Seller's Agent in 2024
Cheryl Rauch
Downing Frye Realty Inc.
(330) 310-4123
1 in this area
49 Total Sales
886 Park Ave Unit 502 Marco Island, FL 34145
Estimated Value: $526,000 - $814,000
3
Beds
2
Baths
1,622
Sq Ft
2004
Built
Highlights
- Penthouse
- Views of Preserve
- Great Room
- Tommie Barfield Elementary School Rated A
- Lanai
- Elevator
About This Home
As of April 2024BEST of both worlds that Marco has to offer! LOCATION of this 1650 sqft, 3 bedroom penthouse condo allows walking and biking to restaurants, shopping, marinas and Marco's beautiful Crescent Beach. INCOME of $25,502, confirmed for season 2024, covers all carrying costs plus more and still leaves time during season for owner to enjoy or rent, with 12 rental transfers available every year. The unobstructed views of the island from the 5th-floor penthouse are breathtaking. Two large sliders open to an oversized, 200 sqft balcony with views of Veterans Park, offering outdoor events, concerts and the popular farmer's market. The condo offers a spacious great room, high ceilings, oversized bedrooms, a large master closet, new AC 2023, and is tiled throughout. You, as an owner, will have an option for membership to Marco's private Residents Beach. This Condo is a unique MUST-SEE property that lets owners enjoy the relaxed feel of Florida's Paradise Coast and be within walking distance of food, entertainment and fun!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,075
Year Built
- Built in 2004
Lot Details
- South Facing Home
- Landscaped
HOA Fees
- $1,273 Monthly HOA Fees
Parking
- 1 Parking Garage Space
Home Design
- Penthouse
- Mid Level
- Entry on the 5th floor
- Concrete Block With Brick
- Stucco
- Tile
Interior Spaces
- 1,622 Sq Ft Home
- 1-Story Property
- Partially Furnished
- Shutters
- Double Hung Windows
- Entrance Foyer
- Great Room
- Family or Dining Combination
- Tile Flooring
- Views of Preserve
Kitchen
- Breakfast Bar
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- 2 Full Bathrooms
- Dual Sinks
- Shower Only
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
Outdoor Features
- Lanai
Utilities
- Central Heating and Cooling System
- High Speed Internet
- Internet Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 70960000280
Community Details
Overview
- 14 Units
- Roman Plaza Condos
- Marco Island Community
- Mandatory home owners association
Pet Policy
- No Pets Allowed
Additional Features
- Elevator
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 28, 2023
Closed on
Apr 22, 2024
Sold by
Pasch Terrence M and Terrence M Pasch Revocable Trust
Bought by
Kondic Slobodan Robert
Seller's Agent
Cheryl Rauch
Downing Frye Realty Inc.
Buyer's Agent
Beth Murphy
Compass Florida LLC
List Price
$649,000
Sold Price
$585,000
Premium/Discount to List
-$64,000
-9.86%
Views
93
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,012
Avg. Annual Appreciation
3.83%
Original Mortgage
$416,250
Outstanding Balance
$409,863
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$219,149
Purchase Details
Listed on
Oct 6, 2022
Closed on
Dec 27, 2022
Sold by
Bruno Andrew
Bought by
Terrence M Pasch Revocable Trust
Seller's Agent
Gregg Hanifin
RE/MAX Alliance Group
Buyer's Agent
Gregg Hanifin
RE/MAX Alliance Group
List Price
$639,000
Sold Price
$555,000
Premium/Discount to List
-$84,000
-13.15%
Views
105
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.07%
Purchase Details
Listed on
Jan 26, 2022
Closed on
Apr 11, 2022
Sold by
Dorothy A Bowe Pension Trust
Bought by
Bruno Andrew
Seller's Agent
Gara Ann Martin
Keller Williams Marco Realty
Buyer's Agent
Gregg Hanifin
RE/MAX Alliance Group
List Price
$525,000
Sold Price
$515,000
Premium/Discount to List
-$10,000
-1.9%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.95%
Purchase Details
Closed on
May 24, 2005
Sold by
Dufault Daniel J
Bought by
Dorothy A Bowe Pension Trust
Purchase Details
Closed on
Dec 15, 2004
Sold by
Dufault Daniel J and Dufault Denise
Bought by
Dufault Daniel J and D&D Realty Trust I
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kondic Slobodan Robert | $585,000 | None Listed On Document | |
| Kondic Slobodan Robert | $585,000 | None Listed On Document | |
| Terrence M Pasch Revocable Trust | $555,000 | Island Title | |
| Bruno Andrew | $515,000 | Jamie B Greusel | |
| Dorothy A Bowe Pension Trust | $545,000 | Marco Title Services Inc | |
| Dufault Daniel J | -- | Marco Title Services Inc | |
| Dufault Daniel J | -- | Marco Title Services Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kondic Slobodan Robert | $416,250 | |
| Closed | Kondic Slobodan Robert | $416,250 | |
| Previous Owner | Dufault Daniel J | $412,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/22/2024 04/22/24 | Sold | $585,000 | -7.0% | $361 / Sq Ft | |
| 02/02/2024 02/02/24 | Pending | -- | -- | -- | |
| 11/13/2023 11/13/23 | Price Changed | $629,000 | -3.1% | $388 / Sq Ft | |
| 09/28/2023 09/28/23 | For Sale | $649,000 | +16.9% | $400 / Sq Ft | |
| 12/28/2022 12/28/22 | Sold | $555,000 | -13.1% | $342 / Sq Ft | View Prior Sale |
| 10/06/2022 10/06/22 | For Sale | $639,000 | +24.1% | $394 / Sq Ft | |
| 04/11/2022 04/11/22 | Sold | $515,000 | -1.9% | $310 / Sq Ft | View Prior Sale |
| 02/19/2022 02/19/22 | Pending | -- | -- | -- | |
| 01/26/2022 01/26/22 | For Sale | $525,000 | -- | $316 / Sq Ft |
Source: Naples Area Board of REALTORS®
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 | $4,237 | $464,315 | -- | $464,315 |
| 2024 | $4,198 | $464,315 | -- | $464,315 |
| 2023 | $4,198 | $446,725 | $0 | $446,725 |
| 2022 | $3,075 | $282,310 | $0 | $0 |
| 2021 | $2,777 | $256,645 | $0 | $256,645 |
| 2020 | $2,678 | $248,850 | $0 | $248,850 |
| 2019 | $2,729 | $248,850 | $0 | $248,850 |
| 2018 | $2,736 | $248,850 | $0 | $248,850 |
| 2017 | $2,695 | $236,239 | $0 | $0 |
| 2016 | $2,479 | $214,763 | $0 | $0 |
| 2015 | $2,387 | $195,239 | $0 | $0 |
| 2014 | $2,083 | $177,490 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Cheryl Rauch
-
Lynn Seal
Seller Co-Listing Agent in 2024
Lynn Seal
Downing Frye Realty Inc.
(810) 691-6829
2 in this area
61 Total Sales
-
Beth Murphy
B
Buyer's Agent in 2024
Beth Murphy
Compass Florida LLC
(239) 393-1350
4 in this area
25 Total Sales
-
Gara Ann Martin
Seller's Agent in 2022
Gara Ann Martin
Keller Williams Marco Realty
(239) 860-8023
23 in this area
32 Total Sales
-
Gregg Hanifin
Seller's Agent in 2022
Gregg Hanifin
RE/MAX
(239) 253-7722
63 in this area
87 Total Sales
Map
Source: Naples Area Board of REALTORS®
MLS Number: 223070886
APN: 70960000280
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.
The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright 2026 M.L.S. of Naples, Inc. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.
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