$445,000
●
Condo -
Off Market
3200 Binnacle Drive #I1
NAPLES, FL 34103
2 Beds
2 Baths
1,353 Ft²
$5,507
Est. Monthly
$2,925
HOA / Fees
1.87%
Cap Rate
About This Property
PRICED BELOW APPRAISED VALUE! Lives like a single-family home
unattached with 1353 SF under air for a total of 1494 SF, ensuring
a level of privacy that is truly unparalleled. Located West of 41
within walking distance to Moorings Private Beach, offers a
2-bedroom, 2-bathroom with an expansive and private terrace that
invites you to indulge in outdoor living, a perfect spot for al
fresco dining, relaxation, and enjoying the serene surroundings.
Renovated condo, situated on the first floor, this end unit stands
independently creating an ambiance of timeless luxury. Updates
include a 2023 AC system, full-size washer & dryer, Marble
travertine floor throughout, hurricane high-impact windows, deeded
carport space etc. The thoughtful updates and attention to detail
make this property perfectly suited to be your primary residence, a
seasonal retreat, or a savvy investment opportunity. The Navarra
Club features a community pool, spa, grilling area, and cabana for
a feeling of vacation year-round. Minutes drive from world-class
shopping, dining, and entertainment in Olde Naples, Venetian
Village, Waterside, and Mercato.
Unit Size
1,353 Ft²
Days on Market
206 days
Land Size
-
Price per sqft
$354
Property Type
Condo
Property Taxes
$229
HOA Dues
$2,925
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: 3 years ago (SWFLMLS #224008555)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2024 | Sold | ||
| Sold | |||
| Jul 23, 2024 | In contract | - | |
| In contract | |||
| Jan 25, 2024 | Listed by Downing Frye Realty Inc. | $479,000 | |
| Listed by Downing Frye Realty Inc. | |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Detached Carport
Covered Spaces: 1
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Interior Features: Builtin Features, Coffered Ceilings, Eatin Kitchen, Family Dining Room, Living Dining Room, Main Level Primary, Sitting Areain Primary, Tub Shower, Cable TV, Walk In Closets, Split Bedrooms
Appliances: Dryer, Dishwasher, Disposal
Flooring Type: Marble, Terrazzo
Living Area Square Feet Source: Plans
Laundry Features: Inside
Exterior Details
Road Frontage Type: PrivateRoad
Property Condition: Resale
Year Built: 1982
Waterfront Features: None
Home Type: Residential
Architectural Style: Ranch, One Story, Low Rise
Roof: Shingle
Window Features: Double Hung, Single Hung, Impact Glass
Construction Materials: Block, Concrete, Stucco
Outdoor Living Structures: Lanai, Porch, Screened
ZeroLotLine
Lot Size Source: Plans
Financial Details
Tax Year: 2023
Tax Annual Amount: $2,752
Utilities Details
Cooling Type: Central Air, Ceiling Fans, Electric
Heating Type: Central, Electric
Utilities: Cable Available, High Speed Internet Available
Location Details
Association Fee Includes: CableTV, Insurance, IrrigationWater, Laundry, LegalAccounting, MaintenanceGrounds, PestControl, Sewer
Association Amenities: Beach Rights
Association Fee2: $2,925
Association Fee2 Frequency: Quarterly
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 |
|---|---|---|---|---|---|---|---|
|
01/05/2026
|
2 Bed
|
2 Bath
|
1350 ft²
|
$439,000
2 Bed
2 Bath
1350 ft²
|
$350,000
-20.27%
06/15/2026
|
Elizabeth Hoffmann
Bonnycastle Realty
| |
|
12/23/2025
|
2 Bed
|
2 Bath
|
1497 ft²
|
$479,999
2 Bed
2 Bath
1497 ft²
|
$420,000
-12.50%
05/26/2026
|
Keri Huber
John R Wood Properties
| |
|
11/14/2025
|
2 Bed
|
2 Bath
|
1350 ft²
|
$525,000
2 Bed
2 Bath
1350 ft²
|
$478,000
-8.95%
05/29/2026
|
Michael Dorobanti
Downing Frye Realty Inc.
| |
|
07/24/2024
|
2 Bed
|
2 Bath
|
1514 ft²
|
$599,900
2 Bed
2 Bath
1514 ft²
|
-
-
|
Moe Mossa
Savvy Avenue LLC
| |
|
05/13/2025
|
2 Bed
|
2 Bath
|
1350 ft²
|
$449,000
2 Bed
2 Bath
1350 ft²
|
-
-
|
Elizabeth Hoffmann
Bonnycastle Realty
| |
|
04/29/2025
|
2 Bed
|
2 Bath
|
1354 ft²
|
$449,000
2 Bed
2 Bath
1354 ft²
|
$425,000
-5.35%
05/27/2025
|
Amy Ashby
VIP Realty Group, Inc.
| |
|
10/14/2024
|
2 Bed
|
2 Bath
|
1350 ft²
|
$550,000
2 Bed
2 Bath
1350 ft²
|
-
-
|
John Lynch
PONCE INLET REALTY, INC
| |
|
12/03/2024
|
2 Bed
|
2 Bath
|
1350 ft²
|
$590,000
2 Bed
2 Bath
1350 ft²
|
-
-
|
Keri Huber
John R Wood Properties
| |
|
01/25/2024
|
2 Bed
|
2 Bath
|
1353 ft²
|
$479,000
2 Bed
2 Bath
1353 ft²
|
$445,000
-7.10%
08/19/2024
|
Michael Dorobanti
Downing Frye Realty Inc.
| |
|
08/11/2023
|
2 Bed
|
2 Bath
|
1514 ft²
|
$629,900
2 Bed
2 Bath
1514 ft²
|
-
-
|
Moe Mossa
Savvy Avenue LLC
|
Building Info
About Naples
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Listed by: Michael Dorobanti, Downing Frye Realty Inc.
Last Updated: 3 years ago
Data Source: SWFLMLS, MLS# 224008555
Last Updated: 3 years ago
Data Source: SWFLMLS, MLS# 224008555
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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