3 Bed Waterfront Home for Sale in Naples
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For SaleMLS# 2026036292

$385,000

3 Bed Waterfront Home for Sale in Naples

242 Newport Drive 509, Naples, FL, 34114

3 beds2 baths1,257 sqft1 garage
BoatingCommunity PoolWaterfront

About this home

Seller is offering a $3,000 credit to the buyer at closing toward stainless steel kitchen appliance upgrades! Welcome to this boater’s paradise in Sunset Cay Villas II at Port of the Islands. This top-floor residence features 3 bedrooms, 2 full bathrooms, direct bridge-free Gulf access, and a deeded boat dock right outside your door. Inside, soaring vaulted ceilings and tile flooring complement a bright open-concept layout that flows directly out to an expansive screened lanai. Savor wide 200-foot canal views, vibrant western sunsets, and frequent sightings of dolphins and manatees right from your private outdoor space. Key updates and structural features include impact-resistant windows, updated kitchen and bathroom finishes, a spacious primary walk-in closet, and a private detached one-car garage. Positioned adjacent to the Ten Thousand Islands National Wildlife Refuge, residents enjoy access to a community pool, boat ramp, and world-class fishing and kayaking.

Property details

Type
Condominium
Year built
1997
Interior
1,257 sqft
Lot size
Not specified
Acreage
Not specified
Garage
1 car
Days on market
0
Total association fees
$7,364/yr (~$614/mo)
CDD
None
Est. taxes (1.4%)
$5,390/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
Impact Windows/Doors, Shutters
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

AssociationManagementCableTvInternetIrrigationWaterMaintenanceGroundsPestControlReserveFundTrash

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

Amenities

BoatDockBoatRampCabanaPoolManagement

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
$306/sqft
Comp median
$298/sqft
Difference
+3%

Based on the $/sqft of 7 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
242 Newport Drive 504May 2026$365,0003/21,257$290
206 Newport Drive 803Apr 2026$379,9002/21,257$302
148 Eveningstar CayMar 2026$435,0002/21,359$320
317 Sunrise Cay 1-102Nov 2025$370,0002/21,396$265
162 Newport Drive 1204Feb 2026$340,0003/21,257$270
297 Stella Maris DriveAug 2026$432,5002/21,360$318
Average6 comps$387,067$294

Market trends, Sunset Cay Villas

Median list
$409,990
Median $/sqft
$239
Median sold (90d)
$357,500
Avg days on market
100
Active listings
33
Median sold price · Sunset Cay Villas
$360,000last 3 months0% vs $360,000 prior 3 months
Median closed price by month · Sunset Cay Villas
16.3% MoM5.1% YoY
$325k$368k$410kJul ’25Aug ’26
$410,000Aug ’26 · 4 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
  • Storm protection: Impact Windows/Doors, Shutters
Consider
  • Built 1997 — pre-2002 construction may carry older wind codes and higher insurance
Location convenienceLow
Hospital
20.4 mi
Physicians Regional (Naples)
Beach
22.2 mi
Naples Pier / Beach
Airport
21.4 mi
Naples Airport
Shopping
22.5 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.