$7,500,000
SOLD MAY 18, 2022
4 Beds
4.5 Baths
5,117 Sq Ft
2006 Built

Recently Sold

$1,466 Per Sq Ft

11 Days on Market

Highlights

  • Beach Front
  • Fitness Center
  • Spa
  • Tommie Barfield Elementary School Rated A
  • Gated with Attendant
  • Custom Closet System

About This Home

As of March 2024

The epitome of sophisticated coastal resort living awaits! Mesmerizing Crescent Beach & Gulf of Mexico views. After a day full of activities , watching the children build sandcastles, seeing dolphin pop out of the water, strolling the beach, taking a dip in the pool or out on the links, return & relax on the expansive Gulf terrace for cocktails , dinner & spectacular sunsets. One of only 4 estate residences in the entire building. Stunning interior design abounds in this spacious 4 bedroom 4.5 bath, plus den luxury residence . No expense spared or detail overlooked in the recent total renovation. Gorgeous marble & hand scraped wood floors, Cristallo quartzite kitchen counters, Sub Zero, Dacor & Asko appliances, wet bar with wine storage , Sonos sound system, ambient lighting, quality coastal furnishings & artwork, subtle seaside color palette, rich fabrics, new electric shutters & more . The primary suite affords a tranquil private retreat to relax in at the end of a busy day. Three additional privately located guest suites afford ample space for visiting family & friends, plus den /5th sleeping area. 3 balconies for unparalleled views West & East The fully equipped epicurean kitchen opens conveniently to the living areas and will delight the family chef,. The adjacent family room provides a casual living area in addition to the gorgeous formal living & dining areas. Residence is fully equipped and ready to start ''living the dream '' without lifting anything more than your wine glass. Madeira amenities include lavish lobby, social areas, bar, billiards, theater, guest suites, beach side pool , fitness , tennis , gated entrance , active social program & more. Additionally the new owner will have the added benefit of immediate membership to the MEMBERS CLUB at MARCO if desired. For more information on Members Club www.membersclubatmarco.com

Last Agent to Sell the Property

Kristine Bareis

Gulfshore Realty Inc Listed on: 04/18/2022

Last Buyer's Agent

The BROS Who Are Real Estate PROS

Independent Brokers Realty License #3221401

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $44,405

Year Built

  • Built in 2006

Lot Details

  • Beach Front
  • West Facing Home
  • Landscaped

Parking

  • Tuck Under Parking
  • Assigned parking located at #1506

Property Views

Home Design

  • Turnkey
  • Poured Concrete
  • Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,117 Sq Ft Home
  • Wet Bar
  • Electric Shutters
  • Entrance Foyer
  • Open Floorplan
  • Storage
  • Security Gate

Kitchen

  • Breakfast Bar
  • Built-In Electric Oven
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Custom Closet System
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Balcony
  • Lanai

Location

  • In Flood Plain

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 56317101947

Community Details

Overview

  • No Home Owners Association
  • Application Fee Required
  • $3,594 Maintenance Fee
  • Association fees include cable TV, ground maintenance, trash, water, sewer
  • 101 Units
  • High-Rise Condominium
  • Madeira Community
  • Madeira On Marco Island A Condo Subdivision
  • Park Phone (238) 389-4510
  • Property managed by Colette Mc Breen
  • The community has rules related to no truck, recreational vehicles, or motorcycle parking, no motorcycles, no recreational vehicles or boats
  • 17-Story Property

Amenities

  • Community Barbecue Grill
  • Sauna
  • Trash Chute
  • Guest Suites
  • Elevator

Recreation

  • Recreation Facilities
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Card or Code Access
  • Secure Elevator
  • High Impact Windows
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$44,405

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Madeira On Marco Island A Condo
  • Directions: Collier Blvd South to Madeira gated entrance just north of the Marriott. Present business card to guard at gate. Parking on the lobby level Listing agent will meet you in the lobby area.
  • Architectural Style: See Remarks
  • Building Name: MADEIRA
  • Unit Levels: One
  • Year Built: 2006
  • Listing Information:Community: Marco Island
  • Listing Information:Subarea Type: Beach
  • Location Tax and Legal:Parcel Number: 56317101947
  • Location Tax and Legal:Tax Annual Amount: 44405.0
  • Location Tax and Legal:Tax Year: 2021
  • Location Tax and Legal:Land Lease YN: No
  • General Property Information:Condominium Name: MADEIRA
  • General Property Information:Stories Total: 17
  • General Property Information:Unit Floor: 15
  • General Property Information:Furnished: Turnkey
  • General Property Information:Flood Plain: Yes
  • General Property Information:AC SqFt: 5117.0
  • General Property Information:Bathrooms Half: 1
  • General Property Information:Rear Exposure: West
  • General Property Information:Boat Dock: No
  • General Property Information:Community Pool: Yes
  • General Property Information:Pool Private YN: No
  • General Property Information:HOA YN: No
  • General Property Information:Application Fee: 350.0
  • General Property Information:Maintenance Fee Per Month: 3594.0
  • Contract Information:Management Firm: Colette Mc Breen
  • Contract Information:Manager Phone: 238 389 4510
  • General Information Details:Number Of Units Total: 101
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Approval:Application Fee3: Yes
  • Cooling:Central Air: Yes
  • Dining Area:Breakfast Bar: Yes
  • Dining Area:Family-Dining Room: Yes
  • Hot Sheet:Condominium: Yes
  • Maintenance Includes:Cable TV: Yes
  • Maintenance Includes:Landscaping: Yes
  • Maintenance Includes:Management: Yes
  • Maintenance Includes:Trash: Yes
  • Restrictions:No BoatTrailer: Yes
  • Restrictions:No Motor Home: Yes
  • Restrictions:No Motorcycles: Yes
  • Restrictions:No TrucksRvs: Yes
  • General Property Information:Boat Lift: No
  • Roof:Tile2: Yes
  • Dining Area:Dining-Living Room: Yes
  • Security Features:Smoke Detector(s): Yes
  • Primary BedroomBath Description:Double Vanity: Yes
  • Primary BedroomBath Description:Separate Tub Shower: Yes
  • View:Gulf: Yes
  • Levels:One: Yes
  • Cooling:_two_ or More Systems2: Yes
  • Floor:Wood: Yes
  • Maintenance Includes:Sewer: Yes
  • Maintenance Includes:Water: Yes
  • Security Features:Gated with Guard: Yes
  • Security Features:Security Gate: Yes
  • Special Information:Pet Restrictions: Yes
  • Floor:Marble: Yes
  • Maintenance Includes:Recreation Facilities: Yes
  • Security Features:Fob Entry: Yes
  • Unit Design:High Rise: Yes
  • Restrictions:No Scooters: Yes
  • View:Beach2: Yes
  • Pets Allowed:Yes: Yes
  • Security Features:Fire Sprinkler System: Yes
  • Security Features:Secured Elevator: Yes
  • Security Features:Owner Locked Elevator: Yes
  • Special Features: VirtualTour
  • Stories: 17

Interior Features

  • Furnished: Turnkey
  • Appliances: Built-In Electric Oven, Cooktop, Dishwasher, Disposal, Dryer, Ice Maker Stand Alone, Microwave, Refrigerator With Ice Maker, Washer, Wine Cooler
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Marble, Wood
  • Interior Amenities: Assigned Storage Space, Custom Closets, Entrance Foyer, Walk-In Closet(s), Wet Bar, Breakfast Bar, Double Vanity
  • Living Area: 5117.0
  • Stories: 17
  • Window Features: Electric Shutters, Impact Windows, Window Coverings
  • Appliances Dishwasher: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Refrigerator With Ice Maker: Yes
  • Appliances:Wine Cooler: Yes
  • Interior Features:Custom Closets: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Wet Bar: Yes
  • Primary BedroomBath Description:Enclosed Toilet: Yes
  • Appliances:Cooktop: Yes
  • Security Features:Gated Community: Yes
  • Appliances:Ice Maker Stand Alone: Yes
  • Appliances:Built-In Electric Oven: Yes
  • Interior Features:Assigned Storage Space: #73 Area 3

Exterior Features

  • Lot Features: See Remarks
  • Pool Private: No
  • View: Beach, Gulf
  • Waterfront Features: Beach Front
  • Waterfront: Yes
  • Construction Type: Concrete Block Structure, Poured Concrete
  • Exterior Features: Balcony
  • Patio And Porch Features: Lanai
  • Roof: Tile
  • Construction Materials:Concrete Block Structure: Yes
  • Patio and Porch Features:Lanai: Open
  • Lot Features:See Remarks10: Yes
  • Exterior Features:Balcony: Yes
  • Window and Door Features:Electric Shutters: Yes
  • Window and Door Features:Impact Windows: Yes
  • Window and Door Features:Window Coverings: Yes
  • Construction Materials:Poured Concrete: Yes
  • Waterfront Features:Beach Front: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Under Building Close
  • General Property Information:Garage Spaces: 2
  • Parking Features:Assigned Parking Space2: 1506
  • Parking Features:Under Building Close: Yes

Utilities

  • Security: Smoke Detector(s), Security Gate, Secured Elevator, Owner Locked Elevator, Gated with Guard, Gated Community, Fob Entry, Fire Sprinkler System
  • Cooling: 2 or More Systems, Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Central Heating
  • Heating Yn: Yes
  • Heating:Central Heating: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Community Pool
  • Amenities: Elevator(s), Barbecue, Fitness Center, Guest Suite, Pool, Sauna, Tennis Court(s), Trash Chute, Spa/Hot Tub
  • Association: No
  • Pets Allowed: Yes

Association/Amenities

  • Association Amenities:Barbecue: Yes
  • Association Amenities:Pool: Yes
  • Association Amenities:Fitness Center: Yes
  • Association Amenities:SpaHot Tub3: Yes
  • Association Amenities:Tennis Court(s): Yes
  • Association Amenities:Sauna: Yes
  • Association Amenities:Guest Suite: Yes
  • Association Amenities:Trash Chute: Yes
  • Association Amenities:Elevator(s): Yes

Fee Information

  • Association Fee Includes: Cable TV, Maintenance Grounds, Trash, Water, Sewer

Lot Info

  • Land Lease: No
  • Parcel #: 56317101947

Multi Family

  • Number Of Units In Community: 101

Tax Info

  • Tax Annual Amount: 44405.0
  • Tax Book Number: 5963
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2023
Closed on
Mar 15, 2024
Sold by
Pearson Joseph L and Pearson Tracy L
Bought by
T & K Marco-Madeira 1506 Llc
Seller's Agent
Michelle Thomas
Premier Sotheby's International Realty
Buyer's Agent
Natalie Kirstein
William Raveis Real Estate
List Price
$7,395,000
Sold Price
$7,200,000
Premium/Discount to List
-$195,000
-2.64%
Views
53
Current Estimated Value
$6,848,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$351,208
Avg. Annual Appreciation
-3.34%

Purchase Details

Listed on
Apr 18, 2022
Closed on
May 18, 2022
Sold by
Puckett Madeira Llc
Bought by
Pearson Joseph L and Pearson Tracy L
Seller's Agent
Kristine Bareis
Gulfshore Realty Inc
Buyer's Agent
The BROS Who Are Real Estate PROS
Independent Brokers Realty
List Price
$7,500,000
Sold Price
$7,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.21%
Original Mortgage
$7,534,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 18, 2021
Closed on
Jun 9, 2021
Sold by
Dms Marco Llc
Bought by
Puckett Madeira Llc
Seller's Agent
Matt Lane
William Raveis Real Estate
Buyer's Agent
Kristine Bareis
Gulfshore Realty Inc
List Price
$7,395,000
Sold Price
$6,562,000
Premium/Discount to List
-$833,000
-11.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.27%

Purchase Details

Listed on
Nov 2, 2017
Closed on
May 11, 2018
Sold by
Grodner Melvyn and Grodner Delia
Bought by
Dms Marco Llc
Seller's Agent
Bo Sorrentino
Engel & Voelkers Naples Bonita Estero
Buyer's Agent
Anna Pusz
Results Realty Marco Island
List Price
$7,259,000
Sold Price
$6,200,000
Premium/Discount to List
-$1,059,000
-14.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.86%

Purchase Details

Closed on
Feb 6, 2008
Sold by
Capik Richard W and Capik Cheryl D
Bought by
Grodner Melvyn and Grodner Delia

Purchase Details

Closed on
Sep 18, 2006
Sold by
Marco Island Condominiums Llc
Bought by
Capik Richard W and Capik Cheryl D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,520,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $7,200,000 None Listed On Document
Warranty Deed $7,500,000 Ronald S Webster
Warranty Deed $6,562,000 Attorney
Warranty Deed $6,200,000 Attorney
Warranty Deed $3,650,000 Accu Title Agency
Special Warranty Deed $3,150,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $7,534,000 New Conventional
Previous Owner $2,520,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $7,200,000 -2.6% $1,407 / Sq Ft
01/06/2024 01/06/24 Pending -- -- --
11/09/2023 11/09/23 For Sale $7,395,000 -1.4% $1,445 / Sq Ft
05/18/2022 05/18/22 Sold $7,500,000 0.0% $1,466 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
04/14/2022 04/14/22 For Sale $7,500,000 +14.3% $1,466 / Sq Ft
06/09/2021 06/09/21 Sold $6,562,000 -11.3% $1,282 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
03/18/2021 03/18/21 For Sale $7,395,000 +19.3% $1,445 / Sq Ft
05/11/2018 05/11/18 Sold $6,200,000 -14.6% $1,212 / Sq Ft
04/11/2018 04/11/18 Pending -- -- --
11/02/2017 11/02/17 For Sale $7,259,000 -- $1,419 / Sq Ft
Source: Marco Island Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $60,583 $6,485,400 -- $6,485,400
2023 $60,583 $6,485,400 $0 $6,485,400
2022 $58,655 $5,784,543 $0 $5,784,543
2021 $44,405 $4,103,920 $0 $4,103,920
2020 $43,618 $4,052,750 $0 $4,052,750
2019 $44,440 $4,052,750 $0 $4,052,750
2018 $35,988 $3,273,710 $0 $3,273,710
2017 $34,738 $3,120,200 $0 $3,120,200
2016 $32,889 $2,915,520 $0 $0
2015 $30,848 $2,659,670 $0 $0
2014 $30,022 $2,558,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Marco Island Area Association of REALTORS®

MLS Number: 2220935

APN: 56317101947