Waterfront Condo with Boat
230 Newport Drive 610 Naples, FL 34114
230 Newport Drive 610, Naples, FL, 34114
$390,000
For Sale
$390,000
Three-bedroom condo with waterfront views, boat slip, and community amenities.
Property Size1,257 SF
Price / SF$310.26
Days on Market619
Property Features for 230 Newport Drive 610
General Information
- Standard status
- Active
- Size
- 1,257 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1997
Listing Agency
Keller Williams Marco Realty
(239) 272-0882
Listed by
Michael Ludwig · License #267511429
(239) 272-0882
Source
Exitrealty
Added: Nov 9, 2024 Updated: Jul 10 at 1:04 pm Checked: Jul 20 at 2:52 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Marco Realty
Investment Insights
Based on property information with market context.
Located in Port of the Islands, this second-floor condo offers waterfront views and access to outdoor activities. The unit features three bedrooms and two bathrooms, with a screened lanai overlooking the water. The third bedroom includes a Murphy bed, suitable for use as an office or hobby room. Stainless steel kitchen appliances are included. Roll-down electric shutters on the lanai provide storm protection. The property includes a boat slip for vessels up to 24 feet, providing access to the Ten Thousand Islands and the Gulf of Mexico. Community amenities include a pool and a marina with a ship store and boat ramp. The surrounding area offers access to fishing spots and beaches. Port of the Islands is located near a shooting range and two public golf courses. Essential shopping is available at a nearby Publix, 15 minutes away. Marco Island is a 20-minute drive, and downtown Naples is 30 minutes away. The property size is 1257 square feet.
Key Highlights
- Waterfront condo with stunning, protected mangrove views from a screened lanai, ensuring lasting tranquility and privacy.
- Includes a boat slip for vessels up to 24 feet, providing direct access to the Gulf of Mexico and Ten Thousand Islands.
- Features roll‑down electric shutters on the lanai for easy storm preparation.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.7k | $26.04 |
| − Vacancy | −$1.7k | −$1.35 |
| EGI | $31.0k | $24.69 |
| − OpEx | −$14.0k | −$11.11 |
| NOI | $17.1k | $13.58 |
1,257 SF · lease $26.04/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$243.8K
$213.3K – $284.5K
NOI $17,067 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$504.5K
$441.4K – $588.6K
NOI $35,314 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Three-bedroom condo with waterfront views, boat slip, and community amenities.
Where is this residential income property located?
The property is located at 230 Newport Drive 610 Naples, FL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Waterfront condo with **stunning, protected mangrove views** from a screened lanai, ensuring lasting tranquility and privacy.; Includes a **boat slip for vessels up to 24 feet**, providing direct access to the Gulf of Mexico and Ten Thousand Islands.; Features roll‑down electric shutters on the lanai for easy storm preparation.
