2 Bed Waterfront Home for Sale in Colonies
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For SaleMLS# 226023644

$244,000

2 Bed Waterfront Home for Sale in Colonies

703 Mardel Drive 506, Naples, FL, 34104

2 beds2 baths1,164 sqft
GatedPickleballTennisClubhouseCommunity PoolWaterfront

About this home

Beautiful 2 bedroom, 2 bathroom second-floor condo with stunning lake, pool, and park-like views in one of Naples' most desirable communities. This light and bright residence features a spacious floor plan, tile flooring throughout, generous storage, and an abundance of natural light. For added peace of mind, the screened lanai is equipped with roll-down storm shutters, while the front windows are protected with storm panels. Residents enjoy access to two clubhouses, multiple pools and spas, tennis courts, a fishing pier, and scenic walking paths around the community's lakes. Ideally located just minutes from Downtown Naples, 5th Avenue South, the Naples Pier, and Gulf beaches, with shopping, dining, and everyday conveniences nearby. Whether as a seasonal retreat or year-round residence, this well-maintained condo offers an exceptional combination of location, amenities, and value.

Property details

Type
Condominium
Year built
1990
Interior
1,164 sqft
Lot size
Not specified
Acreage
Not specified
Garage
None
Days on market
25
Total association fees
$7,762/yr (~$647/mo)
CDD
None
Est. taxes (1.4%)
$3,416/yr
Flood zone (area est.)
Not available
Storm protection
None listed
Exposure
West
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Public
Sewer
Public Sewer
New construction
No
Pets
Call, Conditional
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

AssociationManagementCableTvInsuranceIrrigationWaterLegalAccountingMaintenanceGroundsPestControlRecreationFacilitiesTrashWater

What the association dues cover, per the MLS. Confirm the full schedule with the HOA.

Amenities

ClubhousePierPickleballPoolTennisCourtsManagement
Above marketThis home is priced above comparable recent sales.
This home
$210/sqft
Comp median
$191/sqft
Difference
+10%

Based on the $/sqft of 14 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.

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Your notes on this home

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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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
745 Landover Circle 102Nov 2025$253,0002/21,300$195
935 New Waterford Drive F102Mar 2026$259,9002/21,212$214
784 Landover Circle 203Apr 2026$250,0002/21,300$192
800 New Waterford Drive A202Sep 2025$262,5002/21,212$217
895 New Waterford Drive J103Jun 2026$270,0002/21,212$223
1330 Derbyshire Court E103Jul 2026$215,0002/21,300$165
Average6 comps$251,733$201

Market trends, Naples

Median list
$677,000
Median $/sqft
$367
Median sold (90d)
$605,000
Avg days on market
112
Active listings
3,977
Median sold price · Naples
$605,000last 3 months3.2% vs $625,000 prior 3 months
Median closed price by month · Naples
1.7% MoM4.2% YoY
$530k$600k$670kJul ’25Aug ’26
$590,000Aug ’26 · 469 sales

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 $10,500 (4.1%) from the original list price.

Jul 7, 2026Price reducedfrom $254,500$244,000
Jun 19, 2026Listed$254,500

The good, the trade-offs & the location

Pros
  • Waterfront
Consider
  • Built 1990 — pre-2002 construction may carry older wind codes and higher insurance
  • No garage listed
Location convenienceHigh
Hospital
1.4 mi
Physicians Regional (Naples)
Beach
5.6 mi
Naples Pier / Beach
Airport
3.1 mi
Naples Airport
Shopping
4 mi
Coastland Center (Naples)

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

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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.