$1,399,000
3 Bed 3 Bath Waterfront Condominium for Sale in MERIDA, FL
990 Cape Marco Drive 201, Marco Island, FL, 34145
About this home
Experience coastal living at its finest in this spacious turnkey sought after end-unit residence in the exclusive Merida at Cape Marco. With three bedrooms and sweeping panoramic views, this home captures the essence of refined island living with a modern, sophisticated touch. From the moment you enter, you’re greeted by an abundance of natural light and an open, airy layout designed to showcase the breathtaking surroundings. The living space flows effortlessly, anchored by a designer-inspired aesthetic featuring a Restoration Hardware Cloud sofa and a stunning 65” Frame TV, creating a space that is both stylish and inviting. The primary suite is a private retreat, offering tranquil Gulf views and an en-suite bath. Two additional guest bedrooms provide exceptional comfort and flexibility, ideal for hosting family and friends in true resort-style fashion. The kitchen is thoughtfully equipped for everyday ease and entertaining, complemented by recent upgrades including a new refrigerator (2024), microwave (2023), and in-residence washer and dryer (2023). This residence has been enhanced with valuable, high-end improvements, including brand new impact windows and sliders throughout (2024) and motorized shades and window treatments, offering both convenience and peace of mind. Designed for seamless indoor-outdoor living, the expansive wraparound balcony invites you to take in wide-open panoramic water views from multiple vantage points. It’s the kind of space you’ll naturally gravitate to—whether starting your day with sunrise and coffee or winding down as the sky changes colors at sunset. Located within the prestigious gated community of Cape Marco, residents enjoy direct beach access along with premier amenities including a fitness center and tennis courts, all set within one of Marco Island’s most private and sought-after enclaves. This is more than a residence—it’s a lifestyle defined by luxury, privacy, and unforgettable views.
Property details
- Type
- Condominium
- Year built
- 1992
- Interior
- 1,756 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- 1 car
- Days on market
- 19
- Total association fees
- $21,204/yr (~$1,767/mo)
- CDD
- None
- Est. taxes (1.4%)
- $19,586/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — Gulf frontage
- 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
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
Based on the $/sqft of 3 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 |
|---|---|---|---|---|---|
| 990 Cape Marco Drive 1101 | Apr 2026 | $1,590,000 | 3/3 | 1,756 | $905 |
| 980 Cape Marco Drive 1702 | Apr 2026 | $1,600,000 | 3/2 | 1,820 | $879 |
| 980 Cape Marco Drive 602 | Jan 2026 | $1,295,000 | 2/2 | 1,820 | $712 |
| Average | 3 comps | $1,495,000 | $832 |
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 $125,000 (8.8%) from the original list price.
| May 4, 2026 | Sold | $1,300,000 |
| Apr 8, 2026 | Price reducedfrom $1,425,000 | $1,399,000 |
| Mar 25, 2026 | Listed | $1,425,000 |
The good, the trade-offs & the location
- Gulf access (Direct — Gulf frontage)
- 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.