$1,399,900
3 Bed Waterfront Home for Sale in Marco Island
980 Cape Marco Drive 1404, Marco Island, FL, 34145
About this home
Perched on the 14th floor of the prestigious Monterrey at Cape Marco, this 3-bedroom, 2.5-bathroom condo delivers unparalleled views of the Gulf that will steal your breath every single day. One of the most coveted floorplans, spanning 2,112 square feet, this residence blends coastal elegance with exciting renovation potential — a rare canvas waiting for your personal vision. The spacious primary suite opens directly onto a private balcony where sunsets become a nightly experience. Inside, you'll find a generous walk-in closet and a refined ensuite featuring dual vanities, a luxurious soaking tub, and a walk-in shower. The updated black-and-white jack-and-jill bathroom serves the remaining bedrooms with contemporary flair. In the kitchen, granite countertops pair beautifully with crisp white cabinetry and a custom backsplash, all framed by those gorgeous Gulf views. Tile flooring flows seamlessly through the main living areas, while in-unit laundry adds everyday convenience. Monterrey at Cape Marco spoils its residents with an impressive suite of amenities — direct beach access, a community pool, tennis courts, fitness center, sauna, library, billiards room, fishing pier, boat dock, and extra storage. A vehicle wash area and community gathering spaces round out this resort-caliber lifestyle. Just moments from Caxambas Park, local dining favorites like Snook Inn and Doreen's Cup of Joe, and convenient shopping at the Shops of Marco, everything Marco Island offers is nearby. This is coastal living elevated — ready for its next owner.
Property details
- Type
- Condominium
- Year built
- 1996
- Interior
- 2,112 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- 1 car
- Days on market
- 88
- Total association fees
- $24,984/yr (~$2,082/mo)
- CDD
- None
- Est. taxes (1.4%)
- $19,599/yr
- Flood zone (area est.)
- No · Low risk (X)
- 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
- 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
Flood risk shown is an area-level estimate and can differ from a specific unit's actual FEMA designation (which varies by structure and elevation). Look up this address on the FEMA Flood Map and verify with a licensed insurance agent before relying on it.
Based on the $/sqft of 3 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 |
|---|---|---|---|---|---|
| 1061 S Collier Boulevard 501 | Feb 2026 | $1,225,000 | 3/3 | 1,975 | $620 |
| 1070 S Collier Boulevard 602 | Feb 2026 | $1,200,000 | 4/3 | 2,140 | $561 |
| 1121 Swallow Avenue 2-701 | Mar 2026 | $1,385,000 | 3/3 | 2,159 | $642 |
| Average | 3 comps | $1,270,000 | $608 |
Market trends, Monterrey At Cape Marco
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $149,900 (10.3%) from the original list price.
| Sep 2, 2026 | Sold | $1,300,000 |
| Jun 1, 2026 | Price reducedfrom $1,449,900 | $1,399,900 |
| May 4, 2026 | Listed | $1,449,900 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Gulf access (Direct — Gulf frontage)
- 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.