Marco Island is all about the water and what better way to take advantage of it than a waterfront condo. Sailing adventures, exciting deep-sea fishing, and snorkeling along the Gulf Coast are pastimes you have to experience.
Waterfront condos make great homes for year-round living and great investments for the part-time Marco Island residents. Below we've listed some of Marco Island's waterfront condos. Some have boat slips, some don't. If you are looking for a home with a boat slip, visit our pages dedicated to them, Marco Island Boat Condos and Marco Island Waterfront Homes.
On Marco Island, waterfront condos are found primarily on the South End, in Old Marco on the north side and in the gated community of South Seas.
Enjoying all the sun, fun, nature, and culture of Marco Island is even more appealing when you have a lovely place to call home. It is even mo-betta when your home is on the water and you do not have to travel far to get wet. Browse the listings below and feel free to contact us for any specific information. One of our waterfront experts will be happy to help in any way they can.
Desirable South End Location With Direct Access To The Gulf Of Mexico. First Floor 2 Bedroom, 2 Bath, With A Spacious Living Area, And A Nice Screened In Lanai . The White Sandy Beach Is Located Just A Few Blocks Away.
Financing a waterfront condo on Marco Island is straight-forward. It really isn't fundamentally different than mortgaging any other residential real estate. All the same criteria that applies when buying a second home would apply here.
You'll likely have to put 20% down, although we've seen less. Occasionally, it'll take 30% to get it done. The variation might be based on a credit glitch or some anomaly with the condo itself. This is why we usually recommend choosing a local mortgage company. For example, if your bank, upon examining the condos bookkeeping, decides that the reserve account is under funded, it may require a 30% down payment. It's last minute changes like this that led us to start discouraging our clients from using their familiar bankers up north.
The only exception to our recommendation that our clients use a local bank or mortgage company, is the internet mortgage companies. Now, they all can't be good. However, we've heard nothing but high praise of Quicken Loans since we started recommending them. We're currently trying a couple others and we should have a variety of them to recommend.
As always, we get no compensation for recommending vendors (other than competent, smooth service). If the vendor makes our customers are happy, we recommend them. If they make our customers mad or jeopardize their interests, they are summarily waterboarded.
Waterfront Condo Insurance
The price of the condo might be attractive but you'll go broke insuring one in "Hurricane Alley." Not really. You really don't have to worry about "hurricane insurance' as it's often called. Every condo complex on Marco Island carries master policies that include wind and flood insurance. You'll chip in for this coverage via your maintenance fee. While insurance makes up the largest piece of the maintenance fee pie, its actually quite reasonable. That's one of the basic benefits of condo ownership. Expenses get spread out.
Your unit, at least the inside of it, will be your responsibility. You'll probably want liability coverage and everything else that goes with you typical homeowner's policy. With a condo, we refer to this as an HO-6 policy. You can purchase these through any insurance agent. Generally, you can expect to pay about a dollar a foot per year for your HO-6 policy.
We strive to have all the answers for our clients. If you'd like more information on waterfront condo insurance, contact us. We'd be happy to recommend a good agent if you need one. Of course, we never receive compensation of any kind from any vendor we recommend. If they've made our customers happy, we recommend them..
We created the waterfront comparison chart to give you the important facts on each condo in one place. You can compare condo fees and make sure the condo you like will fit your budget or investment parameters.
Most people that have never owned a condo, get sticker-shock when they see some of the condo fees. Itemized, they're really not that bad. When you account for wind and flood insurance, lawn maintenance, landscaping, building maintenance, seawall maintenance and half-a-dozen other things like cable TV, you might even think they're cheap.
One thing to remember about maintenance fees is what they might refer to as discounting on the stock markets. That is, the market, the buyers of condos on Marco Island in this case, take fees into account when shopping. This means that any condo that might have an unusually high condo fee, gets hit for it, so to speak. The fee is "discounted" or factored in to the offer. In some cases, you may get much more condo if the fee is perceived as too high.
Don't sweat this topic or any other too much. When we get together, we'll go over everything is as much detail as you can stand.
Pet Friendly Waterfront Condos
Another great use of Waterfront Condo Comparison Chart is the "Pets" column. Pets are popular these days. If you have one, you need a condo that can accommodate pets. With half of the condos prohibiting them, your selection is reduced, but the chart will make your search a little easier. Some of the condos that allow pets may have further restrictions that we don't have room to explain here. When you contact us, let us know what kind of pet you have and we'll point you in the right direction.
Strolling down our wide sidewalks is a popular pastime on Marco Island. The scenic Collier Blvd. makes a great place to walk your dog.
Waterfront Condos as Investments
The waterfront and boat condos make great investments for those looking to offset the costs of ownership with some rental income. Snowbirds love these things and they're very easy to keep rented throughout the winter season.
As with beach condos, investors looking for maximum income gravitate to complexes that allow the shortest rental period. Most waterfront condos require rentals be at least 30 days. This is perfectly fine for the high season. Many tenants will book your unit for a solid three or four months. Rentals in the other seasons may be less than an investor might require.
For maximum rental potential, go with a condo that allows weekly rentals like Angler's Cove or Mirage. This will allow you to book rentals in the summer, when families look for a place to spend a week's vacation. Even better is a condo that allows daily rental. Riverside and Old Marco will allow you to book your unit with maximum flexibility.
If cash flow is your priority. let's look at some waterfront homes, too. The return on these can be better than anything.
If a waterfront condo has a boat dock, we call it a boat condo. Condos may be offered with common docks, deeded docks, assigned docks or rental docks. A common dock often is not intended for boat storage. They are simply for temporary parking. Deeded docks are, as you'd assume, deeded to you when you purchase the condo. In some cases, you can sell your deeded dock separately from your unit, to someone that owns a condo in the complex. Assigned docks are, for all practical purposes, the same as deeded docks. The assigned dock is assigned to your unit and you'll have sole access to it while you own.
Five Things to Know
The waterfront condos on Marco Island are strategically placed to allow quick access to the Gulf of Mexico. There are no waterfront condos that have more than a 20 minute ride to the Gulf and many are five minutes away.
Snook Inn, known for Grouper sandwiches and cold beer has plenty of boat parking and they'll cook up your catch after a successful day of fishing.
The dozens of waterfront condos on the South End are located on quiet cul-de-sacs and make for perfect getaways even if you're not a boater.
The waterfront condos located along the southern edge of the island are many times chosen over beach condos because the wildlife watching is so incredible. Dolphin families cruise by every day and pelicans dive for breakfast here every morning.
Smokehouse Bay condos have incredible views, too. The famous Esplanade is here along with a dozen others. Not all of the waterfront condos in Smokehouse Bay have private docks.
You see Clam Bay every time you drive down Collier Blvd. The properties here are "water-indirect" which just means you'll have to go under a bridge to get to the Gulf. The gated community of South Seas, including South Seas East and South Seas North, occupies most of the real estate on the southwest side of the Bay, but Sussex has a nice corner of it, as well. You rent your boat dock in South Seas but they're very reasonable and availability isn't a problem.
The South End is where most waterfront condos are located. Along Caxambas Pass, there are great high-rise condos like Belize and Shipp's Landing. If boating and fishing are your thing, deeded boat docks are everywhere on the Southend. Take your pick. Eagle Cay is a popular condo but there are dozens of great boat condos to choose from.
Need a little help? No worries! Just drop us a note in the form below and we'll take care of everything.
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