$790,000
SOLD JUL 31, 2025
2 Beds
2 Baths
1,405 Sq Ft
$1,972/mo HOA Fee

Recently Sold

$562 Per Sq Ft

39% Below List Price

216 Days on Market

Highlights

  • Community Beach Access
  • Property Fronts a Bay or Harbor
  • Traditional Architecture
  • Sea Gate Elementary School Rated A
  • Two Primary Bedrooms
  • Community Pool

About This Home

As of July 2025

Incredible top-floor bay views! Natural light illuminates this ideally situated top floor two-bedroom, two-bath residence with glass-enclosed lanai area creating additional interior entertaining and living space. Enjoy incredible views of Doctors Bay with direct beach access across the street. This well-maintained gem features tasteful traditional decor with custom crown molding, neutral granite countertops, rich full-height cabinetry, KitchenAid and Whirlpool appliances, abundant walk-in closets with built-in shelving, and stackable laundry. The Madrid Club features an updated lobby and social room, fitness room, relaxing bayside pool and is close to the shops and restaurants of Venetian Village and downtown 5th Avenue S. Boat slips on Doctors Bay are available separately for lease or purchase from their perspective owners.

Last Agent to Sell the Property

Frank Pezzuti

Premier Sotheby's Int'l Realty License #NAPLES-249519593 Listed on: 11/22/2024

Premier Sotheby's Int'l Realty

Last Buyer's Agent

Chris Lecca

William Raveis Real Estate

William Raveis Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,456

Year Built

  • Built in 1975

Lot Details

  • Property Fronts a Bay or Harbor
  • East Facing Home

HOA Fees

  • $1,972 Monthly HOA Fees

Parking

  • 1 Parking Garage Space
  • Deeded Parking

Home Design

  • Mid Level
  • Traditional Architecture
  • Entry on the 7th floor
  • Flat Roof Shape
  • Concrete Block With Brick
  • Stucco

Interior Spaces

  • 1,405 Sq Ft Home
  • 1-Story Property
  • Sliding Windows
  • Casement Windows
  • Laminate Flooring
  • Bay Views

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Double Master Bedroom
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Fixed Bridges
  • Enclosed Glass Porch

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 12082120006

Community Details

Overview

  • 60 Units
  • Madrid Club Condos
  • Moorings Community

Amenities

  • Elevator
  • Bike Room
  • Community Storage Space

Recreation

  • Gulf Boat Access
  • Community Beach Access
  • Exercise Course
  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Phone Entry

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,456

Year Built

Built in 1975

Lot Details

0

HOA Fees

$1,972 per month

Parking

1

Listing Details

  • Legal Description: MADRID CLUB, THE A CONDOMINIUM UNIT 7-C
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.187585$-81.813627$54.10$13.33$1.00$UyLVVu-d3LcCyuZlncQPkw
  • Building Design: Mid Rise (4-7)
  • Building Description: Traditional
  • Year Built: 1975
  • Directions: The Madrid Club is located off of Gulf Shore Blvd.
  • Property Information: Incredible top-floor bay views! Natural light illuminates this ideally situated top floor two-bedroom, two-bath residence with glass-enclosed lanai area creating additional interior entertaining and living space. Enjoy incredible views of Doctors Bay with direct beach access across the street. This well-maintained gem features tasteful traditional decor with custom crown molding, neutral granite countertops, rich full-height cabinetry, KitchenAid and Whirlpool appliances, abundant walk-in closets with built-in shelving, and stackable laundry. The Madrid Club features an updated lobby and social room, fitness room, relaxing bayside pool and is close to the shops and restaurants of Venetian Village and downtown 5th Avenue S. Boat slips on Doctors Bay are available separately for lease or purchase from their perspective owners.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Furnished Description: Unfurnished
  • Num Unit Floor: 7
  • Price Per Sq Ft: 562.28
  • Total Floors: 1
  • Additional Rooms: Glass Porch
  • Estimated Living Area: 1405
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedroom Description: Split Bedrooms, Two Master Suites
  • Bedrooms: 2 Bed
  • Total Bedrooms: 2
  • Dining Room: Breakfast Bar
  • Elevator: Common
  • Equipment: Dishwasher, Disposal, Dryer, Microwave, Range, Washer
  • Flooring: Laminate
  • Floor Plan: Split Bedrooms
  • Interior Amenities: Built-In Cabinets, Walk-In Closet
  • Primary Bathroom: 2 Masters
  • Windows: Casement, Sliding

Exterior Features

  • Gulf Access: Yes
  • Private Pool: No
  • Private Spa: No
  • Roof: Built-Up Or Flat
  • Construction: Concrete Block
  • Gulf Access Type: Bridge(s)/Water Indirect
  • Boat Access: Dock Purchase
  • Irrigation: Assessment Paid
  • View: Bay
  • Exterior Finish: Stucco
  • Waterfront Type: Bay

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 1
  • Parking: 1 Assigned

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Security: Entry Phone
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Management Company Phone: 239-261-5001
  • Approval: Application Fee
  • Management: Professional
  • Mandatory HOA: Yes
  • Restrictions: Architectural, Deeded
  • Sub Condo Name: MADRID CLUB
  • Condo Fees: 5915
  • Condo Fee Frequency: Quarterly
  • Maintenance: Lawn/Land Maintenance, Legal/Accounting, Manager
  • Development Name: MOORINGS

Association/Amenities

  • Pets: Not Allowed
  • Development: Moorings
  • Amenities: Beach Access, Bike Storage, Community Pool, Community Room, Exercise Room, Extra Storage, Shopping, Sidewalk
  • Community Type: Non-Gated
  • Units In Building: 60
  • Total Number of Units: 60

Fee Information

  • Application Fee: 100.00

Lot Info

  • Builder Product: No
  • Lot Unit: 7-C
  • Section: 21
  • Total Area: 1405
  • Waterfront: Yes
  • Rear Exposure: East
  • Lot Description: Regular
  • Parcel Number: 12082120006

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 2
  • Min Days Of Lease: 90

Tax Info

  • Tax Description: City And County
  • Taxes: 3455.95
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2024
Closed on
Jul 29, 2025
Sold by
Stassen David W
Bought by
Hjerpe Thomas E and Hjerpe Mary Jo
Seller's Agent
Frank Pezzuti
Premier Sotheby's Int'l Realty
Buyer's Agent
Chris Lecca
William Raveis Real Estate
List Price
$1,295,000
Sold Price
$790,000
Premium/Discount to List
-$505,000
-39%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
317.94%
Original Mortgage
$592,500
Outstanding Balance
$592,500
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$358,919

Purchase Details

Listed on
Mar 7, 2024
Closed on
Apr 15, 2024
Sold by
Vegter Barbara L and Barbara L Ciluffo Trust
Bought by
Stassen Kathleen Fruh
Seller's Agent
Frank Falcone
Berkshire Hathaway FL Realty
Buyer's Agent
Doug Forester
Douglas Elliman Florida,LLC
List Price
$1,290,000
Sold Price
$1,240,000
Premium/Discount to List
-$50,000
-3.88%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-29.49%

Purchase Details

Closed on
Aug 18, 2010
Sold by
Silver Bob and Williams Barbara
Bought by
Vegter Barbara L

Purchase Details

Closed on
Apr 30, 2003
Sold by
Fellows Bruce H
Bought by
Silver Bob and Williams Barbara

Purchase Details

Closed on
May 10, 1996
Sold by
Lundquist James H and Lundquist Beverly W
Bought by
Fellows Carolyn H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.74%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $790,000 None Listed On Document
Personal Reps Deed -- None Listed On Document
Warranty Deed $1,240,000 None Listed On Document
Warranty Deed $420,000 Title Group Services
Warranty Deed $475,000 --
Warranty Deed $205,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $592,500 New Conventional
Previous Owner $120,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 Sold $790,000 -11.7% $562 / Sq Ft
06/26/2025 06/26/25 Pending -- -- --
05/30/2025 05/30/25 Price Changed $895,000 -10.1% $637 / Sq Ft
03/26/2025 03/26/25 Price Changed $995,000 -13.5% $708 / Sq Ft
01/15/2025 01/15/25 Price Changed $1,150,000 -11.2% $819 / Sq Ft
11/22/2024 11/22/24 For Sale $1,295,000 +4.4% $922 / Sq Ft
04/15/2024 04/15/24 Sold $1,240,000 -3.9% $824 / Sq Ft
03/14/2024 03/14/24 Pending -- -- --
03/07/2024 03/07/24 For Sale $1,290,000 -- $858 / Sq Ft
Source: Naples Area Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $3,519 $989,600 -- $989,600
2024 $3,456 $423,726 -- --
2023 $3,456 $411,384 $0 $0
2022 $3,542 $399,402 $0 $0
2021 $3,592 $387,769 $0 $0
2020 $3,504 $382,415 $0 $0
2019 $3,455 $373,817 $0 $0
2018 $3,376 $366,847 $0 $0
2017 $3,319 $359,302 $0 $0
2016 $3,259 $351,912 $0 $0
2015 $3,330 $349,466 $0 $0
2014 $3,340 $296,692 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Naples Area Board of REALTORS®

MLS Number: 224094326

Naples Area Board of REALTORS®

APN: 12082120006