Gary Elliott & Sandy Elliott
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 the Gulf.
38% of Marco Island’s condos are located on the beach and this tends to be the first area that people are drawn to. Last week, 152 were for sale. Prices on the beach range from $289,000 for a 2-bedroom 1.5 bathroom with 597 square feet to $7,895,000 for a Cape Marco penthouse with7,150 square feet. The median list price of a beachfront condo is $699,000, which will buy you a 2-bedroom 2 bathroom 1,160 square foot condo.
28% of our condos are on a canal or body of water with either direct boating access to the Gulf, or indirect access if there is a bridge or two between your condo and the Gulf. Last week 77condos were for sale with prices ranging from $193,000 to $899,000. The median price of a water direct condo is $389,000 for a 2-bedroom 2.5 bathroom condo. Median price for a water indirect condo is $575,000 with 3 bedrooms and 2 bathrooms.
26% of the island’s condos are inland,some with a golf course view, some look out on a park and some come with a street view. Last week 90 were listed for sale. These range in price from $124,900 for a studio with 406 square feet to $839,000 for a 3-bedroom, 3.5 bathroom with 2,250 square feet. Median price is $249,000 for a 2-bedroom, 2.5 bathroom with 1,066 square feet.
Another 8% of the condos are along the Gulf at the south end of the island. These condos have views of the gulf, most come with fishing piers, one with boat docks. The prices range from $525,000 for a 2-bedroom, 2 bathroom with 1,300 square feet to $1,695,000for a 3-bedroom 3 bathroom with 2,596 square feet. Median price along the Gulf is $849,000 for a 3-bedroom, 3 bathroom condo with 2,118 square feet.
Condos on Marco Island were built over a few decades starting in the late 1960s, peaking in the 1980s and finishing in 2006. Early condos tend to be less than 1,000 square feet, but over time newer condos grew in size to thousands of square feet and come with many more amenities. The median price of a 1960s condo is $165,000 for a 2-bedroom 1 bathroom inland condo and the prices rise by decade to a median price of $940,000 for a 3-bedroom 3 bathroom Gulf condo built in the 2000s.