2501 W Gulf DR 102 For Sale

Sanibel, FL 33957 - Pine Cove Of Sanibel

$1,575,000

Description

If you are in search of a beautiful, spacious, and well-located condo on Sanibel Island, this is the ideal opportunity for you. This beachfront 3-bedroom condo on Sanibel Island is a rare find. It is located in a small, cozy community with only 16 units. The stunning Gulf views are unbeatable, and it is one of the few 3-bedroom units on the island that allows 7-day rentals. Already in a successful, vacation rental program making. There is plenty of room to spread out, with 1,950 square feet plus a large lanai. The primary suite is huge, and the primary bathroom has a walk-in shower and double sinks. The living room includes an area for a wet bar, so you can entertain guests in style. There is also one assigned covered parking spot and a storage closet. The condo is located in a desirable area, close to all of the island's amenities, including restaurants and shops. It will be "white box" ready in October, meaning that it will be completely empty and ready for the new owner to make it their own. Vacation management company has a showroom and contractors in place and ready to get started putting new finishes in place. Updated rental projections shows $116K net income potential!

Address

  • Address: 2501 W Gulf DR 102
  • City: Sanibel
  • State/Country: Florida, United States
  • Zip: 33957
  • Community: Pine Cove Of Sanibel
  • Community Type: Non-gated
  • Subdivision: Pine Cove Of Sanibel

Detail

Information last updated on Friday, September 29th, 2023 at 06:30 AM

  • MLS ID: 223069716
  • Price: $1,575,000
  • Property Size: 1,950 Sq Ft
  • Bedrooms: 3
  • Bathrooms: 2
  • Garage Spaces: 0
  • Year Built: 1986

Additional details

  • Acres: 0.17
  • Approx Living Area: 1950
  • Baths Full: 2
  • Baths Total: 2
  • Bedrooms: 3 Bed
  • Beds Total: 3
  • Buyer Agent Comp: 2.75%
  • Cable Available YN: 1
  • Condo Fee: $5,500
  • Created Date: September 29th, 2023
  • Current Price: $1,575,000
  • Latitude: 26.422761
  • Lease Limits YN: 1
  • Leases Per Year: 52
  • List Price: $1,575,000
  • Longitude: -82.08054
  • Lot Unit: 102
  • Mandatory HOAYN: 1
  • Min Daysof Lease: 7
  • MLS Number: 223069716
  • Num Unit Floor: 1
  • Original List Price: $1,575,000
  • Parcel Number: 35-46-22-T1-00700.1020
  • Parking: 1 Assigned,Covered,Guest,Under Bldg Open
  • Postal Code: 33957
  • Section: 35
  • Taxes: $15,842
  • Tax Year: 2022
  • Total Annual Recurring Fees: $22,000
  • Total Area: 2130
  • Total Floors: 1
  • Trans Broker Comp: 2.75%
  • Transfer Fee: $250
  • Unit Number: 102
  • Unitsin Building: 12
  • Unitsin Complex: 16
  • Waterfront YN: 1
  • Year Built: 1986

Vital Information

Low Rise (1-3)

  • Size: 1,950 sqft
  • Beds: 3 Bed
  • Baths: 2
  • Price: $1,575,000

Virtual Tours

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Broker Reciprocy

The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2024 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.

The data relating to real estate for sale on this limited electronic display come in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than Equity Realty are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program.

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