$5,341,000
SOLD APR 16, 2025
4 Beds
4.5 Baths
3,290 Sq Ft
$3,567/mo HOA Fee

Recently Sold

$1,623 Per Sq Ft

1 Day on Market

Highlights

  • Property fronts gulf or ocean
  • Fruit Trees
  • Wood Flooring
  • Veterans Memorial Elementary School Rated A
  • Contemporary Architecture
  • Furnished

About This Home

As of April 2025

Perched high above the shimmering Gulf on the 20th floor of Kalea Bay’s prestigious Tower 400, this sprawling four-bedroom, four-and-a-half-bath sky home exudes coastal luxury at its finest. Awash in natural light from floor-to-ceiling sliding glass doors, every corner frames mesmerizing, panoramic views. The residence’s crown jewel is its unparalleled lanai space, one of the largest in the tower, seamlessly blending indoor and outdoor living. Professionally designed, every detail reflects sophistication and comfort, with an open-concept floor plan, a gourmet kitchen with Subzero® & Wolf® appliances, spa-like bathroom, and luxurious finishes throughout. Refined finishes, modern appointments, and a thoughtfully flowing layout indulge comfort and sophistication. Coupled with Kalea Bay’s world-class amenities—resort-style pools, chic rooftop lounge, and state-of-the-art fitness center—this exceptional residence is a rare offering of both grandeur and grace.

Last Agent to Sell the Property

Inga Lodge

Luxe Naples Real Estate License #NAPLES-277014855 Listed on: 03/06/2025

Co-Listed By

Lori Pheasant

Luxe Naples Real Estate License #NAPLES-249512459

Last Buyer's Agent

Inga Lodge

Luxe Naples Real Estate License #NAPLES-277014855 Listed on: 03/06/2025

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2024

Lot Details

  • Property fronts gulf or ocean
  • Southwest Facing Home
  • Gated Home
  • Fruit Trees

HOA Fees

Parking

  • 1 Parking Garage Space

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Silver Rolled Roof
  • Stucco

Interior Spaces

  • 3,290 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Furnished or left unfurnished upon request
  • Combination Dining and Living Room
  • Wood Flooring
  • Built-In or Custom Kitchen Cabinets
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Dual Sinks

Home Security

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Sewer Assessments
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 76960010009

Community Details

Overview

  • $50,000 Secondary HOA Transfer Fee
  • 120 Units
  • High-Rise Condominium
  • Kalea Bay Tower 400 Condos
  • Kalea Bay Community

Recreation

  • Pickleball Courts

Pet Policy

  • Pets Allowed

Security

  • Secure Elevator
  • High Impact Windows

Property Details

Home Type

Condominium

Year Built

Built in 2024

Lot Details

0

HOA Fees

$3,567 per month

Parking

2

Listing Details

  • Legal Description: TOWER 400 AT KALEA BAY A CONDOMINIUM 2004
  • Property Type: Residential
  • Table: Residential
  • Building Design: High Rise (8+)
  • Building Description: Contemporary
  • Storm Protection: Impact Resistant Windows
  • Year Built: 2024
  • Property Information: Perched high above the shimmering Gulf on the 20th floor of Kalea Bay’s prestigious Tower 400, this sprawling four-bedroom, four-and-a-half-bath sky home exudes coastal luxury at its finest. Awash in natural light from floor-to-ceiling sliding glass doors, every corner frames mesmerizing, panoramic views. The residence’s crown jewel is its unparalleled lanai space, one of the largest in the tower, seamlessly blending indoor and outdoor living. Professionally designed, every detail reflects sophistication and comfort, with an open-concept floor plan, a gourmet kitchen with Subzero® & Wolf® appliances, spa-like bathroom, and luxurious finishes throughout. Refined finishes, modern appointments, and a thoughtfully flowing layout indulge comfort and sophistication. Coupled with Kalea Bay’s world-class amenities—resort-style pools, chic rooftop lounge, and state-of-the-art fitness center—this exceptional residence is a rare offering of both grandeur and grace.
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Furnished Description: Furnished
  • Num Unit Floor: 20
  • Price Per Sq Ft: 1623.40
  • Total Floors: 1
  • Additional Rooms: Laundry in Residence
  • Estimated Living Area: 3290
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Bedroom Description: Split Bedrooms
  • Bedrooms: 4 Bed
  • Total Bedrooms: 4
  • Dining Room: Living Dining
  • Elevator: Secured
  • Equipment: Tankless Water Heater
  • Flooring: Wood
  • Floor Plan: Split Bedrooms
  • Interior Amenities: Built-In Cabinets
  • Kitchen: Gas Available
  • Primary Bathroom: Dual Sinks
  • Windows: Impact Resistant

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Rolled Roof
  • Construction: Poured Concrete
  • Irrigation: Assessment Paid
  • Road: Private Road
  • View: Gulf
  • Exterior Features: Fruit Trees
  • Exterior Finish: Stucco
  • Waterfront Type: Gulf Frontage

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2
  • Parking: 1 Assigned

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Security: Gated
  • Sewer: Assessment Paid
  • Water: Assessment Paid
  • Gas Description: Natural

Condo/Co-op/Association

  • Management Company Phone: 2397930110
  • Approval: Application Fee
  • Management: Professional
  • Mandatory HOA: Yes
  • Restrictions: No RV
  • Sub Condo Name: KALEA BAY TOWER 400
  • Condo Fees: 8530
  • Condo Fee Frequency: Quarterly
  • Maintenance: Cable
  • Master Hoa Fee: 296
  • Master HOA Fee Frequency: Quarterly
  • Club Fee Mandatory: 7503.4
  • Club Fee Mandatory Frequency: Annually
  • Development Name: KALEA BAY

Association/Amenities

  • Pets: No Approval Needed
  • Development: Kalea Bay
  • Amenities: Pickleball
  • Community Type: Gated
  • Units In Building: 120
  • Total Number of Units: 600

Fee Information

  • Transfer Fees: 50000.00
  • Application Fee: 150.00

Lot Info

  • Builder Product: Yes
  • Total Area: 3922
  • Waterfront: Yes
  • Rear Exposure: Southwest
  • Lot Description: Other
  • Parcel Number: 76960010009

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 4
  • Min Days Of Lease: 30

Tax Info

  • Tax Description: County Only
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2025
Closed on
Apr 17, 2025
Sold by
Olexa Thomas P and Thomas P Olexa Living Trust
Bought by
Merkel James Thomas and Merkel Gena Jo
Seller's Agent
Inga Lodge
Luxe Naples Real Estate
Buyer's Agent
Inga Lodge
Luxe Naples Real Estate
List Price
$5,325,000
Sold Price
$5,341,000
Premium/Discount to List
$16,000
0.3%
Views
3
Current Estimated Value
$5,010,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$330,047
Avg. Annual Appreciation
-40.89%

Purchase Details

Listed on
Mar 6, 2025
Closed on
Apr 14, 2025
Sold by
Koenig Nancy A and Dorothy H Scripsema 2008 Air Lift Trust
Bought by
Thomas P Olexa Living Trust and Olexa
Seller's Agent
Inga Lodge
Luxe Naples Real Estate
Buyer's Agent
Inga Lodge
Luxe Naples Real Estate
List Price
$5,325,000
Sold Price
$5,341,000
Premium/Discount to List
$16,000
0.3%
Views
3

Purchase Details

Closed on
May 3, 2024
Sold by
Lodge/Abbott Associates Llc
Bought by
Dorothy H Scripsema 2008 Air Lift Trust and Koenig
Source: Public Records

Similar Homes in the area

  • 8111 Bay Colony Dr Unit 701, Naples, FL 34108

    $4,995,000

    • 3 Beds
    • 3.5 Baths
    • 3,061 Sq Ft
    • 8111 Bay Colony Dr
    • Unit 701
    • Naples, FL

    Seldom does a beachfront unit in Bay Colony undergo such a thorough transformation, especially one available to the public in such a short time frame. This residence has been carefully reimagined, from the sleek white glossy large-format porcelain tile and a stunning array of quality surfaces throughout this space. The stylish, beach-inspired, sophisticated furniture package makes this

    Shannon Lefevre John R Wood Properties

    Section Image
  • 1820 Gulf Shore Blvd N Unit 202, Naples, FL 34102

    $5,600,000

    • 3 Beds
    • 3.5 Baths
    • 2,998 Sq Ft
    • 1820 Gulf Shore Blvd N
    • Unit 202
    • Naples, FL

    Why wait years for a luxury Naples lifestyle when perfection is available today?Welcome to La Perle—an exclusive enclave of waterfront residences where refined coastal living is not a future aspiration, but an immediate reality. Ideally positioned along prestigious Gulf Shore Boulevard in The Moorings, this newly completed 2023 residence offers nearly 3,000 square feet of impeccably designed

    Trent Peake Peake Ventures LLC

    Section Image
  • 13945 Old Coast Rd Unit 2204, Naples, FL 34110

    $6,200,000

    • 4 Beds
    • 4.5 Baths
    • 3,290 Sq Ft
    • 13945 Old Coast Rd
    • Unit 2204
    • Naples, FL

    Imagine waking up to breathtaking views of the Naples coastline from your new luxury condominium in the premiere resort destination of Kalea Bay! This exquisite one-year-old unit on the 22nd floor of Tower 400 offers an unparalleled coastal living experience, designed to cater to discerning tastes. The floor plan features four bedrooms, and four and a half baths meticulously planned by renowned

    Christina Muracco Premier Sotheby's Int'l Realty

    Section Image
  • 13945 Old Coast Rd Unit 406, Naples, FL 34110

    $3,995,000

    • 4 Beds
    • 4 Baths
    • 3,238 Sq Ft
    • 13945 Old Coast Rd
    • Unit 406
    • Naples, FL

    Introducing Unit 406 in Building 400, the newest occupied building in the vibrant community of Kalea Bay! This stunning end-unit offers breathtaking, unobstructed sunset views over the sparkling bay and gulf waters. Thoughtfully designed by a talented local designer with exquisite Restoration Hardware furnishings, this home is move-in ready, allowing you to immediately embrace the Naples

    Julie Rembos Premier Sotheby's Int'l Realty

    Section Image
  • 13955 Old Coast Rd Unit 804, Naples, FL 34110

    $4,185,000

    • 4 Beds
    • 4.5 Baths
    • 3,290 Sq Ft
    • 13955 Old Coast Rd
    • Unit 804
    • Naples, FL

    NEW CONSTRUCTION TOWER 500- READY END OF 2026! 804 Tower 500 – Kalea Bay’s Premier 4-Bedroom Residence with the Largest Lanai. Kalea Bay has already established itself as one of Naples’ most coveted addresses, setting a new standard for luxury coastal living. And now, with the arrival of Residence 804 in Tower 500, you have the opportunity to secure a home that blends elegance, space, and one of

    Inga Lodge Luxe Naples Real Estate

    Section Image
  • 13955 Old Coast Rd Unit 1202, Naples, FL 34110

    $4,275,000

    • 4 Beds
    • 4.5 Baths
    • 3,453 Sq Ft
    • 13955 Old Coast Rd
    • Unit 1202
    • Naples, FL

    TOWER 500- THE FINAL TOWER AT KALEA BAY! NOW UNDER CONSTRUCTION COMPLETION LATE FALL 2026The last and most expansive tower in Kalea Bay has arrived. Tower 500 offers four-bedroom, four-and-a-half-bath residences with soaring 10-foot ceilings, larger floor plans, and unobstructed south-to-southwest views capturing Naples' most breathtaking sunsets. The 02/05 Floor plan, feature an oversized

    Inga Lodge Luxe Naples Real Estate

    Section Image
  • Unlisted Address

    $3,950,000

    • 4 Beds
    • 4 Baths
    • 3,280 Sq Ft

    Kalea Bay 704 invites you to experience the pinnacle of luxury coastal living with spectacular views and a resort-style lifestyle that is second to none. This beautifully designed residence offers four spacious bedrooms and four full baths, providing comfort, privacy, and flexibility for family and guests alike.Step onto the oversized lanai, where you can entertain, dine al fresco, or

    Lori Pheasant Luxe Naples Real Estate

    Section Image
  • 13915 Old Coast Rd Unit 1706, Naples, FL 34110

    $4,850,000

    • 3 Beds
    • 3.5 Baths
    • 3,280 Sq Ft
    • 13915 Old Coast Rd
    • Unit 1706
    • Naples, FL

    ELEGANCE AT ITS FINEST! Welcome to the award-winning Kalea Bay, an exceptional community featuring Naples' very first rooftop pool adorned with a sun deck. This magnificent 3-bedroom plus den residence showcases a highly sought-after open floor plan that encompasses over 3,200 square feet of luxurious living space. Prepare to be mesmerized by the stunning, crystal-clear vistas of the Gulf, Bay,

    Ryan Leben Realty One Group MVP

    Section Image

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
Warranty Deed $5,341,000 Grey Street Title
Warranty Deed $5,341,000 Grey Street Title
Warranty Deed $5,200,000 None Listed On Document
Warranty Deed $5,200,000 None Listed On Document
Warranty Deed $2,905,000 Old Republic National Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2025 04/16/25 Sold $5,341,000 +0.3% $1,623 / Sq Ft
03/07/2025 03/07/25 Pending -- -- --
03/06/2025 03/06/25 For Sale $5,325,000 -- $1,619 / 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
2023 -- -- -- --
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Source: Naples Area Board of REALTORS®

MLS Number: 225024900

Naples Area Board of REALTORS®

APN: 76960010009