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Bean Group
Offered at $1,800,000Active
beds
5
baths
4
sq ft
3,754
Built
1987

821 Palm Street

Marco Island, FL 34145

About this home

Perfectly situated on the corner of Palm Street and Edington Place, this exceptional 2-unit property in Old Marco offers a rare opportunity for investors, or buyers, seeking flexible living options. The residence features (2) fully furnished units: Unit A has all the amenities and awaits potential remodel, if desired; Unit B is bright and fully remodeled and ready for prime income, if desired Both units have a spacious layout with a one-of-a-kind floor plan ideal for generating rental income, creating a family compound, or living in one unit, while renting the other. Each unit has access to a private garage. Both units sit upon professional landscaping, which enhances both curb appeal and privacy, while the pool and water access beckon the Florida lifestyle experience, especially with direct access to the Gulf of America. Each unit offers excellent canal views and frequent osprey activity. Unit A includes 2 bedrooms with private balconies, 2 bathrooms, and a loft with a full laundry room, kitchen, dining and living room with balcony. Unit B is newly remodeled, including quartz counters, tile floors, wine-cooler, washer & dryer. 3 bedrooms, 4 balconies, 2 bathrooms, galley kitchen, ample living room and dining area. Additional highlights include four separate A/C units along with individual water and power connections for each unit, 6+ parking spaces (including 2 private garages). Large walk-out basement with storage cabinets, and 2 air-conditioners allow for ample storage or wreck-room. Offering exceptional versatility and strong investment potential, this Old Marco property is within walking distance to shops and restaurants, including the famous Snook Inn and stands out as a true gem, waiting for the unique buyer.

Listing last checked: Listing updated:

Listed by Joe Bartos, PA, Mary Bartos · Premiere Plus Realty Company · MLS #225082012

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Details at a glance

Interior4 property facts
Rooms
0
Heating
Central, Electric
Cooling
Central Air, Electric
Flooring
Carpet, Tile, Wood
Building4 property facts
Style
Duplex
Year built
1987
Garage
2
Roof
Metal
Land & utilities4 property facts
Lot size
0.35 acres
Water
Public
Sewer
Public Sewer
Waterfront
Y
Financial3 property facts
Annual taxes
$13,206
Assessment year
2024
HOA fee
$0 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $1,800,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$10,202 / monthAdjust
Principal & interest
$9,102
Property tax
$1,100
Insurance
Not entered
HOA
$0

Listing annual taxes: $13,206. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.

Partial estimate: add insurance to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

Price and status timeline

  1. Sld

    $1,550,000 · Sold $1,400,000 · Mar 29, 2021

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About 821 Palm Street

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