Thursday, September 24, 2020

Marco Island’s Unique Selection of Condos

View of Marco Island’s crescent beach from a Cape Marco condo balcony.

View of Marco Island’s crescent beach from a Cape Marco condo balcony.

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 height, balcony location, pet policy, renovations, and age. Overall, the median list price of a condo on Marco Island is $519,000 and the median air conditioned space is 1,162 square feet.

Median list prices and sizes are as follows: studio apartments are $128,000 with 450 square feet; one bedroom condos are $299,000 with 665 square feet; two bedroom condos are $465,000 with 1,075 square feet; three bedroom condos are $900,000 with 2,110 square feet; four bedroom condos are $2.4 million with 3,830 square feet and five bedroom condos are $6.9 million with 7,165 square feet.

Condo locations have an impact on the

Pool view of Coquina Gardens. Photos by Gary Elliott

Pool view of Coquina Gardens. Photos by Gary Elliott

list price. The median price of the ever-popular two bedroom, two bathroom 1,000 to 1,200 square foot condo on the island is $475,000. There are 15 inland versions of this type of condo listed for sale at a median price of $335,000 and there are 57 beach condos listed at a median price of $529,000, or 58% more than inland. There are 13 water direct and nine water indirect condos for sale at a median price of $400,000.

About half of the island condos are pet friendly and half do not allow pets, so if you have a pet or may want a pet in the future this will be an additional criterion to take into consideration. Which direction the balcony faces is an important factor. Some people like their balconies facing south to bask in the sun and others like shady balconies facing north and soak up their sun on the beach. Balconies facing east see

South Seas Club features 2 bedroom, 2 bathroom condos on the beach.

South Seas Club features 2 bedroom, 2 bathroom condos on the beach.

the morning sunrise and those facing west enjoy glorious sunsets. Floor height can be important. Some people like ground floor apartments for easy access and others prefer higher floors for the view.

The age of the condo and how much it has been updated is important. The first condos were built on Marco Island in the 1960s. Today 12 of them are for sale with a median list price of $189,000 with 700 square feet. There are 67 condos for sale built in the 1970s with a median price of $349,000 and 840 square feet. The 1980s saw a building boom and today there are 147 condos for sale from this decade with a median price of $485,000 and 1,084 square feet. The 1990s saw continued growth with 86 condos for sale today at a median price of $650,000 and 1,770 square feet. Finally the 2000s decade has 63 condos for sale with a median price of $1,595,000 and 2,680 square feet.

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