K
Seller's Agent in 2023
Katherine Lewis
Douglas Elliman Florida, LLC
(774) 772-1707
4 in this area
14 Total Sales
1325 7th St S Unit 5C Naples, FL 34102
Downtown Naples NeighborhoodEstimated Value: $1,991,628 - $2,348,000
3
Beds
2.5
Baths
1,880
Sq Ft
$2,017/mo
HOA Fee
Highlights
- Boat Dock
- Home fronts navigable water
- Deck
- Lake Park Elementary School Rated A
- Bay View
- Lanai
About This Home
As of September 2023RARE FIFTH FLOOR corner residence in iconic Bay Terrace, the mid-century gem with direct frontage on Naples Bay, and the only high rise in Olde Naples. Bay Terrace is your only opportunity to live above the third floor in Olde Naples. This light and bright home showcases panoramic water and city views from Golden Gate to Marco Island. Enjoy downtown living, convenient boating and ever changing sunrises from this home, with its great location, private docks and eastern exposure. The location, steps to the Naples Yacht club, offers an easy walk to the City Dock, the exceptional restaurants and shops of Third Street South, and Naples stunning beaches. Owners enjoy guest suites for extended family and friends, boat slips for annual lease, secure under building parking, and indoor storage. A 24 hour on-site manager, electric, A/C, heat, water, sewer and basic cable are included in the quarterly condo fee.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $11,430
Year Built
- Built in 1967
Lot Details
- Home fronts navigable water
- Property Fronts a Bay or Harbor
- East Facing Home
HOA Fees
- $2,017 Monthly HOA Fees
Parking
- 1 Attached Carport Space
- 1 Parking Garage Space
- Deeded Parking
Property Views
- Bay
- Canal
Home Design
- Entry on the 5th floor
- Flat Roof Shape
- Concrete Block With Brick
- Silver Rolled Roof
- Metal Construction or Metal Frame
- Stucco
Interior Spaces
- 1,880 Sq Ft Home
- 1-Story Property
- Wet Bar
- Corner Fireplace
- Electric Shutters
- Casement Windows
- Combination Dining and Living Room
- Storage
- Carpet
- Monitored
Kitchen
- Eat-In Kitchen
- Microwave
- Dishwasher
- Built-In or Custom Kitchen Cabinets
Bedrooms and Bathrooms
- 3 Bedrooms
- Dual Sinks
- Bathtub and Shower Combination in Primary Bathroom
Outdoor Features
- No Fixed Bridges
- Seawall
- Dock has access to electricity and water
- Dock made with wood
- Leased Dock
- Balcony
- Deck
- Lanai
Schools
- Lake Park Elementary School
- Gulfview Middle School
- Naples High School
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 02580600009
Community Details
Overview
- 28 Units
- High-Rise Condominium
- Bay Terrace Condos
- Olde Naples Community
- Car Wash Area
Amenities
- Business Center
- Laundry Facilities
- Elevator
- Bike Room
Recreation
- Boat Dock
- Boating
- Gulf Boat Access
Pet Policy
- No Pets Allowed
Security
- Card or Code Access
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 15, 2023
Closed on
Sep 28, 2023
Sold by
Wellman Barclay O and Wellman Diane T
Bought by
Robert W Maier 2003 Trust and Mary Louise Maier Trust
Seller's Agent
Katherine Lewis
Douglas Elliman Florida, LLC
Buyer's Agent
Jeff Little
Premier Sotheby's Int'l Realty
List Price
$2,500,000
Sold Price
$2,500,000
Views
70
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$367,093
Avg. Annual Appreciation
-7.12%
Purchase Details
Closed on
Jul 16, 2018
Sold by
Wellman Diane T and Wellman Barclay O
Bought by
Wellman Barclay O and Wellman Diane T
Purchase Details
Closed on
Jan 12, 2010
Sold by
Wellman Diane T
Bought by
Wellman Diane T and Wellman Barclay O
Purchase Details
Closed on
Apr 6, 2001
Sold by
Cheel Helen S
Bought by
Wellman Diane T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.11%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Robert W Maier 2003 Trust | $2,500,000 | None Listed On Document | |
| Wellman Barclay O | -- | Attorney | |
| Wellman Diane T | -- | Attorney | |
| Wellman Diane T | $500,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wellman Diane T | $275,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/28/2023 09/28/23 | Sold | $2,500,000 | 0.0% | $1,330 / Sq Ft |
| 09/05/2023 09/05/23 | Pending | -- | -- | -- |
| 06/15/2023 06/15/23 | For Sale | $2,500,000 | -- | $1,330 / Sq Ft |
Source: Naples Area Board of REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,970 | $1,751,900 | -- | $1,751,900 |
| 2024 | $12,832 | $1,751,900 | -- | $1,751,900 |
| 2023 | $12,832 | $1,198,674 | $0 | $0 |
| 2022 | $11,430 | $1,089,704 | $0 | $0 |
| 2021 | $10,165 | $990,640 | $0 | $990,640 |
| 2020 | $9,853 | $970,640 | $0 | $970,640 |
| 2019 | $9,962 | $970,640 | $0 | $970,640 |
| 2018 | $9,543 | $931,520 | $0 | $931,520 |
| 2017 | $9,036 | $867,606 | $0 | $0 |
| 2016 | $8,503 | $788,733 | $0 | $0 |
| 2015 | $7,708 | $717,030 | $0 | $0 |
| 2014 | -- | $651,845 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Katherine Lewis
-
Jeff Little
Buyer's Agent in 2023
Jeff Little
Premier Sotheby's Int'l Realty
(239) 494-0820
3 in this area
63 Total Sales
-
Jamie Dockweiler
J
Buyer Co-Listing Agent in 2023
Jamie Dockweiler
Premier Sotheby's Int'l Realty
(239) 434-2424
3 in this area
38 Total Sales
Map
Source: Naples Area Board of REALTORS®
MLS Number: 223044530
APN: 02580600009
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright 2025 M.L.S. of Naples, Inc. 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.
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