MARKET REPORT Hideaway Beach - Marco Island, Florida YTD 2023

Presented by:

DARLENE RODDY REALTOR®, CLHMS, CRS, CNE

239.404.0685

darleneroddy@gcipnaples.com

My team and I hope you are having a wonderful summer enjoying the beautiful weather up north. We are wondering where the season went. We are approaching back to school. We have been busy listing and selling properties and have had a consistent summer.

Our real estate market has shown a resilience compared to pre-Covid 2019. Even though the buyers face new challenges like higher interest rates, low inventory, and rising insurance costs, they are still attracted to Marco Island and Hideaway Beach. People still desire moving to Hideaway Beach. The housing market is moving back into a stable and logical state.

Gulf Coast International Properties ® presents its Year to Date Market Report for 2023. This sought after report continues to be preferred not only by our discerning clientele, but by industry experts as well. World class integrated marketing efforts 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’ expectations through uncompromising integrity and unprecedented concierge service. Our award-winning, locally owned and operated, multi-generational firm exemplifies the Naples reputation for luxury living. Specializing in exclusive one-of-a-kind estates, Gulf Coast International Properties ® invites you to experience the difference and to Live Exceptionally.

YEAR TO DATE 2023

The luxury single family and condominium residences markets started off slow but by mid-season it became a stronger market in 2023. January 1st-July 31st, 2023, has seen a total of five homes sold in Hideaway Beach, totaling $11,835,000. The highest sale is $3.5M. The buyers are here and are more thoughtful on what they are purchasing.

In the first six months of 2023 total closed volume for all condominium residences was $26,700,000. The average sales price was $1,907,143. The highest sale of 2023 is $3,000,000. There are currently 2 condominiums pending.

In January-July 2023 we had a total closed volume of $1,925,000 for homesites. Currently there are 9 residential home sites currently on the market.

Source: Southwest Florida MLS

2022 End of Year Overall Single-Family Home Data

Beautiful weather, world renowned white sandy beaches and luxury living have put Hideaway Beach at the top for desirable places to live and play. Hideaway Beach personifies the Marco Island lifestyle. Hideaway is a guard-gated community set on 300 lush, beautifully maintained tropical acres gently sprinkled with homes, villas, beach cottages and condominiums set adjacent to two miles of stunning beach in the northwest corner. Hideaway Beach Club has restaurants, bar, outside dining, large community pool, a full sports complex with a 9-hole golf course, tennis courts, pro shop, fitness center, etc.

The single-family residences total volume sales closed for 2022 was $53,100,000, this was a 27% decrease from the total of $67,383,500 in 2021. Currently there are 35 homes in various stages under construction.

Whether it is beachfront homes or inland properties in Hideaway Beach, the popularity of residences in this neighborhood has grown. Currently there are three residences on the market. The average days on the market was 73 and the ($) per sq. ft. was $1,150,000. The average selling price increased 51% over last year. The highest sale was $11,875,000.

Source: Southwest Florida MLS

2022 Hideaway Beach End of Year Homesites

The vacant land total volume closed for 2022 was $10,560,000, compared to previous year's ($8,435,000), this was a 25% increase. In 2021 there were two sales over $3.7 million. Currently there are 8 homesites on the market. The average days on the market was 185. The average selling price was 300% over last year because of the highest sale. The highest homesite sale was $6 million. Currently there are only 79 homesites left to build on.

Source: Southwest Florida MLS

Royal Marco Point 2000 and 3000

The luxury condo market in Hideaway Beach saw an incredibly strong first quarter of 2022. The highrise residences located in 2000 and 3000 total closed volume for 2022 was $9,195,000 compared to previous year's ($14,709,000), this was an -37% decrease. There is still a high demand for luxury condos and a very limited inventory. The average days on the market was 50 and the ($) per sq. ft. was $775.00. The average selling price increased 43% over last year. The highest sale was $2,125,000. Currently there are two properties in Royal Marco Point on the market.

Source: Southwest Florida MLS

Royal Marco Point 4000-5000

The high-rise residences located in Riviera 4000 and 5000 total closed volume for 2022 was $18,136,000 compared to previous year's ($24,775,000), this was a -27% decrease. Currently there are three residences available in 4000 and 5000. The average days on the market was 36 and the ($) per sq. ft. was $796.00. The average selling price increased 34% over last year. The highest sale was $3,750,000.

We just sold 5000 Royal Marco Way and had the pleasure of representing the sellers on this stunning 4 bedroom, 4 bath property located at the Riviera in Hideaway Beach. Congratulations to the new homeowners!

Royal Marco Point 6000

The high-rise residences located in Royal Marco Point 6000 total closed volume for 2022 was $10,410,000 compared to previous year's ($9,521,000), this was a 9% increase. Currently there are two residences on the market. The average days on the market was 59 and the ($) per sq. ft. was $741.00. The average selling price increased 46% over last year. The highest sale was $1,925,000.

Source: Southwest Florida MLS

Habitat

The mid-rise residences located in Habitat total closed volume for 2022 was $9,210,000, compared to previous year's ($3,764,900), this was a 144% increase. Currently there is only one residence on the market. The average number of days on the market was 14 and the ($) per sq. ft. was $542.00. The average selling price increased 40% over last year. The highest sale was $1,900,000.

Source: Southwest Florida MLS

PENDING!

Marco Island  Hideaway Beach

5000 Royal Marco Way, #535

One of the most desirable and sought after plans and location in Hideaway Beach. This beautiful, four bedroom three-and-one half bath spacious residence has three expansive terraces with gorgeous views of the Gulf of Mexico, Marco River, Collier Bay and the Marco Island skyline. The Monaco floor plan faces northeastern from the front terraces and southwest from the back terraces. Enjoy the endless entertainment on the water from the aquatic wildlife, area birds, and the parade of boats. This spacious, light and bright condominium lives like a home with over 4,000 air-conditioned space. Live the life you imagined at Hideaway Beach. Hideaway Beach is an esteemed guard-gated community set on 300 lush, beautifully maintained tropical acres and gently sprinkled with homes, villas, beach cottages and condominiums set adjacent to two miles of stunning beach. Hideaway Beach Club is amenity rich with restaurants, a bar, a large community pool in addition to the condominium building pool, a full sports complex with a 9-hole golf course, tennis courts, pro shop, and gym. Live your beach dream at this incredible property.

 Condominium

 Date Built: 1995

 Living Area: 4,010 sq. ft.

 Total Area: 4,304 sq. ft.

 Bedrooms: 4

 Full Bath: 3, Half Baths: 1

 Pool/Spa: Yes, Community

 Garage: 1-Car, Assigned

Represented the Seller

Hideaway Beach  Royal Marco Point 3000 Royal Marco Way, BC 18

Enjoy your own piece of Marco Island paradise within the exclusive enclave of Hideaway Beach! This residence is one of only 11 beachfront cottages located in the prestigious, gated community of Hideaway Beach. The luxurious 2 bedroom, 3 bath plus den beach cottage features a gourmet kitchen with granite counter tops, glass backsplash, stainless appliances and a small island. The open formal living and dining room are graced with exquisite hardwood flooring. Within the spacious master suite is a sitting area along with tray ceilings, updated master bathroom with walk-in shower, and large walk-in closet with built-ins. The split floor plan provides privacy and serenity. This incredible property offers a private walkway to the beach, pool, and private sundeck with views of the Gulf of Mexico. Hideaway Beach is an esteemed guard-gated community set on 300 lush, tropical acres beautifully maintained and gently sprinkled with homes, villas, beach cottages and condominiums set adjacent to two miles of stunning beach. Hideaway Beach Club is amenity rich with restaurants, a bar, a large community pool in addition to the condominium building pool, a full sports complex with a 9-hole golf course, tennis courts, pro shop, and gym. Live your beach dream at this incredible property.

 Condominium

 Date Built: 1991

 Total Area: 3,090 sq. ft.

 Bedrooms: 2

 Full Bath: 3

 Pool/Spa: Yes, Community

 Garage: 1-Car, Assigned

Represented the Seller & Buyer