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$620,000

For Sale - Active
58 N Collier Blvd Apt 1214, Marco Island, FL 34145
2 Beds
2 Baths
1,122 Square Feet
0.00 Acres Lot
Built in 1975
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Aug 29, 2025 at 06:30PM

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
-$149
Cap Rate
5.9%
Cash-on-Cash Return
-1.3%
Debt Coverage Ratio
0.95
Internal Rate of Return (5 years)
2.8%

Property Description


0.00 Acres Lot
Built in 1975
For Sale - Active
Units n/a

Welcome to this exquisitely updated 2 bedroom and 2 bathroom beachfront condo on Marco Island’s crescent beach. One of only a handful of corner units in the building with an additional 51 sq feet of living space than the rest of the units, the sweeping SOUTHERN views of the beach and Gulf can be seen from the living room with its new glass balcony railing. All windows and sliders are impact glass. Evening twinkling lights of the island can be viewed from the floor to ceiling windows from the kitchen. The magnificently updated kitchen with a savvy breakfast bar, Wolf appliances, wine fridge and gorgeous cabinetry make meal prep a dream! Wood look luxury vinyl flooring, crown molding, enhanced lighting, solid wood doors and beautifully updated bathrooms with walk-in showers are evidence that no detail was overlooked. Gulfview has a large heated pool, sun deck area, tiki hut, grills, beach access, community room, exercise room, extra storage, multi-level covered parking garage, bicycle storage, tennis, pickleball, secured lobby, and on-site management. The location of this property is unmatched, situated next to Resident’s Beach, with easy access to Marco Island’s finest dining, shopping, and entertainment options. This condo is a true gem! Featuring upscale design, stylish furnishings, and an unbeatable location, this is a rare opportunity to own a piece of paradise on Marco Island. Your dream coastal lifestyle awaits.

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Location


Property Details


Parking

  • Details: Attached, Garage
  • 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: 2
  • # of Stories: 1

Exterior Features

  • Roof Material: Built-Up, Flat

Land Information

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

Lot Information

  • Parcel ID: 48425920002
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Other, Ranch, One Story, High Rise
  • Year Built: 1975

Tax Information

  • Annual Tax: $5,073

Utilities

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

Location

  • County: Collier

Listing Details


Listed by:
Wendy McCarty
Keller Williams Marco Realty
(239) 293-6476

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225066154
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
-$149
Cap Rate
5.9%
Cash-on-Cash Return
-1.3%
Debt Coverage Ratio
0.95
Internal Rate of Return (5 years)
2.8%

Purchase Details

Find an Agent

Purchase price:
$620,000
Amount financed:
-$496,000
Down payment:
$124,000
Closing costs:
$18,600
Rehab costs:
$0
Initial cash invested:
$142,600
Square feet:
1,122
Cost per square foot:
$553
Monthly rent per square foot:
$4.46

Financing Details

Find a Lender

Loan amount:
$496,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,176
Property tax:
$423
Insurance:
$350
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,949

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$5,000 $60,000
Vacancy loss: (6%)
6% -$300 -$3,600
Operating income:
$4,700 $56,400

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$423-$5,073
Insurance: (7%)
7%-$350-$4,200
Property management: (8%)
8%-$400-$4,800
Repairs & maintenance: (5%)
5%-$250-$3,000
Capital expenditures: (5%)
5%-$250-$3,000
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (33%)
33%-$1,673-$20,073

Cash Flow


Monthly Yearly
Net operating income:
$3,027 $36,324
Mortgage payments:
-$3,176 -$38,112
Cash flow:
-$149 -$1,788