Condo Report

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 »

Boaters and Condos

CONDO REPORT Gary Elliott & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Of the 356 condos for sale on the island last week, 126 of them (35%) referenced a boat dock in the listing. These condos feature either assigned or leased boat docks, or are adjacent to marinas with boat docks for lease or for sale. Twenty-nine of these listed condos with a dock have ... Read More »

Shipp’s Landing – Serene Seaside Paradise

CONDO  REPORT Gary Elliott & Sandy Elliott www.marcoislandcondoguy.net Shipp’s Landing is ideally located on a quiet, southern tip of the island adjacent to Caxambas Pass with incredible views of the Ten Thousand Islands and the Gulf of Mexico. This 206-unit condo complex on 14.6-acres of mature, manicured green space features a “village” of two to four story condos, a seven-story ... Read More »

Condos List and Sell Year Round on Marco Island

CONDO  REPORT Gary Elliott & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Over the last four years 560 condos, on average, change owners every year on Marco Island. The biggest month for closings is April when an average 76 condos sell, followed by May when 63 condos sell. The slowest month on average is November when 32 condos sell or 42% of the ... Read More »

Marco Island’s Unique Selection of Condos

CONDO REPORT Gary Elliott & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Marco Island has a remarkable variety of condos for sale. Today 375 condos are listed for sale ranging in price from $89,900 for a studio apartment at Coquina Gardens to $7,245,000 for a five bedroom Belize penthouse. All of them have a unique price, island location, number of bedrooms, living space, floor ... Read More »

South Seas Club – Unique, Desirable and so Marco Island!

CONDO REPORT Gary Elliott & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com South Seas Club offers everything people are looking for on Marco Island including prime location, desirability, popular two bedroom, two bathroom condos, gated entrance and acres of green space with rambling walkways and benches. This extensive park-like setting features native to Florida plantings. The complex is rich in amenities including boat ... Read More »

The Esplanade – a unique, upscale lifestyle

CONDO  REPORT Gary Elliott & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com The elegant Esplanade on Collier Boulevard, built in 2004, is one of the newest condos on Marco Island. The developer successfully created an Italian coastal village theme, complete with marina, waterfront promenade, and outdoor plaza with fountains and palm trees. The prestigious complex houses 71 residential condos, retail shops and offices. ... Read More »

Condo Fees

CONDO REPORT Gary Elliott & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com This week 380 condos are for sale on the island, ranging in price from $89,900 for an efficiency unit at Coquina Gardens to a Belize penthouse listed for $7,245,000. Just as condo prices vary greatly, so do condo fees. The Coquina Gardens efficiency condo fees are $2,136 per year, and the penthouse ... Read More »

Marco Island Condos Under $250K

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Marco Island condos come in all sizes, locations and prices. For instance, this week there are 366 condos for sale, listed from $88,900 for a one-bedroom, one-bathroom inland condo at Marco Villa, to a five-bedroom, five-bathroom condo in Belize, listed for $7,245,000. Condos listed under $250,000 are popular on the island, are low ... Read More »

Pending Condo Sales on Marco Island

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Last week 56 condos were listed as pending on Marco Island, down about 30% from the same period last year. These are condos with a signed contract between buyer and seller but have not yet closed. Closings follow about a month or two after a contract is signed. This drop in pending ... Read More »

Two-Bedroom, One-Bath Condos… A Great Option!

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Last week there were only six two-bedroom, one-bathroom inland condos for sale on the island, compared to 38 two-bedroom, two-bathroom inland condos. These two-bedroom, one-bathroom condos built around 1970 are on the market with an average list price of $179,000 and 751 square feet. For comparison, two-bedroom, two-bathroom inland condos on the market ... Read More »

Where Do Marco Island Condo Buyers Come From?

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com The Marco Island MLS shows 588 condos sold on Marco Island in 2015, representing $315 million in sales. Year after year, more than 550 condos are sold by realtors to people from all over the world. Where do all these condo buyers come from? Interestingly, the majority of condo buyers come from four ... Read More »

Seasonal Condo Activity

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com During season, owners and renters push condo occupancy rates on the island to the maximum. Friends and relatives come for a week or two, and visitors vacation at local hotels and enjoy the superb weather and activities in January, February, March and April. During season, a favorite leisurely pastime between beaching, boating and ... Read More »

Marco Island’s Popular 2br/2ba Condos

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com There are 294 condos for sale on the island this week, and 160 of them (more than half) are two bedroom, two bathroom (2br/2ba) units. These popular condos range in price from $165,000 for an Island Village condo, to $1,190,000 for a Hideaway Beach condo. The smallest two bedroom condo listed for sale ... Read More »