The benefits of Purchasing a Condo on Marco Island that Allows Weekly Rentals
Most of the condo communities on Marco Island require a minimum rental period of at least 30 days. This can be a great benefit of those who own a condo in the community as it is much quieter and brings less resident turnover. For many Marco Island condo owners this is a must, but it can be a negative attribute if you are hoping to purchase a condo on Marco Island to help generate some extra cash flow with rental income.
If you’re looking to purchase a vacation condo, or a condo to turn into a vacation rental property, no matter where you purchase you will be able to easily rent out your Marco Island condo for the minimum rental period. It is just a bit more profitable to be able to offer a weekly rental, however, as compared to a monthly rental. Marco Island market reports show that monthly rentals produce significant income from January through April and tend to miss out on the income from families just hoping to spend a week’s summer vacation on the island from June through August.
Not all renters will have the time or budget for an entire month on Marco Island. There are some vacationers that consider Marco Island their second home and quickly welcome 30 days or more on Marco Island. For those just looking for a short one-time vacation, however, a month-long rental can seem overwhelming. To be able to offer vacation rental space to shorter-term vacationers you will need to find a condo that allows weekly rentals.
Here are some condo communities on Marco Island that allow weekly rentals
Beachfront condo communities
Somerset
Somerset is located right along a gulf coastal beach and offers all day and night access to the white sand of Marco Island. Somerset is a gated community with paths for early morning jogs and very peaceful walks at the end of the day. The community is full of lush tropical landscaping, has a heated pool, tennis court, and a few barbecues for public use. The dues at Somerset include common expenses such as cable and pest control.
Apollo
Apollo is one of the most sought-after condo communities on Marco Island at the south end. The community is popular for it’s a view of the water from every single unit. Community amenities include a large pool and spa that feel just like those you would find in a large luxury resort. There is also a world-class exercise facility and sports bar. There are two different floorplans available in Apollo.
Sea Winds
This is a 16 story condo building with floorplans ranging from 992 ft.² to 1136 ft.². There are two tropical gardens, a swimming pool, a hot tub, and a sauna for you and your renters to enjoy when you are not spending hours on the beach right outside the door.
South Seas
There are four towers that make up the South Seas condo community and two of the four buildings allow weekly rentals. This community is in the Northwest part of Marco Island right next to Tigertail Beach and the lagoon, a very highly popular spot for recreation. It is a gated complex with six different floorplans. Amenities include tennis courts and boat docks that can be rented out as well as fishing and boat rentals nearby.
Check out all the Beachfront Condo Communities
These beachfront condos are just a small collection of condos on Marco Island that allow for weekly rentals. There are more communities that also allow weekly rentals within walking distance to the beach and all along other waterfronts including the river and the lagoon. For more information on condos that allow weekly rentals, or other Marco Island real estate please contact us anytime.
Posted by Guy Amato on
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