1380 Marlin Drive
About This Property
The home features desirable first-floor living with the added flexibility of a spacious second level. The main level includes multiple generous living areas, a large primary suite, two additional ensuite bedrooms, a study, formal and informal dining areas, a well-appointed kitchen, powder room, and laundry. Upstairs, a versatile bonus level is perfectly suited as a private guest retreat, offering a large bedroom, full bath, oversized bonus room, and balcony with bay views.
Boaters will appreciate the 13,000-lb boat lift and quick Gulf access via Gordon Pass in approximately 12 minutes. With a base floor elevation of 10 feet, the home has never experienced interior flood water. Royal Harbor's prime location places residents just minutes from downtown Naples, white-sand beaches, the Bay Shore Arts District, Baker Park, the Botanical Gardens, and everyday shopping and dining.
Well maintained and priced to sell, this waterfront home is ready for a new owner to add personal touches and enjoy the best of the Naples boating lifestyle.
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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 |
|---|---|---|---|
| Mar 2, 2026 | Sold | ||
| Sold | |||
| Feb 24, 2026 | In contract | - | |
| In contract | |||
| Feb 5, 2026 | Price Decreased |
$4,295,000
↓ $254K
(5.6%) | |
| Price Decreased | |||
| Dec 14, 2025 | Price Decreased |
$4,549,000
↓ $25K
(0.6%) | |
| Price Decreased | |||
| Oct 22, 2025 | Listed by Coldwell Banker Realty | $4,574,000 | |
| Listed by Coldwell Banker Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017