® MID-YEAR REPORTMARKET2022 CAPE MARCO www.gcipnaples.com www.gcipluxuryrentals.com
SOLD $1,825,000 Represented the Buyer MARCO ISLAND: 167 Leeward Court SOLD $1,600,000 Represented the Seller TWIN EAGLES: 11669 Bald Eagle Way SOLD $1,563,000 Represented the Buyer MARCO ISLAND: 380 Lamplighter Drive SOLD $1,490,000 Represented the Seller CAPE MARCO: 930 Cape Marco Drive, 1304 SOLD $1,440,000 Represented the Seller MARCO ISLAND: 327 North Barfield Drive SOLD $1,350,000 Represented Seller/Buyer CAPE MARCO: 990 Cape Marco Drive, 507 SOLD $1,180,000 Represented the Buyer SIGNIFICANT SALES Presented by: DARLENE RODDY REALTOR®, CLHMS, CRS, CNE darleneroddy@gcipnaples.com239.404.0685Source: Southwest Florida MLS
1815
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HIDEAWAY BEACH: 4000 Royal Marco Way, 822 SOLD $2,475,000 the Buyer
efforts
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PORT ROYAL: 3405 Gin Lane SOLD $7,100,000 the Buyer
OLD NAPLES: 380 1st Avenue North SOLD $7,300,000 the Buyer
Represented
CAPE MARCO: 940 Cape Marco Drive, 1906 SOLD $2,450,000 Seller/Buyer ISLAND: Woodbine Court SOLD $2,295,000 the Seller ISLAND: 174 Collier Boulevard, 1202 SOLD $2,145,000 the Buyer ISLAND: 583 Tripoli Court SOLD $2,090,000 the Buyer
HIDEAWAY
Gulf Coast International Properties ® presents its Mid-Year Market Report for 2022 for Cape Marco. This sought after report to be preferred not only by our discerning clientele, but by industry experts as well. World class integrated marketing coupled with exceptional results have earned us the reputation as Naples’ premier boutique real estate firm. As the proven luxury market leader, Gulf Coast International Properties ® associates strive to exceed our clients’ uncompromising integrity and unprecedented concierge Our award-winning, locally owned and operated, multigenerational firm exemplifies the Naples reputation for luxury living. in exclusive one-of-a-kind estates, Gulf Coast International Properties ® invites you to experience the difference to Live Exceptionally.
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Cape Mid-YearMarco2022Market Update
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Specializing
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expectations through
HIDEAWAY BEACH: 951 Royal Marco Way SOLD $2,765,000 the Buyer
service.
www.gcipnaples.com www.gcipluxuryrentals.com
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MARCO ISLAND: 980 Hyacinth Court SOLD $3,825,000 the Seller
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MARCO
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MARCO
and
HIDEAWAY BEACH: 383 Live Oak Lane SOLD $1,875,000 the Seller BEACH: 383 Live Oak Lane
MARCO
PORT ROYAL: 1188 Galleon Drive SOLD $8,750,000 the Buyer
continues
$808,1252020 $952,3752021 $1,290,0002022 CONDOMINIUMSHIGH-RISE (YTD)SALESTOTAL 20204 20214 20225 CONDOMINIUMSHIGH-RISE (YTD)PRICESALESAVERAGE
Source: Southwest Florida MLS Merida The Merida high-rise residences saw a gain in the first two quarters of 2022. The total closed dollar volume was $6,450,000. Merida that is $2.6 million increase over the 1st two quarters of 2021. Currently, there are only 2 high-rise residences available in Merida. There is still a high demand for luxury condominiums and still a very limited inventory. The average sales price was $1,290,000, which was an increase of 35% over last year’s 1st & 2nd quarter. The highest sale was $1,720,000 in Merida.
MARKET REPORT 2022 | 3
Over the last 22 years selling luxury real estate we have never experienced the unprecedented upward path over the last 36 months and beyond. We went from a healthy market in 2019 to a radical market in 2020 followed by an unimaginable market in 2021. Nowhere has it been felt more than in the resort locations like Marco Island and Naples, where people are moving to fulfill their lifelong dreams. Recently I had clients asking what the future of the market will be. No one knows for sure, but the market has definitely softened in the last few months. Today's demand is real buyers who are purchasing their residences for their own use and most buyers using cash versus a mortgage.
Cape Marco Mid-Year Review 2020-2021 vs 2022
(YTD)PRICESALESAVERAGE Source: Southwest Florida MLS Tampico The Tampico high-rise residences from January through June 3, 2020 to 2022 have only had 1 sale per year. The total closed dollar volume was $2,400,000. The average closed price was $2,400,000 with no properties currently for sale. The average sales price from 2021 to 2022 has increased 65%. $1,250,0002020 $1,450,0002021 $2,400,0002022 CONDOMINIUMSHIGH-RISE (YTD)SALESTOTAL 20201 20211 20221 CONDOMINIUMSHIGH-RISE (YTD)PRICESALESAVERAGE 4 | MARKET REPORT 2022
Source: Southwest Florida MLS Monterrey The Monterrey high-rise residences saw a 52% decrease in the first two quarters of 2022 due to historically low inventory. The total closed dollar volume was $5,705,000. The average closed price was $1,902,000. Currently, there are only 2 high-rise residences available in Monterrey. There is still a high demand for luxury condos and still a very limited inventory. $950,0002020 $1,059,9502021 $1,901,6672022 CONDOMINIUMSHIGH-RISE (YTD)SALESTOTAL 20201 202111 20223
CONDOMINIUMSHIGH-RISE
Source: Southwest Florida MLS
20204
$3,073,1002020
20201
Source: Southwest Florida MLS
Belize The Belize high-rise residences saw a 26% decrease in the first two quarters of 2022 due to historically low inventory. The total closed dollar volume was $13,200,000. The average closed sale was $4,400,000. The average price per square foot is $732.00. Currently, only two high-rises currently on the market. The highest price sold was $5.150.000. $2,227,8752021 $4,400,0002022
CONDOMINIUMSHIGH-RISE (YTD)SALESTOTAL 20218 20223
CONDOMINIUMSHIGH-RISE (YTD)PRICESALESAVERAGE
The Cozumel high-rise residences saw a 52% decrease in the first two quarters of 2022 due to historically low inventory. The total closed dollar volume was $8,075,000. The average closed sale was $2,691,667. The average price per square foot was $1,018,000 and an average of two days on the market. Currently, there are no high-rise residences available in Cozumel. The highest sale in 2022 was $3,100,000.
$1,550,0002020 $1,887,4442021 $2,691,6672022
MARKET REPORT 2022 | 5
CONDOMINIUMSHIGH-RISE (YTD)SALESTOTAL 20219 20223
Cozumel
CONDOMINIUMSHIGH-RISE (YTD)PRICESALESAVERAGE
6 | MARKET REPORT 2022 Source: Southwest Florida MLS Vera Cruz The Vera Cruz high-rise residences currently have had no sales in the first two quarters of 2022 due to historically low inventory. The total closed dollar volume was $6,995,000 in 2021. The average closed sale was $3,500,000. The average price per square foot is $843.00. Currently, there are no high-rises in the Vera Cruz Available for sale. The highest price sold in 2021 was $3,950,000. $2,160,3332020 $3,475,0002021 2022$0 CONDOMINIUMSHIGH-RISE (YTD)SALESTOTAL 20203 20212 20220 CONDOMINIUMSHIGH-RISE (YTD)PRICESALESAVERAGE
MARKET REPORT 2022 | 7 950 Giralda Court Enjoy magnificent views with 159’ of water frontage on Collier Bay. This Mediterranean Villa is a custombuilt estate located on a key lot offering desirable direct access, with western exposure for spectacular sunsets. www.gcipnaples.com www.gcipluxuryrentals.com Listings Currently Available Single Family Residence Date Built: 2009 Lot Size: 96 x 110 x 159 x 122 Living Area: 5,591 sq. ft. Total Area: 11,237 sq. ft. Bedrooms: 4 Full Bath: 4, Half Baths: 2 Pool/Spa: Yes Garage: 3-Car, Attached Hideaway - 321 Hideaway Circle Don't miss an opportunity to build your dream home now on this beautiful property with lake and golf course views. The seller has the architectural plans and has gone through the permit process with Hideaway Beach and the city with a slot to build now if you don't want to wait three years. Premier gated community of on three-hundred lush, tropical acres gently sprinkled with homes, villas, beach cottages and condominiums set adjacent to two miles of stunning beach in the northwest corner. Homesite Lot Size: 80 x 152 x 80 x 144 Esplanade - BS A107 Located at the Esplanade Marina, will accommodate up to a 44' foot boat. Captain's Lounge that provides showers, laundry, Wi-Fi, cable TV, and storage locker. Covered parking available. Bellingham concrete floating dock for easy tie up. Dock your boat at the beautiful Esplanade Marina and enjoy the best boating on Marco Island.
DARLENE RODDY REALTOR®, CLHMS, CRS, CNE darleneroddy@gcipnaples.com239.404.0685 The most comprehensive luxury real estate network in the world. Source: Southwest Florida MLS as of 07.25.2022. All information is deemed reliable, but not guaranteed. ©2022 by Gulf Coast International Properties® An equal opportunity company. If your property is presently listed with another Agency, or is currently being marketed by Gulf Coast International Properties®, please consider this a matter of information and not an intent to solicit. ® www.gcipnaples.com www.gcipluxuryrentals.comSOLD:Veracruz:940Cape Marco Drive, 1906 OLD NAPLES 1144 Third Street South OLD NAPLES 691 Fifth Avenue South WATERSIDE SHOPS 5435-19 Tamiami Trail North
