$449,000
2 Bed 2 Bath Condominium for Sale in VANDERBILT TOWERS, FL
3 Bluebill Avenue 509, Naples, FL, 34108
About this home
INCOME PRODUCING • TRANSFERABLE LEASE • PRIME LOCATION Investor-ready condo with immediate cash flow—currently leased with a transferable tenant in place. Located in a gated waterfront community just steps from Vanderbilt Beach. Ideal for investors seeking stable income with upside through seasonal rentals or future appreciation. ? Income-producing from day one ? Transferable lease in place ? STR potential (up to 12x/year, 30-day min) ? Resort-style amenities + marina access Now offered at $449,000—one of the best value plays in the area.
Property details
- Type
- Condominium
- Year built
- 1972
- Interior
- 1,076 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 77
- Total association fees
- $11,162/yr (~$930/mo)
- CDD
- None
- Est. taxes (1.4%)
- $6,286/yr
- Flood zone (area est.)
- Not available
- Storm protection
- None listed
- Exposure
- Northeast
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Public Sewer
- 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
Based on the $/sqft of 5 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
Seeing several homes? Build a tour and we'll route it for you.
Your notes on this home
Keep private notes on this home — what you love, what to ask about — saved to your account and shared with your agent.
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 |
|---|---|---|---|---|---|
| 3 Bluebill Avenue 609 | Feb 2026 | $400,000 | 2/2 | 1,076 | $372 |
| 814 107th Avenue | Nov 2025 | $525,000 | 3/2 | 1,140 | $461 |
| 800 102nd Avenue | Jul 2026 | $460,000 | 2/1 | 900 | $511 |
| 638 93rd Avenue | Jul 2025 | $540,000 | 2/2 | 1,068 | $506 |
| 828 Gulf Pavilion Drive 105 | Aug 2025 | $450,000 | 2/2 | 1,179 | $382 |
| Average | 5 comps | $475,000 | $446 |
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 $145,000 (26.6%) from the original list price.
| Jun 1, 2026 | Sold | $400,000 |
| Apr 21, 2026 | Price reducedfrom $489,000 | $449,000 |
| Feb 5, 2026 | Listed | $545,000 |
The good, the trade-offs & the location
- Built 1972 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
- Higher association fees (~$11,162/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.
Similar homes nearby
$369,000
MLS# 2260013383 Bluebill Avenue 206, Naples, FL, 34108
$529,000
MLS# 226000801397 Valley Drive, Bonita Springs, FL, 34134
$475,000
MLS# 226017582887 Gulf Pavilion Drive 203, Naples, FL, 34108
$529,000
MLS# 226007475821 Gulf Pavilion Drive 106, Naples, FL, 34108
$450,000
MLS# 2260251769044 Somerset Lane, Bonita Springs, FL, 34135
$450,000
MLS# 22602610427514 Playa Del Rey Lane, Bonita Springs, FL, 34135
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.