by Global Lifestyle Properties

See Home Value
$530,000
● House - Off Market

8987 Madrid Circle

Naples, FL 34104
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,687 Ft²
$3,239
Est. Monthly
$159
HOA / Fees
6.46%
Cap Rate

About This Property

Your chance to own this newly constructed single-family home in the gated community of Fronterra. This property features 3 bed, 2.5 baths at nearly 1700 sqft of living space with concrete construction, tile roof and a brick paver driveway with one of the largest backyards in the entire community with lush tropical privacy landscaping. Heavily upgraded during construction and more additions over the years including: fully FENCED-IN PRIVACY BACKYARD, Impact Resistant Windows and Doors, Lanai Roof cover with gutters, Upgrades Landscaping Package, Built-In Bar with Wine Cooler & Floating Shelves, Mini-Split AC for Garage, Whole-Home Water Filter System, Reverse Osmosis, Built-In Master and guests Closets, LED Lights, Kasa Smart Switches, RING cameras, Outdoor Fire table, quartz countertops and more. This property is perfect for any pet lover looking for a fully enclosed backyard equip with an outdoor seating arrangement an outdoor TV & a dining table. Other features include: Stainless steel kitchen appliances, frameless glass shower enclosure, 10 foot ceilings, accent walls of ivy and corrugated steel, keyless entry, nest thermostat, USB Plugs, and more. Fronterra is a family and pet friendly community. Sidewalks on both sides of the street. Community is only a 15-minute drive to Olde Naples 5th Ave and the beach! Super low HOA fees at only $159 per month which includes the irrigation water and a resort style pool and cabana and security gate. Quick access to I-75 and Paradise Coast Sports Complex. No flood insurance required and low home insurance costs being a newer home!
Unit Size
1,687 Ft²
Days on Market
92 days
Land Size
0.10 acres
Price per sqft
$326
Property Type
House
Property Taxes
$379
HOA Dues
$159
Year Built
2020

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Last updated: 2 years ago (SWFLMLS #225013777)

Price History

Date / Event Date Event Price
May 9, 2025 Sold
Sold
Apr 12, 2025 In contract -
In contract
Mar 29, 2025 Price Decreased $550,000
↓ $18K (3.2%)
Price Decreased
Mar 22, 2025 Price Decreased $568,000
↓ $7K (1.2%)
Price Decreased
Mar 9, 2025 Price Decreased $575,000
↓ $10K (1.7%)
Price Decreased
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Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 39
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,356
  • Lot Size Frontage Feet: 420
  • Total Building Area: 792
  • Gross Building Area: 792
  • Building Area: 792
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 792
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRONTERRA PHASE 2
  • Land Acres: 0000000100
  • Standard Land Use Code: 1001
  • County Land Use Code: 1
  • Legal Description 1: FRONTERRA PHASE 2 LOT 134

Neighborhood

  • School District Name: Collier County School District
  • School Tax School District: DISTRICT 1
  • Census Tract: 010511

Geography

  • Assessors Map Reference: 4B34
  • Subdivision Phase Number: 2
  • Parcel: 34550003280
  • Lot: 134
  • Meridian: SEC 34 TWN 49 RNG 26
  • Municipality: COUNTY COLLIER
  • Latitude: 26.1571
  • Longitude: -81.6907

    Address

  • Full Address: 8987 Madrid Cir
  • Address - House Number: 8987
  • Address - Street Name: Madrid
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Naples
  • Carrier Code: C092
  • 4-Digit Zip Code: 6227
  • Zip Code: 34104

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $459,743
  • Tax Rate Code Area: 31

    Appraisal Valuation

  • Standard Deviation: 0.1631
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 79
  • Final Value: 517,629
  • High Value: 602,070
  • Low Value: 433,187

    Market Valuation

  • Market Total Value: $344,391
  • Market Land Value: $62,385
  • Market Improvement Value: $282,006

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $275,720

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 09, 2020
  • Current Sale Recording Date: Mar 11, 2020
  • Current Sale Price:
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 5841100
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Golden Gate


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Frequently Asked Questions

When was property at 8987 Madrid Circle built and last sold?
The property at 8987 Madrid Circle was built in 2020 and last sold on Mar 9, 2020 for $315,713.
How much is this home worth?
The estimated value of the home located at 8987 Madrid Circle is $0.
What are some comparable homes to 8987 Madrid Circle?
There are currently no comparable homes to 8987 Madrid Circle.