425 Dockside Drive #405
About This Property
The Residences of Pelican Isle the sought after Flagship Fl. plan! Imposing views of Gulf of Mexico from the remarkable Maxi sized west sunset lanai - as you enter - WOW! The sun rolls toward the western horizon at sunset - boats head to the white sugar sand beaches to catch the beauty of the close of the day. Home is a personal Paradise right from the lanai of this property! Beautifully designed kitchen, w/custom cabinets & built- ins, and pull-out features for max storage capability. Subzero refrigerator + Fl to ceiling wine cooler. Miele appliances. The Lg. rooms of this property, enhanced by customized interior, make this a very special space! The Oversized Main Salon highlights a full wall of impact glass sliders overlooking the Gulf – a stunning background, bringing the flowing beauty of the setting into the interior space of this unique retreat. A grand master suite overlooks the Gulf of Mexico opens to a private lanai, w/master bath suite - a personal sanctuary in your Naples retreat. Comfort, large closets, and views! A Superior 2nd Master, Guest en'suite w/lg walk in closet & spacious bathroom for friends & family to share the enjoyment of your waterfront home. The 3rd spacious - bedroom/office/den en'suite - also features a lg. walk-in closet! Home features central Vac system, Water heater 2023;2 AC units 2022/2023. Choice deeded parking III 47. Storage III29 Th property is now vacant - no furniture.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 20, 2025 | Sold | ||
| Sold | |||
| Jan 31, 2025 | In contract | - | |
| In contract | |||
| Jan 15, 2025 | Price Decreased |
$1,999,900
↓ $475K
(19.2%) | |
| Price Decreased | |||
| Oct 23, 2024 | Price Decreased |
$2,475,000
↓ $100K
(3.9%) | |
| Price Decreased | |||
| May 20, 2024 | Listed by Downing Frye Realty Inc. | $2,575,000 | |
| Listed by Downing Frye Realty Inc. | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/22/2025
|
3 Bed
|
3 Bath
|
2696 ft²
|
$2,150,000
3 Bed
3 Bath
2696 ft²
|
-
-
|
DOUG STEWART
CENTURY 21 AMERISOUTH REALTY
| |
|
11/01/2025
|
3 Bed
|
3 Bath
|
3096 ft²
|
$2,240,000
3 Bed
3 Bath
3096 ft²
|
$2,000,000
-10.71%
04/15/2026
|
Bridgette Foster
Downing Frye Realty Inc.
| |
|
10/21/2025
|
3 Bed
|
3 Bath
|
3096 ft²
|
$2,295,000
3 Bed
3 Bath
3096 ft²
|
$2,050,000
-10.68%
01/30/2026
|
Paul Arpin
Premier Sotheby's Int'l Realty
| |
|
04/11/2025
|
3 Bed
|
3 Bath
|
3096 ft²
|
$3,950,000
3 Bed
3 Bath
3096 ft²
|
-
-
|
Ryan Batey
Premier Sotheby's Int'l Realty
| |
|
04/11/2025
|
3 Bed
|
3 Bath
|
2696 ft²
|
$1,699,000
3 Bed
3 Bath
2696 ft²
|
-
-
|
Marcella Ade
Premier Sotheby's Int'l Realty
| |
|
03/27/2025
|
3 Bed
|
3 Bath
|
2428 ft²
|
$1,660,000
3 Bed
3 Bath
2428 ft²
|
-
-
|
Marcella Ade
Premier Sotheby's Int'l Realty
| |
|
02/27/2025
|
3 Bed
|
4 Bath
|
2428 ft²
|
$1,749,000
3 Bed
4 Bath
2428 ft²
|
$1,625,000
-7.09%
04/28/2025
|
Bridgette Foster
Downing Frye Realty Inc.
| |
|
02/05/2025
|
3 Bed
|
3 Bath
|
3096 ft²
|
$2,524,000
3 Bed
3 Bath
3096 ft²
|
-
-
|
Bridgette Foster
Downing Frye Realty Inc.
| |
|
01/22/2025
|
3 Bed
|
3 Bath
|
3096 ft²
|
$2,499,000
3 Bed
3 Bath
3096 ft²
|
$1,500,000
-39.98%
08/12/2026
|
Bridgette Foster
Downing Frye Realty Inc.
| |
|
11/18/2024
|
3 Bed
|
4 Bath
|
3096 ft²
|
$2,300,000
3 Bed
4 Bath
3096 ft²
|
-
-
|
DOUG STEWART
CENTURY 21 AMERISOUTH REALTY
| |
|
10/03/2024
|
3 Bed
|
3 Bath
|
2696 ft²
|
$2,650,000
3 Bed
3 Bath
2696 ft²
|
-
-
|
DOUG STEWART
CENTURY 21 AMERISOUTH REALTY
| |
|
05/20/2024
|
3 Bed
|
4 Bath
|
3096 ft²
|
$2,575,000
3 Bed
4 Bath
3096 ft²
|
$1,999,999
-22.33%
02/20/2025
|
Bridgette Foster
Downing Frye Realty Inc.
| |
|
02/21/2024
|
3 Bed
|
4 Bath
|
3096 ft²
|
$2,495,000
3 Bed
4 Bath
3096 ft²
|
-
-
|
Suzanne Ring
Premier Sotheby's Int'l Realty
| |
|
01/11/2024
|
3 Bed
|
3 Bath
|
2428 ft²
|
$2,199,000
3 Bed
3 Bath
2428 ft²
|
-
-
|
Barbara Twiss
BERKSHIRE HATHAWAY FL REALTY
| |
|
01/08/2024
|
3 Bed
|
3 Bath
|
2677 ft²
|
$1,699,000
3 Bed
3 Bath
2677 ft²
|
-
-
|
Bridgette C Foster
Downing Frye Realty Inc.
| |
|
03/18/2022
|
3 Bed
|
4 Bath
|
2862 ft²
|
$1,439,000
3 Bed
4 Bath
2862 ft²
|
-
-
|
Bridgette C Foster
Downing Frye Realty Inc.
| |
|
12/17/2021
|
3 Bed
|
3 Bath
|
2696 ft²
|
$1,900,000
3 Bed
3 Bath
2696 ft²
|
-
-
|
Bridgette C Foster
Downing Frye Realty Inc.
| |
|
11/08/2020
|
3 Bed
|
3 Bath
|
2428 ft²
|
$1,399,000
3 Bed
3 Bath
2428 ft²
|
-
-
|
-
| |
|
02/03/2020
|
3 Bed
|
4 Bath
|
2862 ft²
|
$998,000
3 Bed
4 Bath
2862 ft²
|
-
-
|
-
| |
|
01/22/2020
|
3 Bed
|
3 Bath
|
2696 ft²
|
$1,291,000
3 Bed
3 Bath
2696 ft²
|
-
-
|
-
| |
|
07/22/2016
|
3 Bed
|
3 Bath
|
2677 ft²
|
-
3 Bed
3 Bath
2677 ft²
|
-
-
|
-
| |
|
05/07/2013
| |
3 Bed
|
3 Bath
|
3096 ft²
|
$1,199,000
3 Bed
3 Bath
3096 ft²
|
$1,087,500
-9.30%
08/01/2013
|
Kathy Knabel-Bailey
Compass Florida LLC
|
|
11/30/2012
|
3 Bed
|
3 Bath
|
3096 ft²
|
$1,299,000
3 Bed
3 Bath
3096 ft²
|
-
08/02/2013
|
Bridgette Foster
Downing Frye Realty Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017