by Dan Boyle
on Tuesday, May 12th, 2015 at 9:31am.
We just sold a fantastic unit in Tower 3 of South Seas. If you're not familiar with South Seas, it is one of the only gated communities on Marco Island. Behind the gates are evrything you could ever want in a beach condo. Obviously, there's the beach, but it's where on the beach it is that makes it special. You're located at the north end, facing southwest. You not only get a view of the full lenth of Marco Beach, but you can relax on your lanai and soak in the sunset every evening. There's a lot to love about South Seas.
Besides the beach, there's boating, too. That's, right. South Seas is the only development to offer the beach and boat docks on one property. You can lease a dock year-round or just for your visit. When you're not on the beach or your boat, you'll find well-maintained amenities like tennis courts, several swimming pools, shuffleboard, horseshoes and a dozen others to enjoy.
This particular two bedroom condo sold for $436,840 (public record). This number represents tremendous value for the dollar, too. Prices like this are disappearing on Marco Beach and for good reason. The market took a beating from 2006 through 2010 and the recovery has begun. Condos and Marco Island real estate in general was severely "oversold" as they say in the stock market. We are still below fair value but the days of buying homes and condos here at a discount to true value will be coming to a close in the near future. Call us for more information on this.
Located in Tower 3, this unit can be rented on a weekly basis. Most condos on Marco Island have minimum rental periods of 30 days. If you're an investor, this can limit your ability to maximize your rental income. Since both Towers 3 and 4 in South Seas are in the small group of buildings allowing short rentals, they are in demand, even in our slow season.
If you're interested in what properties on Marco Island make the best investments, give us a shout. For a list of hot deals, click here.