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:
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.
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.
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.
And, access to all the wonderful amenities of the Hutchinson Island Marriott resort in Indian River Plantation (details below).
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:
Bayview – Beachwalk – Dunes Club – Fairway Villas – Inlet Village – Lakeside – Ocean House – Ocean Terrace – Plantation Club Villas – Plantation House – River Village – Riverbend – Riverwood – Tennis Villas