40 Seagate Drive #1002A
About This Property
Conveniently located between Pelican Bay and Park Shore Drive, this property is within walking or biking distance to the Naples Philharmonic, Waterside Shops and The Village on Venetian Bay which offer some of the best shopping and dining in the area. Naples Cay has all of the charm, ambiance and amenities that make it your best choice for enjoying the Naples area.
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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%.
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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.
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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 |
|---|---|---|---|
| May 25, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jan 20, 2025 | Listed by Downing Frye Realty Inc. | $1,969,000 | |
| Listed by Downing Frye Realty Inc. | |||
| | |||
|
NAPLES BEACHFRONT! BEST INVESTMENT! WEEKLY RENTALS ALLOWED! RENOVATED UPSCALE TURNKEY FURNISHED CONDO!!! Inside the guarded gates of the Naples Cay beach community, this spectacular newly RENOVATED, two-bedroom, two-bath PLUS DEN condominium overlooks the white sands beach of the Gulf of Mexico! Use it yourself when desired while receiving benefits from EXTREMELY SUCCESSFUL RENTALS. Sleeps 6 and has 5 Star Reviews! Enjoy panoramic views from the extended balcony with relaxing lanai furniture. Inside, the unit boasts marble counter tops, hardwood and marble floors and power shades in the living room and master bedroom. The master boasts a king size bed with numerous views of the Gulf through two sets of floor to ceiling sliding glass doors. The guest bedroom has two custom full size beds with extra long king size length. This well-equipped and family friendly unit offers two 50 inch LED TV's, a full state of the art fully stocked kitchen, washer/dryer, and free high-speed internet access. The building amenities include an incredible heated swimming pool, a sophisticated fitness room, community grills for barbecuing, and tennis courts. Beach chairs, umbrella, linens, towels are all provided.
Conveniently located between Pelican Bay and Park Shore Drive, this property is within walking or biking distance to the Naples Philharmonic, Waterside Shops and The Village on Venetian Bay which offer some of the best shopping and dining in the area. Naples Cay has all of the charm, ambiance and amenities that make it your best choice for enjoying the Naples area.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/03/2026
|
2 Bed
|
2 Bath
|
1305 ft²
|
$1,650,000
2 Bed
2 Bath
1305 ft²
|
$1,575,000
-4.55%
05/06/2026
|
Robin Galles
Premiere Plus Realty Co.
| |
|
12/01/2025
|
3 Bed
|
2 Bath
|
1445 ft²
|
$1,850,000
3 Bed
2 Bath
1445 ft²
|
$1,700,000
-8.11%
01/23/2026
|
Fauzia Tahiry
Downing Frye Realty Inc.
| |
|
01/20/2025
|
2 Bed
|
2 Bath
|
1305 ft²
|
$1,995,000
2 Bed
2 Bath
1305 ft²
|
-
-
|
Mary Catherine White
Downing Frye Realty Inc.
| |
|
01/03/2025
|
2 Bed
|
2 Bath
|
1305 ft²
|
$1,620,000
2 Bed
2 Bath
1305 ft²
|
$1,450,000
-10.49%
11/07/2025
|
Fauzia Tahiry
Downing Frye Realty Inc.
| |
|
03/20/2024
|
3 Bed
|
2 Bath
|
1445 ft²
|
$2,150,000
3 Bed
2 Bath
1445 ft²
|
-
-
|
Fauzia Tahiry
Downing Frye Realty Inc.
| |
|
07/21/2023
|
2 Bed
|
2 Bath
|
1305 ft²
|
$1,550,000
2 Bed
2 Bath
1305 ft²
|
-
-
|
Catherine McCormick
Premier Sotheby's Int'l Realty
| |
|
07/05/2022
|
3 Bed
|
2 Bath
|
1445 ft²
|
$1,400,000
3 Bed
2 Bath
1445 ft²
|
-
-
|
Fauzia Tahiry
Downing Frye Realty Inc.
| |
|
11/03/2020
|
3 Bed
|
2 Bath
|
1445 ft²
|
$1,250,000
3 Bed
2 Bath
1445 ft²
|
$1,200,000
-4.00%
12/30/2020
|
Marcia J Hawken
| |
|
02/10/2020
|
2 Bed
|
2 Bath
|
1305 ft²
|
$1,250,000
2 Bed
2 Bath
1305 ft²
|
-
-
|
-
| |
|
01/02/2019
|
2 Bed
|
2 Bath
|
1305 ft²
|
$1,300,000
2 Bed
2 Bath
1305 ft²
|
-
-
|
-
| |
|
08/28/2018
|
2 Bed
|
2 Bath
|
1305 ft²
|
-
2 Bed
2 Bath
1305 ft²
|
-
-
|
-
| |
|
08/24/2018
|
2 Bed
|
2 Bath
|
1305 ft²
|
$1,425,000
2 Bed
2 Bath
1305 ft²
|
-
-
|
-
| |
|
07/19/2018
| |
2 Bed
|
2 Bath
|
1305 ft²
|
-
2 Bed
2 Bath
1305 ft²
|
-
-
|
-
|
|
03/05/2018
|
2 Bed
|
2 Bath
|
1305 ft²
|
-
2 Bed
2 Bath
1305 ft²
|
-
-
|
-
| |
|
04/24/2013
|
2 Bed
|
2 Bath
|
1305 ft²
|
$875,000
2 Bed
2 Bath
1305 ft²
|
$790,000
-9.71%
02/26/2014
|
Ann Renner
Premier Sotheby's International Realty
|
Building Info
About Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017