$2,150,000
●
Condo -
Off Market
40 Seagate Drive #1201
Naples, FL 34103
3 Beds
2 Baths
1,445 Ft²
$13,432
Est. Monthly
$1,775
HOA / Fees
1.11%
Cap Rate
About This Property
Gated beachfront condominium in the Club at Naples Cay! Sparkling
blue water views and breathtaking sunsets are as far as the eye can
see from this 12th-floor southwest corner residence. Owners can
enjoy direct beach access via a boardwalk through the mangroves, an
Olympic-sized swimming pool, a spa, tennis courts, a fitness room,
and pet-friendly amenities. Great investment property with rental
history. Close to Venetian Village, Waterside Shops, and
Artis-Naples.
Unit Size
1,445 Ft²
Days on Market
-
Land Size
-
Price per sqft
$1,488
Property Type
Condo
Property Taxes
$1,100
HOA Dues
$1,775
Year Built
-
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Cap Rate Calculator
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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 #224026515)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 18, 2025 | No longer available | - | |
| No longer available | |||
| Mar 20, 2024 | Listed by Premier Sotheby's Int'l Realty | $2,150,000 | |
| Listed by Premier Sotheby's Int'l Realty | |||
| Dec 31, 1996 | Sold | ||
| Sold | |||
Property Highlights
Garage
Elevator
Air Conditioning
With View
Parking Details
Parking Features: Common, Paved, Electric Vehicle Charging Stations, Garage Door Opener
Interior Details
Bedrooms: 3
Full Bathrooms: 2
Interior Features: Built In Features, Living Dining Room, Shower Only, Separate Shower, Cable Tv, Walk In Closets, Window Treatments, High Speed Internet, Split Bedrooms
Appliances: Dryer, Dishwasher, Electric Cooktop, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
Flooring Type: Carpet, Tile
Living Area Square Feet Source: Appraiser
Laundry Features: Inside, Laundry Tub
Exterior Details
Property Condition: Resale
Year Built: 1990
Waterfront Features: Beach Front, Gulf, Mangrove
Home Type: Residential
Architectural Style: Florida, High Rise
Roof: Metal
Window Features: Impact Glass, Sliding, Window Coverings
Construction Materials: Block, Concrete, Stucco
Outdoor Living Structures: Open, Porch
Pool Features: Community
ZeroLotLine
Lot Size Source: Appraiser
Financial Details
Tax Year: 2023
Tax Annual Amount: $13,198
Utilities Details
Cooling Type: Central Air, Ceiling Fans, Electric
Heating Type: Central, Electric
Utilities: Cable Available, High Speed Internet Available, Underground Utilities
Location Details
Association Fee Includes: AssociationManagement, CableTv, Internet, LegalAccounting, MaintenanceGrounds, PestControl, RecreationFacilities, ReserveFund, RoadMaintenance, Sewer, StreetLights, Security, Trash, Water
Association Amenities: Beach Rights, Beach Access, Clubhouse, Fitness Center, Library, Barbecue, Picnic Area, Pool, Spa Hot Tub, Sidewalks, Tennis Courts, Trails, Trash, Vehicle Wash Area
Association Fee: $1,025
Association Fee Frequency: Quarterly
Association Fee3: $4,300
Association Fee3 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 |
|---|---|---|---|---|---|---|---|
|
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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Listed by: Fauzia Tahiry, Premier Sotheby's Int'l Realty
Last Updated: 2 years ago
Data Source: SWFLMLS, MLS# 224026515
Last Updated: 2 years ago
Data Source: SWFLMLS, MLS# 224026515
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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