$4,300,000
SOLD OCT 28, 2022

Madeira Condos 350 S Collier Blvd Unit 703 Marco Island, FL 34145

3 Beds
3.5 Baths
3,539 Sq Ft
$2,089/mo HOA Fee

Recently Sold

$1,215 Per Sq Ft

110 Days on Market

Highlights

  • Beach Front
  • Community Beach Access
  • Clubhouse
  • Tommie Barfield Elementary School Rated A
  • Gulf View
  • Vaulted Ceiling

About This Home

As of October 2022

LOCATION, LOCATION, LOCATION...Fabulous beachfront residence in the Madeira. The 3937 sq ft open layout has three spacious bedrooms, 3 1/2 bathrooms, stunning views of the Gulf of Mexico and the City of Marco Island throughout. The residence offers a large chefs kitchen with a gas stovetop and a separate dining room with gorgeous views to entertain your guests. The two very spacious covered balconies offer stunning views of Marco's white sand crescent beach and world famous sunsets, the other lets you enjoy the beautiful sunrises Marco has to offer. The Madeira Condominium offers an impressive list of first-class amenities which include two tennis courts, a fitness room, a billiards room, theater, a beachside pool with a bar, BBQ grills and more. There is plenty of shopping, dining, a public theater and miniature golf nearby. To top it off, the world renown JW Marriott sits next door and offers many elegant dining options, a full service spa and a unique arcade for adults and kids to enjoy. Live like people vacation!

Last Agent to Sell the Property

Laura Adams

John R Wood Properties License #NAPLES-267510049 Listed on: 06/08/2022

John R Wood Properties

Last Buyer's Agent

Sean Brell

Coldwell Banker Realty License #FORT-258028035

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $24,936

Year Built

  • Built in 2006

Lot Details

  • Beach Front
  • Property fronts gulf or ocean
  • Southwest Facing Home

HOA Fees

  • $2,089 Monthly HOA Fees

Parking

  • 2 Parking Garage Spaces
  • Automatic Garage Door Opener

Home Design

  • Entry on the 7th floor
  • Turnkey
  • Concrete Block With Brick
  • Stucco
  • Tile

Interior Spaces

  • 3,539 Sq Ft Home
  • Vaulted Ceiling
  • Ceiling Fan
  • Electric Shutters
  • Sliding Windows
  • French Doors
  • Family Room
  • Combination Dining and Living Room
  • Home Gym

Kitchen

  • Breakfast Bar
  • Built-In Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dual Sinks
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

Outdoor Features

  • Balcony

Schools

  • Tommie Barfield Elementary School
  • Manatee Middle School
  • Lely High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 56317101002

Community Details

Overview

  • 101 Units
  • High-Rise Condominium
  • Madeira Condos
  • 16-Story Property

Amenities

  • Community Barbecue Grill
  • Trash Chute
  • Business Center
  • Community Library
  • Bike Room
  • Community Storage Space

Recreation

  • Community Beach Access
  • Exercise Course
  • Community Pool or Spa Combo

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Secure Elevator
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$24,936

Year Built

Built in 2006

Lot Details

0

HOA Fees

$2,089 per month

Parking

2

Listing Details

  • Legal Description: MADEIRA ON MARCO ISLAND A CONDOMINIUM UNIT 703
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$25.9299$-81.730033$90.54$13.33$1.00$CAoSLEFGMVFpcE43VFlHRzdCOHJCRTQ3TmpfUlQ3Z1B1VGpNUWNBR3ZCM1FVODhE
  • Building Design: High Rise (8+)
  • Storm Protection: Impact Resistant Doors, Electric Shutters
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 16

Interior Features

  • Furnished Description: Turnkey
  • Num Unit Floor: 7
  • Price Per Sq Ft: 1215.03
  • Total Floors: 16
  • Room Count: 7
  • Additional Rooms: Balcony, Exercise, Family Room, Laundry in Residence
  • Estimated Living Area: 3539
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Bedrooms: 3 Bed
  • Total Bedrooms: 3
  • Dining Room: Breakfast Bar, Living Dining
  • Elevator: Secured
  • Equipment: Auto Garage Door, Cooktop - Gas, Dishwasher, Disposal, Dryer, Microwave, Refrigerator/Freezer, Self Cleaning Oven, Smoke Detector, Wall Oven, Washer, Wine Cooler
  • Flooring: Carpet, Marble
  • Floor Plan: Split Bedrooms
  • Interior Amenities: Built-In Cabinets, Cable Prewire, Fire Sprinkler, Foyer, French Doors, Internet Available, Laundry Tub, Pantry, Smoke Detectors, Volume Ceiling, Walk-In Closet, Window Coverings
  • Primary Bathroom: Dual Sinks, Separate Tub And Shower
  • Windows: Impact Resistant, Sliding

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Tile
  • Construction: Concrete Block
  • Irrigation: Central
  • View: Gulf, Landscaped Area, Water
  • Exterior Features: Tennis Court
  • Exterior Finish: Stucco
  • Waterfront Type: Gulf Frontage, On the Gulf Beach

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2
  • Parking: 2 Assigned

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Management Company Phone: 239-389-4510
  • Approval: Buyer
  • Management: On-Site
  • Mandatory HOA: No
  • Restrictions: No Motorcycles, No RV
  • Sub Condo Name: MADEIRA
  • Condo Fees: 2089
  • Condo Fee Frequency: Monthly
  • Maintenance: Insurance, Irrigation Water, Lawn/Land Maintenance, Manager, Pest Control Exterior, Pest Control Interior, Reserve, Security, Sewer, Trash Removal

Association/Amenities

  • Pets: With Approval
  • Development: Marco Island
  • Amenities: BBQ - Picnic, Beach Access, Bike Storage, Business Center, Clubhouse, Community Pool, Community Room, Community Spa/Hot tub, Exercise Room, Extra Storage, Library, Sidewalk, Tennis Court, Theater, Trash Chute, Underground Utility
  • Community Type: Gated
  • Units In Building: 101
  • Total Number of Units: 101

Fee Information

  • Application Fee: 250.00

Schools

  • Elementary School: TOMMIE BARFIELD ELEMENTARY SCHOOL
  • Middle School: MANATEE MIDDLE SCHOOL
  • High School: LELY HIGH SCHOOL
  • Elementary School: Tommie Barfield Elementary School
  • High School: Lely High School
  • Middle School: Manatee Middle School

Lot Info

  • Builder Product: No
  • Lot Unit: 703
  • Section: 18
  • Total Area: 3937
  • Waterfront: Yes
  • Rear Exposure: Southwest
  • Lot Description: Regular
  • Parcel Number: 56317101002

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 1
  • Min Days Of Lease: 365

Tax Info

  • Tax Description: City And County
  • Taxes: 24935.90

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2022
Closed on
Oct 28, 2022
Sold by
Mathas Theodore A and Mathas Keryn N
Bought by
Jana A Carani Revocable Living Trust
Seller's Agent
Laura Adams
William Raveis-Florida, LLC
Buyer's Agent
Realtor Assoc. 06-Royal Palm Coast
Local Associations
List Price
$4,795,000
Sold Price
$4,300,000
Premium/Discount to List
-$495,000
-10.32%
Current Estimated Value
$4,652,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$352,987
Avg. Annual Appreciation
2.78%

Purchase Details

Listed on
Jan 12, 2013
Closed on
May 21, 2013
Sold by
Shaw Robert G and Coan Mary H
Bought by
Mathas Theodore A and Mathas Keryn N
Seller's Agent
Natalie Kirstein
John R. Wood Properties
Buyer's Agent
Laura Adams
Premier Sotheby's International Realty
List Price
$2,199,000
Sold Price
$2,140,000
Premium/Discount to List
-$59,000
-2.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%

Purchase Details

Closed on
Nov 4, 2008
Sold by
Shaw Robert G
Bought by
Shaw Robert G and Coan Mary H

Purchase Details

Closed on
Sep 18, 2006
Sold by
Marco Island Condominiums Llc
Bought by
Shaw Robert G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
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List Price
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 Type Sale Price Title Company
Warranty Deed $4,300,000 --
Warranty Deed $2,140,000 Attorney
Interfamily Deed Transfer -- None Available
Special Warranty Deed $1,800,000 Island Title Guaranty Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $180,000 Credit Line Revolving
Previous Owner $1,170,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $4,300,000 -10.3% $1,215 / Sq Ft
09/23/2022 09/23/22 Pending -- -- --
06/08/2022 06/08/22 For Sale $4,795,000 +124.1% $1,355 / Sq Ft
05/23/2013 05/23/13 Sold $2,140,000 -2.7% $605 / Sq Ft
03/29/2013 03/29/13 Pending -- -- --
01/12/2013 01/12/13 For Sale $2,199,000 -- $621 / Sq Ft
Source: Naples Area Board 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
2025 $33,921 $3,717,085 -- $3,717,085
2024 $34,432 $3,717,085 -- $3,717,085
2023 $34,432 $3,664,000 $0 $3,664,000
2022 $28,411 $2,535,027 $0 $0
2021 $24,936 $2,304,570 $0 $2,304,570
2020 $24,803 $2,304,570 $0 $2,304,570
2019 $25,270 $2,304,570 $0 $2,304,570
2018 $24,829 $2,219,510 $0 $0
2017 $23,389 $2,017,736 $0 $0
2016 $21,673 $1,834,305 $0 $0
2015 $19,341 $1,667,550 $0 $0
2014 $17,961 $1,530,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 222044560

Naples Area Board of REALTORS®

APN: 56317101002