$1,599,000
PENDING $701K PRICE DROP

505 Tierra Mar Ln W Unit 48 Naples, FL 34108

Pelican Bay Neighborhood

Estimated payment $9,841/month

Total Views 5,811
3 Beds
2.5 Baths
2,281 Sq Ft
$701 Price per Sq Ft

Highlights

  • Community Beach Access
  • Golf Course Community
  • Private Beach Club
  • Sea Gate Elementary School Rated A
  • Private Beach
  • Screened Pool

About This Home

Ideally positioned within the original enclave of Tierra Mar, this three-bedroom plus den villa offers 2,281 square feet of refined indoor-outdoor living in one of the nation's most esteemed coastal communities. Pelican Bay remains the only residential neighborhood in the United States to offer private, resident-only access to the unspoiled white-sand beaches of Collier County. Soaring ceilings crown a sunlit atrium, drawing natural light into the heart of the home and creating an inviting, warm ambiance throughout. The open-plan dining and living rooms flow seamlessly through French doors to an expansive private lanai, where a sparkling pool and dedicated grilling station create the perfect setting for alfresco entertaining amid lush tropical landscaping. Moments away, residents enjoy world-class experiences including Artis–Naples performances, Broadway-caliber productions, and premier shopping and dining at Waterside Shops. Lifestyle amenities such as beachfront dining, scenic berms and boardwalks, and optional access to private golf clubs and state-of-the-art fitness facilities define a sophisticated coastal lifestyle.

Listing Agent

Ryan Batey

Premier Sotheby's Int'l Realty License #NAPLES-251502588 Listed on: 09/25/2024

Premier Sotheby's Int'l Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,452

Year Built

  • Built in 1980

Lot Details

  • Private Beach
  • End Unit
  • West Facing Home
  • Privacy Fence

HOA Fees

Parking

  • 2 Parking Garage Spaces
  • Automatic Garage Door Opener

Home Design

  • Spanish Architecture
  • Villa
  • Concrete Block With Brick
  • Stucco
  • Tile

Interior Spaces

  • 2,281 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • 5 Ceiling Fans
  • Ceiling Fan
  • Fireplace
  • Electric Shutters
  • Single Hung Windows
  • French Doors
  • Family Room
  • Breakfast Room
  • Formal Dining Room
  • Den
  • Atrium Room
  • Screened Porch
  • Storage
  • Tile Flooring
  • Pool Views

Kitchen

  • Built-In Self-Cleaning Double Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Safe Room
  • Monitored
  • Intercom

Pool

  • Screened Pool
  • Solar Heated In Ground Pool
  • Pool Equipment Stays

Outdoor Features

  • Patio
  • Outdoor Gas Grill

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 66272200009

Community Details

Overview

  • $10,000 Secondary HOA Transfer Fee
  • 2 Units
  • Tierra Mar Condos
  • Pelican Bay Community

Recreation

  • Community Beach Access
  • Golf Course Community
  • Private Beach Club
  • Beach Club Membership Available
  • Tennis Courts
  • Bike Trail

Pet Policy

  • Pets Allowed

Additional Features

  • Community Storage Space
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,452

Year Built

Built in 1980

Lot Details

0

HOA Fees

$691 per month

Parking

2

Listing Details

  • Legal Description: PELICAN BAY UNIT 1 LOT 48 TIERRA MAR (HO) A PORTION OF PARC C DESC IN OR 1957 PG 06
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.216223$-81.807178$8.61$13.33$1.00$CAoSLEFGMVFpcE1QV0JDU1pmV2hzVHFDLVVXQml6bXFRMFdaZVBqUVVrMWR2clVa
  • Building Design: Villa Attached
  • Building Description: 1 Story/Ranch, End-Unit, Spanish
  • Storm Protection: Electric Shutters
  • Year Built: 1980
  • Directions: From 41, turn on Pelican Bay Blvd, just past Artis Naples and Waterside shops turn left into Tierra Mar, bear right, second villa on right, flag in the yard.
  • Property Information: Ideally positioned within the original enclave of Tierra Mar, this three-bedroom plus den villa offers 2,281 square feet of refined indoor-outdoor living in one of the nation's most esteemed coastal communities. Pelican Bay remains the only residential neighborhood in the United States to offer private, resident-only access to the unspoiled white-sand beaches of Collier County. Soaring ceilings crown a sunlit atrium, drawing natural light into the heart of the home and creating an inviting, warm ambiance throughout. The open-plan dining and living rooms flow seamlessly through French doors to an expansive private lanai, where a sparkling pool and dedicated grilling station create the perfect setting for alfresco entertaining amid lush tropical landscaping. Moments away, residents enjoy world-class experiences including Artis–Naples performances, Broadway-caliber productions, and premier shopping and dining at Waterside Shops. Lifestyle amenities such as beachfront dining, scenic berms and boardwalks, and optional access to private golf clubs and state-of-the-art fitness facilities define a sophisticated coastal lifestyle.
  • Special Features: UnderContract
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Furnished Description: Partially Furnished
  • Numberof Ceiling Fans: 5
  • Num Unit Floor: 1
  • Price Per Sq Ft: 701.01
  • Total Floors: 1
  • Additional Rooms: Atrium, Den/Study, Family Room, Guest Bath, Laundry in Residence, Screened Lanai/Porch
  • Estimated Living Area: 2281
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Bedroom Description: Master BR Ground
  • Bedrooms: 3 Bed
  • Total Bedrooms: 3
  • Dining Room: Breakfast Room, Formal
  • Equipment: Auto Garage Door, Cooktop - Electric, Dishwasher, Disposal, Double Oven, Dryer, Gas Grill, Intercom, Microwave, Refrigerator/Icemaker, Safe, Security System, Self Cleaning Oven, Smoke Detector, Wall Oven, Washer, Washer/Dryer Hookup
  • Flooring: Tile
  • Floor Plan: Other
  • Interior Amenities: Bar, Built-In Cabinets, Cable Prewire, Fireplace, Foyer, French Doors, Internet Available, Laundry Tub, Pantry, Pull Down Stairs, Smoke Detectors, Vaulted Ceiling, Walk-In Closet, Wet Bar, Window Coverings
  • Kitchen: Island, Pantry
  • Primary Bathroom: Dual Sinks, Separate Tub And Shower
  • Windows: Single Hung

Exterior Features

  • Gulf Access: No
  • Private Pool: Yes
  • Private Spa: No
  • Roof: Tile
  • Construction: Concrete Block
  • Irrigation: Central
  • Road: County Maintained, Paved Road
  • View: Landscaped Area, Pool/Club, Privacy Wall
  • Exterior Features: Built In Grill, Patio, Privacy Wall, Storage
  • Exterior Finish: Stucco
  • Private Pool Type: Below Ground, Equipment Stays, Heated Solar, Screened

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2
  • Parking: 2 Assigned, Covered, Driveway Paved

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Security: Monitored Alarm
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Management Company Phone: 239-596-5567
  • Approval: Application Fee, Buyer
  • Management: Professional
  • Mandatory HOA: Yes
  • Restrictions: Architectural
  • Sub Condo Name: TIERRA MAR
  • HOA Fees: 1403
  • HOA Fee Frequency: Quarterly
  • Maintenance: Cable, Insurance, Internet/WiFi Access, Irrigation Water, Lawn/Land Maintenance, Legal/Accounting, Manager, Pest Control Exterior, Repairs, Reserve, Street Lights
  • Master Hoa Fee: 2675
  • Master HOA Fee Frequency: Annually
  • Development Name: PELICAN BAY

Association/Amenities

  • Pets: No Approval Needed
  • Development: Pelican Bay
  • Amenities: Beach - Private, Beach Access, Beach Club Available, Beach Club Included, Bike And Jog Path, Extra Storage, Internet Access, Streetlight, Tennis Court, Underground Utility
  • Community Type: Golf Course, Non-Gated, Tennis
  • Units In Building: 2
  • Total Number of Units: 46

Fee Information

  • Transfer Fees: 10000.00
  • Application Fee: 250.00

Lot Info

  • Builder Product: No
  • Lot Unit: 48
  • Section: 9
  • Total Area: 5687
  • Waterfront: No
  • Rear Exposure: West
  • Lot Description: Across From Beach Access
  • Parcel Number: 66272200009

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 2
  • Min Days Of Lease: 60

Tax Info

  • Tax Description: County Only, Homestead
  • Tax District Type: Municipal Service Tax Unit
  • Taxes: 5451.54
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $5,452 $484,416 -- --
2023 $5,452 $470,307 $0 $0
2022 $5,505 $456,609 $0 $0
2021 $5,476 $443,310 $0 $0
2020 $5,325 $437,189 $0 $0
2019 $5,248 $427,360 $0 $0
2018 $5,403 $419,392 $0 $0
2017 $4,973 $410,766 $0 $0
2016 $4,802 $402,317 $0 $0
2015 $4,752 $399,520 $0 $0
2014 $4,675 $346,349 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 Pending -- -- --
04/24/2025 04/24/25 Price Changed $1,599,000 -8.6% $701 / Sq Ft
04/02/2025 04/02/25 Price Changed $1,750,000 -12.3% $767 / Sq Ft
02/20/2025 02/20/25 Price Changed $1,995,000 -10.3% $875 / Sq Ft
01/16/2025 01/16/25 Price Changed $2,225,000 -3.3% $975 / Sq Ft
09/25/2024 09/25/24 For Sale $2,300,000 -- $1,008 / Sq Ft
Source: Naples Area Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $377,500 --
Source: Public Records

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Source: Naples Area Board of REALTORS®

MLS Number: 224076033

Naples Area Board of REALTORS®

APN: 66272200009