Saturday, January 29, 2022

Happiness is a Marco Island Condo!

A beach view from Cape Marco. SUBMITTED PHOTO

A beach view from Cape Marco. SUBMITTED PHOTO

By Gary and Sandy Elliott

People come from all over the world to Marco Island to vacation, work or retire, and enjoy the beautiful crescent beach, water sports, fishing, golfing, shopping and, of course, the ever popular restaurants.

A recent review of the Collier County Property Assessor’s website shows that islanders come from all 50 states with the majority coming from the Midwest and Northeast. Homeowners come from at least 15 foreign countries with Canada, Germany and the United Kingdom representing the biggest groups. About 15 percent of the island’s condos are occupied year round, and the rest are seasonal getaways. Trip Advisor ranks Marco Island the No. 1 island in the US and No. 4 in the world.

Many first time visitors discover and get a taste of Marco during a business or a vacation trip at one of the resort hotels or as guests visiting their friends or relatives. After spending a few days or a weekend on the island, they return year after year to rent for a week or a month, and then after a few years of wonderful fun in the sun, decide to buy a residence.

According to the Marco Island Area Association of Realtors MLS data there are 10,683 condo residences in 157 condo complexes, representing more than $5 billion of real estate. The Island’s condos were built from the late-1960s to the mid-2000s. Many have guest suites, theater rooms, libraries, social rooms, tennis courts and all of them have pools and barbecues to enjoy the spectacular seasonal weather. A quarter of them have boat docks; 40 percent of them are on a beach, and 75 percent of them have a water view.

List prices on the Marco Island MLS this week range from less than $100,000 for a 400-square-foot island efficiency to more than $10 million for a luxurious Cape Marco penthouse. As of this writing, so far this year, 447 condos have sold and 298 are currently on the market for sale.

The most popular type of condo on the island is a two bedroom/two bathroom unit with about 1,200 square feet of air-conditioned space. These are available on the beach, on canals and inland locations. Half of the condos allow owners to bring and enjoy their pets.

With Season just around the corner, the seasonal rentals begin from a low of $2,000 per month for an inland efficiency to well over $10,000 per month for a luxury three- or four-bedroom condo on the beach.

People coming to Marco Island feel very happy and lucky to have found the island, and those that can afford to rent or buy here know they are experiencing a very satisfying lifestyle.

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