425 Dockside Drive #703
About This Property
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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 provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 5, 2026 | Listed by Compass Florida LLC | $1,299,000 | |
| Listed by Compass Florida LLC | |||
| |||
|
One or more photo(s) has been virtually staged, AI generated or rendered. Welcome to high-floor paradise in Unit 703, where panoramic open-water vistas meet the ultimate Naples nautical lifestyle. Nestled in the exclusive, gated island enclave of Pelican Isle, this desirable 2-bedroom, 3-bathroom + Den "Captain" floor plan boasts 2,428 square feet of sun-drenched living space, seamlessly blending coastal sophistication with sweeping, south-facing views of the Cocohatchee River, backwater mangroves, and shimmering Gulf waters. Offered at a price point that invites you to remodel and customize every detail to your personal style, this residence presents an extraordinary opportunity to build instant equity in a premier coastal setting.
Step directly off the elevator into a light-filled great room wrapped in glass, where continuous water views and soft sea breezes frame your main living and dining spaces. The spacious eat-in kitchen features its own charming side veranda—the perfect nook for morning coffee as you watch yachts drift out toward Wiggins Pass. Ideal for hosting family and friends, the split-bedroom layout ensures complete privacy, highlighted by generous primary and guest suites with direct water views.
The true crown jewel of this residence is the front-row access to the world-class lifestyle of Pelican Isle Yacht Club—Naples’ premier private island yacht club. Located just steps from your front door, ownership here grants access to state-of-the-art concrete floating docks accommodating vessels up to 55 feet with direct, bridge-free Gulf access. Spend your days cruising the open seas, relaxing on the private beach shuttle, or playing tennis and pickleball. Cap off your evenings enjoying resort-style pool amenities, fitness classes, and fine waterfront dining alongside fellow boating enthusiasts.
| |||
| May 2, 2026 | No longer available | - | |
| No longer available | |||
| Feb 26, 2026 | Price Decreased |
$1,300,000
↓ $95K
(6.8%) | |
| Price Decreased | |||
| Dec 27, 2025 | Price Decreased |
$1,395,000
↓ $125K
(8.2%) | |
| Price Decreased | |||
| Oct 11, 2025 | Price Decreased |
$1,520,000
↓ $140K
(8.4%) | |
| Price Decreased | |||
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
About North Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017