Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    55 Covewood Ct Marco Island, FL 34145

    View on Map
    Sponsored
    For Sale
    $1,550,000

    LAND - Marco Island, FL

    Type:Single Family Residence
    Lot size:
    0.28 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 20 at 12:20 am

    Property Features for 55 Covewood Ct

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    56805880000
    Lot size
    0.28 Acres

    Utilities

    Utilities
    Electricity Available
    Water source
    Public
    Water front features
    Seawall
    Water front
    1

    We can help!

    Listing Contact
    Dan Boyle
    Dan Boyle

    Land & Sea International Realty (239) 970-5132

    Listing agent Dan Boyle (239) 970-5132

    Listing date Mar 17, 2026

    MLS# 2260608

    Copyright © 2026 Marco Island Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Waterfront Key Lot Opportunity

    This waterfront key lot is located on a quiet cul-de-sac and features 156 feet of direct waterfrontage. The property includes a newer seawall installed in 2017. The oversized lot offers expansive views and easy access for boating and kayaking. It is located close to Publix, shopping, and dining, offering a rare opportunity to create a custom residence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Nail Salon Building Supply Gym & Fitness Center Pharmacy Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marco Island
    County
    Collier
    State
    Florida
    Longitude
    -81.696061
    Latitude
    25.937256

    Nearby Similar for Sale

    • $320,000

      Marco Island Marina Boat Slip

      40' boat slip in Marco Island Marina for sale.
      1402 N Collier Blvd, Marco Island, FL 34145
      View Details
    • $550,000
      936 SF

      Marco Island Commercial Condo

      C5 zoned commercial condo for business, car storage, warehouse.
      960 Chalmer Dr, Marco Island, FL 34145
      View Details
    • $1,660,000
      1,760 SF

      Unique Marco Island Commercial Retreat

      C-5 Zoned property with luxury amenities in Marco Island.
      994 N Barfield Dr, Marco Island, FL 34145
      View Details
    • $775,000
      1,600 SF

      Marco Island Commercial Opportunity

      Commercial property across from JW Marriott on Marco Island.
      291 S Collier Blvd, Marco Island, FL 34145
      View Details
    • $795,000
      0.33 Acres

      Marco Island Land in Hideaway

      Land in Hideaway Beach Club with access to many amenities.
      394 Wild Coffee Ln, Marco Island, FL 34145
      View Details
    • Contact for pricing

      Marco Island Retail Center

      Redeveloped retail center with high visibility and accessibility.
      648 Bald Eagle Dr, Marco Island, FL 34145
      View Details
    • $130,000

      Esplanade Marina Boat Slips

      Marina boat slips for sale in Marco Island, Florida.
      760 N Collier Blvd, Marco Island, FL 34145
      View Details
    • Contact for pricing
      5,792 SF

      Marco Island Retail Opportunity

      Retail property available on Marco Island, Florida.
      615 E Elkcam Cir, Marco Island, FL 34145
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront lot with newer seawall, ready for custom residence.
    Where is this waterfront land located?
    The property is located at 55 Covewood Ct Marco Island, FL.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - 156 feet of Direct Waterfrontage; - Waterfront Key Lot on a quiet cul-de-sac; - Newer Seawall (2017)
    (239) 970-5132
    Request Owner's contact information
    55 Covewood Ct Marco Island, FL 34145
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    55 Covewood Ct
    Marco Island, FL 34145
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    55 Covewood Ct Marco Island, FL 34145
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dan Boyle
    Dan Boyle
    (239) 970-5132 (239) 963-6268
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!