Single Vote Decides Marco Island’s $23 Million Bond Referendum
According to Coastal Breeze News:
Marco Island’s bond referendum, which was put forward on the ballot during this month’s primary election to authorize $23 million for transportation improvements, was officially passed by a single vote.
The Collier County Canvassing Board officially confirmed the totals on Friday, after recounting all 4,675 ballots and counting the votes both by machine and by hand in a publicly accessible meeting. In total, 2,259 people voted for the bond referendum, and 2,258 voted against.
The article later notes:
The passage of the referendum, even by such a narrow margin, officially empowers the city to approve $23 million in bonded money for a variety of transportation improvements, which the city council initially approved in May as part of a broader 10-year infrastructure plan. The money will be used primarily for two major bridge replacements ー one being the Caxambas Court Bridge, and the other being on Goldenrod Avenue.
And, regarding the tax impact for homeowners, here’s how this affects you:
The annual cost of this work, according to the city, will be $48.72 for those with an assessed home value of $500,000, with those having an assessed value of $1 million and above paying $97.44 annually in taxes to pay off the bonded money ー which ranges from around $4 to $8 a month.
MARCO ISLAND NEWS
When to leave for your Labor Day driving trip, possible disruptions: “Florida drivers planning a Labor Day getaway should factor in some extra drive time. You'll have company out there.”
Marco Island Fire Rescue Foundation to Unveil 9/11 Memorial: “The Marco Island Fire Rescue Foundation will proudly unveil the Marco Island 9/11 Memorial on Friday, September 11, 2026 … The unveiling ceremony will begin at 9:30 AM at the Marco Island Fire Station, 1280 San Marco Road, Marco Island.”
City of Marco Island Appoints Chief of Police: “City Manager Dr. Casey Lucius has officially appointed Joseph Belardo as the next Chief of Police for the Marco Island Police Department, effective Monday, August 3, following a highly competitive selection process.”
📊 The Marco Island Market Summary
Months of Inventory: 5.57 (↓ 8.39%)
Sold to List Price Ratio: 94.5% (↑ 0.14%)
Days on Market: 96 (↑ 47.69%)
Median Sold Price: $799,999 (↓ 20.79%)
Single Family & Condos, Townhouses, and Apartments
Your Real Estate Reading List 📚
Warsh is right about the threat inflation poses to consumers and, by extension, to housing. Higher inflation means higher mortgage rates for longer, while simultaneously eroding paychecks and real income growth," the economist says. "That hits housing on both the demand and affordability fronts—not to mention the effect of inflation on building materials.
📉 Mortgage Rate Tracker
Mortgage Rates Hold Steady
Mortgage rates changed little this week averaging 6.66%. The economy remains resilient, demonstrated by steady consumer spending and rising household incomes. More homes coming on the market and slower price growth in many areas are giving buyers better options and helping create a more balanced housing market.
The 30-year fixed-rate mortgage averaged 6.66% as of August 27, 2026, slightly up from last week when it averaged 6.65%. A year ago at this time, the 30-year FRM averaged 6.56%.
The 15-year fixed-rate mortgage averaged 5.98%, up from last week when it averaged 5.95%. A year ago at this time, the 15-year FRM averaged 5.69%.
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!
Enjoy your Labor Day weekend,
Edward Karas
REALTOR® | PSA | RSPS | C2EX
Premiere Plus Realty
(239) 388-7715 | [email protected]
