The Realty Review
By Cathy Rogers – Premier Sotheby’s International Realty
Written on 4/20/17
Are you ready to call Marco Island home?
Real estate on Marco Island is a great investment and doing very well. Buyers and sellers are both enjoying a very good season on Marco Island. Our real estate market for the first quarter of 2017 was UP in every aspect. The average sale price was UP 7.01% from last’s year’s first quarter. Single-family home sales were UP 28.77% from 2016 first quarter. Condo sales were UP 23.89% from last year’s first quarter and lot sales were UP 57.14% too.
A lot of people look during the season and come back to buy during the summer. Whether you are buying or selling, now is a good time to do either on this beautiful island! If you’re like most people who visit, you’ll start dreaming of becoming a resident of this idyllic island. Wherever you choose to live on this beautiful paradise, you will be pleased to know that you are never far from shopping, dining, beaches and entertainment!
Marco Island is the largest and only developed island in Florida’s Ten Thousand Islands, and its pristine waters, beautiful coastlines and spectacular community feel attract people from all over the world! Packed with great amenities and things to do, this 4 mile by 6 mile Island, developed in the 1960s, has something for everyone. The beautiful white sand beaches, great water sports, and over 90 restaurants and bars has recently been rated the #1 Island in the United States by Trip Advisor and #4 in the world! Our resort Island has definitely been “discovered” as the JW Marriott completes its renovation later this year to become one of the best 5 star hotels in the world! People come from all over to enjoy our fishing in the Ten Thousand Islands! If you have never taken an eco boat or kayak tour of the Ten Thousand Islands, you really need to. It is beautiful, educational and you can see dolphins, may some manatees and all types of wildlife!
Off-season, our island has around 17,000 full time residents; in season it swells to around 40,000+. Season was packed full of fun events if you could tear yourself away from the beach for long enough! From the Seafood Festival to our door art shows, movies in the park, our popular farmers’ market, and Mutts and Martini’s at CJ’s. Although our summer is undoubtedly quieter, there is still plenty to do. Many great exhibits at the Center for the Arts, daily yoga at south beach, our world class Historical Museum, fabulous July 4th beach party, monthly beach clean ups, and of course the ever popular outdoor music at the Esplanade every Thursday. The Marco Review app has all of the dates and times as well as a list in the print magazine!
Shopping abounds on Marco with mostly quaint mom and pop stores with plenty of retail options! Marco Island is a very safe and community oriented island. We have our own Police Department and Sheriff’s Department with our crime rate virtually zero. Our schools are all “A” rated with lots of parent participation.
If you are like most people who have visited Marco Island, you never want to leave, and the good news is that you don’t have to! There are many different types of properties for sale, and it’s just a matter of finding the one that matches your style, personality, and budget. To fin that property, you must get a little more specific in your lifestyle and your wants and needs. “How many square feet do I want?” “What are my ‘must haves?’” “Do I want a home or condo?” “Do I want a water direct (no bridges_ home or condo, so I can have a large vessel or sailboat?” What’s your Style? Contemporary or traditional? Prefer to live on a golf course or beach? As long as you know what you want, we can zero in on it.
Let’s take a look at the different areas…
Marco Island is split up into many different areas with a variety of spectacular homes. From cozy condos with unbelievable views of the Gulf of Mexico, Ten Thousand Islands and more, to sprawling estate homes that you have to see to believe. Luxury waterfront homes and luxury waterfront condos are all around; more than 80 perfect of the island is on water.
Hideaway Beach – is a gated community located on the northern most tip of the island. This is a private community and the only place where you can have a house right on the beach. They have condos on the golf course, condos on the water, homes on the beach, homes on the golf course and inland homes. The homes on the beach currently start at $5.4M and go up to $9.4M. There is currently one lot on the beach in Hideaway for sale for $4.5M. There are inland homes on the market, ranging from $669K to $4.9M depending on the location.
Cape Marco – is located in the southwestern tip of Marco Island, and has six separate high-rise towers featuring gorgeous, well-appointed condos ranging in size from 1.300 SF to penthouses that measure over 13,000 SF. Cap Marco is comprised of The Merida, Tampico, Monterrey, Cozumel, Belize and Vera Cruz. Each building has its own amenities. Most have their own fitness rooms, theaters, and gathering rooms and some also have boardrooms and guest suites available. Prices range, depending on view and size, from $749K – $6.25M.
The Estates Area – is located in the south end of the island, comprising of very large “estate Homes”, with large oversized lots, on water direct and close to the Ten Thousand Islands. Some inland homes as well. A lot of “Mega Homes” are located here, due to the size of the lots and beautiful views. Very private and peaceful area. Inland homes range from $887K to $1.6M. Water direct homes range from $1.3M to $9.4M.
Old Marco – is at the northeast corner of the Island and was one of the first developed areas on Marco, as a quaint old fishing village. It now features spectacular condominium complexes and water direct homes. These homes and condos vary in prices depending upon location and size. There are some inland homes and condos as well as water direct homes and condos. Water direct condos range from $189K – $589K, and water direct homes from $610K to $2.279M. Inland condos start around $629k up to $795K.
The River Area – is located in the northeast and this beautiful area is generally serene and peaceful. Because it is just a short distance to Naples by boat, it’s the perfect place to be if you are ready to set sail! Water direct homes in the area start from $740K to $3.8M.
The South End – is the southwest tip of Marco Island, it is one of the most desirable spots as it is within walking distance to shops and restaurants. Condos and homes are either inland or water direct. Inland condos start at #249K – $730K, water direct condos (most with boat slips) start at $265K – $1.299M. There currently are ni inland homes on the market in the south end. Water direct homes start at $899K – $2.495M.
The Tigertail Area – near the northern end of Marco Island, Tigertail Beach is a 31-acre stretch of land so people love to live close by. The beach offers water sports and has a lot of natural resources. The homes in this area are within walking/biking distance to the beach. It is comprised of water direct homes (no bridges) starting at $900K – $2.175M and water indirect homes (bridges) starting at $829K – $3.5M and inland homes range from $399K – $899K.
Condos – Beachfront condos with 1 to 4 bedrooms range in price from $279K to $5.95M, and Gulf front condos with 2 to 4 bedrooms range from $479K to $1.85M.
As you can see, there are many different condos and homes to choose from on Macro, and I hope this helps clarify some of the area/types of condos and homes available on our beautiful island. As always, you can contact me or one of my colleagues to help with your search!
The Marco Review would like to thank Cathy Rogers for writing our Realty Review this issue and to congratulate her on selling the highest priced home on Marco in 9 years in January 2015, 1549 Heights Court and selling the highest priced home on Marco Island in 2016, 820 S. Barfield. Cathy can be reached at 239.821.7926.