Condo Report

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]

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, […]

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 […]

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 […]

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 […]