$500,000
3 Bed 2 Bath Waterfront SingleFamilyResidence for Sale in ISLAND WALK, FL
5405 Freeport Lane, Naples, FL, 34119
About this home
Located in the highly desirable Island Walk community of Naples, this single-family home offers a rare opportunity for buyers seeking value, location, and the ability to renovate to their own taste. The home is situated on a peaceful interior lot with lake views, mature landscaping, and a spacious paved outdoor patio overlooking the water. Inside, the layout features an open living and dining area, vaulted ceilings, and a split bedroom floor plan. The kitchen opens to the main living space with a breakfast bar and ample cabinetry. The primary suite offers generous space and a private bath, while additional bedrooms provide flexibility for guests, office, or hobby space. The home includes a two-car garage and interior laundry. All systems, finishes, and fixtures are original, and the property is being sold AS IS. This home requires updating and renovation, making it ideal for buyers, investors, or end users looking to customize and add value in a well-established community. Island Walk is known for its resort-style amenities, including a staffed gatehouse, clubhouse, pools, fitness center, tennis, bocce, miles of walking paths, and scenic bridges over lakes and waterways. Conveniently located close to shopping, dining, healthcare, and Naples beaches. This is a solid opportunity for buyers who understand potential and want to renovate in one of North Naples’ most popular communities.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1999
- Interior
- 1,983 sqft
- Lot size
- 10,890 sqft
- Acreage
- 0.25 acres
- Garage
- 2 car
- Days on market
- 80
- Total association fees
- $6,822/yr (~$569/mo)
- CDD
- None
- Est. taxes (1.4%)
- $7,000/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Shutters
- Exposure
- North
- 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
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
Based on the $/sqft of 4 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.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 6096 Towncenter Circle | Feb 2026 | $520,000 | 3/2 | 1,806 | $288 |
| 5902 Bermuda Lane | Mar 2026 | $575,000 | 3/2 | 1,983 | $290 |
| 6284 Towncenter Circle | Jul 2026 | $436,000 | 3/2 | 1,786 | $244 |
| 6230 Towncenter Circle | Aug 2025 | $515,000 | 3/2 | 1,786 | $288 |
| Average | 4 comps | $511,500 | $278 |
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 $110,000 (19.1%) from the original list price.
| May 5, 2026 | Sold | $465,000 |
| Apr 20, 2026 | Price reducedfrom $550,000 | $500,000 |
| Feb 2, 2026 | Listed | $575,000 |
The good, the trade-offs & the location
- Waterfront
- Storm protection: Shutters
- 2-car garage
- Built 1999 — pre-2002 construction may carry older wind codes and higher insurance
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.