780 S COLLIER, #207, Marco Island, FL, 34145 | $1,795,000

Located on Marco Island's preferred southern beach, Somerset sits on a quiet site away from crowds & public beach accesses, yet close to 7 of the best restaurants on the island. Somerset provides an impressive gated entry drive, 2 heated pools, tennis courts, 2 BBQ areas, ocean view sunny fitness room, secure individual storage for gear, coolers & chairs at beach level, 2 private boardwalks to beach. outdoor showers, undercover assigned parking. New 2024 modern contemporary 'best on beach' appeal with exterior painting. Potential gross income over 100, 000 from rentals. . . get premium rents now and much more if you do a modern renovation. Few beach buildings allow weekly rentals & Somerset is the nicest. This is your great investment beach rental condo opportunity! Somerset has spectacular ocean views directly facing west. Private balcony for daily crimson gold & orange sunsets. . . and the elusive green flash! (yes its' real). Unit floor height equal to 3rd or 4th floor in many buildings This unit can be easily & quickly configured to a 3 bedroom from its current 2 + den layout. This is the only 2 bedroom + den layout in the building and larger than the standard 2 bedrooms for sale now. Size matters. Impact windows and doors. Newer insides - 2024 hot water, 2015 AC, replaced appliances in 2024- stainless refrigerator, oven, microwave. You can move in now & live here, rent it as is or remodel next summer to fabulous coastal & contemporary style. Unit had some upgrades done to counter tops, kitchen, lighting, wall art. Agent interest - a beneficial owner has a real estate license.

Features

  • Parking: Attached Carport, Detached Carport, Under Building Open
  • Heating: Electric, Central Heating
  • Cooling: Ceiling Fan(s), Central Air
  • Levels: 10
  • Amenities: Elevator(s), Barbecue, Bike Storage, Exercise Room, Fitness Center, Pickleball, Pool, Tennis Court(s), Trash ChuteCommunity Pool
  • Rooms: 2
  • Bedrooms: 2
  • Baths: 2 full
  • Complex: Somerset Of Marco Island Condo, The
  • Year Built: 1990
  • Approx Sq. Feet: 1,580
  • Est. Taxes: $11,765
  • View: Beach, Gulf
  • Water Front: Yes
  • Pets Allowed: No
  • Appliances: Oven, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Refrigerator With Ice Maker, Washer
  • MLS#: 2242235
  • Days on Market: 42 days
  • Website: https://www.raveis.com
    /prop/2242235/780scollier_marcoisland_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of Marco Island Area Association of REALTORS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing courtesy of Horizons by the Sea, INC   Phone: 239-394-8655

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NMLS Mortgage Loan Originator ID 16953

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780 S COLLIER, #207, Marco Island, FL, 34145

$1,795,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,436,000 $1,436,000 $1,436,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.620% 6.735% 6.806%
Monthly Tax Payment $980 $980 $980
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,314 $9,195 $12,608
Total Monthly Payment $10,419 $10,300 $13,713

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.