The high-end condo, beachfront market continues to show signs of movement in the mid-summer market, a traditionally slower selling season. The high-end, beachfront condo market experienced a surge in activity at the end of season and post-Easter. We continue to see some activity in the high-end condo market with the recent addition of a pending sale in Cozumel.
What is a pending sale? A pending sale represents a property that is under contract or pre-closing process. During the pending process, Buyers perform all tasks necessary for the closing such as home inspections, appraisals, title searches (by selected title company), attorney review, 1031 paperwork, and financing/cash.
I have included some additional information for your review in this market update - the list price range and sales statistics since October 1st, 2006. Please don't hesitate to contact me if you have any questions.
Cozumel - Stunning beachfront views of Marco Island's crescent beach in the exclusive Cape Marco community. Enjoy the spacious social area and exercise rooms that overlook the beach.
Pending Sale
ST | Condo Name | Apt | Bed | Bath | Rear View | F/U/T | Living Area | List$ | List Date |
Pending Sale | 2205 | 3 | 3 | SW | Turnkey | 2943 | $1,999,000 | 09/10/2006 |
Closed Sales since 4/1/07
ST | Condo Name | Apt | Bed | Bath | Rear View | F | Living Area | List Price | Sale $ | List Date | Sell Date |
706 | 3 | 3 | SW | Negotiable | 2632 | $1,475,000 | $1,330,000 | 06/16/2006 | 04/02/2007 | ||
1206 | 3 | 3 | E | Furnished | 2633 | $1,695,000 | $1,595,000 | 09/19/2005 | 04/06/2007 | ||
703 | 3 | 2 | W | Furnished | 2102 | $1,695,000 | $1,400,000 | 02/04/2004 | 04/30/2007 |
List Price Range: $1,645,000 to $3,500,000
# Sales since 10/1/06: 5 sold ranging from $1,330,000 to $2,100,000
Vera Cruz - Contemporary flair in the exclusive Cape Marco community. Beach views, luxury amenities, and quality lifestyle in this beachfront condo built in 2005.
Pending Sales
ST | Condo Name | Apt | Bed | Bath | Rear View | F | Living Area | List Price | List Date |
1603 | 4 | 4 | W | Unfurnished | 3830 | $1,995,000 | 07/24/2006 | ||
1703 | 4 | 4 | W | Unfurnished | 3830 | $1,995,000 | 03/30/2007 | ||
2406 | 4 | 3 | NW | Partially Furnished | 4228 | $3,699,999 | 07/01/2006 |
Closed Sales since 4/1/07
ST | Condo Name | Apt | Bed | Bath | Rear View | F | Living Area | List Price | Sale $ | List Date | Sell Date |
1002 | 4 | 4 | W | Unfurnished | 3846 | $1,999,000 | $1,875,000 | 08/26/2006 | 06/08/2007 | ||
2104 | 3 | 3 | W | Unfurnished | 3264 | $2,095,000 | $1,950,000 | 01/13/2004 | 06/15/2007 | ||
1903 | 4 | 4 | W | Unfurnished | 3830 | $2,500,000 | $2,200,000 | 04/28/2005 | 06/14/2007 |
List Price Range: $1,799,900 to $6,950,000
# Sales since 10/1/06: 8 sold ranging from $1,550,000 to $2,200,000
Madeira - The pinnacle of luxury with world class amenities and European elegance. A true gem for beachfront condo living. This luxury condo was built in 2006.
Pending Sales
ST | Condo Name | Apt | Bed | Bath | Rear View | F | Living Area | List Price | List Date |
1003 | 3 | 3 | W | Unfurnished | 3539 | $1,999,000 | 03/23/2007 | ||
1104 | 3 | 3 | SW | Unfurnished | 3303 | $2,430,000 | 10/20/2006 |
Closed sales since 4/1/07
ST | Condo Name | Apt | Bed | Bath | Rear View | F | Living Area | List Price | Sale $ | List Date | Sell Date |
702 | 3 | 3 | W | Unfurnished | 3485 | $1,975,000 | $1,775,000 | 03/30/2007 | 06/29/2007 | ||
804 | 3 | 3 | W | Unfurnished | 3303 | $1,990,000 | $1,850,000 | 09/27/2006 | 04/27/2007 | ||
503 | 3 | 3 | W | Unfurnished | 3539 | $1,995,000 | $1,850,000 | 03/22/2007 | 05/01/2007 | ||
705 | 3 | 3 | W | Unfurnished | 3539 | $2,250,000 | $2,220,000 | 03/02/2007 | 05/21/2007 | ||
404 | 3 | 3 | W | Unfurnished | 3303 | $2,330,000 | $2,100,000 | 01/10/2007 | 05/31/2007 | ||
1206 | 4 | 4 | W | Unfurnished | 4856 | $4,100,000 | $3,393,750 | 10/25/2006 | 06/14/2007 |
List Price Range: $1,600,000 to $6,795,000
# Sales since 10/1/06: 15 sold ranging from $1,650,000 to $3,393,750
When buying or selling property on Marco Island,
contact the Marco Island's Luxury Leader for Real Estate,
Natalie Kirstein
Exceeding the expectations for Luxury Buyers and Sellers on Marco Island!
Comments(0)