Category Archives: Market News

MARCO ISLAND FLORIDA 2nd Quarter 2018 Real Estate Market Update

Marco Island, 2nd Quarter 2018 Real Estate Market Update

There was a 8% decrease in the number of homes sold in 2018 compared to 2017. Average home prices were mixed over the past 12 months with water direct homes up 2% , water indirect down 7% and Inland homes up 14%.  Over the last 12 months the average water direct lot sale price was up 5%, indirect lot average prices were down 1%, and Inland lot prices were down an average of 3%.  Total home units sold in 2018 versus the same period in 2017 were down 14, with 6 fewer water indirect, 6 fewer water indirect, and 2 fewer inland homes sold.  Total lot units sold in 2018 versus the same period in 2017 were down 21, with 6 fewer water direct, 8 fewer water indirect, and 7 fewer inland lots sold.  Total condo units sold in 2018 versus the same period in 2017 were down 9, with 16 fewer beach/gulf, 12 more waterfront, and 5 fewer inland condos sold. Overall, Inventory levels are down 9% from last year, with the number of pending units on July 1,2018 also down  by 6% compared to July 2017.  Call the Walter Team for the Best Deals and Steals !

MARCO ISLAND HAS IT ALL

 

Located in the Gulf of Mexico and just a short ride from the Florida Everglades, Marco Island has long been a hot spot for travelers from all over the world. Whether you’re looking for white sand beaches, world-class golf courses, or top-notch shopping and entertainment, there’s no shortage of fun things to do. We’ve rounded up some of the best activities and attractions to check out during your stay. Here are our top recommendations.

 

Beaches and parks

Collect shells with the kids

Voted as one of the prettiest stretches of coastline in the region, Marco South Beach is a must-visit if you’re looking for things to in Marco Island. It has soft white sand and clear warm water so it’s perfect for swimming and sunbathing, and it’s great for beach games and water sports too. The shore is littered with all kinds of seashells making it an ideal spot for shell collecting, or you can go wildlife spotting along the powdery sand dunes. The walkway to the beach is lined with palm trees and is backed by a number of cafés, restaurants and hotels. Don’t worry about the tourist crowds here; they tend to head to Marco’s livelier beaches.

Sail to a nature preserve

Keewaydin Island (or Key Island as it is known locally) is an 8-mile-long nature preserve located just a short boat ride from Marco Island’s northern tip. A popular spot for beachgoers and boaters alike, the island is home to an abundance of sandy beaches and winding mangroves, as well as a wide variety of wildlife including birds, deer, iguana and turtles. You can spend the day splashing, sunning, shelling or fishing, or you can explore the island by boat or kayak, spotting dolphins, manatees, shore birds and other sea life along the way. While the only way to reach Keewaydin Island is by boat, there are various options to choose from. You can take an express water shuttle with a variety of departure and return times, or you can rent boats or jet skis from one of the many water sports rental providers in Marco Island.

Buy a burger from a food boat

If you’re spending an entire day at Keewaydin Island, you can pack a picnic or you can cook up meals in the designated BBQ areas. Alternatively you could stop by one of the many ‘food boats’ that dock on the shoreline, serving ice cream, burgers, beers and soft drinks straight from the boat.

Sunbathe on a pristine beach

One of the most popular beaches in Marco Island, Tigertail Beach has pristine sands and a range of great facilities including changing rooms, BBQ grills, a snack bar, a kid’s playground and a water sports outlet that rents kayaks, SUP boards and other beach gear. This well-maintained part of the beach faces onto a vast saltwater lagoon which is shallow enough for kids to safely swim and splash around.

Wade across a blue lagoon

Tigertail Beach may have a beautifully developed beach area but if you cross the lagoon, you leave development behind. On the other side there are lush mangroves filled with schools of small fish, and unspoilt beaches with powdery soft sands and scads of shells lining the shore. You can cross the lagoon by kayak or paddle board, or if you fancy a slightly squelchy adventure you can wade across perfectly safely, even with little ones in tow.

Shopping and spas

Head to Downtown Marco Island

If you’re looking for places to go shopping in Marco Island, you’ll find a multitude of shops, malls and outlets that go way beyond selling just beachwear. Downtown Marco Island is home to most of the main shopping plazas where you’ll find a good variety of malls, boutique stores and spas, as well as a number of top dining and nightlife options.

Hit the malls

The Marco Walk Plaza is one of the best known shopping malls in the Downtown Marco Island area and is home to clothing stores, restaurants, a beauty parlor and a movie theatre. For a more upscale vibe head to the Esplanade district where you’ll find an Italian-style shopping village consisting of designer boutiques, fine-dining restaurants and the picturesque marina.

Relax at a spa

If you seek a little rest and relaxation there are some great spas in and around the island. The Spa at JW Marco Island offers a full range of spa and salon treatments including massages, nail services, hair styling, waxing and electrolysis.

Go shopping in Naples

If you’re happy to head slightly further afield for shopping, the area of Naples is just a short drive away. In Naples you’ll find many first-rate shopping destinations including the downtown Fifth Avenue South and Third Street South shopping districts, as well as Tin City, the Coastland Mall, Waterside Shops and the Village on Venetian Bay.

Get discounts on designer goods

Another popular spot for shopping is the Naples Outlet Center which is home to dozens of discount stores selling clothing, shoes, home ware and travel accessories.

Stock up at a farmers’ market

The Farmers’ Market in Marco Island is one of the largest open markets in Southwest Florida. The market is located at Veteran’s Park in the heart of Marco and runs from November through April. You can stock up on a variety of fresh fruit, vegetables, flowers and meats as well as pastas, sauces, baked items and more. There are also many stalls selling handmade arts and crafts. The market takes place every Wednesday morning.

Fun and entertainment

Catch a movie at the mall

When you’ve had your fill of shopping, why not end the day with a movie at the mall? Located at the Marco Walk Plaza, Marco Movies is a unique film and food theater where you can catch all the latest releases whilst enjoying casual American eats served by the venue’s friendly wait staff. One of the top-rated things to do in Marco Island at night, this 3-screen theater is open every evening, and screens a variety of first-release movies.

Play a game of mini golf

A popular spot with guests of all ages, Marco Mini Golf is a great place to head for a fun-filled day. There’s an 18-hole miniature golf course built around beautifully landscaped gardens complete with pretty water features and footbridges. There are free drinks along the course, and when you’re done playing you can drop your ball into a special competition box for the chance to win another game – for free!

Day trips and tours

Go on a backwater adventure

Marco Island is the largest of Florida’s Ten Thousand Islands and is flanked by nearly 100 miles of un spoilt isles, bays and mangrove estuaries that are perfect for both adventurous and relaxing activities. Try a self drive boat tour through the region’s seemingly-endless backwaters where you’ll spot dolphins, manatees, shore birds and other sea life along the way.

Explore an abandoned dome house

Most boat tours include a stop off at a private island for shelling and fishing, plus a ride around the famous Cape Marino dome house.

Go alligator spotting

Alligators are everywhere in Florida, but the best place to see them living in the wild is at the Everglades National Park. You can easily access the Everglades from Marco Island, and a number of tour operators offer alligator-spotting safaris around the park’s lakes, swamps and canals. Try a unique tour which includes rides both on the water and on land, a trip to the Animal Sanctuary at Everglades City, and a photo opportunity with an alligator.

Design your own adventure

With so many amazing things to do in Marco Island it can be tricky deciding between them, so why not combine a few activities into your very own adventure?  Try a custom tour of the Ten Thousand Islands and the Everglades with options to combine whale and dolphin spotting, bird watching shelling, photography and water sports.

Sports and activities

Ride on a Wave runner

With so many surroundings islands and waterways to explore, it’s no wonder that water activities are some of the most popular things to do in Marco Island. A water scooter is a great way of getting around, and you can rent these from most water sports providers in the region.

Tee off at a top golf resort

Regarded as one of the best golf clubs in Marco Island, Lely Resort is home to 2 public courses designed by golfing legends Robert Trent Jones and Lee Trevino. The courses offer 36 holes of championship golf, there’s also an impressive 54,000 sq ft driving range with 7 target greens, 2 practice greens and 1 chipping green. The courses are served by a 25,000 sq ft clubhouse with a full-service bar. Other amenities include a fully-stocked pro shop, a restaurant, club rentals and golf carts equipped with GPS navigation.

 

Go fishing

Backcountry fishing is one of the most popular things to in Marco Island, and fishing enthusiasts reel in plenty of local fish including snook, tarpon, redfish, trout, pompano and many other species. Experienced guides are readily available for fishing excursions from Marco Island, and include backcountry-flats fishing and deep-sea charters in the Gulf of Mexico for grouper, kingfish and snapper.

Learn to water ski

If you fancy your hand at wakeboarding, waterskiing or even knee boarding, you can book one on one instruction from an ex waterskiing pro.

Restaurants and nightlife

Dine in a castaway setting

You can sip a cocktails beachside and take in sweeping ocean views at Quinn’s on the Beach Marco Island. Known for its inventive island food and quirky ‘castaway’ vibe, this popular restaurant and bar is a must-visit on your vacation to-do list. It’s open for lunch and dinner every day, and there’s a live entertainment show every night.

 

History and culture

Visit a free museum

You can find out everything you need to know about Marco’s fascinating past at The Marco Island Historical Museum. There are lively displays and recreated village scenes based on Southwest Florida’s Calusa Indians, with artefacts including the famous Key Marco Cat, a half-human, half-panther figure thought to have religious significance. You can learn about Marco’s early pioneer roots as a fishing village and pineapple plantation. You can also find out more about the island’s explosive growth in the 1960s. The museum is located on Heathwood Drive and entry is free.

Explore an old pineapple plantation

Captain Horr’s Pineapple Plantation is the former vacation home of Captain John Horr, a Civil War veteran who established a pineapple plantation on the south side of Marco Island. The plantation was built in 1877 however all that remains of the house are a few of the 12-inch-thick walls which are made of shells and mortar. There isn’t a huge amount to see, but you’ll probably spot a few gopher tortoises standing guard around the property and the trip is well worth it if you’re looking for interesting things to do in Marco Island.

Hang out at an arts center

The Marco Island Center for the Arts hosts regular art exhibits, crafts fairs, workshops and music events that are open to visitors of all ages. The venue is open from Monday to Friday (not counting special events) and is home to a gift shop that sells fantastic local artworks and souvenirs.

 

 

8 Things to Consider when Buying a Waterfront Home On Marco Island

8 Things to Consider when Buying a Waterfront Home On Marco Island

Blog by Tony Walter

Are you looking to buy a waterfront home? If so there are a lot of things to consider. From how the view can impact the value of a home to who you might see in your backyard, another person or an alligator. Below is a list of 8 things to consider when buying a waterfront home.  Ask the Walter Team for the best waterfront home deals on Marco Island.

#1 The View

Not all views are equal! Does the home have an bay view, canal view, man-made lake view or a converging water view? The type of view a home has can impact its overall value and understanding the pricing differences is imperative. Marco Island waterfront views are unique and these views can establish a basis for market value.  Ask the Walter Team for details.

#2 Type of Usage

It’s important to find out if the location is direct access or indirect access.   Direct access means there are NO bridges to take you boat under.  What size boat will you have?  Ask the Walter Team for the best boating options given your circumstances.

#3 Privacy

Living on the water may provide less privacy and understanding how much or how little privacy there will be is crucial. Is there any easements or public access points between the home and water? Can anyone walk on these easements behind the property? Can a fence be installed around the home? Some homes are located in communities that will not allow fences if the home is located on a waterfront lot while others may allow fences with restrictions.

#4  Climate

The climate for waterfront homes can vary, it all depends on the location.  Marco Island is the best climate for year round boating. 70% of the properties on Marco Island are waterfront property.  Which on best fits your needs?  Ask the Walter Team.

#5  Insurance

The cost of homeowners insurance can vary greatly for waterfront homes and the type of insurance needed can vary too. Most insurance agents will be more than happy to provide an estimate for homeowners insurance and it’s highly recommended obtaining this information prior to submitting an offer so there are no surprises.

#6  Maintenance

Additional maintenance may be required for a waterfront home, so it’s essential to find out how the water will impact the home. Will the salt from the ocean impact the exterior of the home? Salt in the air can cause corrosion on metal surfaces; patio furniture, BBQ’s, outside decorations. Can insects or animals from the canal damage the exterior of the home? Home maintenance can add up quickly and sometimes homes on the water, depending on the type of water, may need more maintenance than others.  Ask the Walter Team.

#7 Additional Features

Are there additional features included with the waterfront home for sale, such as a dock or boat slip? Just like the type of view impacts a home’s value so will the additional features. Is the dock public or private, is it deeded, and who’s responsible for maintaining it? Ask the Walter Team.

#8 Waterfront Realtor

No matter what type of property you’re purchasing you should always hire an agent who not only specializes in your area of interest but sells there too. A top Realtor will know the in’s and out’s of purchasing a waterfront home and will be able to walk you through the home buying process. The Walter Team is that type of realtor, so Ask The Walter Team.

Final Thoughts

There are many advantages to owning a home on the water, but there may be a few disadvantages too. So it’s important when looking to purchase a waterfront home to understand all of the pros, cons and costs associated with owning a waterfront home.  Ask the Walter Team today!

 

Marco Island, 1st Quarter 2018 Real Estate Market Update

There was a 4% decrease in the number of homes sold in 2018 compared to 2017. Average home prices were mixed over the past 12 months with water direct homes up 7% , water indirect down 16% and Inland homes up 7%.  Lot sales slowed in the 1st quarter, but were up year over year 9%. Over the last 12 months the average water direct lot sale price was down 20% with 12 sales in the quarter, indirect lot average prices were up 4% with 10 sales, and Inland lot prices were up an average of 3% on 7 sales.  Total home units sold in 2018 versus the same period in 2017 were down 5, with 9 fewer water indirect, 2 more water indirect, and 2 more inland homes sold.  Total lot units sold in 2018 versus the same period in 2017 were down 13, with 3 fewer water direct, 0 more water indirect, and 10 less inland lots sold.  Total condo units sold in 2018 versus the same period in 2017 were down 5, with 2 more beach/gulf, 2 more waterfront, and 9 fewer inland condos sold. Overall, Inventory levels are down 11% from last year, with pending units up by 15% in 2018.

Marco Island Florida – April 1, 2018 Inventory Analysis

Marco Island Inventory levels are Down 11% from this time last year.  There are 1000 properties currently for sale on the island; 321 homes, 376 condos, and 303 lots.  Condo inventory is down 7% from this time last year, while the inventory of homes is down 19% and lot inventory is down 7%.  The number of Pending Home sales is up 5% compared to last year, Pending Condos are down 3% and the number of Pending Lots is down 6%.  The total number of all pending units is down only 1% compared to last year with 171 properties now under contract vs. 173 on April 1, 2017. There were 100 closings of Marco Island properties in the last month and 116 net new pending sales accounting for the increase in total pending units from 155 last month to 171 currently.  In summary, the pace of sales continue with lower inventory putting further pressure on supply.

CALL THE WALTER TEAM TODAY!

239-821-0994

50 THINGS TO DO HERE ISLAND REALTY STYLE

 

Marco Island is the largest of Florida’s Ten Thousand Islands and is one of the most popular spots in Florida. Located in Collier County, it is visited by an estimate of a million tourists every year. This is because Marco Island has a lot to offer other than its pristine, beautiful beaches. Staying in Marco Island will never be boring a vacation! Here are fifty ways to have in Marco Island Presented by The Walter Team:

  1. Duck Hunting at the Ten Thousand Islands National Wildlife Refuge

Go duck and coot hunting in the Ten Thousand Islands National Wildlife Refuge. Lots of activities are also available here such as canoeing, kayaking, and boating. Go exploring the island’s marine life and catch a glimpse of sea otters, manatees, and crocodiles.

  1.     Kayak the Everglades

Take a kayaking tour to the Everglades.Paddle through the mangrove tunnels, educate yourself about the wildlife and take a relaxing sunset tour and experience a quiet and peaceful afternoon in the Everglades.

  1.  JW Marriott Marco Island Beach Resort

Experience luxury in Marco Island by staying at JW Marriott Marco Island Beach Resort. Island Realty and The Walter Team is just a block away!  Enjoy Balinese inspired decor, multiple swimming pools, and restaurants so guests can have an amazing holiday.

  1. Ride on a Waverunner

Explore the crystal clear waters in Marco Island by going on a ride on a WaveRunner. A new Yamaha WaveRunner can be rented at Marco Island Watersports for half an hour at $100 and for a full hour at $165.

  1.     Explore the History and Culture of the Island

Marco Island has a rich history and culture just waiting to be explored. The Marco Island Historical Museum has a free entry where one can take a look at artifacts and displays and lots more.  The Marco Island Center for the Arts also holds art exhibits and workshops.

  1.    Marco Island Brewery

The nightlife in Marco Island is never dull. There are lots of bars and restaurants that offer different kinds of entertainment like the Marco Island Brewery. Sports fans can watch their game at the Marco Island Brewery and enjoy a large selection of draft beers.

  1.     Island Escapes Vacation Rentals

Guests can rent a beachfront house and have some outdoor barbecue for a family bonding experience. There are lots of waterfront vacation rentals available in Marco Island that are within everyone’s budget.

  1.     Check Out the Boat House Motel at the Marina

The Boat House Motel at the Marina offers a rental home, three condo units and 20 guest rooms (some with waterfront view) suitable for family vacations or romantic getaways.

  1.     Get Fresh Produce at the Farmer’s Market (November to April)

Marco Island has a farmer’s market open every Wednesdays from November to April. Fresh fruits and vegetables, seafood, herbs and even handicrafts are available at the market for everyone to enjoy.

  1.     Bottlenose dolphins and bird watching

Marco Island is home to bottlenose dolphins and several bird species. Take a tour with a certified naturalist guide and visit and play with the dolphins and take a look at some pelicans, otters, Bald Eagles, ospreys, manatees, sea turtles, herons and lots more.

  1.     Seafood and Music Festival

The Marco Island Seafood and Music Festival is a 3-day festival every March full of music, beer and lots and lots of yummy seafood! This festival helps raise funds for the less fortunate in the community which means participating in this festival is a win-win situation for both the festival-goers and the community.

  1.     Pirate’s Treasure

Be prepared to get wet on Marco Island’s newest attraction: Pirate’s Treasure. Go on an Interactive Pirate Excursion and be a pirate for a day! Kids will have a good time learning songs and games and hunting for treasures like a true pirate.

  1.     Shelling with Sunshine Tours

Go sightseeing and shelling with Sunshine Tours and collect different kinds of collectibles from the sea. Shells can be collected as well as conchs and sand dollars. Sunshine Tours also offer fishing and cruise tours and combination trips.

  1.    Marco Island Center for the Arts

The Marco Island Center for the Arts offers a wide range of classes and workshops like hand-building with clay, photography, stone sculpting, advanced drawing and lots more. Various exhibits are also available on schedule.

  1.     Hop Aboard an Eco Tour with The Dolphin Explorer

Go on an Eco Tour and learn more about the island’s dolphin population and other marine life. The Dolphin Explorer’s 30-foot catamaran attracts dolphins for tourists to take photographs with. Complimentary beverages are also available for guests to enjoy.

  1.    Rent a Boat for Fishing and Exploring

Rent a boat during your stay on the island and go exploring and fishing at your own pace and time. Some companies also offer tackle packages along with the boat rental for a convenient fishing experience. Boats are available for half day or full day rental.

  1.     Go Miniature Golfing at Marco Golf and Garden

Miniature golf enthusiasts would have a fun time on this island in Marco Golf and Garden. Their miniature golf course is furnished with lush, manicured gardens. They also offer discounts for seniors and students.

  1.     Naples Zoo at Caribbean Gardens

Naples Zoo at Caribbean Gardens is a nationally accredited zoo and botanical garden that is just a short drive from Marco Island. There are lots of fun activities especially for the kids like Camp Wild and Safari Squad which includes a storybook reading and an animal encounter.

  1.    Naturalist Kayak Tour Through Mangroves at Rookery Bay

Rookery Bay Reserve offers a 2-hour kayaking tour through mangrove bays, creeks, and islands. There is also an aquarium and environmental learning center that you can experience along with the kayaking tour. Art and photography workshops are also available at Rookery Bay.

  1.    Experience the Marco Mystery and History Tour

The Marco Mystery and History Tour is a 2-hour tour with a “ghost tour guide” who will tell tales about the island’s spooky past. Complimentary drinks are available at the end of the tour to cap off the night of scary fun.

  1.    Fall Colored Shells

Shell collecting is a lot more fun to do during the fall season. Guests can collect more shells in colors purple, yellow and orange during this season. There are several tour companies in Marco Island that offers fall shelling to visitors on the island.

  1.    Everglades National Park

At the Everglades National Park, there are tons of activities available to guests. Go on a private airboat tour and experience the Everglades. There is also a live alligator show where one can get up close and personal with the alligators and give them a hug!

  1.     Lunch at Lee Be Fish Company

Experience a sumptuous meal at Lee Be Fish Company. They offer the freshest seafood in Marco Island. Recommended dishes to try are the Grilled Catch of the Day basket with a side of rice and beans and also the fish tacos. Lunch is best eaten outside the courtyard which opens at 11 am.

  1.    Happy Hour at CJ’s On The Bay

Happy hour at CJ’s On The Bay starts from 4 to 7 pm. Patrons can enjoy a glass of chardonnay or sip on $6 cocktails while munching on their famous CJ Lobster Fries and watching the beautiful southwest Florida sunset.     Walter Team Favorite!

  1.    Take a trip to Naples

Naples is just a short trip away from Marco Island. It offers exquisite dining, nightlife, and sophisticated shopping areas. Naples has a lot of restaurants and shopping areas one can choose from.

  1.    Sushi at Marco Island Marriott

Marco Island has the freshest seafood there is and what better way to enjoy it than indulging in one of the best sushi places in Marco Island! The Marco roll in Marco Island Marriott is to die for! It is stuffed with salmon, tuna, Thai peppers, hamachi, cucumbers and avocado with mango salsa. Yum!

  1.    Quinn’s On The Beach at Marco Island Marriott

Quinn’s On The Beach is another restaurant in Marco Island Marriott that offers delectable dishes. Quinn’s is a beachside restaurant offering Caribbean style seafood, steak and cocktails. Their lobster tails with chili garlic butter are one of their specialties. Walter Team Favorite!

  1.    Marco Island Princess Sunset Dinner Cruise

Enjoy a romantic dinner aboard the Marco Island Princess. The Sunset Dinner Cruise is a two hour, double entree buffet cruise where couples and families can enjoy a full view of the amazing sunset of the Gulf of Mexico.

  1.    The Spirited Painter

Another date night idea is to enjoy a night of art and drinks at the Spirited Painter. It is a family-owned sip and play paint shop where couples and non-couples can bring their own snacks and drinks and enjoy a quiet night of fun and arts.

  1.    The Marco Players Theater

The Marco Players theater is a non-profit organization who has been around in Marco Island for more than four decades now. Along with the main show, they also have Lunchbox Shows where guests can enjoy a show with a boxed lunch and a Q&A portion with the performers.

  1.    Bicycle Tour in Naples Bicycle Tours

Bicycle tours are available in Naples Bicycle Tours for biking and fitness enthusiasts. Take a two hour guided tour provided with all the necessary equipment along with complimentary snacks and drinks and bike around San Marco Island’s beautiful spots.

  1.     Massage Treatments at Salon and Spa Botanica

The Salon and Spa Botanica offer a variety of luxurious, relaxing massages for their guests. Aside from the common Swedish and Deep Tissue Massage, they also offer a Sports Massage for those who have been doing rough water sports and other athletic activities, and a Prenatal Massage for those expecting moms who need to have a day of relaxation.

  1.    Escape From a Prison Cell

The adventurous types will always have a fun activity to do here on Marco Island. One of these are the ones offered by Extreme Escapes, an entertainment-filled escape room game which is perfect for corporate events and team buildings. You get 60 minutes to escape a room that is filled with riddles and tricks to set you free.

  1.    Cape Romano Dome House

The Cape Romano Dome House is an abandoned dome house in Caxambas Island constructed in 1980 by a retired businessman and then later abandoned. Take a boat tour and ride around the Dome House and explore its unique design.

  1.    Customized Tours

Florida Backcountry Adventures allows guests to customize their tours according to their interests. Guests can combine 2 activities such as shelling and an eco-tour and decide the number of hours for their convenience.

  1.    Explore Captain Horr’s Old Pineapple Plantation

Captain Horr was a resident and the owner of Horr’s Island who built a pineapple plantation in the 1800s. Now, the old pineapple plantation is a historic site which guests can include in their itinerary when exploring the island.

  1.     Tigertail Beach

Tigertail Beach is one of the most popular beaches on Marco Island. When the guests get to the park, they would have to cross a lagoon that’s about 50 yards where they can enjoy themselves by shelling and exploring. At the end of the lagoon, marvelous white sand and crystal clear waters await.

  1.    Stone Crab Claws

Enjoy one of Marco Island’s specialties: the stone crab. Guests can enjoy juicy stone crab claws at restaurants like CJ’s on the Bay.  Stone crab claws are a sustainable food source because after stone crab claws are harvested, the live crabs are returned to the ocean to allow them to regrow their claws.

  1.    Kids Activities at the Golisano Children’s Museum

Just a short trip from Marco Island is the Golisano Children’s Museum where kids can have a fun-filled day learning arts, science, culinary lessons and so much more! Several exhibits and programs are available for toddlers and kids to enjoy!

  1.    Read a Book at Sunshine Booksellers

Bookworms will love Sunshine Booksellers. They have a wide selection of books from fiction to nonfiction as well as children’s books. Guests can enjoy a quiet day reading at the bookstore itself or get a book and spend a relaxing day reading by the beach.

  1.    Get Coffee at Wake Up Marco

Books are best paired with coffee or tea, and guests can enjoy them at Wake Up Marco, where they can enjoy a selection of roasted coffee and a variety of teas. Freshly baked pastries are also available there.

  1.    Movie Night at Marco Movies

Enjoy a movie night with your date or with your friends and family at Marco Movies. You can order their delectable menu offerings from their friendly staff while watching the latest movies.

  1.    Go Bar Hopping Island Style

Enjoy Marco Island’s tropical nightlife with the string of bars they have to offer. Go to a sophisticated wine bar at La Tavola and then head out for sushi and cocktails Dolphin Tiki Bar and Grill all on the same night. Walter Team Favorite!

  1.    Enjoy an 80 minute Balinese Treatment at JW Marriott

Spa at JW is a spa and treatment center at JW Marriott Marco Island that boasts their signature 80-minute Balinese treatment. Their trained therapists perform a choreographed massage that soothes the muscles and the sympathetic nervous system.

  1.    Waterside Dining and Live Music at Snook Inn Restaurant

Snook Inn Restaurant provides live entertainment 7 days a week.They also have two happy hours: from 4 to 6 pm and 10 pm to closing every day! Included in the late happy hour is a Late Nite Menu in which all menu items are discounted.

  1.    Shopping at Miromar Outlets

Located outside Marco Island, guests can shop ‘til they drop at Miromar Outlets. They have over 140 designer brand name outlets to choose from. They also have fun events for shoppers such as live entertainment and shopping discounts all year round.

  1.    Visit Olde Marco Village

Olde Marco Village is a neighborhood in Marco Island offering gourmet food centers and shopping outlets. Vacationers can enjoy a fun day of shopping and dining after a day out on the beach.

  1.    Day Trip to Keewaydin Island

Take a boat ride to Keewaydin Island which is an uninhabited island near Marco Island. A day trip to Keewaydin Island is a perfect spot for a quiet private date. Couples can bring snacks and wine and enjoy a nice little picnic and go for a swim.

  1.   Get lunch from a Food Boat

At Keewaydin Island, there are food and drink boats that dock up on the shore. Guests won’t feel hungry while enjoying the sand and sea at Keewaydin Island. There is also an ice cream boat, perfect for a hot day on the beach.

Vacationers and residents will always have something fun to do at Marco Island whether it’s relaxing and swimming by the beach or fun activities like touring or escaping a riddle-filled room. To get to this paradise, guests can fly to Fort Myers and rent a car to the island. Marco Island is the perfect place to invest in fun. Find your place on Marco Island with The Walter Team today.

 

 

 

Are You Looking For Water Front Property?

Are you looking to buy a waterfront home? If so there are a lot of things to consider. From how the view can impact the value of a home to who you might see in your backyard, another person or an alligator. Below is a list of 8 things to consider when buying a waterfront home, sometimes waterfront living might be the best option and other times it might not.

The View

Not all views are equal! Does the home have an ocean view, lake view, man-made lake view or a canal view? The type of view a home has can impact its overall value and understanding the pricing differences is imperative.

Type of Usage

Before jumping into the water know whether or not you can or should. It’s important to find out if you can swim in the water, if anyone else can swim

MARCO ISLAND REAL ESTATE

MARCO ISLAND REAL ESTATE SUMMARY DECEMBER 2015

MLS statistics, released by the Marco Island Area Association of Realtors® for Marco Island only properties compare November 2015 to November 2014. Inventory decreased 10.02% from a year ago for all property types while at the same time the median sale price for all property types jumped 18.87% from $408,000 to $485,000

• The number of new single family listings that came on the market in November 2015 v. November 2014 increased 68.00% (84 v. 50). The total number of single family properties active on the market in the year-to-year comparison remained virtually unchanged at 1.03% (293 v. 290). The median sale price for closed single family homes increased 31.85% ($890,000 v. $675,000). Total sold dollar volume for single family homes increased in November 2015 to $15,606,200 from $12,645,250 in November 2014, a 23.42% increase.

• In regard to condo activity, number of new listings that came on the market this November v. last November increased 8.97% (85 v.78).  Total number of condos on the market from last year decreased 18.24% (269 v. 329). The median sale price for condos increased 39.62% ($370,000 v. $265,000).  Total sold dollar volume for multi-family increased 20.93% from $13,020,100 in November 2014 to $15,744,900 in November 2015.

• Number of new lots coming on the market in November 2015 v. November 2014 increased 22.58% (38 v. 31). Total number of lots active on the market decreased 7.45% (298 v. 322) from last year.  Median sale price decreased 4.63% ($324,500 v. $340,250). Total sold dollar volume increased 257.81% ($4,224,000 v. $1,180,500).

(Median sale price means 50% of sales were above and 50% of sales were below.)

• Number of pendings for all property types is down 26.61%.  Single family pendings in the comparison down 51.22% (20 v. 41); Lots up 14.29% (16 v. 14); and multi-family down 20.90% (53 v. 67).  

• Number of condos closed in the comparison decreased 3.23% (30 v. 31).  Number of single family homes closed decreased 10.53% (17 v.19) in the November-to-November comparison while number of lots closed increased 150.00% (10 v. 4) in the same comparison.  

MARCO REAL ESTATE IS HOT HOT HOT!!!

It is no secret that our local real estate markets have recently experienced dramatic and almost unrealistic increases, rebounding from the Great Recession. These extraordinary swings, have some so-called experts predicting another bust or bubble.  George Percel, managing broker of Marco’s John R. Wood’s real estate office says it best. In his commentary in response to a local financial advisor’s negative real estate analysis George states that “the financial expert’s perspective of our local real estate market is uninformed and misleading.” It is another attempt to scare real estate buyers to move to the exhilaration of the gambling den of the stock, bond and hedge fund markets.
 
From the Realtor’s perspective the last boom cycle, which brought about the bust of 2006 was principally engineered by the financial sector and its eagerness, some would say wanton greed, to profit through diabolical schemes designed in New York and Washington. After the dot-com bust, money fled the stock and futures markets to real estate. Traders came to look at real estate as if it was a commodity. Flips were the modus operandi of the day in late 2003 -2005. Money was craving to find a new source of high yield. Thus were born new investment opportunities like REITs, bundled mortgages, and hedge funds. Constantly creating new arrangements to profit from politicians in Washington.  These same people fashioned the dot-com disaster.
 
One big difference in today’s real estate market is that it is driven by demand. Seventy-nine percent of the 196 closed sales on Marco Island during the first two months of this year were purchased with cash, not with mortgages. There are no negative amortizing loans, no 100 percent interest only loans, and the loan originators are not paid to approve a loan to anyone who could fog a mirror, as was the case during the last absurd manipulated boom.
George Percel suggests that this financial advisor’s misguided view is driven by the fact that many of his customers are now investing in the long-term stability of real estate and not the volatility of the financial markets. Over time, real estate continues to provide a substantially higher rate of return than many Wall Street investments. Welcome back market stability. Today’s buyers are people who will be holding and enjoying the properties they purchase. Today’s real estate investor is not looking for the get-rich-quick opportunity.
People love our diamond in the everglades, Marco Island. We are no longer the secluded secret Island on the West coast of Florida. In 2014, Marco Island was named the #1 island in the United States by the world’s largest travel site, TripAdvisor. The site calls Marco Island “the jewel of Florida’s Ten Thousand
Islands” and also ranked Marco #4 in the entire world! This has given our Island worldwide attention and fame. The Europeans traditionally keep us very busy during our slower paced summer and we are expecting them to continue buying our desirable real estate in spite of the stronger dollar.

MARCO ISLAND CURRENT REAL ESTATE MARKET

Our Local Market
The three basic real estate resale markets on Marco Island are: condominiums, homes and vacant land. During recoveries in our area, the condominium sales lead the way. Beach front (BE) condos are followed by Gulf front, bay front, canal and inland condos respectively.
 
When we analyze the various single family home market appreciations, the water direct (WD) access homes always lead the way followed by the water in-direct (WI) homes and then the inland (IN) homes. The vacant lot
appreciation follows the same sequence as the home market. The following chart will show beginning price points and availability of resale properties on Marco Island today in 2015.
 
Some of Your Best Buys for Sale Today
 
WD    Pool Homes                 Only   5           $499 – $699
WI     3/2 Pool Homes             Only 10           $489 – $662
IN      3/2 Pool Homes            Only   8           $300 – $500
BE     2/2 Condos                           Only 18          $300 – $500
WD    2/2 Condos w/ Dock             Only 24          $250 – $400
WI      2/2 Condos w/ Dock            Only   9           $379 – $429
IN       2/2 Condos w/ Dock            Only 27           $135 – $300
WD    100’ x 110’ Lots            Only   6   $399 – $499
WI      80’ x 110’ Lots             Only 26           $299 – $399
IN       80’ x 110’ Lots             Only 34           $  75 – $150
 
Marco Island is rapidly approaching build-out. We are on the threshold of greatness. Your window of opportunity for the “best buys” in all property categories is shrinking fast. The Island is having a remarkable comeback and the consumer confidence for Real Estate purchases in our area is consistently growing.
Don’t sit on the sidelines and pass up on this golden opportunity. If you plan on making our area your future home and lifestyle, now is the time!