959
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$589
- Net cashflow
- $-618
Break-even live
Break-even rent
$3,586
Max offer price
$159,757
Occupancy floor
—
Sensitivity live
| Price | -10% $-466 | -5% $-542 | +0% $-618 | +5% $-695 | +10% $-771 |
|---|---|---|---|---|---|
| Rent | -10% $-840 | -5% $-729 | +0% $-618 | +5% $-508 | +10% $-397 |
| Rate | -1.0pp $-483 | -0.5pp $-550 | base $-618 | +0.5pp $-688 | +1.0pp $-759 |
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
- $67,250
- Closing costs
- $8,070
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 340 Horse Creek Dr #304 Naples, FL | 2.0 | 2.0 | 1326 | $2,950 | $2.22 | 119d | 1 | 0.02mi |
| 360 Horse Creek Dr Naples, FL | 2.0 | 2.0 | 1589 | $6,250 | $3.93 | 6d | 3 | 0.05mi |
| 360 Horse Creek Dr Naples, FL | 2.0 | 2.0 | 1589 | $5,250 | $3.30 | 109d | 4 | 0.05mi |
| 320 Horse Creek Dr #105 Naples, FL | 2.0 | 2.0 | 1326 | $5,600 | $4.22 | 119d | 1 | 0.05mi |
| 300 Horse Creek Dr #408 Naples, FL | 2.0 | 2.0 | 1434 | $5,500 | $3.84 | 119d | 1 | 0.10mi |
| 480 Bermuda Cove Way Unit 1-104 Naples, FL | 2.0 | 2.0 | 1372 | $4,250 | $3.10 | 119d | 1 | 0.16mi |
| 430 Cove Tower Dr #1202 Naples, FL | 3.0 | 2.0 | 1519 | $3,570 | $2.35 | 6d | 1 | 0.19mi |
| 430 Cove Tower Dr #1202 Naples, FL | 3.0 | 2.0 | 1519 | $7,800 | $5.13 | 119d | 1 | 0.19mi |
| 430 Cove Tower Dr #302 Naples, FL | 3.0 | 2.0 | 1623 | $6,800 | $4.19 | 6d | 1 | 0.19mi |
| 430 Cove Tower Dr #302 Naples, FL | 3.0 | 2.0 | 1623 | $6,500 | $4.00 | 119d | 1 | 0.19mi |
| 420 Cove Tower Dr #1404 Naples, FL | 2.0 | 2.0 | 1762 | $10,000 | $5.68 | 6d | 1 | 0.19mi |
| 420 Cove Tower Dr #802 Naples, FL | 3.0 | 2.0 | 1621 | $4,750 | $2.93 | 119d | 1 | 0.19mi |
| 425 Cove Tower Dr #902 Naples, FL | 2.0 | 2.0 | 1854 | $9,400 | $5.07 | 119d | 1 | 0.23mi |
| 425 Cove Tower Dr #902 Naples, FL | 2.0 | 2.0 | 1854 | $9,400 | $5.07 | 6d | 1 | 0.23mi |
| 13105 Vanderbilt Dr Naples, FL | 2.0 | 2.0 | 1390 | $5,450 | $3.92 | 119d | 2 | 0.32mi |
| 13105 Vanderbilt Dr #808 Naples, FL | 2.0 | 2.0 | 1390 | $5,500 | $3.96 | 109d | 1 | 0.32mi |
| 13105 Vanderbilt Dr #808 Naples, FL | 2.0 | 2.0 | 1390 | $5,500 | $3.96 | 117d | 1 | 0.32mi |
| 12945 Vanderbilt Dr Naples, FL | 2.0 | 2.0 | 1151 | $5,250 | $4.56 | 6d | 2 | 0.37mi |
| 651 Wiggins Lake Dr #102 Naples, FL | 2.0 | 2.0 | 1487 | $6,000 | $4.03 | 6d | 1 | 0.37mi |
| 774 Wiggins Lake Dr #106 Naples, FL | 3.0 | 2.0 | 1374 | $6,500 | $4.73 | 6d | 1 | 0.41mi |
| 774 Wiggins Lake Dr #106 Naples, FL | 3.0 | 2.0 | 1374 | $6,500 | $4.73 | 119d | 1 | 0.41mi |
| 437 Wiggins Lake Ct #201 Naples, FL | 2.0 | 2.0 | 1283 | $4,500 | $3.51 | 119d | 1 | 0.44mi |
| 760 Wiggins Lake Dr #205 Naples, FL | 2.0 | 2.0 | 1179 | $5,500 | $4.66 | 119d | 1 | 0.51mi |
| 757 Wiggins Lake Dr #106 Naples, FL | 3.0 | 2.0 | 1374 | $6,000 | $4.37 | 119d | 1 | 0.53mi |
| 757 Wiggins Lake Dr #106 Naples, FL | 3.0 | 2.0 | 1374 | $6,000 | $4.37 | 109d | 1 | 0.53mi |
| 752 Wiggins Lake Dr #102 Naples, FL | 2.0 | 2.0 | 1402 | $2,375 | $1.69 | 117d | 1 | 0.54mi |
| 1282 Belaire Ct Naples, FL | 3.0 | 3.5 | 1495 | $9,500 | $6.35 | 119d | 1 | 0.60mi |
| 817 Carrick Bend Cir #101 Naples, FL | 3.0 | 2.0 | 1660 | $5,995 | $3.61 | 109d | 1 | 0.62mi |
| 817 Carrick Bend Cir #101 Naples, FL | 3.0 | 2.0 | 1660 | $5,995 | $3.61 | 6d | 1 | 0.62mi |
| 1284 Rainbow Ct Naples, FL | 2.0 | 2.0 | 1572 | $3,400 | $2.16 | 6d | 1 | 0.64mi |
| 1284 Rainbow Ct Naples, FL | 2.0 | 2.0 | 1572 | $4,200 | $2.67 | 117d | 1 | 0.64mi |
| 1296 Grand Canal Dr Naples, FL | 3.0 | 2.0 | 1614 | $7,000 | $4.34 | 6d | 1 | 0.67mi |
| 1296 Grand Canal Dr Naples, FL | 3.0 | 2.0 | 1614 | $8,000 | $4.96 | 119d | 1 | 0.67mi |
| 784 Carrick Bend Cir #101 Naples, FL | 3.0 | 2.0 | 1515 | $3,500 | $2.31 | 119d | 1 | 0.67mi |
| 866 Carrick Bend Cir #202 Naples, FL | 2.0 | 2.0 | 1600 | $5,750 | $3.59 | 6d | 1 | 0.68mi |
| 1337 Center Ln Naples, FL | 3.0 | 2.0 | 1500 | $4,490 | $2.99 | 6d | 1 | 0.69mi |
| 1337 Center Ln Naples, FL | 3.0 | 2.0 | 1500 | $4,300 | $2.87 | 119d | 1 | 0.69mi |
| 513 Lake Louise Cir #202 Naples, FL | 2.0 | 2.0 | 1444 | $5,300 | $3.67 | 119d | 1 | 0.74mi |
| 513 Lake Louise Cir #202 Naples, FL | 2.0 | 2.0 | 1444 | $5,300 | $3.67 | 6d | 1 | 0.74mi |
| 513 Lake Louise Cir #101 Naples, FL | 3.0 | 2.0 | 1384 | $2,500 | $1.81 | 6d | 1 | 0.74mi |
Property features AI
Finance
- Other
- Part of a complex with 184 units; 37 units in the building; 3 units per floor; 1 floor in this buildingDock lease for boat access with bridge(s) to Gulf access
- Financial info
- Condo fee billed monthlyMaster HOA fee billed annually
- HOA & community
- Mandatory HOAMonthly condo feeProfessional managementCondo fee covers cable, insurance, internet/Wi‑Fi, irrigation water, manager, exterior pest control, repairs, reserves, security, street lights, street maintenance, trash removal and waterCommunity amenities include BBQ/picnic area, beach access, beach club (available), clubhouse, community pool, community spa/hot tub, exercise room, library, private membership options and tennis courtsCommunity types: boating, gated, tennisTotal annual recurring fees listedTotal one-time fees listed
Exterior
- Parking
- 1 assigned covered parkingDetached 1-car carportCommon and guest parking available
- Security
- Gated communityGuard at gate
- Utilities
- Central waterCentral sewerCable available
- Home design
- Residential propertyMid-rise building (4–7 stories)Built in 1990Concrete block constructionRear exposure to the south
- Construction
- Concrete block constructionShingle roofStucco finish
- Exterior features
- Shingle roofStucco exterior finishSingle-hung and sliding windowsElectric storm shuttersGated community with guard at gateLake waterfrontViews of bay, lake and waterCentral irrigationRegular lot; private paved access road
Interior
- Kitchen
- Cooktop (electric)RangeMicrowaveDishwasherDisposalRefrigerator/ice makerBreakfast barEat-in kitchenDining area (living)Built-in desk in kitchen
- Bedrooms
- 2 bedrooms (split bedroom floor plan)
- Flooring
- TileVinyl
- Bathrooms
- 2 full bathroomsMaster bath with separate tub and shower
- Heating & cooling
- Central electric heatCentral electric coolingCeiling fans
- Interior features
- Built-in cabinetsSmoke detectorsWalk-in closetBuilt-in deskScreened balconyPartially furnishedCommon elevator
- Laundry & utility
- WasherDryer
HOA detail $959/mo · $11,508/yr condo
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-09-24days on market $269,000 Active 180 DOM
-
2026-09-23days on market $269,000 Active 179 DOM
-
2026-09-22days on market $269,000 Active 178 DOM
-
2026-09-21days on market $269,000 Active 177 DOM
-
2026-09-20days on market $269,000 Active 176 DOM
-
2026-09-18days on market $269,000 Active 174 DOM
-
2026-09-17days on market $269,000 Active 173 DOM
-
2026-09-16days on market $269,000 Active 172 DOM
-
2026-09-15days on market $269,000 Active 171 DOM
-
2026-09-14days on market $269,000 Active 170 DOM
-
2026-09-13days on market $269,000 Active 169 DOM
-
2026-09-12days on market $269,000 Active 168 DOM
-
2026-09-11days on market $269,000 Active 167 DOM
-
2026-09-05days on market $269,000 Active 161 DOM
-
2026-09-04days on market $269,000 Active 160 DOM
-
2026-09-03days on market $269,000 Active 159 DOM
-
2026-08-31days on market $269,000 Active 156 DOM
-
2026-08-30days on market $269,000 Active 155 DOM
-
2026-08-29days on market $269,000 Active 154 DOM
-
2026-08-28days on market $269,000 Active 153 DOM
-
2026-08-27days on market $269,000 Active 152 DOM
-
2026-08-26days on market $269,000 Active 151 DOM
-
2026-08-25days on market $269,000 Active 150 DOM
-
2026-08-24days on market $269,000 Active 149 DOM
-
2026-08-23days on market $269,000 Active 148 DOM
-
2026-08-22days on market $269,000 Active 147 DOM
-
2026-08-21days on market $269,000 Active 146 DOM
-
2026-08-20days on market $269,000 Active 145 DOM
-
2026-08-19days on market $269,000 Active 144 DOM
-
2026-08-18days on market $269,000 Active 143 DOM
-
2026-08-16days on market $269,000 Active 141 DOM
-
2026-08-15days on market $269,000 Active 140 DOM
-
2026-08-13days on market $269,000 Active 138 DOM
-
2026-08-12days on market $269,000 Active 137 DOM
-
2026-08-11days on market $269,000 Active 136 DOM
-
2026-08-10days on market $269,000 Active 135 DOM
-
2026-08-09days on market $269,000 Active 134 DOM
-
2026-08-08days on market $269,000 Active 133 DOM
-
2026-08-07days on market $269,000 Active 132 DOM
-
2026-08-06days on market $269,000 Active 131 DOM
-
2026-08-05days on market $269,000 Active 130 DOM
-
2026-08-04days on market $269,000 Active 129 DOM
-
2026-08-03days on market $269,000 Active 128 DOM
-
2026-07-31days on market $269,000 Active 125 DOM
-
2026-07-30days on market $269,000 Active 124 DOM
-
2026-07-29days on market $269,000 Active 123 DOM
-
2026-07-27days on market $269,000 Active 121 DOM
-
2026-07-25days on market $269,000 Active 119 DOM
-
2026-07-24days on market $269,000 Active 118 DOM
-
2026-07-23days on market $269,000 Active 117 DOM
ⓘ 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
- $3,415 · $285/mo
- Projected year-2 tax
- $3,415 · $285/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 7/10 Severe FEMA zone X (shaded) · 95% chance over 30 yrs
- Wildfire 3/10 Moderate
- Heat 10/10 Extreme 7 d/yr ≥107°F today · 31 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $33,636
- − Mortgage interest
- −$15,068
- − Property taxes
- −$3,415
- − Insurance
- −$2,142
- − Repairs & maintenance
- −$2,691
- − Management
- −$2,691
- − HOA
- −$11,508
- − Depreciation
- −$7,825
- Taxable loss
- −$11,705
combined federal + state — saved on this device
- Est. tax savings @ 24.0%
- +$2,809
- After-tax cash flow
- $-4,612/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.
Condition & rehab AI · 9 photos
80/100
Cosmetic rehab
Est. rehab $6,630–$19,890 screening
This well-maintained third-floor residence in the desirable North Naples community of Princeton Place at Wiggins Bay offers peaceful preserve and lake views. The unit is in good condition with no visible repairs needed, making it a great investment opportunity.
Value-add opportunities
- Both Paint exterior — Enhances curb appeal and resale value ↑
- Both Landscaping — Improves curb appeal and rental value ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
C
Composite school gradezoned avg 67/100
Zoned Schools
Elementary
Naples Park Elementary School
B
FL #608/2,144
Nat'l #6,217/41,679
Middle
North Naples Middle School
A
FL #34/571
Nat'l #442/14,009
High
Gulf Coast High School
B-
FL #93/667
Nat'l #3,176/17,239
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
A
Composite livability gradescore 80/100
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
- County
- Collier County · 420,858 people
- City population
- 344,941
- Metro
- Naples-Marco Island, FL
- Population (ZIP)
- 25,630
- Household income
- $97,564
- Rent vs Own
- Severe rent burden
- 17% of renters
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 (84%)
- Race & ethnicity
- White 84% Hispanic / Latino 10% Two or more races 9% Asian 2% Black 1%
- Hispanic origin (detail)
- Mexican 2% Puerto Rican 1% Cuban 3%
- Common ancestry
- Romanian 4% Lithuanian 3% Slovak 2%
- Foreign-born
- 11% · Canada, South Korea
- Languages at home
- 87% English-only · Spanish 7% Other Indo-European 3% French/Haitian/Cajun 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
- ▼ -172.68%
- Current HPI
- 267.4644
- Rent YoY
- ▼ -1.06%
- 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 |
|
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
|
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| Technology Distribution | 1 | $58B |
|
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| Homebuilding | 1 | $35B |
|
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| Technology Manufacturing | 1 | $35B |
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Price history
+143.5% since first listed12 events — show timeline
- 2026-04-02 Relisted — NAPLESMLS
- 2026-03-03 Pending — NAPLESMLS
- 2026-02-26 Listed $299,000 NAPLESMLS
- 2026-02-09 Rental Removed $4,000 FGCMLS
- 2026-02-07 Listing Removed — FORTMLS
- 2026-01-08 Listed for Rent $4,000 FGCMLS
- 2026-01-08 Rental Removed $4,000 FORTMLS
- 2025-11-24 Price Changed $320,000 FORTMLS
- 2025-10-08 Listed for Rent $4,000 FORTMLS
- 2025-07-24 Price Changed $360,000 FORTMLS
- 2025-03-27 Listed $399,900 FORTMLS
- 1989-10-01 Sold (Public Records) $122,800 Public Records
Property tax history
+7.7%/yrLatest (2025): $3,415 · +3.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…