Gary & Sandy Elliott
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 and inland locations. Only the Dunnfoire on the beach meets this criterion with 30 units. In comparison, a number of condos on the island have more than 200apartments per building.
Not a lot of condos come on the market in this low density category. Right now there are only 44 active listings out of the possible 1,687 units found in condos with less than 40 units. Less than 3% of condos in this category are for sale, creating a definite seller’s market.
Apartments range in size from 640 to 3,242 square feet and, when available, come in a wide range of prices. Prices this week range from $89,500 to $460,000 for inland lowdensity condos. Water direct low density condos range from $299,000 to $1,595,000. There are no beachfront condos in this category for sale this week.
The smallest condos represented are the Tiki House and Ebb Tide located on the south end of the island with only four units each but none are for sale at this time. We have arbitrarily set the upper limit on these low density condos at 40 units per complex so condos with names like Camelot, Marisol Plaza, Seaview and Pier 81North or South represent the upper range of low density condos, with 38 or 39 units per building. There are only 5 condos for sale among these condos.
Some people prefer to live in a building with a small number of units, and others like larger complexes with more amenities and more diverse social activities. Monthly maintenance costs run from a few hundred dollars to well over $1,000 for these low density condos. These costs depend more on the overall price range rather than the density of the building.