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Monterrey a diamond in Cape Marco - Friday, May 22, 2009

Recently I shared the positive news on sales in Cape Marco through April 30, 2009. Cape Marco is a shining star for real estate on Marco Island Florida. The six buildings offer a variety of amenities and have a nice selection among the different price ranges beginning at $599,000.

One building has achieved very positive results this year and is worthy of your consideration. The Monterrey has already closed three sales in 2009, compared to five in all of 2008. Additionally Monterrey has three more units under contract (pending). The success is driven by the excellent location, beautiful amenities and value relative to the Cape Marco development. To illustrate the average selling price for Cape Marco in 2008 was approximately $1.5 million. The average selling price for the Monterrey building was approximately $830,000. It's a great place and definitely worth a look when you visit Marco Island.

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