$1,550,000
SOLD MAY 25, 2023
2 Beds
2 Baths
1,288 Sq Ft
1990 Built

Recently Sold

$1,203 Per Sq Ft

11% Below List Price

140 Days on Market

Highlights

  • Beach View
  • Fitness Center
  • Furnished
  • Tommie Barfield Elementary School Rated A
  • Private Pool
  • No HOA

About This Home

As of May 2024

Spectacular Beach and Gulf of Mexico views from this 7th floor beachfront condo. Enjoy the beautiful Marco Island sunsets from this front facing unit. Light and Bright 2 BR, 2 Bath unit with an open Dining/Living floor plan. Seller will pay for new window and door replacements required in 2023.
Exceptional weekly rental unit that can generate substantial income, ideally located close to restaurants, shopping, entertainment and other conveniences. A beautiful ,well maintained gated complex at the south end of the Island.

Last Agent to Sell the Property

Joe Contarino

RE/MAX Alliance Group License #3230639 Listed on: 12/19/2022

RE/MAX Alliance Group

Last Buyer's Agent

Donna Kittle

RE/MAX Alliance Group License #3028050

RE/MAX Alliance Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,238

Year Built

  • Built in 1990

Lot Details

  • West Facing Home
  • Landscaped
  • Irrigation

Parking

  • 1 Car Garage

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,288 Sq Ft Home
  • Furnished
  • Storage
  • Pest Guard System

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Pool

  • Private Pool

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
  • $1,500 Maintenance Fee
  • Association fees include cable TV, ground maintenance, pest control, security, trash, internet, water, sewer
  • 122 Units
  • 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
  • Elevator

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Security Service
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,238

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
  • 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: 10238.0
  • Location Tax and Legal:Tax Year: 2022
  • 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: Furnished
  • 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: Yes
  • General Property Information:HOA YN: No
  • General Property Information:Application Fee: 100.0
  • General Property Information:Maintenance Fee Per Month: 1500.0
  • Contract Information:Management Firm: Somerset of Marco
  • Contract Information:Manager Phone: 239-642-5888
  • General Information Details:Number Of Units Total: 122
  • Approval:Application Fee3: Yes
  • Cooling:Central Air: Yes
  • Floor:Tile: Yes
  • Hot Sheet:Condominium: Yes
  • Maintenance Includes:Cable TV: Yes
  • Maintenance Includes:Irrigation: Yes
  • Maintenance Includes:Landscaping: Yes
  • Maintenance Includes:Management: Yes
  • Maintenance Includes:Trash: Yes
  • Restrictions:No BoatTrailer: Yes
  • Primary BedroomBath Description:Combination BathShower: Yes
  • Primary BedroomBath Description:Double Vanity: Yes
  • View:Gulf: 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
  • Pets Allowed:No: Yes
  • View:Beach2: Yes
  • Special Features: VirtualTour
  • Stories: 10

Interior Features

  • Furnished: Furnished
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile
  • Interior Amenities: Assigned Storage Space, Double Vanity
  • Living Area: 1288.0
  • Stories: 10
  • Interior Features:Assigned Storage Space: 705

Exterior Features

  • Lot Features: City Lot
  • Pool Private: Yes
  • View: Beach, Gulf, Wide Water
  • Construction Type: Concrete Block Structure, Stucco
  • Construction Materials:Concrete Block Structure: Yes
  • Construction Materials:Stucco: Yes
  • Lot Features:City Lot: Yes

Garage/Parking

  • Garage Spaces: 1.0
  • General Property Information:Garage Spaces: 1

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central Heating
  • Heating Yn: Yes
  • Heating:Central Heating: Yes

Condo/Co-op/Association

  • Community Features: Community Pool
  • Amenities: Elevator(s), Barbecue, Bike Storage, Car Wash Area, Exercise Room, Fitness Center, Pickleball, Tennis Court(s), Trash Chute
  • Association: No
  • Pets Allowed: No

Association/Amenities

  • Association Amenities:Barbecue: 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: 10238.0
  • Tax Year: 2022

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

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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 $1,680,000 None Listed On Document
Warranty Deed $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: 2222497

APN: 73742501700