160 Palm St #Penthouse 5, Marco Island, FL, 34145
About This Home
Experience elevated island living from this extraordinary 5,150 sq ft penthouse residence in the heart of charming Marco Island. Penthouse 5, perched on the 5th floor, captures sweeping panoramic views of the Island skyline and the shimmering Gulf, all just steps from the iconic Snook Inn and the beloved shops and waterfront charm of Old Marco. Designed for both grand entertaining and relaxed coastal living, this 4-bedroom + study, 4.5-bath residence with a private theater room lives like a luxury single-family home in the sky. Soaring ceilings and walls of sliders wrap the great room, flooding the space with natural light and seamlessly connecting indoors to the expansive covered and screened wraparound balcony. The main level features a spacious primary suite, an impressive great room, chef's kitchen, custom study with built-ins, a private guest suite, half bath, theater room, and laundry. Upstairs, a second owners' suite and a charming bunk room create the perfect retreat for family and guests. A rare opportunity to own a true penthouse in one of Marco Island's most treasured neighborhoods--where timeless charm meets breathtaking views.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 2001
Materials
- Roof: Metal,Built-Up
- Construction materials: Stucco
Type & Style
- Home type: Condo
- Property subType: Condominium,Residential
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Refrigerator,Washer
- Laundry features: Washer Hookup,Electric Dryer Hookup
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Features
- Elevator,Entrance Foyer,Sound System,Volume Ceiling(s),Walk-In Closet(s),Breakfast Bar
- Door features: Impact Doors
- Window features: Impact Windows,Sliding,Window Coverings
- Flooring: Concrete,Tile,Vinyl
- Fireplace features: Gas
- Fireplace: Yes
Great Room
- Level: Main
- Area: 700
- Dimensions: 28 x 25
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 5,132
- Total interior livable area: 5,132 sqft
Living Room
- Level: Main
- Area: 0
- Dimensions: 0 x 0
Master Bedroom
- Level: Main
- Area: 342
- Dimensions: 19 x 18
Property
Details
- Parcel number: 59047000108
Features
- Levels: Two
- Stories: 2
- Pool features: Community,Association
- Spa features: Association
- Has view: Yes
- View description: Partial Gulf,Water,City
- Has water view: Yes
- Water view: Partial Gulf,Water
- Waterfront features: None
Lot
- Features: See Remarks
Parking
- Total spaces: 6
- Parking features: Under Building Open
- Attached garage spaces: 3
- Covered spaces: 6
- Has uncovered spaces: Yes
- Carport: Yes
- Carport spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Coastal Flooding
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Collier County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $12,641 | $151,692 |
| Home Insurance * | $2,410 | $28,920 |
| Property Taxes | $1,229 | $14,748 |
| Electricity | $516 | $6,197 |
| Total | $16,796 | $201,552 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-24 | Listed for sale | $2,500,000 |
| 2024-08-06 | Listing removed | $3,999,000 |
| 2024-05-22 | Price change | $3,999,000 |
| 2023-12-11 | Listed for sale | $4,400,000 |
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