$899,000
3 Bed Waterfront Home for Sale in Marco Island
1105 Gayer Way 202, Marco Island, FL, 34145
About this home
Waterfront living meets boating convenience at Waterway Cove, an intimate, low-density community on a quiet Marco Island cul-de-sac. This beautifully renovated three-bedroom, two-bath condo includes a private 27-foot boat slip with direct Gulf access through Collier Bay, placing open water approximately one mile away. Designed to live more like a single-family residence, the home features an attached one-car garage with epoxy flooring and additional storage, a private enclosed entry foyer, vaulted ceilings, impact-resistant windows and sliders, and tile flooring throughout. A screened lanai overlooking the waterfront creates a peaceful setting for enjoying the coastal surroundings. The renovated kitchen is thoughtfully appointed with quartz countertops, an oversized island with breakfast bar, stainless steel appliances, custom cabinetry with soft-close and pull-out drawers, and generous storage. The spacious primary suite features a walk-in closet with built-ins and an updated bath with dual sinks, separate tub and shower, and private water closet. The guest bath offers a walk-in shower, while the third bedroom provides added versatility as an office with pocket doors, closet, and built-in granite work surface. A dedicated laundry room includes a full-size washer and dryer. Additional highlights include a new roof in 2023, flood insurance included in the quarterly fees, Wi-Fi and cable, and electric and water service at the dock. The community offers a heated pool and spa and is pet-friendly. With just eight residences—four per building—Waterway Cove provides a sense of privacy rarely found in condominium living. An adjacent private pathway offers an easy stroll to the restaurants, shops, and charm of Historic Olde Marco Village. Marco Island Residents’ Beach and Collier County beach access add even more opportunities to enjoy the island lifestyle. For boaters seeking direct Gulf access, a private slip, garage, impact glass, waterfront views, and a beautifully updated residence, this Waterway Cove home brings together an impressive combination of features in one distinctive Marco Island setting.
Property details
- Type
- Condominium
- Year built
- 1999
- Interior
- 1,850 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- 1 car
- Days on market
- 0
- Total association fees
- $16,400/yr (~$1,367/mo)
- CDD
- None
- Est. taxes (1.4%)
- $12,586/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- East
- 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
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 6 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 |
|---|---|---|---|---|---|
| 1079 Bald Eagle Drive N703 | Dec 2025 | $1,050,000 | 2/2 | 1,995 | $526 |
| 851 Perrine Court | Jun 2026 | $850,000 | 3/2 | 2,049 | $415 |
| 6000 Royal Marco Way 254 | May 2026 | $875,000 | 2/2 | 1,924 | $455 |
| 111 La Peninsula Boulevard 111 | Jan 2026 | $725,000 | 2/2 | 1,760 | $412 |
| 790 W Elkcam Circle 103 | Sep 2025 | $780,000 | 3/2 | 1,660 | $470 |
| 161 Tahiti Circle | Apr 2026 | $865,000 | 3/2 | 1,846 | $469 |
| Average | 6 comps | $857,500 | $458 |
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.
The good, the trade-offs & the location
- Waterfront
- Storm protection: Impact Windows/Doors
- Built 1999 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
- Higher association fees (~$16,400/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.