$2,300,000
●
Condo -
Off Market
425 Dockside Drive #505
Naples, FL 34110
3 Beds
4 Baths,
1
Half Bath
3,096 Ft²
$14,510
Est. Monthly
$2,282
HOA / Fees
0.23%
Cap Rate
About This Property
Experience amazing and priceless Gulf and Bay views from this
updated, spacious and open waterfront residence. With over
3000 sq. ft under air, plus an additional approximately 600 sq. ft
of outdoor living space and almost 80 feet of glass, year-around
sunsets can be yours. Each of the 3 bedrooms have private
baths and there's an additional powder room for guests.
Hickory wood floors complement the main living areas and a
private water view lanai from the primary suite.
Membership at Pelican Isle Yacht Club is optional and requires a separate application. PIYC features a resort style pool, kayaks, fitness center, tennis, pickleball, fine dining, a modern marina, a variety of Docks and welcoming social events.
Pelican Isle is conveniently located in exclusive Wiggins Pass, just five minutes to the open waters of the Gulf of Mexico.
Membership at Pelican Isle Yacht Club is optional and requires a separate application. PIYC features a resort style pool, kayaks, fitness center, tennis, pickleball, fine dining, a modern marina, a variety of Docks and welcoming social events.
Pelican Isle is conveniently located in exclusive Wiggins Pass, just five minutes to the open waters of the Gulf of Mexico.
Unit Size
3,096 Ft²
Days on Market
-
Land Size
-
Price per sqft
$743
Property Type
Condo
Property Taxes
$935
HOA Dues
$2,282
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: 2 years ago (SWFLMLS #224097632)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 8, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Nov 18, 2024 | Listed by John R Wood Properties | $2,300,000 | |
| Listed by John R Wood Properties | |||
Property Highlights
Parking Available
Garage
Elevator
Air Conditioning
With View
Parking Details
Parking Features: Assigned, Deeded, Guest, One Space, Attached Carport
Covered Spaces: 1
Interior Details
Bedrooms: 3
Full Bathrooms: 3
Half Bathrooms: 1
Interior Features: Breakfast Bar, Built In Features, Bedroom On Main Level, Dual Sinks, Family Dining Room, Kitchen Island, Living Dining Room, Main Level Primary, Multiple Primary Suites, Shower Only, Separate Shower, Cable Tv, High Speed Internet, Split Bedrooms
Appliances: Built In Oven, Dryer, Dishwasher, Freezer, Disposal, Microwave, Refrigerator, Wine Cooler, Washer
Flooring Type: Carpet, Tile, Wood
Living Area Square Feet Source: Builder
Laundry Features: Washer Hookup, Dryer Hookup, Inside
Exterior Details
Property Condition: Resale
Year Built: 1997
Waterfront Features: Bay Access, Intersecting Canal
Home Type: Residential
Architectural Style: Contemporary, High Rise
Roof: BuiltUp, Flat, Tile
Window Features: Impact Glass
Construction Materials: Block, Concrete, Stucco
Outdoor Living Structures: Balcony, Open, Porch
CornerLot
Financial Details
Tax Year: 2024
Tax Annual Amount: $11,217
Utilities Details
Cooling Type: Central Air, Ceiling Fans, Electric
Heating Type: Central, Electric
Utilities: Cable Available, Underground Utilities
Location Details
Association Fee Includes: AssociationManagement, CableTv, Insurance, IrrigationWater, LegalAccounting, MaintenanceGrounds, PestControl, RecreationFacilities, ReserveFund, RoadMaintenance, Sewer, StreetLights, Security, Trash, Water
Association Amenities: Beach Rights, Beach Access, Marina, Bike Storage, Clubhouse, Library, Barbecue, Picnic Area, Pickleball, Private Membership, Spa Hot Tub, Trails, Trash, Vehicle Wash Area
Association Fee: $958
Association Fee Frequency: Quarterly
Association Fee3: $5,887
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 |
|---|---|---|---|---|---|---|---|
|
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
About North Naples
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Listed by: Doug Stewart, John R Wood Properties
Last Updated: 2 years ago
Data Source: SWFLMLS, MLS# 224097632
Last Updated: 2 years ago
Data Source: SWFLMLS, MLS# 224097632
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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