C9790 - Premium rental income candidate! Conveniently located merely steps to Naples' sugar sand beaches and the renowned fine dining, shoppes, and entertainment found on Fifth Avenue South and Third Street South! This charming unit at the historic Cove Inn offers unsurpassed waterfront, chickee bar, and resort pool views from its private terrace. Unit has been in the Hotel Rental Program, per The Cove Inn, and has positive history of income to show. The future owner can choose to use the apartment for themselves to rent on an annual basis, or to allow the apartment to be in the Hotel Rental Program to earn rental income.
Sold for $400,000
$400,000
NAPLES, FL 34102
--beds
350sqft
Condominium
Built in 1964
-- sqft lot
$331,700 Zestimate®
$1,143/sqft
$4,999 Estimated rent
Home value
$331,700
$295,000 - $372,000
$4,999/mo
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$9,396/mo
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Zillow last checked: 7 hours ago
Listing updated: November 01, 2023 at 01:49pm
Listed by:
Bill Earls, PA 239-777-6622,
John R Wood Properties,
Larry Lappin, Jr. 239-571-8247,
John R Wood Properties
Bought with:
Bill Earls, PA
John R Wood Properties
Larry Lappin, Jr.
John R Wood Properties
Source: SWFLMLS,MLS#: 223026490
Originating MLS: Naples
Originating MLS: NaplesFacts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
- Full bathrooms: 1
Dining room
- Features: See Remarks
Heating
- Wall Unit
Cooling
- Wall Unit(s)
Appliances
- Included: Electric Cooktop, Microwave, Refrigerator
- Laundry: Common Area
Features
- Smoke Detectors, Balcony, Open Porch/Lanai
- Flooring: Tile
- Has fireplace: No
- Furnished: Yes
Interior area
- Total structure area: 350
- Total interior livable area: 350 sqft
Property
Features
- Stories: 1
- Patio & porch: Patio, Open Porch/Lanai
- Exterior features: Dock, Balcony, Tiki Hut, Water Avail at Dock
- Pool features: Community
- Has view: Yes
- View description: Bay, Water
- Has water view: Yes
- Water view: Bay,Water
- Waterfront features: Bay
- Frontage type: Bay/Harbor
Lot
- Features: Regular
Details
- Parcel number: 14702200000
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Block, Stucco
- Foundation: Concrete Block
- Roof: Metal
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Water: Central
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Pool, Street Lights, Boating, Condo/Hotel
Location
- Region: Naples
- Subdivision: COVE INN
HOA & financial
HOA
- Has HOA: No
- HOA fee: $7,000 annually
- Amenities included: Bike And Jog Path, Business Center, Common Laundry, Pool, Storage, Internet Access, Library, Marina, Streetlight, Underground Utility
Price history
| Date | Event | Price |
|---|---|---|
| 10/30/2023 | Sold | $400,000-15.8%$1,143/sqft |
Source:  SWFLMLS #223026490 Report a problem | ||
| 10/16/2023 | Pending sale | $475,000$1,357/sqft |
Source: SWFLMLS #223026490 Report a problem | ||
| 4/6/2023 | Listed for sale | $475,000$1,357/sqft |
Source: SWFLMLS #223026490 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,063 +192.4% | $336,000 +437% |
| 2023 | $1,047 -61.2% | $62,575 -74.2% |
| 2022 | $2,698 +19.2% | $242,550 +10% |
| 2021 | $2,263 +6.1% | $220,500 +5% |
| 2020 | $2,132 +6.9% | $210,000 +8.1% |
| 2019 | $1,994 -4.8% | $194,250 -4.8% |
| 2018 | $2,094 | $204,050 +10% |
| 2017 | $2,094 +9.6% | $185,500 +7.1% |
| 2016 | $1,911 +6.1% | $173,250 +10% |
| 2015 | $1,802 +7.5% | $157,500 +0.6% |
| 2014 | $1,675 +4.6% | $156,500 +6.5% |
| 2013 | $1,602 -1.8% | $147,000 |
| 2012 | $1,630 +5.6% | $147,000 +5% |
| 2011 | $1,544 -23.9% | $140,000 -21.1% |
| 2010 | $2,028 -4% | $177,544 -5% |
| 2009 | $2,114 | $186,889 -10% |
| 2008 | $2,114 +7.8% | $207,655 |
| 2007 | $1,961 +13.4% | $207,655 +20.8% |
| 2006 | $1,730 | $171,874 +20% |
| 2005 | $1,730 +3.8% | $143,229 +5% |
| 2004 | $1,666 +7.4% | $136,409 +10% |
| 2003 | $1,551 +17.4% | $124,009 +19% |
| 2002 | $1,320 -39% | $104,250 +25% |
| 2001 | $2,165 +134% | $83,400 |
| 2000 | $925 | -- |
Neighborhood: Old Naples
Nearby schools
GreatSchools rating
- 10/10Lake Park Elementary SchoolGrades: PK-5Distance: 2.2 mi
- 8/10Gulfview Middle SchoolGrades: 6-8Distance: 0.8 mi
- 6/10Naples High SchoolGrades: PK,9-12Distance: 2.7 mi
Schools provided by the listing agent
- Elementary: LAKE PARK ELEMENTARY
- Middle: GULFVIEW MIDDLE SCHOOL
- High: NAPLES HIGH SCHOOL
Source: SWFLMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$331,700
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$338,334