The detailed pending and closed sale report by condo, found below this introduction, was forwarded to you on 4/23/08. I wanted to take a minute to show you the latest pending sales in the high-end condo market on Marco Island. Two new pending sales in Belize at Cape Marco - Belize 703, Living area 2680 sq. ft., List price $1,598,000
- Belize 1605, Living area 3600 sq. ft., List price $2,699,000
One new pending sale in Madeira - Madeira #604, Living area 3303 sq. ft., List price $2,675,000
- This was the last available condo on the market in the "04" stack in Madeira. This stack offers panoramic views of Marco's Crescent Beach and the bulk of its square footage is found on western, or beachfront, part of the building.
Vera Cruz at Cape Marco - the pending sale is now back on the market. As activity in the high-end condo market continues, the most desirable condos, such as the "04" stack of Madeira, are depleted from the market. Hence, a missed opportunity for the "waiting buyer" to get exactly what he or she wants in our beautiful area of Southwest Florida. Take a look at my previous e-mail which provides a link to a recent Wall Street Journal article titled "America's wealthy see buying opportunities in sluggish real-estate market." Articles on buying opportunities in today's market continue to feed the recent increase in activity in the real estate market on Marco Island. Please don't hesitate to contact me with any questions on Marco Island real estate or the high-end condo market. I look forward to hearing from you soon, Natalie |
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Vera Cruz - Closed Sales - 10/1/07 to 4/22/08 | Apt | Bed | Bath | F | Living Area | List Price | Sale $ | List Dt | Sell Dt | | 1405 | 3 | 3.1 | U | 3268 | $1,799,900 | $1,600,000 | 3/30/2007 | 12/10/2007 | | 2004 | 3 | 3.1 | N | 3265 | $1,924,900 | $1,846,000 | 8/14/2007 | 3/25/2008 | | 1704 | 3 | 3.1 | U | 3265 | $1,940,000 | $1,750,000 | 10/8/2007 | 11/8/2007` |
Vera Cruz - Pending Sales | Apt | Bed | Bath | F | Living Area | List Price | List Dt | | 602 | 4 | 4 | U | 3846 | $1,995,000 | 10/6/2005 |
Belize - Closed Sales - 10/1/07 to 4/22/08 |
| Apt | Bed | Bath | F | Living Area | List $ | Sale $ | List Dt | Sell Dt | | 804 | 3 | 3.1 | U | 3104 | $1,589,000 | $1,450,000 | 12/20/2006 | 10/5/2007 | | 2008 | 4 | 4 | U | 4028 | $2,490,000 | $2,220,000 | 10/13/2005 | 11/16/2007 | | 1208 | 3 | 3.1 | U | 4028 | $2,495,000 | $2,400,000 | 12/8/2006 | 1/11/2008 | | Belize Pending Sale | | Apt | BR | TB | F | LV AR | List $ | List Dt | | 604 | 3 | 3.1 | F | 3104 | $1,695,000 | 11/1/2004 |
| Tampico at Cape Marco - Closed Sales since 10/1/08 | | Apt | Bed | Bath | F | Living Area | List $ | Sale $ | List Dt | Sell Dt | | 702 | 3 | 3 | F | 2060 | $1,195,000 | $1,090,000 | 10/25/2007 | 3/31/2008 | | 1105 | 3 | 3 | F | 2539 | $1,355,000 | $1,250,000 | 9/30/2006 | 2/8/2008 | | 1305 | 3 | 3 | P | 2539 | $1,449,000 | $1,190,000 | 1/1/2007 | 2/29/2008 | | Tampico at Cape Marco - Pending Sales | | Apt | Bed | Bath | F | Living Area | List$ | List Dt | | 502 | 3 | 3 | U | 2060 | $1,175,000 | 1/14/2007 | | 304 | 3 | 3 | T | 2340 | $1,195,000 | 11/12/2007 |
| Closed Sales since 10/1/08 | | Condo Name | Apt | Bed | Bath | F | Living Area | List $ | Sale $ | List Dt | Sell Dt | | MERIDA | 1103 | 3 | 2 | F | 1428 | $780,000 | $699,000 | 8/1/2007 | 4/18/2008 | | MONTERREY | 902 | 3 | 2 | U | 1820 | $825,000 | $785,000 | 6/14/2007 | 11/21/2007 | | MONTERREY | 1005 | 3 | 3 | F | 2112 | $1,150,000 | $1,025,000 | 4/28/2006 | 1/9/2008 | | COZUMEL | 1903 | 2 | 2.1 | F | 2102 | $1,595,000 | $1,400,000 | 3/2/2007 | 10/9/2007 | | Pending | Sales | | Condo Name | Apt | Bed | Bath | F | Living Area | List $ | List Dt | | MONTERREY | 903 | 3 | 2 | F | 1978 | $850,000 | 2/22/2006 | | MONTERREY | 1004 | 3 | 2.1 | N | 2112 | $1,030,000 | 10/17/2007 | | COZUMEL | 903 | 2 | 2.1 | F | 2102 | $1,495,000 | 10/8/2007 |
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