Condo Report

Vintage Bay – Tranquil, Gated & Spacious

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Vintage Bay is a tranquil, secluded gated community located off San Marco Road with only 132 condos. It is nestled on about 20 acres of lush plantings and mature tropical trees along the edge of Barfield Bay. The four identical buildings A, B, C and D were built between 1997 and 2006. Each ... Read More »

Condos in Olde Marco Historic Village

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Drive north on Bald Eagle towards the Snook Inn or Bistro Soleil restaurants and you will enter Olde Marco Historic Village. As the roadside welcoming sign says, this area of Marco Island was established in 1870. Last week 22 condos were listed for sale in Olde Marco. Ville de Marco East, a water ... Read More »

Two Bedroom Condos Dominate the Market

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com The number of condo sales is up 11% this January over last January. Last week 404 condos were for sale on the island. Two bedroom condos remain the most popular segment of the condo market. Half of these are two bedroom condos. The lowest priced two bedroom condo on the market last week ... Read More »

Condos Built After 2000 Superlative Living on Marco Island!

CONDO  REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Last week 56 condos built between 2000 and 2008 were for sale. Altogether 397 condos were for sale on Marco Island last week. Prices for these recently built condos ranged from $210,000 for a two-bedroom, two-bathroom 985 square foot condo built in 2001 that can be rented daily at the Olde Marco ... Read More »

1990s Condos – More Luxury & Space

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Last week 80 of the 382 condos listed for sale on Marco Island were built in the 1990s. This decade saw a big increase in condo square footage and luxury. The vibrant community at Hideaway Beach grew dramatically during this time with the construction of the Villas, 2000, 3000 and 6000 buildings along ... Read More »

1960s Condos Add Variety to Market

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Of the 397 condos on the market a week ago just 12 of them were condos built in the late 1960s. They range in price from $129,000 for an inland, two-bedroom one-bathroom condo at Marco Manor, to $429,000 for a two-bedroom two-bathroom condo at Sunset House on the beach. Most of these condos ... Read More »

1980s Condos

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Of the 392 condos for sale last week, 162 of them, or 41%, were built in the 1980s. Not surprising when you consider that the 1980s saw the biggest number of condo building completions of any decade during Marco Island’s development. For comparison, of the condos for sale, 11 condos were built in ... Read More »

CONDO REPORT: Studio Condos

Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Of the 389 condos for sale on Marco Island last week only 11 of them were studio condos. Studios, sometimes known as efficiencies, have one bathroom, a small kitchen and no separate bedroom. Murphy beds, wall beds and sleep sofas are part of studio living. Studios were popular options in the early history of ... Read More »

One and Two Bedroom Condos

CONDO REPORT Gary & Sandy Elliott Of the 371 condos for sale last week, 236 or 64% of them were one or two bedroom condos. These are the most popular condos for sale on Marco. According to the Marco Island MLS there are 48 one bedroom condos for sale and 188 two bedroom condos for sale. The one bedroom condos range ... Read More »

Small, Medium, Large and Jumbo Condos

CONDO REPORT Gary & Sandy Elliott Last week 364 condos were for sale on Marco Island. The lowest priced condo on the market is an inland efficiency at Southwinds, listed for $110,500. The highest priced condo is listed at $9.9 million for 13,528 square feet of luxury at Cape Marco. One way to look at the market is the size of ... Read More »

How’s the Condo Market?

CONDO REPORT Gary Elliott & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com How’s the condo market? That answer depends on a number of factors. For instance, are you a seller or a buyer, where is the condo located on the island and what price range are you considering? According to the Collier County Property Assessor’s Office, Marco Island has 6,928 houses, 1,811 lots and ... Read More »

What Does $500K Buy on Marco?

CONDO  REPORT Gary Elliott & Sandy Elliott Marco Island condo list prices last week ranged from $118,000 for a Seabreeze West studio to $9.9 million for a grand penthouse at the Belize. The median list price of the 346 condos for sale last week on Marco Island was just under $500,000. What does $500,000 buy? That depends on what you ... Read More »

One Bedroom Beachfront Condos

CONDO REPORT Gary Elliott & Sandy Elliott Recently 13 one-bedroom beachfront condos were for sale, ranging in price from $289,000 to $489,900, at five condo buildings. These condos are located at the north and south ends of the beach in Sunset House North, Emerald Beach, Tradewinds, Admiralty House and Apollo. They range in size from 504 to 750 square feet. ... Read More »

Marco Island’s Top Five Luxury Condo Listings

CONDO REPORT Gary Elliott & Sandy Elliott Last week the top five luxury condo listings on Marco Island by price were all located at the Belize in Cape Marco. Belize is a remarkable 25-story building built in 2004 with fantastic amenities. These first class amenities include a grand lobby, library, social room, billiard room, theater, fitness area, infinity pool, and tennis ... Read More »

Condo Mortgages

CONDO REPORT Gary Elliott & Sandy Elliott One third of condo buyers on Marco Island use mortgage financing to buy their condo. The rest pay for their condo using a bank wire transfer from existing funds. A mortgage provides personal benefits such as a mortgage interest tax deduction, leveraging your money, and historically low interest rates available in today’s market. However, ... Read More »

Marco Island Condo Inventory

CONDO REPORT Gary Elliott & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com The number of condos listed for sale on Marco Island varies by day, by month, by time of year and by year. Last week 330 condos were listed for sale on Marco Island. Last year at this time 249 condos were listed for sale. That is a 33% increase in condo listings ... Read More »

Finding a Marco Island Condo

CONDO REPORT Gary Elliott & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Starting your search for a Marco Island condo? Here’s a brief overview. Generally about 3% of Marco Island’s 10,500 condos are on the market at any given time. For instance, last week 337 condos were for sale. Marco Island’s condos can be found along the beach, adjacent to water, inland and along ... Read More »

Weekly Rental Condos

CONDO  REPORT Gary Elliott & Sandy Elliott  Weekly rental condos on the island are popular with investors. Last week 72 weekly rental condos were listed for sale. They range in price from $134,900 for a two bedroom one bathroom inland condo to $1.3 million for a three bedroom, three bathroom condo on the beach. Although most weekly rentals can be ... Read More »

Marco Island’s Luxury Condos

CONDO  REPORT Gary Elliott & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Last week 357 condos were listed for sale on Marco Island. Fifty-seven of these condos are listed for more than $1 million and 16 are listed for over $2 million. The units listed for over $2 million are all on the beach. They are concentrated at Cape Marco in buildings aptly ... Read More »

Seasonal Condo Sales and Active Listings

CONDO  REPORT Gary Elliott & Sandy Elliott Of the 164 condos sold on Marco Island during January, February, March and April 2016, 100 of them were two bedroom units. Two bedroom condos made up 61% of the condo market this season compared to 57% last season. Three bedroom condos represented 20% of condo sales this season, and one bedroom condos ... Read More »