3 Bed Waterfront Home for Sale in Naples
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For SaleMLS# 226026751

$319,000

3 Bed Waterfront Home for Sale in Naples

8294 Key Royal Circle 1631, Naples, FL, 34119

3 beds2 baths1,330 sqft
GatedFitness CenterClubhouseDog ParkCommunity PoolWaterfront

About this home

One of the very few genuine three-bedroom residences available in Key Royal — and a top-floor END UNIT at that. While most of this community are two-bedroom floor plans, this rarely offered "Blue Heron" layout delivers a true third bedroom, a split-bedroom design, and 1,330 sq ft of light-filled living just east of I-75 off Immokalee Road in the heart of North Naples. As an end unit on the third floor, it enjoys added privacy, only one shared wall, and no neighbors above — and a vaulted living room ceiling. Set on a tranquil lake with a lighted fountain, the home's northwest exposure bathes the interior in beautiful evening light and sunset reflections viewed from a screened lanai — one of the finest water views in the community. Tile flooring runs throughout, with a great room, breakfast bar, formal dining, and a kitchen appointed with white cabinetry, granite counters, and a full appliance suite. The private owners' suite is set well apart from the guest bedrooms, featuring dual closets, and en-suite bath with a jetted tub. Two additional bedrooms and a second full bath with a custom walk-in shower deliver the flexibility a two-bedroom simply can't — a dedicated guest suite, a home office, a den, or a hobby room. A full-size in-residence laundry with washer and dryer completes the home, and furnishings are negotiable. A designated carport parking location sits ideally in front of the unit. Key Royal is a gated, patrolled community of 270 residences wrapped around two lakes with lighted fountains. Its clubhouse anchors resort-style living: 24-hour fitness center, billiards, game and card rooms, business/computer center, and library, plus a heated pool and spa, poolside tiki-hut bar, BBQ and picnic areas, bike-and-jog paths, dog park, and vehicle wash area. On-site management, trash valet, underground utilities, and lush landscaping keep it effortless. The quarterly fee includes cable, high-speed internet/WiFi, water and sewer, exterior pest control, grounds maintenance, reserves, and security — with public water and sewer and no CDD. The location is unbeatable: zoned for well-regarded Laurel Oak Elementary, Oakridge Middle, and Gulf Coast High, and minutes from Founders Square, the Shoppes at Pebblebrooke, Logan's Landing, Publix, Aldi, and NCH healthcare. Quick I-75 access puts RSW airport, downtown Naples, and the Gulf beaches (about 8 miles) all within easy reach. Space, privacy, and a premium top-floor lake view rarely come together like this in Key Royal — schedule your private showing today.

Property details

Type
Condominium
Year built
2003
Interior
1,330 sqft
Lot size
Not specified
Acreage
Not specified
Garage
None
Days on market
46
Total association fees
$5,592/yr (~$466/mo)
CDD
None
Est. taxes (1.4%)
$4,466/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
None listed
Exposure
Northwest
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

AssociationManagementCableTvLegalAccountingMaintenanceGroundsPestControlRecreationFacilitiesReserveFundRoadMaintenanceStreetLightsSecurityTrash

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

Amenities

BilliardRoomBilliardsBikeStorageBusinessCenterClubhouseDogParkFitnessCenterHobbyRoomLibraryBarbecuePicnicAreaPoolSpaHotTubSidewalksTrailsVehicleWashAreaManagement

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
$240/sqft
Comp median
$228/sqft
Difference
+5%

Based on the $/sqft of 6 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.

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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
7965 Preserve Circle 732Feb 2026$310,0003/21,500$207
1903 Morning Sun Lane F21Jul 2026$295,0002/21,307$226
1787 Morning Sun Lane F3Jul 2026$305,0002/21,307$233
9077 Gervais Circle 902Dec 2025$275,0003/21,200$229
9076 Gervais Circle 407Oct 2025$287,0002/21,415$203
9076 Gervais Circle 410Jul 2026$303,0003/21,200$253
Average6 comps$295,833$225

Market trends, Key Royal Condominiums

Median list
$249,000
Median $/sqft
$239
Avg days on market
31
Active listings
8
Median sold price · Key Royal Condominiums
$230,000last 6 monthsnot enough sold data to compare

Live community medians from the MLS · see all listings. Indicative, not an appraisal.

The good, the trade-offs & the location

Pros
  • Built 2003 — post-2002 Florida wind codes (typically lower insurance)
  • Lower flood risk (zone X)
  • Waterfront
Consider
  • No garage listed
Location convenienceHigh
Hospital
6.4 mi
Physicians Regional (Naples)
Beach
7.6 mi
Vanderbilt Beach (Naples)
Airport
9.5 mi
Naples Airport
Shopping
6.7 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.