NOT LISTED FOR SALE

902 Marina Villas Unit 902 Captiva, FL 33924

Estimated Value: $861,000 - $1,165,000

2 Beds
2 Baths
861 Sq Ft
4,966 Sq Ft Lot Lot

Sale Details

Date Sold: August 24, 2022

Last sale price $1,200,000 $1,394 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $6,959 / mo

42 Days on Market

Highlights

  • Home fronts navigable water
  • Pool
  • Gated Community
  • Sanibel Elementary School Rated A-
  • Bay View
  • Furnished

About This Home

As of August 2022

Unique opportunity to own in the 900 building at Marina Villas with direct views to Pine Island Sound. Excellent rental income history. Spacious and well designed two bedroom and two bath condominium. Improvements include a custom kitchen with wood cabinetry, breakfast bar with lots of extra storage, tile floor, and coastal decor. The lanai is perfectly positioned to watch the dolphins, manatees, osprey or yachts as they float by. Marina Villas amenities include a large pool, updated deck furniture, grills, laundry onsite, boat docks, golf cart parking and lush landscaping. A short walk to the beach or SSIR pool complex.

Last Agent to Sell the Property

Mary Ann Cowart

Royal Shell Real Estate, Inc. License #604658 Listed on: 06/18/2022

Royal Shell Real Estate, Inc.

Last Buyer's Agent

Mary Ann Cowart

Royal Shell Real Estate, Inc. License #604658 Listed on: 06/18/2022

Royal Shell Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,496

Year Built

  • Built in 1975

Lot Details

  • Home fronts navigable water
  • Property fronts a bayou
  • Gated Home

HOA Fees

  • $750 Monthly HOA Fees

Parking

  • Open Parking

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 861 Sq Ft Home
  • Furnished
  • Ceiling height between 8 to 10 feet
  • Single Hung Wood Windows
  • Sliding Windows
  • Combination Dining and Living Room
  • Screened Porch
  • Tile Flooring
  • Bay Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Pool

Utilities

  • Central Heating and Cooling System
  • Private Sewer

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 22-45-21-02-00001.0010

Community Details

Overview

  • Association fees include exter pest control, insurance bldg, irrigation, landscape/lawn, legal and accounting, manager, pool service
  • $250 Other One-Time Fees
  • Island Management Association, Phone Number (239) 395-1656
  • Marina Villas Community

Recreation

  • Community Pool

Pet Policy

  • Limit on the number of pets

Additional Features

  • Community Barbecue Grill
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,496

Year Built

Built in 1975

Lot Details

4,966 Sq Ft Lot

HOA Fees

$750 per month

Listing Details

  • Class: Condo
  • Property Type: Condo
  • Legal Description: MARINA VILLAS CONDO BLDG 1 OR 1106 PG 1881 APT 1
  • Strap Number: 22-45-21-02-00001.0010
  • Subject To F I R P T A: No
  • Year Built: 1975
  • Level: 1
  • Pet Limits: See Marina Villas Condominium Association for pet limits.
  • Pets: Limits
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Price Per S Q F T: 1393.73
  • Appliances: Dishwasher, Microwave, Range Electric, Refrigerator
  • Estimated Living Sq Ft: 861
  • Bathrooms: 2
  • Bathrooms Display: 2/0
  • Bedrooms: 2
  • Ceiling: 8 Ft Ceilings
  • Den: No
  • Fireplace: No
  • Floor: 1
  • Flooring: Tile Floor
  • Furnished: Yes
  • Furnishing: Fully Furnished, Exceptions
  • Windows: Single Hung, Sliding

Exterior Features

  • Misc Exterior: Const. Complete
  • Waterfront: Bayou, Navigable, No Bridge
  • Waterfront: Yes
  • Coastal Construction: Not Applicable
  • Pool: Yes
  • View: Bay

Garage/Parking

  • Parking: Open

Utilities

  • Sewer: Private
  • Water: City
  • Air Conditioner: Yes
  • Cooling: Central Air/Cooling
  • Heating: Central Heat
  • Security: Gated

Condo/Co-op/Association

  • Association Fees Disp: Y - $750/M
  • Association Fee: 750
  • Association Fee Period: Monthly
  • Association Right Of Refusal: Yes
  • Association Management: Island Management
  • Management Company Phone: 2393951656
  • Condo Amenities: Gated, Grills, Pool
  • Condo Name: Marina Villas
  • Fees Include: Exter Pest Control, Insurance Bldg, Irrigation, Landscape/Lawn, Legal and Accounting, Manager, Pool Service
  • Govern Bodies: Condo Association
  • HOA: Yes
  • Master Association Disp: $/
  • Members Right Of Refusal: No
  • Other Fees: 250
  • Other Fees Period: One Time

Lot Info

  • Geo Update Timestamp: 2022-06-18
  • Geo Address Line: 902 Marina Villas
  • Geo Match Code: 3
  • Geo Matched Method: 1
  • Geo Primary City: Captiva
  • Geo Quality: 1
  • Geo Subdivision: FL
  • Geo Zoom Level: 16
  • Lot Number: 1

Rental Info

  • Application Fee: 100
  • Application Required: Yes
  • Rent History: Seller's 2021 net income after SSIR resort commission and shared commission: $64,826
  • Rent Phone: 2394725111
  • Rent Type: Daily

Tax Info

  • Tax Amount: 7496
  • Tax Year: 2021

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2022
Closed on
Aug 24, 2022
Sold by
Bought by
Seller's Agent
Mary Ann Cowart
Royal Shell Real Estate, Inc.
Buyer's Agent
Mary Ann Cowart
Royal Shell Real Estate, Inc.
List Price
$1,375,000
Sold Price
$1,200,000
Premium/Discount to List
-$175,000
-12.73%
Current Estimated Value
$1,005,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$194,391
Avg. Annual Appreciation
-4.51%

Purchase Details

Listed on
Mar 16, 2015
Closed on
Jun 16, 2015
Sold by
Bought by
Seller's Agent
Mary Ann Cowart
Royal Shell Real Estate, Inc.
Buyer's Agent
Mary Ann Cowart
Royal Shell Real Estate, Inc.
List Price
$650,000
Sold Price
$620,000
Premium/Discount to List
-$30,000
-4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.62%
Original Mortgage
$417,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 1, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
7.12%

Purchase Details

Closed on
Nov 12, 1998
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,200,000 Ohalloran & Simmons Pllc
$620,000 Barrier Island Title Svcs In
$450,000 --
-- --
$385,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $417,000
Previous Owner $360,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2022 08/24/22 Sold $1,200,000 -12.7% $1,394 / Sq Ft
07/30/2022 07/30/22 Pending -- -- --
06/18/2022 06/18/22 For Sale $1,375,000 +121.8% $1,597 / Sq Ft
06/17/2015 06/17/15 Sold $620,000 -4.6% $720 / Sq Ft View Prior Sale
05/18/2015 05/18/15 Pending -- -- --
03/16/2015 03/16/15 For Sale $650,000 -- $755 / Sq Ft
Source: Sanibel & Captiva Islands Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $9,459 $685,729 -- $685,729
2024 $1,223 $66,544 -- $66,544
2023 $1,223 $66,544 $0 $66,544
2022 $8,694 $584,276 $0 $0
2021 $7,496 $531,160 $0 $531,160
2020 $7,499 $524,068 $0 $524,068
2019 $7,262 $503,880 $0 $503,880
2018 $7,284 $504,688 $0 $504,688
2017 $6,722 $454,623 $0 $454,623
2016 $6,773 $453,838 $0 $453,838
2015 $6,018 $394,100 $0 $394,100
2014 -- $385,800 $0 $385,800
2013 -- $371,000 $0 $371,000
Source: Public Records

Agents Affiliated with this Home

  • Mary Ann Cowart

    Seller's Agent in 2022

    Mary Ann Cowart

    Royal Shell Real Estate, Inc.

    (239) 851-6447

    48 in this area

    88 Total Sales

    Mary Ann Cowart
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Map

Source: Sanibel & Captiva Islands Association of REALTORS®

MLS Number: 2220477

Sanibel & Captiva Islands Association of REALTORS®

APN: 22-45-21-02-00001.0010

Florida Lee County Captiva 33924

902 Marina Villas Unit 902, Captiva, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Sanibel & Captiva Islands Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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