NOT LISTED FOR SALE

8990 Bay Colony Dr Unit 501 Naples, FL 34108

Pelican Bay Neighborhood

Estimated Value: $2,284,000 - $3,468,000

3 Beds
3 Baths
2,500 Sq Ft
$2,703/mo HOA Fee

Last Sold April 08, 2021

Last sale price $1,850,000 $740 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $18,853/month

127 Days on Market

Highlights

  • Community Beach Access
  • Property fronts gulf or ocean
  • Mangrove Front
  • Sea Gate Elementary School Rated A
  • Fitness Center
  • End Unit

About This Home

As of April 2021

Stunning sunrise and sunsets can be enjoyed from this highly sought after end unit. The 01 stack of Marquesa, a lovely boutique high rise, is coveted for its expansive views and immense privacy. This rarely available end unit provides tons of natural light with its east, south, and west exposures overlooking the beautiful, calming, Estuary and Gulf of Mexico. Among the spacious 2,500 sq feet interior features include newer top-of-the-line appliances, updated baths, custom lighting, 9' ceilings, and newer mechanicals. The outdoor space is abundant with two open air terraces and an oversized screened lanai to enjoy the spectacular views all year round. Bay Colony amenities include private beach access with chairs, umbrellas, and cabanas; Beach Club with pool and private restaurant and Tennis Facilities. Pelican Bay is centrally located between upscale Waterside Shops and the Beachfront Ritz Carlton Resort. In addition to Bay Colony amenities, Pelican Bay residents can enjoy three miles of beach, 2 private beachfront pavilions with restaurant and showers, miles of walking and nature paths, kayaking, canoeing, sailing, fitness center with spa and 18 Har-tru tennis courts.

Last Agent to Sell the Property

Victoria Harrison

Downing Frye Realty Inc. License #NAPLES-249501360 Listed on: 10/27/2020

Downing Frye Realty Inc.

Last Buyer's Agent

Corey Cabral

Downing Frye Realty Inc. License #NAPLES-249512884

Downing Frye Realty Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,369

Year Built

  • Built in 1994

Lot Details

  • Property fronts gulf or ocean
  • Property Fronts a Bay or Harbor
  • End Unit
  • Southwest Facing Home

HOA Fees

Parking

  • 2 Car Attached Garage
  • Deeded Parking

Home Design

  • Entry on the 5th floor
  • Flat Roof Shape
  • Concrete Block With Brick
  • Stucco

Interior Spaces

  • 2,500 Sq Ft Home
  • Ceiling Fan
  • Electric Shutters
  • Sliding Windows
  • Combination Dining and Living Room
  • Gulf Views

Kitchen

  • Double Oven
  • Cooktop
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Sinks
  • Shower Only

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Home Security

Outdoor Features

  • Mangrove Front
  • Screened Balcony

Schools

  • Sea Gate Elementary School
  • Pine Ridge Middle School
  • Barron Collier High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 59720000221

Community Details

Overview

  • $12,500 Secondary HOA Transfer Fee
  • 39 Units
  • High-Rise Condominium
  • Marquesa At Bay Colony Condos
  • Car Wash Area
  • 15-Story Property

Amenities

  • Trash Chute
  • Elevator

Recreation

  • Community Beach Access
  • Private Beach Pavilion
  • Tennis Courts
  • Fitness Center
  • Exercise Course
  • Community Pool or Spa Combo
  • Bike Trail

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,369

Year Built

Built in 1994

Lot Details

0

HOA Fees

$2,703 per month

Parking

2

Listing Details

  • Legal Description: MARQUESA AT BAY COLONY, THE A CONDOMINIUM 501
  • Property Type: Residential
  • Table: Residential
  • Building Design: High Rise (8+)
  • Building Description: End-Unit
  • Storm Protection: Electric Shutters
  • Year Built: 1994
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 15

Interior Features

  • Furnished Description: Unfurnished
  • Num Unit Floor: 5
  • Price Per Sq Ft: 740.00
  • Total Floors: 15
  • Additional Rooms: Screened Balcony
  • Estimated Living Area: 2500
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedrooms: 3+Den
  • Total Bedrooms: 3
  • Dining Room: Living Dining
  • Elevator: Common
  • Equipment: Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Refrigerator/Icemaker, Smoke Detector, Washer, Wine Cooler
  • Flooring: Carpet, Tile
  • Floor Plan: Split Bedrooms
  • Interior Amenities: Built-In Cabinets, Cable Prewire, Fire Sprinkler, High Speed Available, Laundry Tub, Smoke Detectors, Walk-In Closet
  • Primary Bathroom: Dual Sinks, Shower Only
  • Windows: Sliding

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Built-Up Or Flat
  • Construction: Concrete Block
  • Irrigation: Reclaimed
  • View: Gulf
  • Exterior Finish: Stucco
  • Waterfront Type: Bay, Gulf Frontage, Mangrove

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2

Utilities

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

Condo/Co-op/Association

  • Management Company Phone: 2395949000
  • Approval: Application Fee, Buyer
  • Management: Condo
  • Mandatory HOA: Yes
  • Restrictions: Architectural, Deeded
  • Sub Condo Name: MARQUESA AT BAY COLONY
  • Condo Fees: 24252
  • Condo Fee Frequency: Annually
  • HOA Fees: 3865
  • HOA Fee Frequency: Annually
  • Maintenance: Cable, Internet/WiFi Access, Irrigation Water, Lawn/Land Maintenance, Legal/Accounting, Manager, Pest Control Exterior, Pest Control Interior, Security, Sewer, Street Lights, Street Maintenance, Trash Removal, Water
  • Master Hoa Fee: 2396
  • Master HOA Fee Frequency: Annually
  • Club Fee Mandatory: 1922
  • Club Fee Mandatory Frequency: Annually

Association/Amenities

  • Pets: Limits
  • Pets Limit Other: 1 dog 15"at shoulder max, or 2 cats and no more than 2 birds
  • Development: Pelican Bay
  • Amenities: Beach Access, Bike And Jog Path, Community Pool, Community Room, Community Spa/Hot tub, Exercise Room, Fitness Center Attended, Guest Room, Internet Access, Private Beach Pavilion, Sidewalk, Streetlight, Tennis Court, Trash Chute, Underground Utility, Vehicle Wash Area
  • Community Type: Gated
  • Units In Building: 39
  • Total Number of Units: 39

Fee Information

  • Transfer Fees: 12500.00
  • Application Fee: 100.00

Schools

  • Elementary School: SEA GATE ELEMENTARY
  • Middle School: PINE RIDGE MIDDLE SCHOOL
  • High School: BARRON COLLIER HIGH SCHOOL
  • Elementary School: Sea Gate Elementary
  • High School: Barron Collier High School
  • Middle School: Pine Ridge Middle School

Lot Info

  • Builder Product: No
  • Lot Unit: 501
  • Section: 33
  • Total Area: 2958
  • Waterfront: Yes
  • Rear Exposure: Southwest
  • Lot Description: Zero Lot Line
  • Parcel Number: 59720000221

Rental Info

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

Tax Info

  • Tax Description: County Only, Homestead
  • Tax District Type: Municipal Service Tax Developmen
  • Taxes: 13369.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2020
Closed on
Apr 8, 2021
Sold by
Mascott G Theodore G and Mascott Mary Mcdonald
Bought by
Grabowski Wayne M and Moreno Tracey
Seller's Agent
Victoria Harrison
Downing Frye Realty Inc.
Buyer's Agent
Corey Cabral
Downing Frye Realty Inc.
List Price
$1,950,000
Sold Price
$1,850,000
Premium/Discount to List
-$100,000
-5.13%
Current Estimated Value
$2,734,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$884,901
Avg. Annual Appreciation
10.12%

Purchase Details

Closed on
May 29, 1998
Sold by
Star Stanley A and Star Elizabeth A
Bought by
Mascott G Theodore and Mascott Mary Mcdonald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.15%

Purchase Details

Closed on
Oct 29, 1996
Sold by
Star Stanley A and Star Elizabeth A
Bought by
Star Stanley A and Star Elizabeth A

Purchase Details

Closed on
Dec 1, 1994
Sold by
W C N Com Inc
Bought by
Star Stanley A and Star Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,500
Interest Rate
9.01%
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 Buyer Sale Price Title Company
Grabowski Wayne M $1,850,000 None Available
Mascott G Theodore $820,000 --
Star Stanley A -- --
Star Stanley A $575,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mascott G Theodore $650,000
Previous Owner Star Stanley A $388,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2021 04/08/21 Sold $1,850,000 -5.1% $740 / Sq Ft
03/03/2021 03/03/21 Pending -- -- --
12/01/2020 12/01/20 For Sale $1,950,000 +5.4% $780 / Sq Ft
11/16/2020 11/16/20 Off Market $1,850,000 -- --
10/27/2020 10/27/20 For Sale $1,950,000 -- $780 / 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 $19,794 $2,043,276 -- --
2024 $19,628 $1,985,691 -- --
2023 $19,628 $1,927,855 $0 $0
2022 $20,202 $1,871,704 $0 $1,871,704
2021 $13,922 $1,231,416 $0 $0
2020 $13,571 $1,214,414 $0 $0
2019 $13,369 $1,187,110 $0 $0
2018 $13,359 $1,164,975 $0 $0
2017 $12,832 $1,141,014 $0 $0
2016 $12,507 $1,117,546 $0 $0
2015 $12,524 $1,109,778 $0 $0
2014 $12,479 $1,050,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Naples Area Board of REALTORS®

MLS Number: 220068678

Naples Area Board of REALTORS®

APN: 59720000221