Marquesa at Bay Colony
The first off-beach high-rise in Bay Colony (1994): a 15-floor, 39-residence tower with three residences per floor at the edge of a native bird rookery.
This overview summarizes verified facts and, where validated, market indicators for Marquesa. The building analysis is summarized below.
| Type | Bay-side high-rise |
|---|---|
| Address | 8990 Bay Colony Drive, Naples, FL 34108 |
| Year built | 1994 |
| Residences | 39 |
| Floors | 15 |
| Typical living area | 2,005–2,610 sq ft typical; penthouses ~3,693 sq ft |
Facts compiled from public records, association materials and listing data. Verify in the association documents before relying on any figure.
Market indicators
Data through October 1, 2026 · closed sales only · Methodology
66 closed sales since 1996. Over the trailing 24 months: median $1,147/SF on 5 sales. Closings averaged about 94% of final list and 87% of original list price. Median 134 cumulative days on market. 6 listings ended without a sale in the past 36 months, against 5 closings. Measured floor premium of about $23/SF per floor (~3.7%). Long-run $/SF trend of roughly 3.8% per year since 1996.
Data through October 1, 2026. Trailing windows end on the data date and use closed sales only. Typical residences: living area <= 1.5x building median. Months of supply = active listings / (prior-12-month sales / 12). Days on market is the median cumulative days on market (CDOM), which carries across relistings. Floor premium from OLS regression of $/SF on sale date, floor and living area, published only when positive and statistically distinguishable. Annual medians in years with one or two sales are noisy.
Marquesa: median price per square foot by year
Marquesa, annual median closed-sale $/SF, 1996–2025 (66 closed sales analyzed; years with one or two sales are noisy; years with no sales are skipped). Dashed line: log-linear trend, ≈3.8%/yr. Data through October 1, 2026. Not an appraisal.
Show the data behind this chart
| Year | Median $/SF | Sales |
|---|---|---|
| 1996 | $302 | 1 |
| 1997 | $312 | 1 |
| 1998 | $328 | 1 |
| 1999 | $274 | 2 |
| 2001 | $324 | 1 |
| 2002 | $393 | 3 |
| 2003 | $424 | 1 |
| 2004 | $488 | 4 |
| 2005 | $473 | 9 |
| 2007 | $673 | 3 |
| 2008 | $590 | 1 |
| 2009 | $524 | 1 |
| 2010 | $440 | 1 |
| 2011 | $439 | 2 |
| 2012 | $527 | 3 |
| 2013 | $549 | 5 |
| 2014 | $607 | 2 |
| 2015 | $673 | 3 |
| 2016 | $716 | 2 |
| 2017 | $761 | 1 |
| 2018 | $723 | 5 |
| 2020 | $651 | 5 |
| 2021 | $789 | 4 |
| 2025 | $1,147 | 5 |
What buyers and owners should know about Marquesa
- Small and quiet: the first off-beach high-rise in Bay Colony (1994), with three residences per floor across 15 floors — 39 in total, so sales are infrequent.
- Entry point: plans of about 2,005–2,610 sq ft are the smallest in Bay Colony, which typically makes Marquesa the lowest total-price entry into a Bay Colony tower — confirm against validated sales.
- Floor height matters here: across 65 sales, each additional floor is associated with about $23/SF (~3.7%) after controlling for sale date and size — the clearest floor effect among the buildings analyzed so far.
- Many listings do not sell: six listings ended without a sale in the 36 months to October 2026, against five closings. Price from closings, not from the asking prices that expired.
- Preserve outlook: it sits at the edge of a native bird rookery; confirm the preserve’s protected status in the association documents.
Derived from the sourced facts above and validated sales data. Verify in the association documents before relying on any item.
Galen Gonzalez, REALTOR®
Galen Gonzalez provides data-driven buyer and seller representation across Bay Colony, Pelican Bay, and Naples beachfront condominiums. His research combines building-level sales history, current market conditions, and residence-specific positioning.
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