NOT LISTED FOR SALE

7103 Verde Way Naples, FL 34108

Pelican Bay Neighborhood

Estimated Value: $3,329,929 - $3,821,000

3 Beds
4 Baths
4,446 Sq Ft
$811/Sq Ft Est. Value

Last Sold March 08, 2018

Last sale price $1,725,000 $388 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $20,182/month

124 Days on Market

Highlights

  • Central Heating and Cooling System
  • 6 Ceiling Fans
  • 1-Story Property
  • Sea Gate Elementary School Rated A
  • Villa

About This Home

As of March 2018

IMAGINE THAT you could live in the beautiful Naples Florida area. Beautiful sand public beaches, sub tropical weather, famous restaurants, great live theater, and art galleries galore. IMAGINE THAT you could live in the community of Pelican Bay in the Naples area. Beach front restaurants, community center, miles of walk and biking trails, beautiful homes, villas, and condos. IMAGINE THAT you could live in the gated community of Isle Verde within Pelican Bay. This is a 3,620 sq. ft., 3 bedroom, 3.5 bath, office/den, fireplace, in ground heated pool, and separate cabana house, whirlpool tub, tile and wood floors, and 2 car garage. This is one of the finest offerings in this highly sought after destination. Call for a private showing.

Last Agent to Sell the Property

Mary Burke

Premiere Plus Realty Company Listed on: 10/04/2017

Premiere Plus Realty Company

Last Buyer's Agent

Sheila Varnum

Downing Frye Realty Inc.

Downing Frye Realty Inc.

Townhouse Details

Home Type

  • Townhome

Year Built

  • 1994

Lot Details

  • 0.25

Home Design

  • Villa
  • Entry on the 1st floor
  • Tile

Interior Spaces

  • 4,446 Sq Ft Home
  • 1-Story Property
  • 6 Ceiling Fans

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

Community Details

Overview

  • $6,000 Secondary HOA Transfer Fee
  • Isle Verde Condos

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Year Built

1994

Lot Details

0

Listing Details

  • Legal Description: isle verde at pelican bay lot 17
  • Street View Param: 1$26.244063$-81.805249$59.52$13.33$1.00$WtUWkzqbSKdJGRxzc-8_rA
  • Building Design: Villa Attached
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 1
  • Year Built: 1994

Interior Features

  • Additional Rooms: Family Room, Great Room, Guest Bath, Den/Study
  • Bedroom Description: Master BR Ground, Split Bedrooms
  • Bedrooms and Dens: 3+Den
  • Dining Room: Breakfast Bar, Living Dining
  • Equipment: Auto Garage Door, Dishwasher, Disposal, Double Oven, Dryer, Gas Grill, Microwave, Range, Refrigerator, Smoke Detector, Washer/Dryer Hookup, Wine Cooler
  • Floor Plan: Courtyard, Split Bedrooms
  • Flooring: Tile, Wood
  • Interior Amenities: Pantry, Smoke Detectors, Vaulted Ceiling, Walk-In Closet, Window Coverings
  • Primary Bathroom: Dual Sinks, Separate Tub And Shower
  • Furnished Description: Unfurnished
  • Numberof Ceiling Fans: 6
  • Num Unit Floor: 1
  • Price Per Sq Ft: 476.52
  • Total Floors: 1

Exterior Features

  • Construction: Concrete Block, Wood Frame
  • Exterior Finish: Stucco
  • Guest House: 1 Bath, 1 Bedroom
  • Irrigation: Central
  • Private Pool: Above Ground, Concrete, Heated Electric
  • Private Spa: Above Ground, Heated Electric
  • Storm Protection: Electric Shutters
  • Windows: Single Hung, Sliding
  • Roof: Tile

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2

Utilities

  • Sewer: Central
  • Water: Central
  • Cooling: Central Electric
  • Heat: Central Electric

Condo/Co-op/Association

  • Amenities: Beach Access, Beach Club Available, Business Center, Community Park, Community Room, Exercise Room, Fitness Center Attended, Golf Course, Play Area, Sidewalk, Tennis Court
  • Community Type: Gated, Tennis
  • Maintenance: Cable, Lawn/Land Maintenance, Manager, Street Lights
  • Approval: Application Fee
  • Management: Professional
  • Restrictions: No RV
  • Sub Condo Name: ISLE VERDE

Association/Amenities

  • Units in Building: 2
  • Total Number of Units: 36
  • Pets: No Approval Needed
  • Development: Pelican Bay

Fee Information

  • HOA Fees: 3265.25
  • HOA Fee Frequency: Quarterly
  • Master HOA Fee: 2384
  • Master HOA Fee Frequency: Annually
  • Transfer Fees: 6000.00
  • Application Fee: 200.00

Schools

  • Elementary School: Seagate Elementary
  • High School: Barron Collier
  • Middle School: Pine Ridge

Lot Info

  • Lot Description: Zero Lot Line
  • Rear Exposure: Northeast
  • View: Golf Course, Pond
  • Section: 33
  • Total Area: 4446

Rental Info

  • Leases Per Year: 1
  • Min Days Of Lease: 120

Tax Info

  • Tax Description: County Only

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2021
Sold by
Reich Richard M and Reich Carolyn M
Bought by
Reich Richard M and Reich Carolyn M
Current Estimated Value
$3,607,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$672,322
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$2,935,410

Purchase Details

Closed on
Mar 3, 2021
Sold by
Reich Richard M and Reich Carolyn M
Bought by
Reich Richard M and Reich Carolyn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$672,322
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$2,935,410

Purchase Details

Closed on
Feb 20, 2020
Sold by
Reich Richard M and Reich Carolyn M
Bought by
Reich Richard M and Reich Carolyn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$741,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2018
Sold by
Reich Richard M and Reich Carolyn M
Bought by
Reich Richard M and Riech Carolyn

Purchase Details

Listed on
Oct 4, 2017
Closed on
Mar 8, 2018
Sold by
Moran Lois B
Bought by
Reich Richard M and Reich Carolyn M
Seller's Agent
Mary Burke
Premiere Plus Realty Company
Buyer's Agent
Sheila Varnum
Downing Frye Realty Inc.
List Price
$2,200,000
Sold Price
$1,725,000
Premium/Discount to List
-$475,000
-21.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.80%

Purchase Details

Closed on
Dec 2, 2010
Sold by
Poling Kathryn L
Bought by
Moran Lois B

Purchase Details

Closed on
Apr 23, 2010
Sold by
Poling Kathryn L
Bought by
Poling Kathryn L

Purchase Details

Closed on
Apr 3, 2006
Sold by
Obrien Barbara A and Legro Richard H
Bought by
Poling Kathryn L

Purchase Details

Closed on
Jan 24, 1995
Sold by
I P P Naples Ltd
Bought by
Obrien Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$672,750
Interest Rate
9.24%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Reich Richard M -- Accommodation
Reich Richard M -- Attorney
Reich Richard M -- Attorney
Reich Richard M -- Attorney
Reich Richard M -- Attorney
Reich Richard M $1,725,000 Attorney
Moran Lois B $1,690,000 Attorney
Gosiger Incorporated -- Attorney
Poling Kathryn L -- Attorney
Poling Kathryn L $1,800,000 Attorney
Obrien Barbara A $897,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reich Richard M $750,000
Closed Reich Richard M $741,000
Previous Owner Obrien Barbara A $672,750
Closed Reich Richard M $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2018 03/08/18 Sold $1,725,000 -21.6% $388 / Sq Ft
02/05/2018 02/05/18 Pending -- -- --
10/04/2017 10/04/17 For Sale $2,200,000 -- $495 / 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 $17,371 $1,757,780 -- --
2024 $17,211 $1,708,241 -- --
2023 $17,211 $1,658,486 $0 $0
2022 $17,674 $1,610,181 $0 $0
2021 $17,800 $1,563,283 $0 $0
2020 $17,358 $1,541,699 $0 $0
2019 $17,098 $1,507,037 $0 $0
2018 $22,521 $1,943,241 $1,203,721 $739,520
2017 $20,951 $1,857,679 $1,133,988 $723,691
2016 $18,617 $1,482,976 $0 $0
2015 $17,891 $1,348,160 $0 $0
2014 $14,502 $1,225,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mary Burke

    Seller's Agent in 2018

    Mary Burke

    Premiere Plus Realty Company

    (239) 262-4536

    14 Total Sales

    Mary Burke
    Section Image

  • S

    Buyer's Agent in 2018

    Sheila Varnum

    Downing Frye Realty Inc.

    (239) 272-1443

    16 in this area

    22 Total Sales

    Sheila Varnum
    Section Image
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Map

Source: Naples Area Board of REALTORS®

MLS Number: 217059342

Naples Area Board of REALTORS®

APN: 52520000648

Florida Collier County Naples 34108 Pelican Bay

7103 Verde Way, Naples, FL

Not Listed for Sale

Townhouses

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Naples Area Board of REALTORS® The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright 2026 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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