$2,500,000
4 Bed Condominium for Sale in Marco Island
160 Palm Street 5, Marco Island, FL, 34145
About this home
Experience elevated island living from this extraordinary 5,150 sq ft penthouse residence in the heart of charming Marco Island. Penthouse 5, perched on the 5th floor, captures sweeping panoramic views of the Island skyline and the shimmering Gulf, all just steps from the iconic Snook Inn and the beloved shops and waterfront charm of Old Marco. Designed for both grand entertaining and relaxed coastal living, this 4-bedroom + study, 4.5-bath residence with a private theater room lives like a luxury single-family home in the sky. Soaring ceilings and walls of sliders wrap the great room, flooding the space with natural light and seamlessly connecting indoors to the expansive covered and screened wraparound balcony. The main level features a spacious primary suite, an impressive great room, chef's kitchen, custom study with built-ins, a private guest suite, half bath, theater room, and laundry. Upstairs, a second owners' suite and a charming bunk room create the perfect retreat for family and guests. A rare opportunity to own a true penthouse in one of Marco Island's most treasured neighborhoods--where timeless charm meets breathtaking views.
Property details
- Type
- Condominium
- Year built
- 2001
- Interior
- 5,132 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- 3 car
- Days on market
- 0
- Total association fees
- $25,752/yr (~$2,146/mo)
- CDD
- None
- Est. taxes (1.4%)
- $35,000/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors
- Exposure
- West
- Waterfront
- No
- 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
We rate a home against recently SOLD homes within ~1 mile that match on size, beds/baths, and age. This home doesn't have enough close comparables in the last 12 months for a reliable read, ask Rick for a personalized CMA.
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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
- Storm protection: Impact Windows/Doors
- 3-car garage
- Built 2001 — pre-2002 construction may carry older wind codes and higher insurance
- Higher association fees (~$25,752/yr)
Straight-line distances to major SWFL amenities, approximate; actual drive times vary.
Similar homes nearby
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.