$1,749,000
$46K PRICE DROP

Estimated payment $10,742/month

Total Views 58,102
2 Beds
2 Baths
1,580 Sq Ft
$1,107 Price per Sq Ft

Highlights

  • Beach Front
  • Fitness Center
  • Coastal Architecture
  • Tommie Barfield Elementary School Rated A
  • Gated Community
  • Furnished

About This Home

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.

Listing Agent

Paul Tateo

Horizons by the Sea, INC License #0194442

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,765

Year Built

  • Built in 1990

Lot Details

  • Beach Front
  • Property fronts gulf or ocean
  • West Facing Home
  • Landscaped
  • Irrigation

Parking

  • Carport
  • Tuck Under Parking
  • Assigned parking located at #South 13

Property Views

Home Design

  • Coastal Architecture
  • Flat Roof Shape
  • Poured Concrete
  • Metal Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,580 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Combination Dining and Living Room
  • Storage
  • Security Gate

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Internet Available
  • Cable TV Available

Additional Features

  • Accessible Approach with Ramp
  • Balcony
  • In Flood Plain

Listing and Financial Details

  • Assessor Parcel Number 73742500345

Community Details

Overview

  • No Home Owners Association
  • Application Fee Required
  • $1,716 Maintenance Fee
  • Association fees include cable TV, ground maintenance, trash, internet, water, sewer
  • 122 Units
  • High-Rise Condominium
  • Somerset Community
  • Somerset Of Marco Island Condo, The Subdivision
  • Park Phone (239) 642-5888
  • Property managed by Island Oasis
  • The community has rules related to no truck, recreational vehicles, or motorcycle parking, no motorcycles, no recreational vehicles or boats
  • 10-Story Property

Amenities

  • Community Barbecue Grill
  • Trash Chute
  • Elevator

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site
  • Gated Community
  • High Impact Windows
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,765

Year Built

Built in 1990

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Somerset Of Marco Island Condo, The
  • Building Name: SOMERSET
  • Unit Levels: One
  • Year Built: 1990
  • Listing Information:Community: Marco Island
  • Listing Information:Subarea Type: Beach
  • Location Tax and Legal:Parcel Number: 73742500345
  • Location Tax and Legal:Tax Annual Amount: 11765.0
  • Location Tax and Legal:Tax Year: 2024
  • Location Tax and Legal:Land Lease YN: No
  • General Property Information:Condominium Name: SOMERSET
  • General Property Information:Stories Total: 10
  • General Property Information:Unit Floor: 2
  • General Property Information:Furnished: Furnished
  • General Property Information:Flood Plain: Yes
  • General Property Information:AC SqFt: 1580.0
  • General Property Information:Rear Exposure: West
  • General Property Information:Boat Dock: No
  • General Property Information:Community Pool: Yes
  • General Property Information:Pool Private YN: No
  • General Property Information:HOA YN: No
  • General Property Information:Application Fee: 150.0
  • General Property Information:Maintenance Fee Per Month: 1716.0
  • Contract Information:Management Firm: Island Oasis
  • Contract Information:Manager Phone: 239-642-5888
  • General Information Details:Number Of Units Total: 122
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Approval:Application Fee3: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Floor:Tile: Yes
  • Hot Sheet:Condominium: Yes
  • Maintenance Includes:Cable TV: Yes
  • Maintenance Includes:Irrigation: Yes
  • Maintenance Includes:Landscaping: Yes
  • Maintenance Includes:Management: Yes
  • Maintenance Includes:Trash: Yes
  • Restrictions:No BoatTrailer: Yes
  • Restrictions:No Motor Home: Yes
  • Restrictions:No Motorcycles: Yes
  • Restrictions:No TrucksRvs: Yes
  • Primary BedroomBath Description:Combination BathShower: Yes
  • Dining Area:Dining-Living Room: Yes
  • Roof:Metal: Yes
  • Primary BedroomBath Description:Double Vanity: Yes
  • View:Gulf: Yes
  • Levels:One: Yes
  • Floor:Carpet: Yes
  • Maintenance Includes:Sewer: Yes
  • Maintenance Includes:Water: Yes
  • Security Features:Security Gate: Yes
  • Maintenance Includes:InternetWifi: Yes
  • Pets Allowed:No: Yes
  • Unit Design:High Rise: Yes
  • View:Beach2: Yes
  • Roof:Flat: Yes
  • Architectural Style:Coastal: Yes
  • Special Features: VirtualTour
  • Stories: 10

Interior Features

  • Furnished: Furnished
  • Appliances: Oven, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Refrigerator With Ice Maker, Washer
  • Accessibility Features: Accessible Approach with Ramp
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Concrete, Tile
  • Interior Amenities: Assigned Storage Space, Double Vanity
  • Living Area: 1580.0
  • Stories: 10
  • Window Features: Impact Doors, Impact Windows
  • Appliances Dishwasher: Yes
  • Appliances:Oven: Yes
  • Appliances:Range3: Yes
  • Appliances:Refrigerator With Ice Maker: Yes
  • Security Features:Gated Community: Yes
  • Interior Features:Assigned Storage Space: South 7

Exterior Features

  • Pool Private: No
  • View: Beach, Gulf
  • Waterfront Features: Beach Front, Gulf Front
  • Waterfront: Yes
  • Construction Type: Concrete Block Structure, Stucco, Poured Concrete
  • Exterior Features: Balcony
  • Roof: Metal, Flat
  • Construction Materials:Concrete Block Structure: Yes
  • Construction Materials:Stucco: Yes
  • Exterior Features:Balcony: Yes
  • Waterfront Features:Gulf Front: Yes
  • Window and Door Features:Impact Doors: Yes
  • Window and Door Features:Impact Windows: Yes
  • Construction Materials:Concrete: Yes
  • Construction Materials:Poured Concrete: Yes
  • Accessibility Features:Accessible Approach with Ramp: Yes
  • Waterfront Features:Beach Front: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Attached Carport, Detached Carport, Under Building Open
  • General Property Information:Garage Spaces: 1
  • Parking Features:Assigned Parking Space2: South 13
  • Parking Features:Attached Carport: Yes
  • Parking Features:Under Building Open: Yes
  • Parking Features:Detached Carport: Yes

Utilities

  • Security: Security Gate, Gated Community
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Central Heating
  • Heating Yn: Yes
  • Heating:Central Heating: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Community Pool
  • Amenities: Elevator(s), Barbecue, Bike Storage, Exercise Room, Fitness Center, Pickleball, Pool, Tennis Court(s), Trash Chute
  • Association: No
  • Pets Allowed: No

Association/Amenities

  • Association Amenities:Barbecue: Yes
  • Association Amenities:Pool: Yes
  • Association Amenities:Fitness Center: Yes
  • Association Amenities:Pickleball: Yes
  • Association Amenities:Tennis Court(s): Yes
  • Association Amenities:Exercise Room: Yes
  • Association Amenities:Bike Storage: Yes
  • Association Amenities:Trash Chute: Yes
  • Association Amenities:Elevator(s): Yes

Fee Information

  • Association Fee Includes: Cable TV, Maintenance Grounds, Trash, Internet, Water, Sewer

Lot Info

  • Land Lease: No
  • Parcel #: 73742500345

Multi Family

  • Number Of Units In Community: 122

Tax Info

  • Tax Annual Amount: 11765.0
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $11,035 $1,032,372 $0 $0
2022 $10,431 $938,520 $0 $0
2021 $9,232 $853,200 $0 $853,200
2020 $8,706 $808,960 $0 $808,960
2019 $8,663 $790,000 $0 $790,000
2018 $8,424 $766,300 $0 $766,300
2017 $8,092 $726,800 $0 $726,800
2016 $8,020 $711,000 $0 $0
2015 $7,764 $660,440 $0 $0
2014 $7,045 $600,400 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2025 02/20/25 Price Changed $1,749,000 -2.6% $1,107 / Sq Ft
11/12/2024 11/12/24 For Sale $1,795,000 +21.7% $1,136 / Sq Ft
12/28/2023 12/28/23 Sold $1,475,000 +1.7% $934 / Sq Ft
12/13/2023 12/13/23 Pending -- -- --
12/06/2023 12/06/23 For Sale $1,450,000 -- $918 / Sq Ft
Source: Marco Island Area Association of REALTORS®

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,475,000 First Title & Abstract
Warranty Deed $335,000 --
Warranty Deed $339,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $271,200 No Value Available
Source: Public Records

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Source: Marco Island Area Association of REALTORS®

MLS Number: 2242235

APN: 73742500345