2 Bed Waterfront Home for Sale in Island Walk
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For SaleMLS# 226031207

$485,000

2 Bed Waterfront Home for Sale in Island Walk

4642 Ossabaw Way, Naples, FL, 34119

2 beds2 baths1,686 sqft2 garage
GatedPickleballTennisBocceFitness CenterClubhouseBasketballPlaygroundCommunity PoolOn-site DiningWaterfront

About this home

One or more photo(s) has been virtually staged, AI generated or rendered. This beautifully maintained two-bedroom, two-bath Capri villa offers a light-filled, inviting floor plan designed for effortless Florida living. A flexible den/seating area provides additional living space, while the glass-enclosed sunroom is the perfect spot to relax and take in the tranquil surroundings. Step outside to the extended paver patio, where picturesque lake views create an ideal setting for morning coffee, evening cocktails, or simply enjoying the Florida sunshine. Light, bright, and exceptionally private, the home has been thoughtfully maintained with valuable updates including a new roof in 2021, A/C system in 2019, and water heater in 2023. Storm protection provides additional convenience and peace of mind. Life at award-winning Island Walk offers the perfect balance of resort-style amenities, an active social atmosphere, and peaceful residential living. Low community fees provide exceptional value and include HDTV, high-speed internet, lawn and landscape maintenance, and irrigation. At the heart of the community, the Town Center features resort and lap pools, seven Har-Tru tennis courts, four pickleball courts, a state-of-the-art fitness center, putting green, and bocce courts. Residents also enjoy the convenience of an on-site post office, Casa Cotzelli restaurant, gas station, car wash, and full-service hair and nail salons. Ideally located just minutes from Naples’ renowned shopping and dining and the beautiful Gulf beaches, this exceptional Island Walk villa combines privacy, serene lake views, valuable updates, and an amenity-rich lifestyle in one of Naples’ most desirable communities.

Property details

Type
SingleFamilyResidence
Year built
2001
Interior
1,686 sqft
Lot size
5,227.2 sqft
Acreage
0.12 acres
Garage
2 car
Days on market
1
Total association fees
$6,288/yr (~$524/mo)
CDD
None
Est. taxes (1.4%)
$6,790/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
None listed
Exposure
East
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
Yes
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

AssociationManagementCableTvInternetIrrigationWaterLegalAccountingMaintenanceGroundsReserveFundRoadMaintenanceSewerStreetLightsSecurityTrash

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

Amenities

BasketballCourtBocceCourtBikeStorageClubhouseFitnessCenterLibraryBarbecuePicnicAreaPlaygroundPickleballParkPoolPuttingGreensRestaurantSpaHotTubSidewalksTennisCourtsTrailsVehicleWashAreaManagement

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.

At marketThis home is priced in line with comparable recent sales.
This home
$288/sqft
Comp median
$298/sqft
Difference
-3%

Based on the $/sqft of 17 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
4630 Ossabaw WayJul 2026$462,0002/21,540$300
4546 Ossabaw WaySep 2025$500,0002/21,680$298
6096 Towncenter CircleFeb 2026$520,0003/21,806$288
4251 Redonda LaneDec 2025$450,0002/21,540$292
4255 Redonda LaneMar 2026$435,0002/21,540$282
6284 Towncenter CircleJul 2026$436,0003/21,786$244
Average6 comps$467,167$284

Market trends, Island Walk

Median list
$499,000
Median $/sqft
$308
Median sold (90d)
$532,500
Avg days on market
57
Active listings
10
Median sold price · Island Walk
$532,500last 3 months5.4% vs $505,000 prior 3 months
Median closed price by month · Island Walk
35% MoM20.2% YoY
$430k$565k$700kAug ’25Aug ’26
$619,000Aug ’26 · 10 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 community medians from the MLS · see all listings. Indicative, not an appraisal.

The good, the trade-offs & the location

Pros
  • Lower flood risk (zone X)
  • Waterfront
  • 2-car garage
Consider
  • Built 2001 — pre-2002 construction may carry older wind codes and higher insurance
Location convenienceHigh
Hospital
5.1 mi
Physicians Regional (Naples)
Beach
6.8 mi
Vanderbilt Beach (Naples)
Airport
8.1 mi
Naples Airport
Shopping
5.9 mi
Mercato (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.