Resort Villas December 2017 Market Report

By
Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Resort Villas December 2017 Market Report

For December 2017 there is only one condo available for sale in Resort Villas in the Indian River Plantation on Hutchinson Island in Stuart FL.  This condo is listed for $429,000 or $440.00 per sq. ft. of living area.

There is one condo under contract waiting to settle.  It was listed for $315,000 or $484.62 per sq. ft. of living area and was on the market for 72 days before going under contract.

In the past 12 months, 4 Resort Villas condos have sold.  Sales prices ranged from $302,500 up to $400,000 for an average sales price of $331,875 which works out to $467.84 per sq. ft. of living area.  These condos sold for an average of 93% of list price and went under contract in an average of 138 days after being listed.

About Resort Villas in Indian River Plantation in Stuart Florida:

Resort Villas in Indian River Plantation in Stuart Florida

The Resort Villas of Indian River Plantation consists of two four-story oceanfront elevator buildings that were built in 1977.  Each building consists of 40 condos with both 2 bedroom and 2 baths and 1 bedroom 1 bath.  Sizes range from 975 sq. ft. for the 2 bedroom condos to 650 sq. ft. for the 1 bedroom.  The buildings are called the Spoonbill and the Pelican.

Resort Villas in Indian River Plantation in Stuart Florida Resort Villas in Indian River Plantation in Stuart Florida

The Resort villas condos are very desirable because of the liberal rental rules allowing weekly rentals, making these condos an excellent investment opportunity, with many unit owners renting these for a few months during the high season to pay expenses and having the remainder of the year for their own use.

Resort Villas in Indian River Plantation in Stuart Florida Resort Villas in Indian River Plantation in Stuart Florida

Currently, the management and condo fees run from $410 to $475 per month depending on the building and unit size.  There is limited under building parking for some owners and reserved parking spaces for all.  A heated beachside pool is also available for exclusive use of the Resort villas residents. This is a pet-friendly building allowing for up to two large dogs.

Resort Villas in Indian River Plantation in Stuart Florida Resort Villas in Indian River Plantation in Stuart Florida

And, access to all the wonderful amenities of the Hutchinson Island Marriott resort in Indian River Plantation (details below).

Search here for Resort Villas Condos for sale

 

The Marriott Resort at Indian River Plantation Features:

Indian River Plantation consists of numerous condominium associations and buildings.  All styles from Oceanfront to Riverfront and Golf and Tennis villas can be found here.  IRP is associated and co-located with the Marriott Resort and Marina.

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island is a unique resort that greets guests with the warmth of true Southern hospitality.

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. Plantation East, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Resort amenities also include three heated pools with sundecks, game rentals from the Activities Hut, two outdoor spas and supervised activities for both children and teens.

Additional Indian River Plantation Condos you may wish to consider:
BayviewBeachwalkDunes ClubFairway VillasInlet VillageLakesideOcean HouseOcean TerracePlantation Club VillasPlantation HouseRiver VillageRiverbendRiverwoodTennis Villas

Resort Villas December 2017 Market Report

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Rainmaker
2,429,918
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Gabe. Judging by the last few posts, covering Hutchinson Island, I would say you are the authority. Enjoy the season!

Jan 13, 2018 03:54 AM #1
Rainmaker
4,009,505
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Good morning Gabe Sanders ....buyers and sellers should appreciate your research on Resort Villas on Indian River and call you for guidance with their purchase and/or listing...

Jan 13, 2018 04:40 AM #2
Rainmaker
3,286,712
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Gabe, sure would be sweet walking out the front door and be on the wonderful warm sand!  Great update for Resort Villas.

Jan 13, 2018 05:10 AM #3
Rainmaker
2,692,095
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Resort Villas units do not become available often with only 4 sold in 2017. Now is the perfect time to list or buy with Gabe!

Jan 13, 2018 05:45 AM #4
Ambassador
3,425,538
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

This is a good answer to where should a buyer invest in a vacation property. You are ready to help and serve. Have a good weekend, Gabe.

Jan 13, 2018 06:20 AM #5
Rainmaker
3,765,801
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Jan 13, 2018 07:09 AM #6
Ambassador
1,435,218
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Wowl look at that location. And views.  Resort Villas sound like a great condo complex to explore. I know you are the one to call to learn more, Gabe. D 

Jan 13, 2018 09:29 AM #7
Rainmaker
4,338,719
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Resort Villas condo sellers will be in good hands when they select you as their listing agent.

Jan 13, 2018 09:57 AM #8
Ambassador
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I've always wondered what season do resort villas and condos, in Florida, sell the best Gabe Sanders 

Jan 13, 2018 01:08 PM #9
Rainmaker
4,338,719
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Good morning, Gabe. We have very cold weather in Maryland and more retirees will be heading your way to find a home in the sun.

Jan 14, 2018 04:36 AM #10
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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