$2,720,000
SOLD JUL 10, 2025

8720 Bay Colony Dr Unit 404 Naples, FL 34108

Pelican Bay Neighborhood
3 Beds
3 Baths
2,560 Sq Ft
$4,042/mo HOA Fee

Recently Sold

$1,062 Per Sq Ft

9% Below List Price

117 Days on Market

Highlights

  • Concierge
  • Community Beach Access
  • 24-Hour Guard
  • Sea Gate Elementary School Rated A
  • Private Beach
  • Gulf View

About This Home

As of July 2025

A timeless renovation and sophisticated design are found in this resplendent end unit treasure in Mansion La Palma within Bay Colony! Gorgeous flooring (no carpet), a redesigned new bright kitchen featuring quartz counter tops and new appliances as well as stylish lighting, fresh paint and numerous upgrades throughout create a harmonious balance in this spacious condominium. Three bedrooms, three full baths, walk in closets, plantation shutters, a great room floor plan, two deeded garage spaces, an expansive screened lanai to enjoy sunset views and two additional balcony areas for privacy are offered. The Mansion La Palma provides residents and their guests a private pool and spa as well as gas grills. A new roof has also been added to the condo building.
The Bay Colony Beach Club has undergone an extensive renovation in the past couple of years and affords residents an unsurpassed dining experience on the Gulf in the beautiful club as well as dining around the pool and outdoor bar area. The state of the art Bay Colony tennis facility is new and enviable. Bay Colony residents also have membership privileges in Pelican Bay and use of their fitness and tennis facilities and two beach front dining clubs located along the 2 1/2 mile private beach.

Last Agent to Sell the Property

Lee Willis

The Willis Group, LLC License #NAPLES-429501149 Listed on: 01/05/2025

Last Buyer's Agent

Bret Borshell

Robert Slack LLC License #BEAR-3451783

Robert Slack LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,355

Year Built

  • Built in 1996

Lot Details

  • Property fronts a private road
  • Private Beach
  • End Unit
  • West Facing Home
  • Sprinkler System

HOA Fees

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Guest Parking
  • 2 Parking Garage Spaces
  • Deeded Parking
  • Secure Parking

Property Views

  • Gulf
  • Tennis Court

Home Design

  • Mid Level
  • Traditional Architecture
  • Flat Roof Shape
  • Concrete Block With Brick
  • Stucco

Interior Spaces

  • 2,560 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Corner Fireplace
  • Electric Shutters
  • Single Hung Windows
  • Sliding Windows
  • Great Room
  • Combination Dining and Living Room
  • Breakfast Room
  • Den
  • Storage
  • Security System Owned

Kitchen

  • Breakfast Bar
  • Built-In Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Sinks
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Outdoor Features

  • Screened Balcony

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 56495000326

Community Details

Overview

  • $20,000 Secondary HOA Transfer Fee
  • 26 Units
  • Private Membership Available
  • Mansion La Palma At Bay Colony Condos
  • Pelican Bay Community
  • Car Wash Area

Amenities

  • Concierge
  • Community Barbecue Grill
  • Trash Chute
  • Clubhouse
  • Elevator

Recreation

  • Community Beach Access
  • Private Beach Pavilion
  • Beach Club Membership Available
  • Tennis Courts
  • Community Pool
  • Bike Trail

Pet Policy

  • Call for details about the types of pets allowed

Security

  • 24-Hour Guard
  • Card or Code Access
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,355

Year Built

Built in 1996

Lot Details

0

HOA Fees

$4,042 per month

Parking

2

Listing Details

  • Legal Description: MANSION LA PALMA AT BAY COLONY A CONDOMINIUM UNIT 404
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.250244$-81.819134$321.55$13.33$1.00$8LLnav9LdEBn_ke0KU8mgw
  • Building Design: Mid Rise (4-7)
  • Building Description: Corner, End-Unit, Traditional
  • Storm Protection: Electric Shutters
  • Year Built: 1996
  • Property Information: A timeless renovation and sophisticated design are found in this resplendent end unit treasure in Mansion La Palma within Bay Colony! Gorgeous flooring (no carpet), a redesigned new bright kitchen featuring quartz counter tops and new appliances as well as stylish lighting, fresh paint and numerous upgrades throughout create a harmonious balance in this spacious condominium. Three bedrooms, three full baths, walk in closets, plantation shutters, a great room floor plan, two deeded garage spaces, an expansive screened lanai to enjoy sunset views and two additional balcony areas for privacy are offered. The Mansion La Palma provides residents and their guests a private pool and spa as well as gas grills. A new roof has also been added to the condo building. The Bay Colony Beach Club has undergone an extensive renovation in the past couple of years and affords residents an unsurpassed dining experience on the Gulf in the beautiful club as well as dining around the pool and outdoor bar area. The state of the art Bay Colony tennis facility is new and enviable. Bay Colony residents also have membership privileges in Pelican Bay and use of their fitness and tennis facilities and two beach front dining clubs located along the 2 1/2 mile private beach.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Furnished Description: Unfurnished
  • Num Unit Floor: 4
  • Price Per Sq Ft: 1062.50
  • Total Floors: 1
  • Room Count: 6
  • Additional Rooms: Balcony, Den/Study, Great Room, Guest Bath, Guest Room, Laundry in Residence, Screened Balcony
  • Estimated Living Area: 2560
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedroom Description: Split Bedrooms
  • Bedrooms: 3 Bed
  • Total Bedrooms: 3
  • Dining Room: Breakfast Bar, Breakfast Room, Living Dining
  • Elevator: Common
  • Equipment: Auto Garage Door, Cooktop - Electric, Dishwasher, Disposal, Dryer, Microwave, Refrigerator/Icemaker, Security System, Self Cleaning Oven, Smoke Detector, Wall Oven, Washer, Wine Cooler
  • Flooring: Other
  • Floor Plan: Great Room, Split Bedrooms
  • Interior Amenities: Built-In Cabinets, Cable Prewire, Fire Sprinkler, Foyer, Internet Available, Laundry Tub, Smoke Detectors, Walk-In Closet, Wet Bar, Window Coverings
  • Primary Bathroom: Dual Sinks, Separate Tub And Shower
  • Windows: Single Hung, Sliding

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Built-Up Or Flat
  • Construction: Concrete Block
  • Irrigation: Assessment Paid, Central
  • Road: Private Road
  • View: Gulf, Landscaped Area, Tennis Courts
  • Exterior Features: Private Road, Sprinkler Auto, Storage
  • Exterior Finish: Stucco

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2
  • Parking: 2 Assigned, Deeded, Guest, Under Bldg Closed

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Security: Entry Keypad, Secured Garage, Guard At Gate, Patrolled, Private Security System
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Management Company Phone: 239-591-2202
  • Approval: Application Fee
  • Management: Professional
  • Mandatory HOA: Yes
  • Restrictions: Deeded, No RV, No Truck
  • Sub Condo Name: MANSION LA PALMA AT BAY COLONY
  • Condo Fees: 9999.51
  • Condo Fee Frequency: Quarterly
  • Maintenance: Cable, Irrigation Water, Lawn/Land Maintenance, Manager, Pest Control Exterior, Reserve, Security, Sewer, Street Maintenance, Trash Removal, Water
  • Master Hoa Fee: 5760
  • Master HOA Fee Frequency: Annually
  • Club Fee Mandatory: 2750
  • Club Fee Mandatory Frequency: Annually
  • Development Name: PELICAN BAY

Association/Amenities

  • Pets: Limits
  • Pets Limit Other: 1 dog (no more than 15" tall) or 2 cats
  • Development: Pelican Bay
  • Amenities: BBQ - Picnic, Beach - Private, Beach Access, Beach Club Available, Bike And Jog Path, Clubhouse, Community Pool, Concierge Services, Private Beach Pavilion, Private Membership, Sidewalk, Streetlight, Tennis Court, Trash Chute, Underground Utility, Vehicle Wash Area
  • Community Type: Gated, Tennis
  • Units In Building: 26
  • Total Number of Units: 26

Fee Information

  • Transfer Fees: 20000.00
  • Application Fee: 250.00

Lot Info

  • Builder Product: No
  • Lot Unit: 404
  • Section: 32
  • Total Area: 3050
  • Waterfront: No
  • Rear Exposure: West
  • Lot Description: Zero Lot Line
  • Parcel Number: 56495000326

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 1
  • Min Days Of Lease: 90

Tax Info

  • Tax Description: County Only
  • Tax District Type: Municipal Service Tax Unit
  • Taxes: 18354.94
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2025
Closed on
Jul 10, 2025
Sold by
Venters Michael Ethan and Venters Michael R
Bought by
Rainbow Sky Llc
Seller's Agent
Lee Willis
The Willis Group, LLC
Buyer's Agent
Bret Borshell
Robert Slack LLC
List Price
$2,995,000
Sold Price
$2,720,000
Premium/Discount to List
-$275,000
-9.18%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
60.70%

Purchase Details

Listed on
Jan 5, 2025
Closed on
May 22, 2025
Sold by
Venters Laura
Bought by
Laura Venters Revocable Trust and Venters
Seller's Agent
Lee Willis
The Willis Group, LLC
Buyer's Agent
Bret Borshell
Robert Slack LLC
List Price
$2,995,000
Sold Price
$2,720,000
Premium/Discount to List
-$275,000
-9.18%
Views
20

Purchase Details

Closed on
Nov 4, 2011
Sold by
Hoselton Naples Llc
Bought by
Venters Michael R and Venters Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
2.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 25, 2010
Sold by
Hoselton Jay G and Hoselton James C
Bought by
Hoselton Naples Llc

Purchase Details

Closed on
May 24, 2007
Sold by
Hoselton Jay G
Bought by
Hoselton Jay G

Purchase Details

Closed on
Aug 22, 1996
Sold by
Bay Colony Gateway Inc
Bought by
Hamilton Gerald J and Hamilton Elizabeth M
Source: Public Records

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Range of Values:

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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
Warranty Deed $2,720,000 None Listed On Document
Warranty Deed $2,720,000 None Listed On Document
Special Warranty Deed -- None Listed On Document
Warranty Deed $998,000 Florida Title & Guarantee
Special Warranty Deed -- Attorney
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- Attorney
Warranty Deed $580,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $632,000 Adjustable Rate Mortgage/ARM
Previous Owner $417,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 Sold $2,720,000 -9.2% $1,063 / Sq Ft
05/02/2025 05/02/25 Pending -- -- --
01/04/2025 01/04/25 For Sale $2,995,000 -- $1,170 / 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
2024 $18,355 $1,760,913 -- --
2023 $18,355 $1,600,830 $0 $0
2022 $17,209 $1,455,300 $0 $0
2021 $15,358 $1,323,000 $0 $1,323,000
2020 $15,173 $1,323,000 $0 $1,323,000
2019 $15,002 $1,297,400 $0 $1,297,400
2018 $14,810 $1,259,000 $0 $1,259,000
2017 $13,853 $1,195,000 $0 $1,195,000
2016 $13,173 $1,129,040 $0 $0
2015 $12,013 $1,026,400 $0 $0
2014 -- $975,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 225001312

Naples Area Board of REALTORS®

APN: 56495000326