3 Bed Waterfront Home for Sale in Naples, FL, $289,000
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SoldMLS# 226007630

$289,000

3 Bed Waterfront Home for Sale in Naples, FL, $289,000

198 Pebble Shores Drive 1-201, Naples, FL, 34110

3 beds2 baths1,225 sqft
GatedClubhouseCommunity PoolWaterfront

About this home

This 3-bedroom former model condo is only 1 of a few 3-bedroom units available in all of Palm River and 1 of only 2 that come Turnkey furnished! This is your opportunity to purchase a rear bird. The unit has an awesome long lake view with an island that Heron nest on and pool view. You have open parking in front of the unit and a carport right next door. This 2nd floor unit has voluted ceilings, beautiful lake views from the master bedroom that you wake up looking at.

Property details

Type
Condominium
Year built
1993
Interior
1,225 sqft
Lot size
Not specified
Acreage
Not specified
Garage
None
Days on market
32
Total association fees
$6,148/yr (~$512/mo)
CDD
None
Est. taxes (1.4%)
$4,046/yr
Flood zone (area est.)
Not available
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
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

AssociationManagementCableTvInsuranceInternetIrrigationWaterMaintenanceGroundsPestControlRecreationFacilitiesReserveFundRoadMaintenanceSewerStreetLightsTrashWater

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

Amenities

ClubhousePoolVehicleWashAreaManagement
At marketThis home is priced in line with comparable recent sales.
This home
$236/sqft
Comp median
$230/sqft
Difference
+3%

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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
192 Pebble Shores Drive 104Aug 2025$254,0002/21,132$224
177 Grand Oaks Way 101Apr 2026$268,0002/21,198$224
3340 Erick Lake Drive 2004Mar 2026$320,0002/21,170$274
3344 Erick Lake Drive 2002Jul 2026$275,0002/21,170$235
Average4 comps$279,250$239

Market trends — Naples

Median list
$679,000
Median $/sqft
$371
Median sold (90d)
$620,000
Avg days on market
109
Active listings
4,165
Median sold price · Naples
$620,000last 3 months1.7% vs $631,000 prior 3 months
Median closed price by month · Naples
0.3% MoM10% YoY
$530k$599k$668kJul ’25Jul ’26
$627,000Jul ’26 · 509 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 $50,000 (15.4%) from the original list price.

Apr 24, 2026Sold$274,900
Mar 24, 2026Price reducedfrom $324,900$289,000
Feb 21, 2026Listed$324,900

The good, the trade-offs & the location

Pros
  • Waterfront
Consider
  • Built 1993 — pre-2002 construction may carry older wind codes and higher insurance
  • No garage listed
Location convenienceHigh
Hospital
7.4 mi
Physicians Regional (Naples)
Beach
3.1 mi
Vanderbilt Beach (Naples)
Airport
8.6 mi
Naples Airport
Shopping
2.3 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.