Chris Sullivan Of Re/Max Alliance Group Represents Buyer In $7.2M Marco Island Condo Sale
970 Cape Marco Drive
$7,200,000
$426/SF
Building Size
16,900 SF
Asset Type
Condo
Closing
Sep 9, 2026
About this deal
AI
A 16,900-square-foot penthouse located at 970 Cape Marco Drive in Marco Island, Florida was sold for $7.2 million, establishing a new condo sales record in the Cape Marco neighborhood. The property features six bedrooms and had been on the market for over two decades, with the final asking price set at $7.785 million prior to closing on August 31.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,200,000
- Address: 970 Cape Marco Drive
- Market: Marco Island, FL
- Square Footage: 16,900
- Price Per Square Foot: $426
- Buyer's Representative: Chris Sullivan - Re/Max Alliance Group
- Seller's Representative: Cathy Rogers - Premier Sotheby’s International Realty
Chris Sullivan represented the buyer in this transaction, while Cathy Rogers acted as the seller's representative, confirming their roles in this record-setting sale in the area.
On the Map
$7,200,000
$426/SF
Condo
View full map
Players
Marco Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Deal FAQ
Visit Chris Sullivan to view all their deals.
Browse Florida condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93