861 Collier BLVD S, Marco Island, FL, 34145 | $925,000

This rare 3-bedroom end unit condo, steps from Marco Island's famed crescent beach, is the perfect investment or second home! A prime location just two blocks from South Beach access and three blocks from Marco Walk puts you in the heart of it all - restaurants, shops, and entertainment are just a stroll away. This beautifully appointed, turnkey unit allows for weekly rentals, maximizing your investment potential. Inside, find updated bathrooms, a spacious kitchen with coastal white cabinets, and a generous layout perfect for everyone. Step outside to enjoy sunrise coffee on your expansive 15x12 east-facing lanai, bright & cheerful days thanks to south-facing windows, and sunset cocktails on the screened west-facing lanai. The community offers a heated pool bathed in day-long sun, tennis, pickleball, BBQ areas, and an elevator for your convenience. Investors will love the weekly rental potential, lack of assessments, impact glass, no storm damage (plus an engineer's study for peace of mind!), meticulously maintained and HOA fees that include cable, internet, water, and public insurance. With an assigned carport and storage for beach toys, island life is a breeze. Don't miss this incredible opportunity!

Features

  • Building Design: Mid Rise (4-7)
  • Parking: 1 Assigned,Covered,Driveway Paved,Guest
  • Heating: Central Electric
  • Cooling: Ceiling Fans,Central Electric
  • Levels: 5
  • Amenities: BBQ - Picnic,Bike Storage,Community Pool,Internet Access,Pickleball,Sidewalk,Streetlight,Tennis Court,Trash Chute,Vehicle Wash Area
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 2 full
  • Complex: ESSEX OF MARCO ISLAND
  • Development: MARCO ISLAND
  • Year Built: 1991
  • Approx Sq. Feet: 1,186
  • Est. Taxes: $5,147
  • Condo Fee: $855 Monthly
  • Lot Desc: Zero Lot Line
  • View: Landscaped Area,Partial Gulf
  • Community Type: Non-Gated
  • Elem. School: TOMMIE BARFIELD ELEMENTARY SCHOOL
  • Middle School: MANATEE MIDDLE SCHOOL
  • High School: LELY HIGH SCHOOL
  • Pet Policy: Not Allowed
  • MLS#: 224098417
  • Website: https://www.raveis.com
    /prop/224098417/861collierblvds_marcoisland_fl?source=qrflyer
Copyright © 2024  The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright Southwest Florida MLS organizations. All rights reserved.
Courtesy of John R Wood Properties

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

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861 Collier BLVD S, Marco Island, FL, 34145

$925,000

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 $740,000 $740,000 $740,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.500% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.296% 6.622% 6.680%
Monthly Tax Payment $429 $429 $429
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,800 $4,677 $6,446
Total Monthly Payment $5,321 $5,198 $6,967

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.