Marco is a great rental area especially during the winter season. From a rental perspective, it is important to keep in mind important features such as proximity to the beach, golfing facilities, tennis, shopping, social and recreational activities. Renters commonly look for convenience and amenities.
The "Eckler Team"
Marco island is one of my favorite locations. I would look for a home that has had a good rental history or one that is in such a desirable area that it will command in season and out of season rentals. Marco does have the distinction of getting a lot of European renters. There are tremendous values. I have and will do short sales most of the major companies on the island have shied away from them because of the wait time and have opted for faster closings. I prefer to find value for y clients and will do the additional work necessary to complete difficult purchases, If you have any questions please feel free to call me at 239-659-3272
There are better options.
As an aside, years ago my partner sold Joseph Brennan (Brennan's Bread) a condo here on Marco.
Marco Island is generally a good place to own rental property. Our current market conditions present both positive and negative factors. On a positive note, prices have dropped across the board in FL and Marco Island is no expectation. Many people purchased investment/second home properties that they could just barely afford. When market conditioned changed over the past year, they found themselves in tough situations and may have had to sell their property. On the negative side, the rental market has been flooded with availability so owners have had to lower their rates a little. I do think the lower purchase prices offset the difference in rental income overall, but you have to make the right purchase.
We have helped many people from overseas purchase property in the US including a gentleman from Limerick. We are a buyers-agent firm that only works with buyers. I think Marco Island is a good consideration, and I think there are a few other places you may wish to consider.
Email my operations manager at email@example.com and lets see if we can help you make the right decision.
The Schaffer Realty Group