$1,350,000
3 Bed 3 Bath Waterfront Condominium for Sale in MERIDA, FL
990 Cape Marco Drive 1101, Marco Island, FL, 34145
About this home
Welcome to your slice of paradise at the prestigious Merida at Cape Marco where every day feels like a vacation. This beautifully refreshed penthouse residence offers the privacy everyone wants with no one above you in a distinctive step-down penthouse unit that enhances both space and views. Featuring 3 bedrooms, this oceanfront retreat blends coastal elegance with relaxed island luxury. The spacious primary suite features a king-sized sanctuary with serene views, an en-suite bath with soaking tub and walk-in shower the perfect place to unwind after a day in the sun. The guest bedroom offers a queen bed with plush comfort, while the versatile den serves as an additional sleeping space with a queen sleeper, ideal for hosting family and friends who suddenly decide they need an “island getaway.” The open-concept living space feels light and airy with refreshed furnishings and effortless flow. The fully equipped kitchen is ready for everything from casual beach-day breakfasts to sunset dinners at home, and the in-residence washer and dryer add everyday convenience. But the true showstopper? The expansive wraparound balcony. This elevated penthouse position allows you to enjoy panoramic views in every direction from the sparkling Gulf of Mexico to the lights of Marco Island giving you a front-row seat to sunrise, sunset, and everything in between. Morning coffee tastes better with salt air, and evening cocktails pair perfectly with painted skies. Residents of Cape Marco enjoy direct beach access along with upscale amenities including a fitness center, tennis courts, and the privacy of a gated community. If you’ve been dreaming of luxury, privacy, sweeping views, and that unmistakable Marco Island lifestyle where flip-flops count as formalwear and the Gulf is your backyard this is your opportunity. Welcome to penthouse island living.
Property details
- Type
- Condominium
- Year built
- 1992
- Interior
- 1,756 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- 1 car
- Days on market
- 3
- Total association fees
- $21,204/yr (~$1,767/mo)
- CDD
- None
- Est. taxes (1.4%)
- $18,900/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- 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.
Amenities
Based on the $/sqft of 4 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.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 990 Cape Marco Drive 201 | May 2026 | $1,300,000 | 3/3 | 1,756 | $740 |
| 980 Cape Marco Drive 602 | Jan 2026 | $1,295,000 | 2/2 | 1,820 | $712 |
| 910 Panama Court 402 | Jul 2026 | $1,150,000 | 3/2 | 1,920 | $599 |
| 1111 Swallow Avenue 1-602 | Oct 2025 | $1,165,000 | 3/3 | 1,907 | $611 |
| Average | 4 comps | $1,227,500 | $666 |
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
Up $240,000 (17.8%) from the original list price.
| Apr 6, 2026 | Sold | $1,590,000 |
| Mar 3, 2026 | Listed | $1,350,000 |
The good, the trade-offs & the location
- Waterfront
- Storm protection: Impact Windows/Doors
- Built 1992 — pre-2002 construction may carry older wind codes and higher insurance
- Higher association fees (~$21,204/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.