Marco Island is exhaling. The beaches are quieter, the restaurants a little easier to get into, and the island is settling into that slower, sun-soaked rhythm that locals love and visitors never forget.
Whether you're a full-time resident here all summer, or you've headed home and left a little piece of your heart on the Gulf, this newsletter is your connection to Marco Island all year long—the community, the housing market, and everything else happening in paradise.
MARCO ISLAND NEWS
Marco Island City Council - 2026 Election: “The 2026 Marco Island City Council election will be held on Tuesday, November 3, 2026. If you’re thinking about running, please see the City Clerk.”
In photos: Rare estate priced at $11.5 million on Marco Island: “For the first time in more than four years, a waterfront estate has hit the market in Marco Island's exclusive Hideaway Beach community. The price tag: $11.5 million.”
Marco Island names Joe Belardo as interim police chief: “An interim police chief has been chosen to step in just days after the current long-term Marco Island police chief announced her retirement.”
📊 The Marco Island Market Summary
Months of Inventory: 6.84 (↓ 10.94%)
Sold to List Price Ratio: 94.5% (↑ 0.66%)
Days on Market: 93 (↑ 13.41%)
Median Sold Price: $1,150,000 (No change!)
Single Family & Condos, Townhouses, and Apartments
📉 Mortgage Rate Tracker
Mortgage Rates Average 6.53%
The 30-year fixed-rate mortgage averaged 6.53% this week. Pending home sales have increased three months in a row, indicating there’s latent demand and homebuyers are ready to jump back into the market if mortgage rates decline.
The 30-year fixed-rate mortgage averaged 6.53% as of May 28, 2026, up from last week when it averaged 6.51%. A year ago at this time, the 30-year FRM averaged 6.89%.
The 15-year fixed-rate mortgage averaged 5.87%, up from last week when it averaged 5.85%. A year ago at this time, the 15-year FRM averaged 6.03%.
What Florida's Proposed Property Tax Changes Could Mean for You
DeSantis called for a special legislative session to begin on Monday, when state lawmakers can consider putting a new initiative to make homestead property tax-free on the ballot. If approved, Florida voters would be able to vote on it in November.
DeSantis proposed raising the state's homestead exemption, currently set at $50,000 for owner-occupied houses, to a $250,000 limit. He estimated that this would eliminate property tax for 60% of Florida homeowners.
In general, a "homestead" property in Florida is defined as a person's primary residence, one they must live in and own or have a primary interest in. If the effort succeeds, Florida will become the first state in the nation with no property taxes.
If you’d like to see how this proposal could affect your property tax bill, visit the official Save Our Homes website for more information and a helpful home-by-home calculator tool.
Interested in What Your Home is Worth?
If you’d like to understand your home's current value, are thinking about selling, refinancing, or simply want to know where you stand, I'm offering readers of the Marco Island Insider a complimentary, personalized Comparative Market Analysis (CMA) for your home on a first-come, first-served basis. You'll receive:
Your estimated home value range based on current market conditions and your home's unique features
Active listing comparison showing what's competing with your home right now and how yours stacks up
Recent neighborhood sales data including price per square foot, days on market, and final sale prices vs. asking prices
No obligation, just real data to help you make informed decisions about one of your most important investments!
Have a great start to your summer,
Edward Karas
REALTOR® | PSA | RSPS | C2EX
Premiere Plus Realty
(239) 388-7715 | [email protected]
