480 Collier Blvd 1007 | Sold - $492,000

MARCO ISLAND, FL 34145 | 1 Beds, 1 Baths, 500 Sq. Ft.

This is a rare opportunity to own a solid income producing property. Uniquely boasting unobstructed views of the Gulf both north and south, this 10th floor suite is amongst the most desirable in this top ranked AAA Four-Diamond resort. This upper floor suite is in the exclusive "Full Expansive Gulf View" category which yields nightly rates up to 40% higher than other categories. Enjoy passive income as all reservations, bookings, guest services, bookkeeping, & maintenance is handled though the on-site program. The owner has already paid $25,000 assessment for a full suite renovation. The renovations, scheduled to be completed by October 2016, feature new furniture, carpeting, wall coverings, televisions, etc. This property boasts occupancy levels well above industry averages. A strong management team maintains near full occupancy and even stays well booked in summer months hosting weddings, conventions, corporate retreats, weekend getaways, etc. In an environment where reliable passive income opportunities are far and few between this is a standout investment opportunity. Categorized as condo-hotel ownership, should you desire, enjoy the resort property for your own personal use.

Essential Information
  • MLS® #216056650
  • Price Per SqFt$984
  • Bedrooms1 Bed
  • Bathrooms1.00
  • Full Baths1
  • Square Footage500
  • FurnishedTurnkey
  • Acres0.00
  • Year Built2001
  • TypeResidential
  • Sub-TypeHigh Rise (8+), Condo
  • Building DesignHigh Rise (8+)
  • Garage Spaces0.00
  • Rear ExpW
  • Unit Floor10
  • Total Floors12
  • ElevatorCommon
  • Ownership DescCondo
  • StatusSold
  • Closed DateOctober 20th, 2016
  • Foreclosed (REO)N
  • Potential Short SaleN
  • Taxes$3,596
Community Information
  • Address480 Collier Blvd 1007
  • AreaMI01 - Marco Island
  • CountyCollier
  • StateFL
  • Zip Code34145
  • Community TypeCondo/Hotel
  • Special Assess$0
  • HOA Fee$0
  • Master HOA Fee$0
  • Mandatory Club Fee$0
  • Condo Fee$2,245
  • Condo Fee FrequencyQuarterly
  • MaintenanceCable, Insurance, Internet/WiFi Access, Irrigation Water, Lawn/Land Maintenance, Legal/Accounting, Manager, Pest Control Exterior, Pest Control Interior, Repairs, Sewer, Trash Removal, Water
  • PetsNot Allowed
  • Min. Days of Lease365
  • Num of Leases/Yr1
  • AmenitiesBeach - Private, Beach Access, Beach Club Available, Bike And Jog Path, Business Center, Cabana, Community Pool, Community Spa/Hot tub, Concierge Services, Exercise Room, Extra Storage, Full Service Spa, Golf Course, Internet Access, Marina, Private Beach Pavilion, Restaurant, Sauna, Shopping
  • ViewGulf, Pool/Club, Water
  • Is WaterfrontYes
  • WaterfrontOn the Gulf Beach
  • Boat AccessNone
  • Interior FeaturesBuilt-In Cabinets, Fire Sprinkler, Foyer, High Speed Available
  • FlooringCarpet, Marble
  • HeatingCentral Electric
  • CoolingCeiling Fans, Central Electric
  • ExteriorStucco
  • Exterior FeaturesGazebo
  • Lot DescriptionSee Remarks
  • WindowsSliding
  • RoofBuilt-Up or Flat
  • ConstructionConcrete Block
School Information
Price History
Date Details Price Change
Sold (from Active)
Price Reduced (from $499,000) $492,000 $7,000 (1.40%)
Listing Office: Nardi Realty

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