NOT LISTED FOR SALE

Estimated Value: $4,841,772 - $5,119,000

4 Beds
4.5 Baths
3,290 Sq Ft
$3,567/mo HOA Fee

Last Sold April 16, 2025

Last sale price $5,341,000 $1,623 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $29,523/month

1 Day on Market

Highlights

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

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 Listed on: 03/06/2025

Co-Listed By

Lori Pheasant

Luxe Naples Real Estate

Last Buyer's Agent

Inga Lodge

Luxe Naples Real Estate 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
  • Entry on the 20th floor
  • 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
  • Gulf Views
  • 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
  • Mandatory home owners association

Recreation

  • Pickleball Courts

Pet Policy

  • Pets Allowed

Security

  • Secure Elevator
  • Gated Community
  • 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
  • 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

  • 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
$4,975,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$365,409
Avg. Annual Appreciation
-8.69%

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
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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
Merkel James Thomas $5,341,000 Grey Street Title
Merkel James Thomas $5,341,000 Grey Street Title
Thomas P Olexa Living Trust $5,200,000 None Listed On Document
Thomas P Olexa Living Trust $5,200,000 None Listed On Document
Dorothy H Scripsema 2008 Air Lift Trust $2,905,000 Old Republic National Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $813 $3,043,300 -- $3,043,300
2024 -- $85,000 $85,000 --
2023 -- -- -- --
Source: Public Records

Agents Affiliated with this Home

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Source: Naples Area Board of REALTORS®

MLS Number: 225024900

Naples Area Board of REALTORS®

APN: 76960010009