$1,749,000
$46K PRICE DROP

Estimated payment $12,356/month

Total Views 58,899
2 Beds
2 Baths
1,580 Sq Ft
$1,107 Price per Sq Ft

Highlights

  • Beach Front
  • Community Beach Access
  • Gulf View
  • Tommie Barfield Elementary School Rated A
  • Fitness Center
  • Gated Community

About This Home

Located on Marco Island's preferred southern beach, Somerset sits on a quiet site away from crowds & public beach accesses, yet close to 7 of the best restaurants on the island. Somerset provides an impressive gated entry drive, 2 heated pools, tennis courts, 2 BBQ areas, ocean view sunny fitness room, secure individual storage for gear, coolers & chairs at beach level, 2 private boardwalks to beach. outdoor showers, undercover assigned parking. New 2024 modern contemporary 'best on beach' appeal with exterior painting. Potential gross income over 100,000 from rentals...get premium rents now and much more if you do a modern renovation. Few beach buildings allow weekly rentals & Somerset is the nicest. This is your great investment beach rental condo opportunity! Somerset has spectacular ocean views directly facing west. Private balcony for daily crimson gold & orange sunsets...and the elusive green flash! (yes its' real). Unit floor height equal to 3rd or 4th floor in many buildings This unit can be easily & quickly configured to a 3 bedroom from its current 2 + den layout. This is the only 2 bedroom + den layout in the building and larger than the standard 2 bedrooms for sale now. Size matters. Impact windows and doors. Newer insides - 2024 hot water, 2015 AC, replaced appliances in 2024- stainless refrigerator, oven, microwave. You can move in now & live here, rent it as is or remodel next summer to fabulous coastal & contemporary style. Unit had some upgrades done to counter tops, kitchen, lighting, wall art. Agent interest - a beneficial owner has a real estate license.

Listing Agent

Paul Tateo

Horizons by the Sea Inc License #267500211 Listed on: 11/12/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,765

Year Built

  • Built in 1990

Lot Details

  • Beach Front
  • Property fronts gulf or ocean
  • Property fronts a private road
  • East Facing Home

HOA Fees

  • $1,717 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Home Design

  • Rolled or Hot Mop Roof
  • Metal Roof
  • Stucco

Interior Spaces

  • 1,580 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Sliding Windows
  • Combination Dining and Living Room
  • Den
  • Security Gate

Kitchen

  • Breakfast Bar
  • Electric Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Dual Sinks
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 207
  • Assessor Parcel Number 73742500345

Community Details

Overview

  • Association fees include management, cable TV, insurance, internet, irrigation water, legal/accounting, ground maintenance, pest control, recreation facilities, reserve fund, sewer, security, trash, water
  • 122 Units
  • Association Phone (239) 642-5888
  • High-Rise Condominium
  • Somerset Of Marco Island Subdivision

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Community Beach Access

Security

  • Gated Community
  • Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,765

Year Built

Built in 1990

Lot Details

0

HOA Fees

$1,717 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 7.0
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Ownership: Condo
  • Subdivision Name: SOMERSET OF MARCO ISLAND
  • Architectural Style: See Remarks, High Rise
  • Carport Y N: No
  • Entry Level: 2
  • Garage Yn: Yes
  • Structure Type: High Rise
  • Year Built: 1990
  • Property Sub Type Additional: Condominium
  • Association Fee 3 Frequency: Quarterly
  • Pets No Pets Comments: ,,,
  • Special Features: VirtualTour

Interior Features

  • Furnished: Furnished
  • Private Spa: No
  • Appliances: Dryer, Dishwasher, Electric Cooktop, Ice Maker, Microwave, Range, Refrigerator, RefrigeratorWithIce Maker, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile
  • Interior Amenities: Breakfast Bar, Dual Sinks, Living/Dining Room, Tub Shower, Window Treatments, High Speed Internet, Split Bedrooms
  • Living Area: 1580.0
  • Dining Room Type: Den
  • Stories: 1
  • Window Features: Sliding, Impact Glass, Window Coverings

Exterior Features

  • Lot Features: Irregular Lot
  • Pool Features: Community
  • Pool Private: No
  • View: Gulf
  • View: Yes
  • Waterfront Features: Beach Front, Gulf
  • Waterfront: Yes
  • Disclosures: Coastal Zone, Owner Is Listing Agent, RV Restriction(s)
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: East
  • Exterior Features: Security/High Impact Doors, Patio, Storage
  • Patio And Porch Features: Balcony, Patio
  • Property Condition: Resale
  • Roof: Metal, Rolled/Hot Mop

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Assigned, Covered, Detached, Underground, Garage, One Space

Utilities

  • Laundry Features: Inside
  • Security: Security Gate, Gated Community, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Elevator, Gated
  • Senior Community: No
  • Amenities: Beach Rights, Beach Access, Bike Storage, Fitness Center, Pickleball, Pool, Storage, Tennis Court(s)
  • Phone: 239-642-5888
  • Association: No
  • Pets Allowed: No
  • Common Interest: Condominium
  • HOA Fee 3: 5150.0

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Insurance, Internet, Irrigation Water, Legal/Accounting, Maintenance Grounds, Pest Control, Recreation Facilities, Reserve Fund, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 73742500345

Multi Family

  • Number Of Units In Community: 122

Tax Info

  • Tax Annual Amount: 11765.0
  • Tax Lot: 207
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2023 $11,035 $1,032,372 $0 $0
2022 $10,431 $938,520 $0 $0
2021 $9,232 $853,200 $0 $853,200
2020 $8,706 $808,960 $0 $808,960
2019 $8,663 $790,000 $0 $790,000
2018 $8,424 $766,300 $0 $766,300
2017 $8,092 $726,800 $0 $726,800
2016 $8,020 $711,000 $0 $0
2015 $7,764 $660,440 $0 $0
2014 $7,045 $600,400 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2025 02/20/25 Price Changed $1,749,000 -2.6% $1,107 / Sq Ft
11/12/2024 11/12/24 For Sale $1,795,000 +21.7% $1,136 / Sq Ft
12/28/2023 12/28/23 Sold $1,475,000 +1.7% $934 / Sq Ft
12/13/2023 12/13/23 Pending -- -- --
12/06/2023 12/06/23 For Sale $1,450,000 -- $918 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,475,000 First Title & Abstract
Warranty Deed $335,000 --
Warranty Deed $339,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $271,200 No Value Available
Source: Public Records

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Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 224088808

Florida Gulf Coast Multiple Listing Service

APN: 73742500345