3023 Horizon Ln #2507 · Pelican Marsh, FL 34109

$419,900

3 bd · 2.0 ba · 1,383 sqft · Condo public records · 70 Days on market

Built 2002 $853/mo HOA · 18% 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 +15.7/30.0
• ARV discount +7.5/15.0
• 1% rule +6.1/10.0
• Appreciation +5.1/10.0
• Schools +5.0/10.0
• DSCR +4.8/10.0
• Rent growth +2.7/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Totally updated!—This beautifully updated first-floor “Garden” end-unit condo is the lowest-priced 3 bedroom & 2 full bath condo in the Rum Bay section of the highly sought-after, gated Bridgewater Bay community and is truly move-in ready, offering 1,383 square feet under air, an northwest-facing exposure for abundant natural light, and absolutely stunning long lake views with breathtaking sunsets. The freshly painted interior features durable, neutral luxury vinyl flooring throughout, newer ceiling fans, lighting, window blinds, , open kitchen with newer cabinetry, quartz countertops, a breakfast bar, and a decorative mosaic tile backsplash—perfect for both everyday living and entertaining. The spacious great room flexibly accommodates dining and living areas and flows seamlessly to the covered, screened lanai with electric storm shutters, recessed lighting, and ceiling fan, creating an ideal space to relax and enjoy the view. The owner’s suite offers a private lanai access, an oversized large walk-in closet with custom built-in closet system. The remodeled owner’s bath with an oversized separate vanities topped in quartz, updated mirrors and lighting, and a large walk-in shower with oversized tile, ceramic tiled walls, and a seamless glass door. The sunny guest bedrooms are welcoming and well-appointed, while the updated guest bath features a white cabinetry, quartz countertops, , tub/shower combo, tiled shower walls, and seamless sliding glass door. A separate laundry and utility area add convenience, and detached enclosed one-car garage with epoxy flooring and ample storage, a dedicated parking space, and plentiful guest parking. Bridgewater Bay offers resort-style amenities highlighted by a recently renovated clubhouse with luxury finishes, catering kitchen, social room, bar area, resort pool, screened lap pool, spa, fitness center, hobby rooms, tennis and pickleball courts, steam room, sauna, and a children’s park, along with a full calendar of seasonal social events. The community features two convenient gated entrances off Livingston Road and Orange Blossom Drive, a full-time handyman for exterior maintenance, immaculately maintained grounds, building exteriors painted in 2025, and roofs replaced in 2018, all within a prime central Naples location close to beaches, Fifth Avenue dining, and premier shopping—making this exceptional condo and vibrant community the perfect place to call home.

Key facts

• Long lake views
• Private lanai access
• $853 HOA

Tags

• GROUND FLOOR END UNIT
• LONG LAKE VIEWS
• COVERED SCREENED LANAI
• PRIVATE LANAI ACCESS
• OVERSIZED WALK-IN CLOSET
• DETACHED ONE-CAR GARAGE

Property features AI

Other

• Possession: Possession at closing
• Restrictions & lot: Deeded and architectural restrictions; Regular lot description; Central irrigation
• Multi-unit information: One unit per floor; 524 units in complex; 8 units in building; Single-story building

Finance

• HOA & community: Mandatory HOA; Condo fee $1,230 quarterly; Master HOA fee $1,330 quarterly; Total annual recurring fees approximately $10,240; Total one-time fees approximately $2,900; On-site management; HOA covers cable, insurance, internet/WiFi access, lawn/land maintenance, legal/accounting, manager, recreation facilities, reserves, sewer, street lights, street maintenance, trash removal, and water; Community amenities include clubhouse, community pool, spa/hot tub, exercise room, sauna, billiards, library, hobby room, play area, community park, sidewalks, streetlights, tennis courts, pickleball, bocce court, basketball, and underground utilities; Community type: Condo/Hotel, Gated

Exterior

• Parking: 2 assigned parking spaces plus guest parking; Detached 1-car garage
• Security: Gated community; Electric shutters for storm protection
• Utilities: Central water; Central sewer; Cable available
• Home design: Residential end-unit; Low rise (1-3 stories); Rear exposure facing northwest; Built in 2002; Located in the Bridgewater Bay development (Rum Bay sub-condo)
• Construction: Concrete block construction; Stucco exterior finish; Tile roof; Year built: 2002
• Exterior features: Patio; Water feature/view (lake); Private screened lanai/porch

Interior

• Kitchen: Pantry; Dishwasher; Cooktop (electric); Range; Self-cleaning oven; Microwave; Disposal
• Bedrooms: 3 bedrooms; Master bedroom on ground level; Split bedrooms layout
• Flooring: Tile flooring
• Bathrooms: 2 full bathrooms; Master bath with dual sinks and shower (no tub)
• Heating & cooling: Central electric heat; Central electric cooling
• Interior features: Built-in cabinets; Cable prewire / Internet access available; Closet cabinets; Foyer; Pantry; Screened lanai/porch; Laundry in residence; Great room floor plan; Split bedroom floor plan
• Laundry & utility: Washer and dryer in unit; Auto garage door

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $420k.

Deal economics

• At list price, monthly cash flow is $183 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $420k).
• Recommended offer: $395k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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 flat; 424 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 $4,668/mo this rent would consume 61% of the median local household income ($92k/yr) (locally 1712% 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 $4k of equity ($3k loan paydown + $1k appreciation (0.3% local appreciation)).
• Collier County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 7, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($395k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: 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 $394,706 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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.
7. 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.
8. 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: 1.11% ✓
• Cap rate: 6.81%
• Cash-on-cash: 1.86%
• DSCR: 1.08
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.29% appreciation · 0.92% rent growth · sell at horizon

5-year hold

• IRR: -0.7%
• Equity multiple: 0.97×
• Total profit: $-3,927
• Equity at exit: $128,154

10-year hold

• IRR: 3.0%
• Equity multiple: 1.32×
• Total profit: $37,468
• Equity at exit: $159,109

Cash invested: $117,572 (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 34109

• Home prices YoY: 0.1%
• Rents YoY: 0.9%
• Active inventory: 424
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $4,668 high
• Mortgage (P&I): −$2,202
• Tax from tax record: −$275 /mo · $3,297/yr
• Insurance: −$175
• HOA: −$853
• Vacancy / Maint / Mgmt: −$980
• Net cashflow: $183

Break-even live

Break-even rent $4,436

Max offer price $419,900

Occupancy floor 91%

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: $104,975
• Closing costs: $12,597
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3015 Horizon Ln #2702 Naples, FL	3.0	2.0	1399	$1,790	$1.28	23d	1	0.04mi
3035 Horizon Ln #2206 Naples, FL	2.0	2.0	1246	$6,000	$4.82	23d	1	0.09mi
3051 Horizon Ln #1803 Naples, FL	2.0	2.0	1482	$5,100	$3.44	23d	1	0.10mi
3009 Driftwood Way #2802 Naples, FL	3.0	2.0	1399	$2,000	$1.43	23d	1	0.11mi
3048 Horizon Ln #1104 Naples, FL	3.0	2.5	1818	$5,150	$2.83	23d	1	0.14mi
3017 Driftwood Way #3001 Naples, FL	3.0	2.0	1385	$5,000	$3.61	23d	1	0.15mi
3062 Driftwood Way #4301 Naples, FL	3.0	2.0	1573	$6,500	$4.13	23d	1	0.16mi
3057 Driftwood Way #4004 Naples, FL	3.0	2.5	1818	$6,400	$3.52	23d	1	0.17mi
2880 Citrus Lake Dr Unit Q201 Naples, FL	3.0	2.0	1590	$2,495	$1.57	13d	1	0.17mi
2860 Citrus Lake Dr Unit R-202 Naples, FL	3.0	2.0	1590	$5,000	$3.14	13d	1	0.20mi
2860 Citrus Lake Dr Unit R202 Naples, FL	3.0	2.0	1590	$5,000	$3.14	23d	1	0.20mi
3025 Driftwood Way #3203 Naples, FL	2.0	2.0	1248	$3,900	$3.12	23d	1	0.21mi
3049 Driftwood Way #3806 Naples, FL	3.0	2.5	1818	$4,700	$2.59	23d	1	0.22mi
3029 Driftwood Way #3303 Naples, FL	2.0	2.0	1248	$4,000	$3.21	23d	1	0.23mi
2885 Citrus Lake Dr Unit N103 Naples, FL	2.0	2.0	1249	$5,250	$4.20	13d	1	0.26mi
3037 Driftwood Way #3505 Naples, FL	2.0	2.0	1248	$2,500	$2.00	23d	1	0.26mi
7030 Lone Oak Blvd Naples, FL	3.0	2.0	1700	$6,400	$3.76	13d	1	0.30mi
2864 Mizzen Way Unit Y106 Naples, FL	2.0	2.0	1350	$5,200	$3.85	13d	1	0.34mi
2731 Citrus Lake Dr #202 Naples, FL	2.0	2.0	1260	$2,500	$1.98	13d	1	0.36mi
2711 Citrus Lake Dr Unit F302 Naples, FL	2.0	2.0	1272	$4,500	$3.54	13d	1	0.40mi
2711 Citrus Lake Dr Unit F305 Naples, FL	3.0	2.0	1480	$5,500	$3.72	13d	1	0.40mi
2730 Sailors Way Naples, FL	3.0	3.0	1700	$9,000	$5.29	23d	1	0.40mi
2671 Citrus Lake Dr Unit E-303 Naples, FL	2.0	2.0	1380	$3,500	$2.54	13d	1	0.43mi
2671 Citrus Lake Dr Unit E-201 Naples, FL	3.0	2.0	1380	$5,250	$3.80	13d	1	0.43mi
2835 Mizzen Way Naples, FL	3.0	2.0	1641	$2,900	$1.77	23d	1	0.45mi
7710 Ahoy Ave Naples, FL	3.0	2.0	1580	$2,950	$1.87	23d	1	0.47mi
2651 Citrus Lake Dr Unit D302 Naples, FL	2.0	2.0	1250	$5,000	$4.00	13d	1	0.47mi
3664 El Segundo Ct Naples, FL	2.0	2.0	1680	$5,500	$3.27	23d	1	0.50mi
2611 Citrus Lake Dr Unit C-203 Naples, FL	3.0	2.0	1710	$5,500	$3.22	13d	1	0.50mi
2516 Orchid Bay Dr #203 Naples, FL	2.0	2.0	1360	$4,750	$3.49	23d	1	0.53mi
3687 El Segundo Ct Naples, FL	2.0	2.0	1680	$5,000	$2.98	23d	1	0.54mi
2729 Branch Ln Naples, FL	3.0	2.0	1800	$3,650	$2.03	23d	1	0.54mi
7416 Plumbago Bridge Rd #103 Naples, FL	2.0	2.0	1223	$2,400	$1.96	13d	1	0.57mi
2541 Citrus Lake Dr Unit A-205 Naples, FL	3.0	2.0	1590	$5,250	$3.30	13d	1	0.58mi
6654 Tannin Ln Unit B Naples, FL	2.0	2.0	1441	$3,100	$2.15	23d	1	0.59mi
2608 Sailors Way #122 Naples, FL	2.0	2.0	1387	$5,500	$3.97	23d	1	0.60mi
7518 Silver Trumpet Ln Unit Q102 Naples, FL	2.0	2.0	1300	$2,600	$2.00	13d	1	0.63mi
7762 Gardner Dr #102 Naples, FL	2.0	2.0	1607	$6,000	$3.73	23d	1	0.63mi
2585 Old Groves Rd Unit L203 Naples, FL	2.0	2.0	1448	$5,500	$3.80	13d	1	0.65mi
7822 Gardner Dr Unit 6-101 Naples, FL	2.0	2.0	1607	$2,500	$1.56	23d	1	0.65mi

HOA detail condo

• Monthly dues: $853 · $10,236/yr
• Likely covers: waterelectriclandscapingexterior maint.poolgymsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-15
   days on market $419,900 Active 70 DOM
2. 2026-06-14
   statusdays on market $419,900 Active 68 DOM
3. 2026-06-07
   statusdays on market $419,900 Pending With Contingencies 65 DOM
4. 2026-06-03
   days on market $419,900 Active 61 DOM
5. 2026-06-02
   days on market $419,900 Active 60 DOM
6. 2026-06-01
   days on market $419,900 Active 59 DOM
7. 2026-05-31
   days on market $419,900 Active 58 DOM
8. 2026-05-30
   days on market $419,900 Active 57 DOM
9. 2026-04-03
   listed $419,900 Active
10. 2026-02-17
    soldstatus $395,000
11. 2026-02-12
    historical 2494-char remark

    Show marketing remark (2494 chars)

    Totally updated!—This beautifully updated first-floor “Garden” end-unit condo is the lowest-priced 3 bedroom & 2 full bath condo in the Rum Bay section of the highly sought-after, gated Bridgewater Bay community and is truly move-in ready, offering 1,383 square feet under air, an northwest-facing exposure for abundant natural light, and absolutely stunning long lake views with breathtaking sunsets. The freshly painted interior features durable, neutral luxury vinyl flooring throughout, newer ceiling fans, lighting, window blinds, , open kitchen with newer cabinetry, quartz countertops, a breakfast bar, and a decorative mosaic tile backsplash—perfect for both everyday living and entertaining. The spacious great room flexibly accommodates dining and living areas and flows seamlessly to the covered, screened lanai with electric storm shutters, recessed lighting, and ceiling fan, creating an ideal space to relax and enjoy the view. The owner’s suite offers a private lanai access, an oversized large walk-in closet with custom built-in closet system. The remodeled owner’s bath with an oversized separate vanities topped in quartz, updated mirrors and lighting, and a large walk-in shower with oversized tile, ceramic tiled walls, and a seamless glass door. The sunny guest bedrooms are welcoming and well-appointed, while the updated guest bath features a white cabinetry, quartz countertops, , tub/shower combo, tiled shower walls, and seamless sliding glass door. A separate laundry and utility area add convenience, and detached enclosed one-car garage with epoxy flooring and ample storage, a dedicated parking space, and plentiful guest parking. Bridgewater Bay offers resort-style amenities highlighted by a recently renovated clubhouse with luxury finishes, catering kitchen, social room, bar area, resort pool, screened lap pool, spa, fitness center, hobby rooms, tennis and pickleball courts, steam room, sauna, and a children’s park, along with a full calendar of seasonal social events. The community features two convenient gated entrances off Livingston Road and Orange Blossom Drive, a full-time handyman for exterior maintenance, immaculately maintained grounds, building exteriors painted in 2025, and roofs replaced in 2018, all within a prime central Naples location close to beaches, Fifth Avenue dining, and premier shopping—making this exceptional condo and vibrant community the perfect place to call home.

12. 2026-02-12
    soldstatus $395,000 Sold 2494-char remark

    Show marketing remark (2494 chars)

    Totally updated!—This beautifully updated first-floor “Garden” end-unit condo is the lowest-priced 3 bedroom & 2 full bath condo in the Rum Bay section of the highly sought-after, gated Bridgewater Bay community and is truly move-in ready, offering 1,383 square feet under air, an northwest-facing exposure for abundant natural light, and absolutely stunning long lake views with breathtaking sunsets. The freshly painted interior features durable, neutral luxury vinyl flooring throughout, newer ceiling fans, lighting, window blinds, , open kitchen with newer cabinetry, quartz countertops, a breakfast bar, and a decorative mosaic tile backsplash—perfect for both everyday living and entertaining. The spacious great room flexibly accommodates dining and living areas and flows seamlessly to the covered, screened lanai with electric storm shutters, recessed lighting, and ceiling fan, creating an ideal space to relax and enjoy the view. The owner’s suite offers a private lanai access, an oversized large walk-in closet with custom built-in closet system. The remodeled owner’s bath with an oversized separate vanities topped in quartz, updated mirrors and lighting, and a large walk-in shower with oversized tile, ceramic tiled walls, and a seamless glass door. The sunny guest bedrooms are welcoming and well-appointed, while the updated guest bath features a white cabinetry, quartz countertops, , tub/shower combo, tiled shower walls, and seamless sliding glass door. A separate laundry and utility area add convenience, and detached enclosed one-car garage with epoxy flooring and ample storage, a dedicated parking space, and plentiful guest parking. Bridgewater Bay offers resort-style amenities highlighted by a recently renovated clubhouse with luxury finishes, catering kitchen, social room, bar area, resort pool, screened lap pool, spa, fitness center, hobby rooms, tennis and pickleball courts, steam room, sauna, and a children’s park, along with a full calendar of seasonal social events. The community features two convenient gated entrances off Livingston Road and Orange Blossom Drive, a full-time handyman for exterior maintenance, immaculately maintained grounds, building exteriors painted in 2025, and roofs replaced in 2018, all within a prime central Naples location close to beaches, Fifth Avenue dining, and premier shopping—making this exceptional condo and vibrant community the perfect place to call home.

13. 2026-01-22
    status Pending 2494-char remark

    Show marketing remark (2494 chars)

    Totally updated!—This beautifully updated first-floor “Garden” end-unit condo is the lowest-priced 3 bedroom & 2 full bath condo in the Rum Bay section of the highly sought-after, gated Bridgewater Bay community and is truly move-in ready, offering 1,383 square feet under air, an northwest-facing exposure for abundant natural light, and absolutely stunning long lake views with breathtaking sunsets. The freshly painted interior features durable, neutral luxury vinyl flooring throughout, newer ceiling fans, lighting, window blinds, , open kitchen with newer cabinetry, quartz countertops, a breakfast bar, and a decorative mosaic tile backsplash—perfect for both everyday living and entertaining. The spacious great room flexibly accommodates dining and living areas and flows seamlessly to the covered, screened lanai with electric storm shutters, recessed lighting, and ceiling fan, creating an ideal space to relax and enjoy the view. The owner’s suite offers a private lanai access, an oversized large walk-in closet with custom built-in closet system. The remodeled owner’s bath with an oversized separate vanities topped in quartz, updated mirrors and lighting, and a large walk-in shower with oversized tile, ceramic tiled walls, and a seamless glass door. The sunny guest bedrooms are welcoming and well-appointed, while the updated guest bath features a white cabinetry, quartz countertops, , tub/shower combo, tiled shower walls, and seamless sliding glass door. A separate laundry and utility area add convenience, and detached enclosed one-car garage with epoxy flooring and ample storage, a dedicated parking space, and plentiful guest parking. Bridgewater Bay offers resort-style amenities highlighted by a recently renovated clubhouse with luxury finishes, catering kitchen, social room, bar area, resort pool, screened lap pool, spa, fitness center, hobby rooms, tennis and pickleball courts, steam room, sauna, and a children’s park, along with a full calendar of seasonal social events. The community features two convenient gated entrances off Livingston Road and Orange Blossom Drive, a full-time handyman for exterior maintenance, immaculately maintained grounds, building exteriors painted in 2025, and roofs replaced in 2018, all within a prime central Naples location close to beaches, Fifth Avenue dining, and premier shopping—making this exceptional condo and vibrant community the perfect place to call home.

14. 2026-01-08
    status Active 2494-char remark

    Show marketing remark (2494 chars)

    Totally updated!—This beautifully updated first-floor “Garden” end-unit condo is the lowest-priced 3 bedroom & 2 full bath condo in the Rum Bay section of the highly sought-after, gated Bridgewater Bay community and is truly move-in ready, offering 1,383 square feet under air, an northwest-facing exposure for abundant natural light, and absolutely stunning long lake views with breathtaking sunsets. The freshly painted interior features durable, neutral luxury vinyl flooring throughout, newer ceiling fans, lighting, window blinds, , open kitchen with newer cabinetry, quartz countertops, a breakfast bar, and a decorative mosaic tile backsplash—perfect for both everyday living and entertaining. The spacious great room flexibly accommodates dining and living areas and flows seamlessly to the covered, screened lanai with electric storm shutters, recessed lighting, and ceiling fan, creating an ideal space to relax and enjoy the view. The owner’s suite offers a private lanai access, an oversized large walk-in closet with custom built-in closet system. The remodeled owner’s bath with an oversized separate vanities topped in quartz, updated mirrors and lighting, and a large walk-in shower with oversized tile, ceramic tiled walls, and a seamless glass door. The sunny guest bedrooms are welcoming and well-appointed, while the updated guest bath features a white cabinetry, quartz countertops, , tub/shower combo, tiled shower walls, and seamless sliding glass door. A separate laundry and utility area add convenience, and detached enclosed one-car garage with epoxy flooring and ample storage, a dedicated parking space, and plentiful guest parking. Bridgewater Bay offers resort-style amenities highlighted by a recently renovated clubhouse with luxury finishes, catering kitchen, social room, bar area, resort pool, screened lap pool, spa, fitness center, hobby rooms, tennis and pickleball courts, steam room, sauna, and a children’s park, along with a full calendar of seasonal social events. The community features two convenient gated entrances off Livingston Road and Orange Blossom Drive, a full-time handyman for exterior maintenance, immaculately maintained grounds, building exteriors painted in 2025, and roofs replaced in 2018, all within a prime central Naples location close to beaches, Fifth Avenue dining, and premier shopping—making this exceptional condo and vibrant community the perfect place to call home.

15. 2026-01-05
    status Pending With Contingencies 2494-char remark

    Show marketing remark (2494 chars)

    Totally updated!—This beautifully updated first-floor “Garden” end-unit condo is the lowest-priced 3 bedroom & 2 full bath condo in the Rum Bay section of the highly sought-after, gated Bridgewater Bay community and is truly move-in ready, offering 1,383 square feet under air, an northwest-facing exposure for abundant natural light, and absolutely stunning long lake views with breathtaking sunsets. The freshly painted interior features durable, neutral luxury vinyl flooring throughout, newer ceiling fans, lighting, window blinds, , open kitchen with newer cabinetry, quartz countertops, a breakfast bar, and a decorative mosaic tile backsplash—perfect for both everyday living and entertaining. The spacious great room flexibly accommodates dining and living areas and flows seamlessly to the covered, screened lanai with electric storm shutters, recessed lighting, and ceiling fan, creating an ideal space to relax and enjoy the view. The owner’s suite offers a private lanai access, an oversized large walk-in closet with custom built-in closet system. The remodeled owner’s bath with an oversized separate vanities topped in quartz, updated mirrors and lighting, and a large walk-in shower with oversized tile, ceramic tiled walls, and a seamless glass door. The sunny guest bedrooms are welcoming and well-appointed, while the updated guest bath features a white cabinetry, quartz countertops, , tub/shower combo, tiled shower walls, and seamless sliding glass door. A separate laundry and utility area add convenience, and detached enclosed one-car garage with epoxy flooring and ample storage, a dedicated parking space, and plentiful guest parking. Bridgewater Bay offers resort-style amenities highlighted by a recently renovated clubhouse with luxury finishes, catering kitchen, social room, bar area, resort pool, screened lap pool, spa, fitness center, hobby rooms, tennis and pickleball courts, steam room, sauna, and a children’s park, along with a full calendar of seasonal social events. The community features two convenient gated entrances off Livingston Road and Orange Blossom Drive, a full-time handyman for exterior maintenance, immaculately maintained grounds, building exteriors painted in 2025, and roofs replaced in 2018, all within a prime central Naples location close to beaches, Fifth Avenue dining, and premier shopping—making this exceptional condo and vibrant community the perfect place to call home.

16. 2025-12-23
    price $395,000 2494-char remark

    Show marketing remark (2494 chars)

    Totally updated!—This beautifully updated first-floor “Garden” end-unit condo is the lowest-priced 3 bedroom & 2 full bath condo in the Rum Bay section of the highly sought-after, gated Bridgewater Bay community and is truly move-in ready, offering 1,383 square feet under air, an northwest-facing exposure for abundant natural light, and absolutely stunning long lake views with breathtaking sunsets. The freshly painted interior features durable, neutral luxury vinyl flooring throughout, newer ceiling fans, lighting, window blinds, , open kitchen with newer cabinetry, quartz countertops, a breakfast bar, and a decorative mosaic tile backsplash—perfect for both everyday living and entertaining. The spacious great room flexibly accommodates dining and living areas and flows seamlessly to the covered, screened lanai with electric storm shutters, recessed lighting, and ceiling fan, creating an ideal space to relax and enjoy the view. The owner’s suite offers a private lanai access, an oversized large walk-in closet with custom built-in closet system. The remodeled owner’s bath with an oversized separate vanities topped in quartz, updated mirrors and lighting, and a large walk-in shower with oversized tile, ceramic tiled walls, and a seamless glass door. The sunny guest bedrooms are welcoming and well-appointed, while the updated guest bath features a white cabinetry, quartz countertops, , tub/shower combo, tiled shower walls, and seamless sliding glass door. A separate laundry and utility area add convenience, and detached enclosed one-car garage with epoxy flooring and ample storage, a dedicated parking space, and plentiful guest parking. Bridgewater Bay offers resort-style amenities highlighted by a recently renovated clubhouse with luxury finishes, catering kitchen, social room, bar area, resort pool, screened lap pool, spa, fitness center, hobby rooms, tennis and pickleball courts, steam room, sauna, and a children’s park, along with a full calendar of seasonal social events. The community features two convenient gated entrances off Livingston Road and Orange Blossom Drive, a full-time handyman for exterior maintenance, immaculately maintained grounds, building exteriors painted in 2025, and roofs replaced in 2018, all within a prime central Naples location close to beaches, Fifth Avenue dining, and premier shopping—making this exceptional condo and vibrant community the perfect place to call home.

17. 2025-12-23
    listed $385,000 Active 2494-char remark

    Show marketing remark (2494 chars)

    Totally updated!—This beautifully updated first-floor “Garden” end-unit condo is the lowest-priced 3 bedroom & 2 full bath condo in the Rum Bay section of the highly sought-after, gated Bridgewater Bay community and is truly move-in ready, offering 1,383 square feet under air, an northwest-facing exposure for abundant natural light, and absolutely stunning long lake views with breathtaking sunsets. The freshly painted interior features durable, neutral luxury vinyl flooring throughout, newer ceiling fans, lighting, window blinds, , open kitchen with newer cabinetry, quartz countertops, a breakfast bar, and a decorative mosaic tile backsplash—perfect for both everyday living and entertaining. The spacious great room flexibly accommodates dining and living areas and flows seamlessly to the covered, screened lanai with electric storm shutters, recessed lighting, and ceiling fan, creating an ideal space to relax and enjoy the view. The owner’s suite offers a private lanai access, an oversized large walk-in closet with custom built-in closet system. The remodeled owner’s bath with an oversized separate vanities topped in quartz, updated mirrors and lighting, and a large walk-in shower with oversized tile, ceramic tiled walls, and a seamless glass door. The sunny guest bedrooms are welcoming and well-appointed, while the updated guest bath features a white cabinetry, quartz countertops, , tub/shower combo, tiled shower walls, and seamless sliding glass door. A separate laundry and utility area add convenience, and detached enclosed one-car garage with epoxy flooring and ample storage, a dedicated parking space, and plentiful guest parking. Bridgewater Bay offers resort-style amenities highlighted by a recently renovated clubhouse with luxury finishes, catering kitchen, social room, bar area, resort pool, screened lap pool, spa, fitness center, hobby rooms, tennis and pickleball courts, steam room, sauna, and a children’s park, along with a full calendar of seasonal social events. The community features two convenient gated entrances off Livingston Road and Orange Blossom Drive, a full-time handyman for exterior maintenance, immaculately maintained grounds, building exteriors painted in 2025, and roofs replaced in 2018, all within a prime central Naples location close to beaches, Fifth Avenue dining, and premier shopping—making this exceptional condo and vibrant community the perfect place to call home.

18. 2009-03-09
    soldstatus $212,000
19. 2004-05-07
    soldstatus $214,000

ⓘ 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: $3,297 · $275/mo
• Projected year-2 tax: $3,485 · $290/mo
• Expected delta: +$188/yr (+$16/mo · 5.7%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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: $56,011
• − Mortgage interest: −$23,521
• − Property taxes: −$3,297
• − Insurance: −$2,100
• − Repairs & maintenance: −$4,481
• − Management: −$4,481
• − HOA: −$10,236
• − Depreciation: −$12,215
• Taxable loss: −$4,320
• Est. tax savings @ 24.0%: +$1,037
• After-tax cash flow: $3,228/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 — Pelican Marsh

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Collier County · 396,295 people
• Metro: Naples-Marco Island, FL
• Population (ZIP): 27,273
• Household income: $92,259
• Rent vs Own: 33.3% rent · 66.7% own
• Severe rent burden: 1712.0

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 (78%)
• Race & ethnicity: White 78% Hispanic / Latino 11% Two or more races 9% Black 4% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 1% Cuban 3%
• Common ancestry: Romanian 5% Scotch-Irish 3% Lithuanian 2%
• Foreign-born: 20% · Canada, Jamaica, Vietnam
• Languages at home: 77% English-only · Spanish 10% Other Indo-European 5% Russian/Polish/Slavic 3%

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: ▲ 0.29%
• Current HPI: 279.357
• Rent YoY: ▲ 0.92%
• 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

+96.2% since first listed

11 events — show timeline

• 2026-04-03 Listed $419,900 NAPLESMLS
• 2026-02-17 Sold (Public Records) $395,000 Public Records
• 2026-02-12 Listing Removed — NAPLESMLS
• 2026-02-12 Sold (MLS) $395,000 NAPLESMLS
• 2026-01-22 Pending — NAPLESMLS
• 2026-01-08 Relisted — NAPLESMLS
• 2026-01-05 Pending — NAPLESMLS
• 2025-12-23 Price Changed $395,000 NAPLESMLS
• 2025-12-23 Listed $385,000 NAPLESMLS
• 2009-03-09 Sold (Public Records) $212,000 Public Records
• 2004-05-07 Sold (Public Records) $214,000 Public Records

Property tax history

+6.6%/yr

Latest (2025): $3,297 · +2.0% YoY. Source: county tax records.