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140 Palm ST, Marco Island, FL, 34145 | $489,900
Welcome to your slice of paradise at Olde Marco Inn on beautiful Marco Island! This inviting 2-bedroom, 2-bathroom, 2nd floor condominium is offered turnkey furnished—just bring your suitcase and start enjoying the island lifestyle and also the opportunity of generating immediate rental income by taking over the existing AIRBNB with repeat customers, 4. 89 rating, superhost designation, and $25, 000 in annual rental income with the option to grow it further.
Ideally located in the heart of Olde Marco, you’re just a short stroll to the iconic Snook Inn, as well as local favorites like Dolphin Tiki Bar & Grill, The Smith House Restaurant and Tavern, and Marek's Bar and Bistro. Enjoy easy access to boutique shopping, art galleries, waterfront dining, marinas, dive center, and scenic walking paths and views—all just steps from your door. In addition, take advantage of joining the renowned Residents Beach with a prime location, resort style amenities and easy parking for reasonable membership fees.
Inside, the condo features an updated kitchen with modern finishes, perfect for entertaining. The spacious, southern-facing lanai offers abundant natural light and a tranquil setting to enjoy your morning coffee or evening cocktails year-round.
Recent updates provide peace of mind, including a new HVAC system (2025), hot water heater (2026), and all new impact windows and doors (2021), along with access to the community pool and spa—ideal for relaxing after a day in the sun.
Residents and guests will appreciate the convenience of onsite laundry, covered parking, and dedicated bike storage—ideal for exploring the island at your leisure. In addition, enjoy the heated pool and hot tub located in the community.
Marco Island is known for its laid-back coastal charm, white sandy beaches, world-class fishing, boating, and breathtaking sunsets over the Gulf. Whether you're seeking a personal getaway, investment opportunity, or both, this property delivers the very best of the sunny Southwest Florida lifestyle.
Features
- Building Design: Mid Rise (4-7)
- Parking: 1 Assigned,Covered,Driveway Paved,Guest,Paved Parking,Under Bldg Open
- Heating: Central Electric
- Cooling: Ceiling Fans,Central Electric
- Levels: 1
- Amenities: Beach Access,Common Laundry,Community Pool,Community Spa/Hot tub,Internet Access,Restaurant,Shopping,Sidewalk
- Bedrooms: 2
- Baths: 2 full
- Complex: OLDE MARCO INN
- Development: MARCO ISLAND
- Year Built: 2001
- Approx Sq. Feet: 961
- Est. Taxes: $3,281
- Condo Fee: $2,360 Quarterly
- Lot Desc: Zero Lot Line
- View: Partial River
- Community Type: Condo/Hotel
- Private Pool: Yes
- Pet Policy: Not Allowed
- MLS#: 226016408
- Website: https://www.raveis.com
/prop/226016408/140palmst_marcoisland_fl?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Pedro DelgadilloInsurance Sales Director, William Raveis Insurance
305.922.5393
Pedro.Delgadillo@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
140 Palm ST, Marco Island, FL, 34145
$489,900
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $391,920 | $391,920 | $391,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.730% |
| Monthly Tax Payment | $273 | $273 | $273 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,347 | $2,445 | $3,200 |
| Total Monthly Payment | $2,695 | $2,793 | $3,548 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388