$1,450,000
●
Condo -
Off Market
40 Seagate Drive #603A
Naples, FL 34103
2 Beds
2 Baths
1,305 Ft²
$9,957
Est. Monthly
$1,025
HOA / Fees
1.14%
Cap Rate
About This Property
Experience the ultimate coastal lifestyle with breathtaking sunsets
over the Gulf and Clam Bay from your private balcony at The Club at
Naples Cay. This condominium is enhanced with new impact windows
and doors for added peace of mind, along with a new HVAC system in
2022 to keep your retreat cool and comfortable year-round. The
kitchen features granite countertops and wood cabinetry,
complemented by tile flooring throughout. The building offers an
array of amenities, including tennis, a spacious fitness center,
sauna, steam bath, and showers, plus a climate-controlled storage
unit. The sparkling blue pool and spa are just downstairs and
heated all winter long. Naples Cay is a rare gem - a private, gated
beachfront enclave situated between Park Shore and Pelican Bay.
Enjoy a quick walk to Venetian Village and Waterside Shops for
world-class dining and shopping. The community's central location
also places you just minutes from the charm of 5th Avenue and
Mercato. Live and love the Naples lifestyle steps from the beach,
surrounded by luxury. Or enhance your rental portfolio with a
condominium with a robust rental history.
Unit Size
1,305 Ft²
Days on Market
308 days
Land Size
-
Price per sqft
$1,241
Property Type
Condo
Property Taxes
$977
HOA Dues
$1,025
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: 12 months ago ( #224102354)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2025 | Sold | ||
| Sold | |||
| Oct 8, 2025 | In contract | - | |
| In contract | |||
| Jan 3, 2025 | Listed by Premier Sotheby's Int'l Realty | $1,620,000 | |
| Listed by Premier Sotheby's Int'l Realty | |||
Property Highlights
Garage
Elevator
Air Conditioning
Parking Details
Parking Features: Common, Guest
Interior Details
Full Bathrooms: 2
Interior Features: Walk-In Closet(s), High Speed Internet, LivingDiningRoom, ShowerOnly, SeparateShower, CableTv, WindowTreatments, SplitBedrooms
Appliances: Dryer, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
Flooring Type: Tile
Laundry Features: Inside
Exterior Details
Has Property Attached
Square Footage: 1305
Square Footage Source: $0
Security Features: Security Gate, Gated with Guard, Gated Community, Key Card Entry, Fire Sprinkler System, Smoke Detector(s), LobbySecured, PhoneEntry
Property Condition: Resale
Architectural Style: Traditional, HighRise
Year Built: 1990
Waterfront Features: None
Building Area Total: 1528
Window Features: Window Coverings, SingleHung, ImpactGlass
Construction Materials: Block, Concrete, Stucco
Patio and Porch Features: Deck, Balcony
Pool Features: Community
Lot Features: Rectangular Lot
Lot Size Units: Acres
Tax Lot: A
Water Source: Public
Financial Details
Tax Annual Amount: $11,726
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Cable TV, Internet, Maintenance Grounds, Pest Control, Sewer, Security, Trash, Water, AssociationManagement, IrrigationWater, StreetLights
HOA/Condo/Coop Amenities: Beach Rights, Beach Access, Clubhouse, Fitness Center, Barbecue, Picnic Area, Pool, Sauna, Spa/Hot Tub, Storage, Tennis Court(s), Trail(s), Trash, BikeStorage, Library, Sidewalks, VehicleWashArea
HOA Fee: $1,025
HOA Fee 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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