Five towers on Wiggins Bay, with bay and Gulf views and a private marina beside the buildings.
Cove Towers is a gated community of five Caribbean-named towers on Wiggins Bay in North Naples, completed between 1999 and 2002 and rising to eighteen stories with just four residences to a floor. The upper floors look west across the bay and the mangrove preserve to the Gulf, the plans run larger than most towers in the corridor, and the Wiggins Bay marina beside the towers sells its slips separately, so an owner can add a boat without leaving the building.
Cove Towers at a Glance
| Location | Cove Tower Drive off Wiggins Pass Road, North Naples, FL 34110, on Wiggins Bay near Wiggins Pass |
| Towers | Five: Bequia (420), Caribe (425), Aruba (430), Montego (445) and Nevis (455) Cove Tower Drive |
| Built | 1999 to 2002; up to eighteen stories, about 272 residences, four to a floor below the penthouse levels |
| Residences | Two bedrooms plus den to three bedrooms plus den, about 1,620 to 2,760 sq ft, with larger top-floor and penthouse residences up to about 5,200 sq ft |
| Views | Wiggins Bay, the mangrove preserve and the Gulf beyond from the upper floors |
| Boating | Wiggins Bay marina beside the towers; wet slips owned and sold separately through their own association |
| Recent Sales | 22 from September 2024 to September 2026, $650,000 to $1,750,000 |
| Annual Fees | About $13,000 to $20,000 in Aruba, Bequia and Caribe; $24,000 to $27,000 in Montego and Nevis |
| Rentals | Seasonal leases common; association rules differ by tower |
Cove Towers - Active Listings
Request a Curated Selection of Cove Towers Residences
Five towers, four residences per floor and plans from 1,600 to more than 5,000 square feet mean two listings at the same price can be very different homes. Tell us the tower, the floor, the exposure and whether a slip matters, and we will assemble a private selection, including residences being quietly prepared for market. Call (239) 438-1102.
Cove Towers Sales, September 2024 to September 2026
Twenty-two Cove Towers residences closed in the two years to September 2026, for a combined $24.7 million, from $650,000 to $1,750,000, at a median of $1,100,000 and about $543 a square foot. They closed at a median 91% of their final asking price after a median 117 days on the market. The towers split into two groups: Aruba, Bequia and Caribe hold the smaller three-bedroom plans, and Montego and Nevis the larger three-bedroom-plus-den plans and the penthouses.
| Tower | Sold, Sep 2024 to Sep 2026 | Median $/Sq Ft |
|---|---|---|
| Aruba 430 Cove Tower Dr · 1,623–1,922 sq ft |
5 · $950K to $1.3M Median $1.07M |
$635 Fees about $14,000–$17,000 |
| Bequia 420 Cove Tower Dr · 1,621–1,922 sq ft |
5 · $650K to $1.42M Median $900K |
$555 Fees about $13,000–$17,000 |
| Caribe 425 Cove Tower Dr · 1,854–2,491 sq ft |
4 · $800K to $1.25M Median $1.08M |
$487 Fees about $13,000–$20,000 |
| Montego 445 Cove Tower Dr · 2,379–2,650 sq ft |
4 · $1.18M to $1.5M Median $1.43M |
$541 Fees about $24,000–$27,000 |
| Nevis 455 Cove Tower Dr · 2,556–2,760 sq ft |
4 · $725K to $1.75M Median $1.1M |
$430 Fees about $24,000–$26,000 |
The smaller plans in Aruba and Bequia command the highest price per square foot, and the most expensive sale of the two years was a seventeenth-floor Nevis residence at $1,750,000. Floor and outlook move price more than tower: Nevis 303, looking over the landscaped grounds, sold for $725,000, while a similar plan fourteen floors higher, Nevis 1703, brought $1,100,000.
The Five Towers
Aruba and Bequia hold the smaller plans, Caribe the middle and Montego and Nevis the largest. From the upper floors the view runs west across the mangrove preserve and Wiggins Bay to the Gulf.
Bequia · 420 Cove Tower Drive
Caribe · 425 Cove Tower Drive
Aruba · 430 Cove Tower Drive
Montego · 445 Cove Tower Drive
Nevis · 455 Cove Tower Drive
A Buyer’s Market in 2026
Prices have eased. The clearest evidence is the 1,623-square-foot three-bedroom plan shared by Aruba and Bequia, which sold four times in the two years and gave up more than 10% along the way.
| Residence | Sold | Per Sq Ft |
|---|---|---|
| Bequia 903 3BR · 1,623 sq ft |
$1,010,000 February 2025 |
$622 |
| Aruba 1203 3BR · 1,623 sq ft |
$1,030,000 August 2025 |
$635 |
| Aruba 803 3BR · 1,623 sq ft |
$950,000 October 2025 |
$585 |
| Bequia 1202 3BR · 1,623 sq ft |
$900,000 March 2026 |
$555 |
Across all five towers, the median sale fell from about $622 a square foot in the year to September 2025 to $472 in the year to September 2026, partly because more of the larger Montego and Nevis plans sold and partly a genuine decline. Supply is deep: on September 28, 2026, seventeen residences were offered, from $699,000 to $2,950,000, with one more pending, against eleven sales in the previous twelve months, which is well over a year of inventory. A 1,922-square-foot residence in Aruba is listed at $975,000 after the same 1,922-square-foot plan sold for $1,245,000 to $1,421,900 in early 2025. For buyers, that is room to negotiate; for sellers, pricing to the last sale in the same plan matters more than ever. See the Naples Waterfront Market Report for the wider picture.
The Wiggins Bay Marina
The marina beside the towers is listed in the MLS as Wiggins Bay. Its wet slips are privately owned, held under their own association and bought and sold separately from the residences, so a slip never conveys automatically with a Cove Towers home. Two slips sold in the two years to September 2026, for $270,000 in November 2025 and $175,000 in May 2026, and in September 2026 two more were offered at $240,000 and $450,000. From the slips, the run to the Gulf is through Wiggins Pass. The Tarpon Cove Yacht & Racquet Club next door is a separate private club and is not the Cove Towers marina.
Before an offer, confirm the slip’s length and beam, the depth at the berth at low tide and the association’s fees. Buyers comparing options should also see boat slips for sale in Naples.
The Wiggins Bay marina beside the towers, looking toward Wiggins Pass.
Four Residences to a Floor
Four residences per floor in towers of this height means private elevator lobbies rather than corridors, light on more than one exposure in most plans, and buildings that stay calm in season. It is a different experience from the eight- and ten-residence floors common in towers of the same era, and it is why residences here tend to be held for a long time. The largest plans, in Montego, Nevis and the penthouse levels, live more like houses than condominiums. Each tower has its own association and its own leasing and pet rules, so confirm them for the specific building before you buy.
Seasonal and Annual Rentals
Cove Towers rents well in season. A three-bedroom residence in Aruba leased for $7,800 a month in each of the last two winter seasons, and a two-bedroom-plus-den in Caribe for $9,400, with other seasonal asking rates from $6,800 to $10,000 a month and $4,000 to $6,000 off season. An annual lease in Bequia was written at $4,750 a month in July 2026. Owners who want the season covered can read about seasonal rental management or learn about Alpizar Property Management.
Where Else to Look on the Pass
Cove Towers sits in the Wiggins Pass corridor with several genuinely different alternatives. Pelican Isle puts its towers directly on the pass with yacht club access; Marina Bay Club is a smaller waterfront building nearby; The Anchorage at Vanderbilt is two low-rise buildings on Wiggins Bay with deeded slips on some residences; and Gulf Harbor is single-family canal homes with private docks for buyers who would rather own the dock outright. Cove Towers is the one that pairs tower height and Gulf sightlines with larger plans and a marina next door.
Wiggins Pass Communities
More About the Pass
Cove Towers Questions
What are the towers at Cove Towers?
Five towers with Caribbean names: Bequia at 420, Caribe at 425, Aruba at 430, Montego at 445 and Nevis at 455 Cove Tower Drive on Wiggins Bay. They were completed between 1999 and 2002, rise to as many as eighteen stories, and hold about 272 residences between them with four to a floor.
Does Cove Towers have a marina?
Yes. The Wiggins Bay marina beside the towers has wet slips that are privately owned under their own association and sold separately from the residences. Two slips sold between September 2024 and September 2026, for $270,000 and $175,000. A slip never conveys automatically with a residence. The neighboring Tarpon Cove Yacht & Racquet Club is a separate club.
What do condos at Cove Towers sell for?
Twenty-two residences sold between September 2024 and September 2026, from $650,000 to $1,750,000, at a median of $1,100,000 and about $543 a square foot. Montego had the highest median, about $1.43 million, and the smaller Aruba and Bequia plans the highest price per square foot.
Is it a buyer’s market at Cove Towers?
Yes, in 2026. Seventeen residences were offered on September 28, 2026, against eleven sales in the previous twelve months, and the 1,623-square-foot plan that sold for about $1,010,000 to $1,030,000 in 2025 sold for $900,000 in March 2026. Residences priced to the last sale in the same plan are the ones that sell.
How large are Cove Towers residences?
About 1,620 to 2,760 square feet in the standard plans, from two bedrooms plus den to three bedrooms plus den. Aruba and Bequia hold the smaller plans, Caribe the middle, and Montego and Nevis the largest, with top-floor and penthouse residences up to about 5,200 square feet.
What are the association fees at Cove Towers?
Total annual recurring fees in recent listings ran about $13,000 to $20,000 in Aruba, Bequia and Caribe and about $24,000 to $27,000 in Montego and Nevis, with the largest penthouse higher. Slip owners pay the marina association separately.
Can you rent out a Cove Towers residence?
Yes, within each tower’s association rules. Seasonal leases are common: a three-bedroom residence has leased for $7,800 a month in season and a two-bedroom-plus-den for $9,400, and an annual lease was written at $4,750 a month in 2026. Confirm the minimum lease term and number of leases allowed for the specific tower.
Sales, slip and rental figures are compiled from Naples Area Board of REALTORS® MLS data, closed September 1, 2024 through September 28, 2026; rental figures include asking rates. Fees are total annual recurring fees shown in listings. Building details, association rules, marina terms and slip availability change over time; confirm current details and the governing documents for the specific residence before purchasing.
Meet the Team
Connect with Real Estate Advisors... not Salespeople.
Alpizar & Company is a family-owned independent brokerage specializing in luxury waterfront real estate across Naples' most sought-after neighborhoods. Led by Robert Alpizar (CLHMS, GRI, SRS, PSA) and Marlene Alpizar, our team operates as advisors — not salespeople — guiding buyers and sellers with firsthand local expertise and no corporate quotas.
We offer complimentary, pressure-free consultations without any commitment.
How can we Help?
Over 250 closed transactions. $100 million in Naples luxury waterfront sales. Read what our buyers and sellers say about working with an advisor-driven independent brokerage — and why they come back.
What's it like working with Alpizar & Company?