Condo Report

The Impact of Condo Rental Policies

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Today’s Marco Island condo buyers tend to look for a great location, competitive price and an opportunity to rent their condo to help offset the annual cost of ownership including condo fees, taxes, utilities and insurance. The median price of the 282 condos for sale this week is $549,000, but this price varies ... Read More »

Condo Sales on Marco Island

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com According to the Marco Island Multiple Listing Service (MLS), 517 condos on Marco Island have sold so far this year, ranging in price from $75,000 for a 400 square foot efficiency at Seabreeze to $6,450,000 for a 6,600 square foot penthouse at Madeira. According to the Collier County Property Appraiser’s records, about 860 ... Read More »

Weekly Rental Condos on the Beach

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Many people in the area like the idea of buying a weekly rental condo on the beach for their own enjoyment and to accommodate visiting family members. The rest of the year they rent the condo to offset the costs of ownership. Others, who have experienced the daunting task of finding a rental ... Read More »

Condo Prices and Views Vary by Floor Height

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com 233 condos were listed for sale on the island last week. Floor height is often a consideration by condo buyers. These buyers fall into at least three segments when it comes to floor height. Some people like a condo located on the first few floors for a variety of reasons– close to the ... Read More »

Large Condo Complexes

Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Twelve condo buildings or complexes on Marco Island each have more than 200 apartments. These are the Admiralty, Tradewinds, Shipps Landing, the four South Seas Towers, Stevens Landing, Gulfview, Riverside, South Seas East and Anglers Cove. These dozen account for more than 25% of all the condo apartments on Marco Island. This week there ... Read More »

Low Density Condos

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Marco Island’s condos come in a variety of configurations and arrangements. About half of the named condos on the island have 40 units or less per building or complex, but they represent only 15% of the total condo units on Marco Island. These neighborly, low density condos can be found on water direct ... Read More »

Marco Island Condo Owners Come from All Over the World

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com People from all over the world own vacation condos on Marco Island. Almost all the states and dozens of foreign countries are represented. Due to limitations on the Collier County Tax Assessors’ website, we took a sampling of condo owners’ home addresses along Collier Boulevard, the street with the most condos of any ... Read More »

Selling and Listing Condos on Marco Island

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Condos sell year round on Marco Island. Condo sales peak during March, April and May when about 70 condos per month are sold, and are at the lowest during September, October and November when about 35 per month are sold. This is 50% of the peak months’ rate. It takes one to three ... Read More »

Location, Location, Location

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Location, Location, Location is a familiar rule in real estate and the best locations come at a price. Marco Island is a great location with world class beaches, accommodations, amenities and restaurants creating a fabulous lifestyle with a commensurate price tag. Condos on the island are located in four distinct geographic areas. There ... Read More »

Marco Island Condo Inventory Shrinks

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com This week there are 269 condos for sale on Marco Island, down 28% from this time one year ago. During the last 12 months 581 condos sold on the island resulting in an overall sales rate of 48 condos per month. If this rate of sales continues with no new inventory coming on ... Read More »

Condos with Boat Docks and Fishing Piers

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Boating and fishing are popular pastimes on Marco Island. 90 of the 284 condos for sale this week on Marco Island feature boat docks and 50 feature fishing piers. Condo owners can choose between various types of boat dock arrangements like daily, weekly, monthly or annual rental plans or ownership of a deeded ... Read More »

Fifty Years of Condos on Marco Island

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Marco Island’s condo construction started fifty years ago when Wexford Place opened at the corner of Bald Eagle and Tallwood. This was a time of space exploration, jet planes and the Beatles. Condos built back then were about 700 square feet, and featured one or two bedrooms with one bathroom. Condo interiors tended ... Read More »

Condos with a View!

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Views from your condo are everything on Marco Island! These memorable tropical views bring you back to the island year after year. Daily views from your condo kindle emotions and allow quiet wandering thoughts. They change with the season, time of day or night and the weather. Window fashions help enhance the natural ... Read More »

Remodeling Your Kitchen or Bath?

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com The kitchen and bath remodeling industry hit an all-time high in 2014 of three hundred billion dollars nationally. On Marco Island last year 615 permits were issued for condo remodeling work. According to the city’s web site, licensed General or Building Contractors are required to do remodeling work in condos. Most of ... Read More »

Inland Condos – Enjoying the Island Lifestyle!

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Inland condos on Marco Island come in a variety of sizes, ages and locations. These condos are located close to beaches, close to shopping areas, close to the library and Historical Museum, close to parks and green spaces and just about everything else the island has to offer, but are not located directly ... Read More »

Marco Island’s Beachfront Condos

CONDO REPORT Gary & Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Thirty four condo buildings were constructed along Marco Island’s beaches between 1967 and 2006. The first one built on the beach is the aptly named and well maintained, 48 residence Emerald Beach and the newest is the luxurious 101 residence called Madeira. Of the 4,091 beachfront apartments only 168 condos are for sale ... Read More »

Hideaway Beach: Life is Good!

Condo Report By Gary and Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Hideaway Beach is a 300-acre upscale, gated community of homes, condos and lots located at the north end of Kendall Drive right on the Gulf with two miles of secluded beaches and all the amenities needed to enjoy a wonderful, healthy lifestyle. There are 367 condos located inside Hideaway Beach. This ... Read More »

Condos along Smokehouse Bay

Condo Report By Gary and Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com Most people catch a view of tranquil Smokehouse Bay from one of the restaurants or shops at The Esplanade on Collier Boulevard or as they stroll along the promenade adjacent to the marina. A few lucky people keep their boats at the marina at The Esplanade, but some of the luckiest ... Read More »

South End Condos are Popular

Condo Report By Gary and Sandy Elliott www.marcoislandcondoguy.net www.SandyElliottInteriors.com The South end of Marco Island is a popular location for condos. This quiet residential area is located south of Winterberry Drive, east of South Collier Boulevard and west of Heathwood Drive. Most of the condos are clustered on streets with names like Collier Court, Panama Court, Huron Court, Swallow Avenue ... Read More »

Searching for the Perfect Marco Island Condo

Condo Report By Sandy and Gary Elliott www.SandyElliottInteriors.com www.marcoislandcondoguy.net This week there are 327 condos listed for sale on the Marco Island MLS. They come in all different sizes, building types, prices and locations, and all have differing amenities. Finding just the right one can be a daunting and time-consuming task. To help make efficient use of your time while ... Read More »