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$1,200,000

For Sale - Active
174 S Collier Blvd Unit 304, Marco Island, FL 34145
2 Beds
2 Baths
1,550 Square Feet
0.00 Acres Lot
Built in 1980
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Aug 30, 2025 at 10:08AM

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$2,138
Cap Rate
4.0%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.0%

Property Description


0.00 Acres Lot
Built in 1980
For Sale - Active
Units n/a

Gulf-Front Luxury with Private Beach Access. Experience the pinnacle of coastal living in this elegant beachfront condominium residence at the prestigious Princess Del Mar. Perfectly positioned on the Gulf of Mexico at the center of Marco Island's crescent beach; this third-floor, 2 BED | 2 BATH condo offers sweeping Gulf and sand views, open green space vistas, private beach access, and a resort-style lifestyle tailored to the discerning buyer. Spanning 1,550 square feet, the home features impact-rated windows and doors and tasteful high-end finishes like crown molding, diagonally laid tile with plush carpeting, and a luminous open-concept design living and dining area with wet bar. The gourmet kitchen includes ample white cabinetry with underlighting, granite countertops, glass tile backsplash, stainless steel appliances, a cozy breakfast bar for kitchen chats, a spacious pantry and it features a tray ceiling with ambient lighting. A spacious living area opens via corner wall slider's to a large 33 ft lanai with uninterrupted Gulf vistas, ideal for catching the stunning sunset. The primary suite offers spa-inspired luxury with three closets and a serene en-suite bath. A well-appointed guest suite features wood floors with built-ins for generous storage that doubles as office space, with its own private balcony. Additional highlights include in-unit laundry, garage parking #54, storage locker #304, and premium amenities: a Gulf-facing pool and spa, fitness center, guest suites, tennis, pickleball, shuffleboard, library and more. Princess Del Mar sets the standard for beachfront elegance on Marco Island

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Location


Property Details


Parking

  • Description: Assigned, Covered, Detached, Garage, OneSpace
  • Details: Assigned, Deeded, Detached, Underground, Garage, Electric Vehicle Charging Station(s)
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 13

Exterior Features

  • Roof Material: Built-Up, Flat
  • Pool Community: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 68540640001
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Contemporary, High Rise
  • Year Built: 1980

Tax Information

  • Annual Tax: $4,057

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

Location

  • County: Collier

Listing Details


Listed by:
Patrick Wilkins
Re/Max Alliance Group
(239) 290-8593

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225045723
Florida Gulf Coast Multiple Listing Service

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$2,138
Cap Rate
4.0%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.0%

Purchase Details

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Purchase price:
$1,200,000
Amount financed:
-$960,000
Down payment:
$240,000
Closing costs:
$36,000
Rehab costs:
$0
Initial cash invested:
$276,000
Square feet:
1,550
Cost per square foot:
$774
Monthly rent per square foot:
$4.06

Financing Details

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Loan amount:
$960,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$6,147
Property tax:
$338
Insurance:
$441
Private mortgage insurance (PMI):
$0
Monthly payment:
$6,926

Operating Income

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% Rent Monthly Yearly
Gross rent:
$6,300 $75,600
Vacancy loss: (6%)
6% -$378 -$4,536
Operating income:
$5,922 $71,064

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$338-$4,058
Insurance: (7%)
7%-$441-$5,292
Property management: (8%)
8%-$504-$6,048
Repairs & maintenance: (5%)
5%-$315-$3,780
Capital expenditures: (5%)
5%-$315-$3,780
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$1,913-$22,958

Cash Flow


Monthly Yearly
Net operating income:
$4,009 $48,108
Mortgage payments:
-$6,147 -$73,764
Cash flow:
-$2,138 -$25,656