$429,000
1 Bed Waterfront Home for Sale in Lago Mar
1550 GULF SHORE Boulevard E2, Naples, FL, 34102
About this home
Discover effortless coastal living in this beautifully renovated second-floor residence just moments from Lowdermilk Beach Park. This light-filled end-unit offers one bedroom and two full baths, with extra windows that invite in warm Gulf breezes and abundant natural light. Enjoy peaceful bay views and spectacular sunrises from your private balcony, while evenings bring unforgettable sunsets just outside your front door. Ideally positioned to enjoy the best of Naples, you’re just a short bike ride from the renowned dining and boutiques of 5th Avenue South and Third Street South, with Venetian Village and Waterside Shops also nearby. Spend your days relaxing by the water, casting a line from the community dock, or simply strolling across the street to the sugar-white sands of the Gulf. Perfectly blending location, lifestyle, and coastal elegance, this residence is your opportunity to enjoy the very best of Naples beach living.
Property details
- Type
- Condominium
- Year built
- 1963
- Interior
- 817 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 157
- Total association fees
- $12,000/yr (~$1,000/mo)
- CDD
- None
- Est. taxes (1.4%)
- $6,006/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- East
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- New construction
- No
- Pets
- No
- County
- Collier
Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges, mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees, which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
Flood risk shown is an area-level estimate and can differ from a specific unit's actual FEMA designation (which varies by structure and elevation). Look up this address on the FEMA Flood Map and verify with a licensed insurance agent before relying on it.
Based on the $/sqft of 15 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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Recently sold nearby
Closed comparable sales within ~1 mile in the last 12 months, similar price, size, beds/baths, and age.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 261 Banyan Boulevard 104 | Jan 2026 | $499,000 | 2/2 | 864 | $578 |
| 1300 Gulf Shore Boulevard 507 | May 2026 | $350,000 | 2/2 | 850 | $412 |
| 72 7th Street 309 | Feb 2026 | $405,000 | 2/1 | 840 | $482 |
| 1012 Ridge Street | Jul 2026 | $480,000 | 2/1 | 671 | $715 |
| 3410 Gulf Shore Boulevard 702 | Apr 2026 | $450,000 | 1/1 | 953 | $472 |
| 53 High Point Circle 107 | May 2026 | $340,000 | 2/2 | 971 | $350 |
| Average | 6 comps | $420,667 | $502 |
Market trends, Naples
Median of closed MLS sales each month over the available window. Months with too few sales are omitted; the range extends automatically as more sales close.
Live area medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $66,000 (13.3%) from the original list price.
| May 14, 2026 | Price reducedfrom $444,000 | $429,000 |
| Mar 27, 2026 | Listed | $495,000 |
The good, the trade-offs & the location
- Waterfront
- Built 1963 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
- No garage listed
- Higher association fees (~$12,000/yr)
Straight-line distances to major SWFL amenities, approximate; actual drive times vary.
Nearby schools
Get more information on their programs, scores, and extracurriculars on each school's page · browse the full schools directory.
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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.