Twenty-two residences on the lagoon, with sunrise over the bay and the beach across the street.
Watermark is a gated four-story building of twenty-two residences at 9380 Gulf Shore Drive, completed in 1991, on Vanderbilt Lagoon with deeded private beach access across the road. Homes run two and three bedrooms with wide lagoon views, the pool and spa sit at the water’s edge, and there is a tennis and pickleball court on site.
Watermark at a Glance
| Address | 9380 Gulf Shore Drive, Naples, FL 34108 |
| Location | Vanderbilt Beach, North Naples — lagoon side of Gulf Shore Drive, beside Sausalito |
| Year Built | 1991 |
| Residences | 22 residences over 4 floors |
| Floor Plans | 2 and 3 bedrooms, approximately 1,482 to 1,800 sq ft; larger top-floor residences, one with a rooftop deck; available on request |
| Waterfront | Vanderbilt Lagoon frontage with Gulf views west; deeded private beach access across the street |
| Boating | None on site |
| Amenities | Gated entry, bayside pool and spa, tennis and pickleball court, grill area, community room, bike storage, beach chairs and umbrellas in ground-level storage |
| Parking | One assigned space in the under-building garage, plus storage |
| Pet Policy | Not permitted |
| Rental Policy | 30-day minimum; up to 4 leases per year |
| Annual Fees | About $15,500 in a current listing |
| Recent Sales | 2 sales, September 2024 to September 2026, at a median of about $933,000 |
Watermark - Active Listings
Request a Curated Selection of Watermark Residences
Twenty-two residences over four floors means the corner homes and the top-floor residences are the ones people wait for. Tell us the size and exposure you want, and we will let you know what is coming to market here and at the comparable bayfront buildings on Gulf Shore Drive. Complimentary and without obligation. Call (239) 438-1102.
Watermark Sales and Availability
Two Watermark residences closed through the MLS between September 2024 and September 2026, at a median of about $933,000, or $589 a square foot, the lowest price per square foot of the bay and lagoon buildings with two or more sales in the period. As of October 6, 2026, one residence was for sale: Residence 402, a fourth-floor two-bedroom of 1,482 square feet, at $1,255,000 after a $10,000 reduction, well above the recent sales on a square-foot basis. Annual fees in that listing are about $15,500. For comparison, Vanderbilt Bay sold seven residences at a median of $627 a square foot and Vanderbilt Landings two at $631. Floor, exposure and renovation decide the price within the building, and we review the association’s budget, reserve study and inspection reports with our buyers. The Vanderbilt Beach Market Report tracks the neighborhood each month.
Closed sales reported through the Naples Area Board of REALTORS® MLS, September 2024 to September 2026.
See every building in the Vanderbilt Beach condo buildings guide, or the full Vanderbilt Beach real estate guide.
Where Watermark Sits at Vanderbilt Beach
Watermark is No. 35 on the map below, between Sausalito (34) to the north and Vanderbilt Lagoon Villas (36) to the south. The Gulf-front buildings are numbered 1 to 19 south along Gulf Shore Drive, the four Bluebill Avenue buildings 20 to 23, and the bay and lagoon buildings 24 to 38. The Vanderbilt Beach condo buildings guide uses the same numbers.
The 38 Vanderbilt Beach condominium buildings, numbered north to south. Map by Alpizar & Company.
Watermark on the Map
Residences at Watermark
Plans run two and three bedrooms from roughly 1,482 to 1,800 square feet, with corner residences closer to the upper end and the top-floor residences larger again; one carries a private rooftop deck. The orientation is the appeal: living areas and primary suites face east over Vanderbilt Lagoon, so mornings begin with sunrise over the water and dolphins in the bay, while the Gulf and the sunset sit across the street. Glass-enclosed and screened lanais both appear in the building, and many residences have been renovated with impact glass, quartz counters and updated baths. In-residence laundry, an assigned garage space and storage are typical. Floor plans are available on request.
Built in 1991, Watermark falls under Florida’s condominium safety law: a milestone structural inspection at 30 years (25 where the local building official requires it) and every 10 years after, and a structural integrity reserve study every 10 years, the first of which was due by December 31, 2025. Watermark is past the 30-year mark, so ask the association for the latest inspection report, the reserve study and any planned special assessments before you make an offer. Resale buyers also have seven days after receiving the condominium documents to cancel the contract.
Beach Access, Amenities and Location
Deeded beach access reserved for Watermark owners sits directly across Gulf Shore Drive, and beach chairs and umbrellas live in the ground-level storage for owners to take across. On the lagoon side, the pool and spa sit at the water’s edge with grills alongside, and the tennis and pickleball court and community room round out the amenities behind a gated entry. Watermark has no docks; Sausalito, next door, is the nearest building where a deeded dock conveys with each residence, and Vanderbilt Beach condos with boat docks compares the rest. The Turtle Club is a short walk south with the Ritz-Carlton Beach Resort beyond it, LaPlaya Beach & Golf Resort is a short distance north, and Mercato and Waterside Shops are minutes east.
Vanderbilt Beach Communities
More About Vanderbilt Beach
Watermark Questions
Where is Watermark, and does it have beach access?
At 9380 Gulf Shore Drive in Vanderbilt Beach, North Naples, 34108, on Vanderbilt Lagoon beside Sausalito. Deeded private beach access for Watermark owners is directly across Gulf Shore Drive, with beach chairs and umbrellas kept in the ground-level storage.
Does Watermark have boat docks?
No. Watermark has no docks. Buyers who want a boat behind the building look at Sausalito next door, where a deeded dock conveys with each of the seven residences, or the other dock buildings on the bay and lagoon.
How large are the residences at Watermark?
Twenty-two residences over four floors, completed in 1991, in two- and three-bedroom plans of roughly 1,482 to 1,800 square feet, with larger top-floor residences, one of which has a private rooftop deck. Floor plans are available on request.
What do condos at Watermark sell for?
Two Watermark residences closed through the MLS between September 2024 and September 2026, at a median of about $933,000, or $589 a square foot. As of October 6, 2026, one was for sale: Residence 402, a fourth-floor two-bedroom of 1,482 square feet, at $1,255,000. Annual fees in that listing are about $15,500.
What are the rental and pet rules at Watermark?
Up to four leases per year with a 30-day minimum term. Pets are not permitted. Confirm current rules in the condominium documents before purchasing.
How does Florida’s condo safety law affect Watermark?
Buildings of three stories or more need a milestone structural inspection at 30 years (25 where the local building official requires it) and every 10 years after, plus a structural integrity reserve study every 10 years, the first due by December 31, 2025. Built in 1991, Watermark is past the 30-year mark, so ask for the latest inspection report, the reserve study and any planned special assessments before you buy. Resale buyers have seven days after receiving the condominium documents to cancel.
Building details, association policies and fees are subject to change and should be verified with the association and current condominium documents before relying on them.
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