$199,900
●
Condo -
Off Market
208 Palm Drive #3
Naples, FL 34112
2 Beds
2 Baths
1,030 Ft²
$2,117
Est. Monthly
$1,059
HOA / Fees
7.56%
Cap Rate
About This Property
A must see recently renovated condo in a bundled golf
community 3 miles from downtown Naples. The Glades is a wonderful
Golfers paradise. The golf is included in the condo HOA's
along with water, cable, internet and all the amenities. There is
also organized tennis, pickleball and bocci leagues. Meet up with
your new friends and the 19th hole restaurant where there is no
annual minimum requirement. This condo was completely renovated in
2019. Including new appliances and air conditioning. The
bedrooms are very large and the master has a large walk in
closet that can accommodate a washer and dryer if you desire.
The community laundry is at the other end of the building.
This unit is being sold turnkey furnished with bright coastal
contemporary decor. There is a leather sofa in living room
that converts to a queen size sleeper. This building was recently
updated and includes a new roof and hurricane impact resistant
windows and doors. You are walking distance to the main clubhouse
and the resort like pool. There are 8 other pools throughout the
community you can use also.
Unit Size
1,030 Ft²
Days on Market
-
Land Size
-
Price per sqft
$194
Property Type
Condo
Property Taxes
$76
HOA Dues
$1,059
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (SWFLMLS #224105251)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 20, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Dec 28, 2024 | Listed by Downing Frye Realty Inc. | $199,900 | |
| Listed by Downing Frye Realty Inc. | |||
Property Highlights
Parking Available
Air Conditioning
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Levels: Two
Interior Features: Breakfast Bar, Built In Features, Bedroom On Main Level, Family Dining Room, Living Dining Room, Main Level Primary, Shower Only, Separate Shower, Cable Tv, High Speed Internet
Appliances: Freezer, Range, Refrigerator, Self Cleaning Oven
Flooring Type: Tile
Living Area Square Feet Source: Measured
Exterior Details
Property Condition: Resale
Year Built: 1973
Waterfront Features: None
Home Type: Residential
Architectural Style: Coach Carriage, Courtyard, Two Story, Low Rise
Roof: Shingle
Window Features: Impact Glass
Construction Materials: Block, Concrete, Stucco
Outdoor Living Structures: Patio
Pool Features: Community
Other, ZeroLotLine
Lot Size Source: Measured
Financial Details
Tax Year: 2023
Tax Annual Amount: $913
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Utilities: Cable Available, High Speed Internet Available
Location Details
Association Fee Includes: CableTv, Golf, Insurance, Internet, IrrigationWater, Laundry, MaintenanceGrounds, PestControl, RecreationFacilities, ReserveFund, Sewer, StreetLights, Security, Trash, Water
Association Amenities: Bocce Court, Clubhouse, Golf Course, Pickleball, Pool, Putting Greens, Restaurant
Association Fee: $1,059
Association Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/29/2025
|
2 Bed
|
2 Bath
|
1010 ft²
|
$198,000
2 Bed
2 Bath
1010 ft²
|
-
-
|
Rhina Delgado
LuxRe, LLC
| |
|
12/28/2024
|
2 Bed
|
2 Bath
|
1030 ft²
|
$199,900
2 Bed
2 Bath
1030 ft²
|
-
-
|
Susan Antonio
Downing Frye Realty Inc.
| |
|
05/24/2024
|
2 Bed
|
2 Bath
|
1010 ft²
|
$299,000
2 Bed
2 Bath
1010 ft²
|
-
-
|
Kim Pojeta
MVP Realty Associates LLC
| |
|
01/25/2024
|
2 Bed
|
2 Bath
|
1010 ft²
|
$218,000
2 Bed
2 Bath
1010 ft²
|
-
-
|
Rhina Delgado
LuxRe, LLC
| |
|
07/21/2023
|
2 Bed
|
2 Bath
|
1010 ft²
|
$229,000
2 Bed
2 Bath
1010 ft²
|
-
-
|
Trip McNamara
Premiere Plus Realty Co.
| |
|
05/01/2019
|
2 Bed
|
2 Bath
|
1010 ft²
|
$135,000
2 Bed
2 Bath
1010 ft²
|
-
-
|
-
| |
|
12/21/2018
|
2 Bed
|
2 Bath
|
1010 ft²
|
$137,500
2 Bed
2 Bath
1010 ft²
|
-
-
|
-
| |
|
07/29/2017
| |
2 Bed
|
2 Bath
|
1010 ft²
|
-
2 Bed
2 Bath
1010 ft²
|
-
-
|
-
|
|
08/07/2009
|
2 Bed
|
2 Bath
|
1010 ft²
|
$49,900
2 Bed
2 Bath
1010 ft²
|
$51,000
+2.20%
12/28/2009
|
Robert Sievers
L.H. Fleming & Company, Real Estate
|
Building Info
About East Naples
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Listed by: Susan Antonio, Downing Frye Realty Inc.
Last Updated: 2 years ago
Data Source: SWFLMLS, MLS# 224105251
Last Updated: 2 years ago
Data Source: SWFLMLS, MLS# 224105251
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2026 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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