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1305 Marlin Drive
About This Property
Light-filled, open-concept living spaces are thoughtfully arranged with refined finishes, bespoke detailing, and a natural flow suited to both everyday living and elevated entertaining. A sophisticated club room with a full bar anchors the interior, offering a stylish yet inviting space to gather.
Outdoor living is equally compelling, highlighted by a spacious pool and hot tub, expansive terraces, a beautiful maintenance-free composite-trimmed dock spanning the entire waterway, and lounge areas positioned to embrace the bay-ideal for alfresco dining, entertaining, and enjoying unforgettable Naples sunsets. The property also features a boat lift accommodating up to a 36-foot vessel, along with a jet ski platform for two units.
Perfectly positioned within the coveted Royal Harbor community, the residence places you just minutes from the world-class shopping, dining, and pristine beaches of 5th Avenue South. A truly exceptional opportunity to own a newly constructed waterfront home in one of Naples' most prestigious locations, where timeless design, craftsmanship, and a premier bayfront lifestyle come together to deliver the very best of Naples living.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 18, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Feb 12, 2026 | Listed by Coldwell Banker Realty | $11,300,000 | |
| Listed by Coldwell Banker Realty | |||
| Mar 6, 2025 | Sold | ||
| Sold | |||
| Feb 8, 2025 | In contract | - | |
| In contract | |||
| Nov 19, 2024 | Price Decreased |
$4,995,000
↓ $355K
(6.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017