160 Palm Street #208 | MLS #226021490 | Suncoast Realty Solutions
 
Listing provided courtesy of John R Wood PropertiesMLS# 226021490MLS Provider
  • 26 days on site
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Discover a rare investment opportunity at Olde Marco Inn - Unit 208, a beautifully updated 2-bedroom, 2-bath condo located in the highly desirable historic Olde Marco district of Marco Island. With daily rentals permitted--an uncommon feature on the island--this property offers exceptional income potential combined with personal use flexibility. Boasting a strong rental history, this turnkey residence allows owners to generate immediate income while enjoying their own island getaway. Owners have the option to self-manage or utilize the on-site rental program for a more hands-off approach. The condo has been thoughtfully updated and tastefully furnished, featuring a modern kitchen with white shaker cabinets and stainless-steel appliances, renovated bathrooms, plantation shutters, and new furnishings throughout. Major improvements include impact-resistant windows, a new HVAC system (2023), and water heater (2023). An oversized screened lanai, also accessible from the owner's suite, provides a relaxing space for guests to enjoy the island breeze--an attractive feature for vacation renters. Located in the heart of historic Olde Marco, enjoy live music, boutique shops, galleries, and restaurants right at your doorstep. Waterfront dining at the iconic Snook Inn is just steps away, and an easy golf cart or bike ride takes you to Marco Island's famous six miles of white sand beaches. As an added benefit, property ownership on Marco Island provides eligibility for a Resident Beach Pass, offering exclusive beach access for owners. Community amenities include a pool and spa, further enhancing guest experience and rental appeal. Whether you're looking to expand your investment portfolio or secure a personal retreat with income potential, this property delivers the ideal combination of location, flexibility, and return.

Source: Florida Gulf Coast, MLS#: 226021490

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  • Property Type
    Residential

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  • Median Age
    67
  • Population Density
    427
  • College Educated
    50%
  • Estimated Median Income
    $84,288
  • Estimated Total Home Owners
    8,042
  • Estimated Total Renters
    1,014
  • Owner / Renter Divide
    89% / 11%
  • Estimated Average Household Size
    2
  • Total Population
    17,963
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 160 Palm Street #208


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.