Lots for Sale!
Buy a Lot on Marco Island and get Your Piece of Paradise...While you still can.... Think of it as your "Real Estate CD"
I would like to offer you our assistance. Because we are known as "THE LOT GUYS" throughout our local real estate community, I have developed a great working relationship with all of the top builders on Marco Island. Since 1987, I have been involved in and watched Marco's lot market exceed many of my clients dreams.
We have many happy customers who are glad they allowed Dave to help them purchase a lot on Marco Island and act as liaison between them and the builder of their choice. We know how confusing it can be to shop builder's and try and compare the different model homes on Marco. We can help you make sense of all of the different prices, options, building requirements, etc. . .
But first we should help find you a lot based on your specifications. In order to do this, let's start by learning about the different types of lots on Marco and how they are priced.
Between 1964 - 1965 Deltona Corporation started building seawalls to create Marco Island Waterways. They built approximately 120 miles of seawalls on Marco Island. The first seawalls were constructed in wood with whaler tieback systems. They soon converted to cement reinforced with a mixture of wire mesh and steel rods. The cement slabs were 4 to 5 inches thick and 10 to 12 feet in height.
There are 3 types of lots on Marco:
- Water front (Direct Access = Will accommodate sailboats and large yachts, no bridges)Lots
- Water front (Indirect Access)Lots
- Inland Lots
Streets on Marco are mostly "Cul-de-Sacs"
Real estate investments in this tropical paradise, like precious gems have increased substantially in value since the development of Marco Island began thirty years ago.
Approximately 90 percent of the original purchasers of lots on Marco Island had such faith in the plan for the finest community in America that they bought them sight unseen. They climbed up a steel tower and the salesman pointed out in the mangroves and said, "Your lot will be right about there!"
25 years ago, waterfront lots on Marco Island were priced as low as $5,495. The highest priced lot was $21,000! Today waterfront lots are selling from $800,000. to over four million dollars. Inland lots start at around $300,000. In just the last few years we have seen a dramatic increase in lot values due the diminishing supply. More and more people are now buying lots, not only for speculation but also to build their dream homes on. The laws of "Supply and Demand" are certainly driving our lot market today in a way never seen before.
Of the original 9800 lots available for purchase on Marco Island, just over 100 water front lots are offered for sale today and it should be pointed out that 604 have sold in 1997. In 1998, we saw 633 lots sell on Marco. Back in 1988 alone, more than 1400 lots were sold. Over the last five years we have seen an average of 3 lots sell EVERY DAY on our small island, with prices escalating dramatically year after year.
At the rate that our market is creating new homes, it is reasonable to expect that, if the trend continues as it has since 1987, that most of all of the now vacant lots will have homes on them by the year 2006. We presently have approximately 350 homes under construction. It has been like this for the last several years. In fact, most of the homes you see on Marco Island were built in the last 7-8 years.
Remarkably, there are some excellent, even extraordinary, buys in waterfront as well as inland lots available on the market today. There are waterfront lots with extraordinary views with asking prices that are less the $1,000,000. There is a selection of direct access (sailboat access) lots for less than $1,500,000. We even have some beach front lots available for less than five million dollars!
Since there are no new waterfront communities planned in America and since environmental regulations now prohibit their creation, it is a reasonable assumption that property values will continue to escalate over the long term, and perhaps even the very short term like it has in just the last couple of years. Marco Island remains one of Florida's best kept secrets. This will not last forever. When looking at purchasing Marco Island lots it is important to look at 3 investment "ways of thinking".
- One should try to look at in waterfront lots that are at the bottom of the price range, for example any waterfront lot that is price under $1,000,000. "Just get one on the water while you can".
- Another approach is to look at buying a waterfront lot with the best possible view at the best price of other lots with similar views. Always remember, "view dictates price on Marco Island". "The more water you see, the more money you pay!"
- If anyone is interest in making a small investment in Marco Island lots one should purchase "inland lots that are "walking distance to the beach". These can be purchased for as little as $500,000. today. But hurry, there are only a few left. Please remember that banks will loan as much as $1 million dollars. to anyone interested in purchasing inland lots in Naples that are within walking distance to their beach.
Dave Kaster "The Lot Guy" would like the opportunity to discuss your thoughts in more detail. We can send you a list of all of the lots for sale along with "plat maps" based on your specifications (ie, price range, island location ,etc..). Then, when you are ready to build , we can introduce you to the top builders on Marco Island. Please email "The Lot Guys" with any special requirements or questions you may have. We can best be reached on my direct line (239) 642-2000. I look forward to hearing from you soon and to the opportunity to be of service. Don't be someone who only can say, "I would have, could have and should have"., but rather , " I did and now I have "My Piece of Paradise"!
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