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Vineyards 34119 Vineyards
499 Palo Verde Drive
$975,000
● House - Off Market

499 Palo Verde Drive

Naples, FL 34119
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,406 Ft²
$7,828
Est. Monthly
$1,570
HOA / Fees
1.26%
Cap Rate

About This Property

Introducing 499 Palo Verde Drive in the prestigious gated community of Palo Verde at the Vineyards. This home features an entry courtyard with expansive outdoor living space as well as a screened lanai with water and golf course views. The interior features three bedrooms with baths and a split floor plan design, living and dining rooms, family room, modern kitchen, extra flex room and two-car garage. The primary suite includes sliders that access the pool, spa and covered lanai. The primary bath features double sinks, separate tub and shower and two walk-in closets. This home lives comfortably for daily living and entertainment. Vineyards Country Club is a private country club where membership is optional. Two 18-hole championship golf courses, pickleball, bocce, resort pool and spa, racquet center, wellness center and spa, fitness center, saltwater lap pool, massage and salon services, and dining. Vineyards is close to beaches, restaurants, shopping and all Naples has to offer.
Unit Size
2,406 Ft²
Days on Market
81 days
Land Size
0.28 acres
Price per sqft
$499
Property Type
House
Property Taxes
$366
HOA Dues
$1,570
Year Built
1996

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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 #225011586)

Price History

Date / Event Date Event Price
Apr 22, 2025 Sold
Premium
Sold
Feb 28, 2025 In contract -
In contract
Jan 31, 2025 Listed by Premier Sotheby's Int'l Realty $1,200,000
Listed by Premier Sotheby's Int'l Realty
Dec 27, 1996 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 71
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,197
  • Lot Size Depth Feet: 1,475
  • Lot Size Frontage Feet: 880
  • Total Building Area: 2,342
  • Gross Building Area: 2,342
  • Building Area: 2,342
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,342
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEDGEWOOD SUBDIVISION
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 1
  • State Land Use Code: 01
  • Legal Description 1: WEDGEWOOD SUBDIVISION LOT 23

Neighborhood

  • School District Name: Collier County School District
  • School Tax School District: DISTRICT 1
  • Census Tract: 010416

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: 4B05
  • Subdivision Tract Number: 707500
  • Parcel: 81217001044
  • Lot: 23
  • Meridian: SEC 5 TWN 49 RNG 26
  • Municipality: COUNTY COLLIER
  • Latitude: 26.2321
  • Longitude: -81.7232

    Address

  • Full Address: 499 Palo Verde Dr
  • Address - House Number: 499
  • Address - Street Name: Palo Verde
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Naples
  • Carrier Code: R071
  • 4-Digit Zip Code: 1804
  • Zip Code: 34119

Valuation

    Tax

  • Total Area: 2,837
  • Tax Year: 2022
  • Tax Amount: $445,847
  • Tax Rate Code Area: 145

    Appraisal Valuation

  • Standard Deviation: 0.2329
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 67
  • Final Value: 1,332,336
  • High Value: 1,642,700
  • Low Value: 1,021,972

    Market Valuation

  • Market Total Value: $885,712
  • Market Land Value: $358,129
  • Market Improvement Value: $527,583

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $443,396

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 26, 1996
  • Current Sale Recording Date: Dec 27, 1996
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: VAR
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Urban Estates

Stats & Trends

Median Asking:

$675,000

Sale Price/ft²

$326

Below Asking

0.03%

Average Days on Market

93

Average Home Size

2404 ft²

Average Home Age

21.3 years

Currently For Sale

446 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 6225 Bellerive Avenue, Naples, FL, 34119

$3,100 /mo

  • 3 Beds
  • 2 Baths
  • 1,708 ft²
6225 Bellerive Avenue #1501, Naples, FL, 34119 Listing by DeShawn Robinson
Unit for rent at 106 Siena Way, Naples, FL, 34119

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,631 ft²
106 Siena Way #1503, Naples, FL, 34119 Listing by Amy Ashby
Unit for rent at 12940 Positano Circle, Naples, FL, 34105

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,067 ft²
12940 Positano Circle #203, Naples, FL, 34105 Listing by Deeann De Castris

Rentals Near You

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SWFLMLS

Listed by: William Bedard, PA, Premier Sotheby's Int'l Realty
Last Updated: 2 years ago
Data Source: SWFLMLS, MLS# 225011586
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.

Frequently Asked Questions

When was property at 499 Palo Verde Drive built and last sold?
The property at 499 Palo Verde Drive was built in 1996 and last sold on Dec 26, 1996 for $406,900.
How much is this home worth?
The estimated value of the home located at 499 Palo Verde Drive is $0.
What are some comparable homes to 499 Palo Verde Drive?
There are currently no comparable homes to 499 Palo Verde Drive.
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