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An outstanding investment opportunity with proven excellent income potential, this residence allows you to experience luxurious Gulf-front living with glorious southern exposure, unobstructed wide-open Gulf views, rarely available year-round sunsets, and the benefit of being completely redone—paired with an impressive gross rental history—in this beautifully updated turnkey residence at Somerset, one of Marco Island’s premier beachfront communities. This exceptional coastal retreat offers a rarely available combination of direct Gulf panoramas, elegant modern finishes, strong rental potential, and a spacious, versatile layout designed for effortless indoor-outdoor living. Inside, the bright open floor plan features tile flooring, crown molding, and seamless connectivity between the main living areas. The kitchen is both stylish and functional, showcasing wood cabinetry, granite countertops and backsplash, a breakfast bar, and Whirlpool stainless steel appliances, including a range, microwave, dishwasher, refrigerator with icemaker, and a dedicated wine fridge. An adjacent dining area flows easily into the living room, where large sliders open to the expansive covered lanai. From sunrise to year-round sunset skies, the lanai provides a stunning backdrop of sparkling Gulf waters, complete with a ceiling fan for year-round comfort and impact doors and windows for peace of mind. The owner’s suite is a serene waterfront retreat with direct lanai access, captivating Gulf views, two walk-in closets with built-ins, and a beautifully appointed en-suite bath featuring dual granite vanities and a spacious walk-in shower with floor-to-ceiling tile, a rain showerhead, niche, bench seating, and a frameless glass enclosure. The guest bedroom and den are connected by pocket doors, allowing them to function as two separate sleeping spaces or a bedroom plus office. The guest bath includes granite counters, recessed lighting, and a walk-in shower with rainshower, niche, and frameless glass enclosure, with convenient access from both the guest suite and hallway. Additional features include a laundry area with stackable washer and dryer, and a coveted private 1-car garage parking space—an exceptional benefit for condo living. The Somerset of Marco Island is renowned for its beautifully maintained grounds, prime beachfront setting on the desirable south end of the island, and resort-style amenities. Residents enjoy two heated pools, tennis and pickleball courts, a fitness room, library, event space, outdoor grilling area, storage lockers, ample parking, and secure gated access from both the street and the beach. Thoughtful building design includes two banks of elevators and wide, well-lit corridors, while on-site management provides exceptional service. Offered turnkey and ready for immediate enjoyment, this spectacular Gulf-front residence captures the true essence of Marco Island beachfront living.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,199,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,759,200 | $1,759,200 | $1,759,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.229% | 6.110% | 5.972% |
| Monthly Tax Payment | $927 | $927 | $927 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,989 | $10,547 | $14,609 |
| Total Monthly Payment | $11,041 | $11,599 | $15,661 |
* 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.