$1,850,000
3 Bed 3 Bath Waterfront Condominium for Sale in MONTERREY AT CAPE MARCO, FL
980 Cape Marco Drive 1408, Marco Island, FL, 34145
About this home
Welcome to Cape Marco- the prestigious Monterrey building. Residence 1408 captures the essence of Marco Island luxury living—where sweeping Gulf vistas, refined interiors, and world-class amenities come together in one exceptional home. This beautifully appointed condominium offers approximately 2,451 square feet of thoughtfully designed living space, arranged to maximize comfort and highlight the breathtaking water views Cape Marco is known for. Expansive windows and a spacious Gulf-front balcony frame the coastline like a living work of art, filling the residence with natural light and unforgettable sunsets. A rare advantage in high-rise living, Unit 1408 includes two dedicated parking spaces, providing convenience, security, and effortless access—especially valuable during the busy winter season. Residents of Cape Marco enjoy an unparalleled amenity lifestyle, including a private beach, resort-style pool and spa, fitness center, tennis courts, walking paths, and 24-hour security. Life here offers a front-row seat to the beauty of the Gulf Coast, and a daily rhythm defined by relaxation, luxury, and natural splendor. Whether you’re seeking a full-time coastal retreat or a seasonal escape, this residence delivers an elevated living experience that embodies everything people love about Marco Island.
Property details
- Type
- Condominium
- Year built
- 1996
- Interior
- 2,451 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- 2 car
- Days on market
- 21
- Total association fees
- $24,984/yr (~$2,082/mo)
- CDD
- None
- Est. taxes (1.4%)
- $25,900/yr
- Flood zone (area est.)
- Not available
- Storm protection
- None listed
- Exposure
- Southwest
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — Gulf frontage
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- 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
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
Based on the $/sqft of 5 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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Your notes on this home
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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.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 960 Cape Marco Drive 506 | May 2026 | $2,200,000 | 3/3 | 2,632 | $836 |
| 930 Cape Marco Drive 1204 | Dec 2025 | $1,875,000 | 3/3 | 2,340 | $801 |
| 870 S Collier Boulevard 104 | Dec 2025 | $1,700,000 | 3/3 | 2,340 | $726 |
| 840 S Collier Boulevard 1405 | Mar 2026 | $1,500,000 | 3/3 | 2,325 | $645 |
| 1001 Mendel Avenue | Jul 2026 | $2,100,000 | 4/3 | 2,335 | $899 |
| Average | 5 comps | $1,875,000 | $781 |
Market trends — Marco Island
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 $37,000 (2%) from the original list price.
| Apr 27, 2026 | Sold | $1,813,000 |
| Feb 17, 2026 | Listed | $1,850,000 |
The good, the trade-offs & the location
- Gulf access (Direct — Gulf frontage)
- 2-car garage
- Built 1996 — pre-2002 construction may carry older wind codes and higher insurance
- Higher association fees (~$24,984/yr)
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.