NOT LISTED FOR SALE

Estimated Value: $1,588,203 - $1,726,000

2 Beds
2 Baths
1,288 Sq Ft
1990 Built

Last Sold May 31, 2024

Last sale price $1,680,000 $1,304 Per Sq Ft

Current estimated payment $10,207/month

57 Days on Market

Highlights

  • Beach Front
  • Water access To Gulf or Ocean
  • Fitness Center
  • Tommie Barfield Elementary School Rated A
  • Community Cabanas
  • Security Service

About This Home

As of May 2024

*IDEAL 7TH FLOOR ELEVATION boasts WOW FULL BEACH VIEWS! An Investor's Dream at the Desirable South End of Marco's World Acclaimed Beach offers A Substantial Rental Income Option with its Weekly Rental Policy! Exceptional Gated Complex is Ideally Located walking distance To Hotels, Restaurants, Retail, Entertainment, Movie Theatre, Mini Golf, PO, Book Store and so much more! Community boasts Tropical Curb Appeal and Fine Amenities. All NEW High Impact Glass Sliders from Living Area and Master Suite access a spacious lanai boasting PANORAMIC FULL BEACH AND SPLENDID NIGHTLY SUNSET VIEWS! Eat-In Kitchen is OPEN to the Dining and Living Areas + Gulf Water VIEWS. The Spacious 2 Bedrooms, 2 Baths plus an Enclosed FLEX Room/Dayroom/Den/Extra Sleeping Area with NEW HIGH IMPACT GLASS WINDOWS offer wonderful accommodations. The Master Suite features King Bed, Desk, Wood Euro-Height Vanity with Quartz and Dual Sinks, A Large Walk-In Shower, Walk-In Closet + Second Vanity Table outside the main bath area. Guest Room offers 2 Twin Beds, Another Walk-In Closet, Sliders to the FLEX ROOM, Lovely Walk-In Shower and High Wood/Quartz Vanity. This PERFECT 7TH FLOOR ELEVATION brings in the Soothing Sound of the Gulf Waves and the Tropical Breezes. The In Unit Washer and Dryer and Covered Parking are great conveniences! This unit can EASILY be configured to a third sleeping area with Air Conditioning due to its FLEX ROOM which has IMPACT GLASS! If you are dreaming of an occasional retreat on Paradise Island plus the option of generating income, this IS ONE NOT TO BE MISSED due to its South Beach LOCATION AND Exceptional Amenities including TWO HEATED Pools, 2 BBQ Areas, Gulf View Fitness Room, Locked Individual Storage at Beach Level for Beach Gear, 2 Private Boardwalks to The Sugar White Sand, Outdoor Showers, Tennis & Pickle Ball plus Tropical Vegetation as you enter through the Impressive Guard Gate. Truly A GREAT LIFESTYLE & INVESTMENT OPPORTUNITY at a Superb Location On Marco's World Acclaimed Beach!

Last Agent to Sell the Property

Donna Kittle

RE/MAX Alliance Group License #3028050 Listed on: 03/08/2024

RE/MAX Alliance Group

Last Buyer's Agent

Kristina Lambros

Keller Williams Marco Realty License #3298084

Keller Williams Marco Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,880

Year Built

  • Built in 1990

Lot Details

  • Beach Front
  • Property fronts gulf or ocean
  • West Facing Home
  • Landscaped

Parking

  • Assigned parking located at #56
  • Guest Parking

Property Views

Home Design

  • Turnkey
  • Metal Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,288 Sq Ft Home
  • Sliding Windows
  • Entrance Foyer
  • Combination Dining and Living Room
  • Breakfast Room
  • Storage
  • Pest Guard System

Kitchen

  • Eat-In Kitchen
  • <<OvenToken>>
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Water access To Gulf or Ocean
  • Balcony
  • Patio
  • Lanai

Location

  • In Flood Plain
  • City Lot

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 73742501700

Community Details

Overview

  • No Home Owners Association
  • Application Fee Required
  • $1,667 Maintenance Fee
  • Association fees include cable TV, ground maintenance, pest control, security, trash, internet, water, sewer
  • 122 Units
  • High-Rise Condominium
  • Somerset Community
  • Somerset Of Marco Island Condo, The Subdivision
  • Park Phone (239) 642-5888
  • Property managed by Somerset of Marco
  • The community has rules related to no recreational vehicles or boats
  • Car Wash Area
  • 10-Story Property

Amenities

  • Community Barbecue Grill
  • Trash Chute

Recreation

  • Recreation Facilities
  • Community Cabanas

Pet Policy

  • No Pets Allowed

Security

  • Security Service
  • Resident Manager or Management On Site
  • Card or Code Access
  • Secure Elevator
  • Gated Community
  • High Impact Windows
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,880

Year Built

Built in 1990

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Somerset Of Marco Island Condo, The
  • Building Name: SOMERSET
  • Garage Yn: Yes
  • Year Built: 1990
  • Listing Information:Community: Marco Island
  • Listing Information:Subarea Type: Beach
  • Location Tax and Legal:Parcel Number: 73742501700
  • Location Tax and Legal:Tax Annual Amount: 10880.0
  • Location Tax and Legal:Tax Year: 2024
  • Location Tax and Legal:Land Lease YN: No
  • General Property Information:Condominium Name: SOMERSET
  • General Property Information:Stories Total: 10
  • General Property Information:Unit Floor: 7
  • General Property Information:Furnished: Turnkey
  • General Property Information:Flood Plain: Yes
  • General Property Information:AC SqFt: 1288.0
  • 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: 150.0
  • General Property Information:Maintenance Fee Per Month: 1667.0
  • Contract Information:Management Firm: Somerset of Marco
  • Contract Information:Manager Phone: 239-642-5888
  • General Information Details:Number Of Units Total: 122
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Approval:Application Fee3: Yes
  • Cooling:Central Air: Yes
  • Floor:Tile: Yes
  • Hot Sheet:Condominium: Yes
  • Maintenance Includes:Cable TV: Yes
  • Maintenance Includes:Landscaping: Yes
  • Maintenance Includes:Management: Yes
  • Maintenance Includes:Trash: Yes
  • Primary BedroomBath Description:Shower Only: Yes
  • Restrictions:No BoatTrailer: Yes
  • Dining Area:Dining-Living Room: Yes
  • Dining Area:Eat-In Kitchen: Yes
  • Roof:Metal: Yes
  • Security Features:Elevator2: Yes
  • Primary BedroomBath Description:Double Vanity: Yes
  • Primary BedroomBath Description:Split Bedrooms: Yes
  • View:Gulf: Yes
  • Dining Area:Breakfast Room: Yes
  • View:Long Water: Yes
  • View:Wide Water: Yes
  • Floor:Carpet: Yes
  • Maintenance Includes:Pest Control: Yes
  • Maintenance Includes:Sewer: Yes
  • Maintenance Includes:Water: Yes
  • Maintenance Includes:InternetWifi: Yes
  • Maintenance Includes:Security: Yes
  • Maintenance Includes:Recreation Facilities: Yes
  • Pets Allowed:No: Yes
  • Security Features:Fob Entry: Yes
  • Unit Design:High Rise: Yes
  • View:Beach2: Yes
  • Security Features:Building Security: Yes
  • Security Features:Fire Sprinkler System: Yes
  • Special Features: None
  • Stories: 10

Interior Features

  • Furnished: Turnkey
  • Appliances: Oven, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile
  • Interior Amenities: Assigned Storage Space, Entrance Foyer, Walk-In Closet(s), Eat-in Kitchen, Double Vanity
  • Living Area: 1288.0
  • Stories: 10
  • Window Features: Impact Windows, Sliding
  • Appliances Dishwasher: Yes
  • Appliances:Oven: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Range3: Yes
  • Interior Features:Entrance Foyer: Yes
  • Security Features:Gated Community: Yes
  • Interior Features:Assigned Storage Space: 705

Exterior Features

  • Lot Features: City Lot
  • Pool Private: No
  • View: Beach, Gulf, Long Water, Wide Water
  • Waterfront Features: Beach Front, Gulf Front, Access Gulf, Beach Access
  • Waterfront: Yes
  • Construction Type: Concrete Block Structure, Stucco
  • Exterior Features: Balcony, Tennis Court(s)
  • Patio And Porch Features: Lanai, Patio
  • Roof: Metal
  • Construction Materials:Concrete Block Structure: Yes
  • Construction Materials:Stucco: Yes
  • Patio and Porch Features:Lanai: Open
  • Window and Door Features:Sliding: Yes
  • Patio and Porch Features:Patio: Yes
  • Exterior Features:Balcony: Yes
  • Waterfront Features:Gulf Front: Yes
  • Window and Door Features:Impact Windows: Yes
  • Waterfront Features:Access Gulf: Yes
  • Lot Features:City Lot: Yes
  • Waterfront Features:Beach Access: Yes
  • Exterior Features:Tennis Court(s)2: Yes
  • Waterfront Features:Beach Front: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Guest
  • General Property Information:Garage Spaces: 1
  • Parking Features:Assigned Parking Space2: 56
  • Parking Features:Garage: Yes
  • Parking Features:Guest: Yes

Utilities

  • Security: Gated Community, Fob Entry, Fire Sprinkler System, Elevator, Building Security
  • Cooling: 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, Bike Storage, Cabana, Car Wash Area, Exercise Room, Fitness Center, Pickleball, Pool, Tennis Court(s), Trash Chute
  • Association: No
  • Pets Allowed: No

Association/Amenities

  • Association Amenities:Barbecue: Yes
  • Association Amenities:Pool: Yes
  • Association Amenities:Cabana: Yes
  • Association Amenities:Fitness Center: Yes
  • Association Amenities:Pickleball: Yes
  • Association Amenities:Tennis Court(s): Yes
  • Association Amenities:Exercise Room: Yes
  • Association Amenities:Bike Storage: Yes
  • Association Amenities:Car Wash Area: Yes
  • Association Amenities:Trash Chute: Yes
  • Association Amenities:Elevator(s): Yes

Fee Information

  • Association Fee Includes: Cable TV, Maintenance Grounds, Pest Control, Security, Trash, Internet, Water, Sewer

Lot Info

  • Land Lease: No
  • Parcel #: 73742501700

Multi Family

  • Number Of Units In Community: 122

Tax Info

  • Tax Annual Amount: 10880.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2024
Closed on
May 31, 2024
Sold by
Somerset 705 Llc
Bought by
Marshall James B and Marshall Renee L
Seller's Agent
Donna Kittle
RE/MAX Alliance Group
Buyer's Agent
Kristina Lambros
Keller Williams Marco Realty
List Price
$1,749,000
Sold Price
$1,680,000
Premium/Discount to List
-$69,000
-3.95%
Views
38
Current Estimated Value
$1,677,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,449
Avg. Annual Appreciation
-0.13%

Purchase Details

Listed on
Dec 19, 2022
Closed on
May 25, 2023
Sold by
Benoa Enterprises Corporation
Bought by
Somerset 705 Llc
Seller's Agent
Joe Contarino
RE/MAX Alliance Group
Buyer's Agent
Donna Kittle
RE/MAX Alliance Group
List Price
$1,750,000
Sold Price
$1,550,000
Premium/Discount to List
-$200,000
-11.43%
Views
145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.22%
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Marshall James B $1,680,000 None Listed On Document
Somerset 705 Llc $1,550,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $1,680,000 -3.9% $1,304 / Sq Ft
05/05/2024 05/05/24 Pending -- -- --
03/08/2024 03/08/24 For Sale $1,749,000 +12.8% $1,358 / Sq Ft
05/25/2023 05/25/23 Sold $1,550,000 -11.4% $1,203 / Sq Ft
05/09/2023 05/09/23 Pending -- -- --
12/19/2022 12/19/22 For Sale $1,750,000 -- $1,359 / 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
2023 $10,990 $1,073,512 $0 $0
2022 $10,238 $975,920 $0 $0
2021 $9,600 $887,200 $0 $887,200
2020 $9,202 $855,000 $0 $855,000
2019 $9,163 $835,680 $0 $835,680
2018 $8,691 $790,600 $0 $790,600
2017 $8,045 $722,640 $0 $722,640
2016 $7,543 $659,692 $0 $0
2015 $7,037 $599,720 $0 $0
2014 -- $545,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Marco Island Area Association of REALTORS®

MLS Number: 2240651

APN: 73742501700