2 Bed Waterfront Home for Sale in Shell Isle
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SoldMLS# 225077341

$825,000

2 Bed Waterfront Home for Sale in Shell Isle

900 Panama Court 4, Marco Island, FL, 34145

2 beds2 baths1,360 sqft
GatedBoatingCommunity PoolWaterfront

About this home

Experience the best of island living in this stunning, fully renovated waterfront condo with direct Gulf access. Every inch of this home has been beautifully designed — from the open, contemporary kitchen to the spacious living areas that flow seamlessly onto a screened balcony overlooking the pool and tranquil waterway to the functional, beautiful California closets. It truly looks and feels like a model home. Enjoy the convenience of your assigned boat dock with lift, perfect for exploring the spectacular 10,000 Islands right from your doorstep. With impact glass windows & doors and a fully shuttered balcony, peace of mind comes standard. Set within an intimate community of only 12 residences, this rarely available end unit offers exceptional privacy with only one shared wall and no one above — it lives more like a home than a condo. The buildings themselves have been well maintained, with new metal roofs and fresh exterior paint completed within the last two years. Step outside and you're just a few blocks from Marco Island's world-famous crescent beach, shops, and dining — or simply relax on your lanai and watch the boats glide by. This is a perfect, move-in-ready coastal retreat for anyone seeking luxury, convenience, and the true boating lifestyle.

Property details

Type
Condominium
Year built
1980
Interior
1,360 sqft
Lot size
Not specified
Acreage
Not specified
Garage
None
Days on market
5
Total association fees
$15,000/yr (~$1,250/mo)
CDD
None
Est. taxes (1.4%)
$11,550/yr
Flood zone (area est.)
Not available
Storm protection
Impact Windows/Doors
Exposure
West
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Public
Sewer
Public Sewer
New construction
No
Pets
Call, Conditional
County
Collier

Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges, mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees, which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.

Maintenance included in the fee

AssociationManagementInsuranceInternetIrrigationWaterMaintenanceGroundsReserveFundSewerWater

What the association dues cover, per the MLS. Confirm the full schedule with the HOA.

Amenities

BoatDockPierPoolManagement
At marketThis home is priced in line with comparable recent sales.
This home
$607/sqft
Comp median
$614/sqft
Difference
-1%

Based on the $/sqft of 11 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.

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Recently sold nearby

Closed comparable sales within ~1 mile in the last 12 months, similar price, size, beds/baths, and age.

AddressSoldSold priceBeds/BathsSq ft$/sqft
880 Huron Court 403Mar 2026$955,0002/21,502$636
880 Huron Court 101Mar 2026$1,028,1252/21,502$685
1141 S Collier Boulevard 307Mar 2026$725,0003/21,368$530
933 Collier Court C402Nov 2025$640,0002/21,330$481
861 S Collier Boulevard S206Aug 2026$778,0003/21,186$656
1100 S Collier Boulevard 1524Dec 2025$800,0002/21,296$617
Average6 comps$821,021$601

Market trends, Marco Island

Median list
$947,000
Median $/sqft
$708
Median sold (90d)
$835,000
Avg days on market
107
Active listings
408
Median sold price · Marco Island
$850,000last 3 months23.1% vs $1,105,000 prior 3 months
Median closed price by month · Marco Island
15.4% MoM32.9% YoY
$713k$1.1M$1.4MJul ’25Sep ’26
$712,500Sep ’26 · 24 sales

Median of closed MLS sales each month over the available window. Months with too few sales are omitted; the range extends automatically as more sales close.

Live area medians from the MLS · see all listings. Indicative, not an appraisal.

Price & status history

Down $7,000 (0.8%) from the original list price.

Dec 11, 2025Sold$818,000
Oct 29, 2025Listed$825,000

The good, the trade-offs & the location

Pros
  • Waterfront
  • Storm protection: Impact Windows/Doors
Consider
  • Built 1980 — pre-2002 construction may carry older wind codes and higher insurance
  • No garage listed
  • Higher association fees (~$15,000/yr)
Location convenienceModerate
Hospital
17.3 mi
NCH Baker Hospital (Naples)
Beach
16 mi
Naples Pier / Beach
Airport
16.8 mi
Naples Airport
Shopping
17.8 mi
Coastland Center (Naples)

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.