2501 W Gulf DR #102 Sanibel, FL 33957
3 Beds
2 Baths
1,950 SqFt
UPDATED:
11/22/2024 01:48 PM
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,950 sqft
Price per Sqft $692
Subdivision Pine Cove Of Sanibel
MLS Listing ID 223069716
Style None,Low Rise
Bedrooms 3
Full Baths 2
Construction Status Resale
HOA Fees $10,500/qua
HOA Y/N Yes
Annual Recurring Fee 22000.0
Year Built 1986
Annual Tax Amount $7,270
Tax Year 2023
Lot Size 7,531 Sqft
Acres 0.1729
Lot Dimensions Appraiser
Property Description
The property is part of the renowned Pine Cove complex, one of the few complexes on the island that allows 7-day rentals. This lucrative feature, combined with the condo's prime location on West Gulf Drive, presents exceptional income potential. CURRENT RENTAL PROJECTIONS indicate an impressive $160K INCOME POTENTIAL, allowing investors to start generating rental income as early as Summer 2024. Professional management is already in place, ensuring a seamless rental process.
The condo boasts 3 spacious bedrooms and a large lanai that offers breathtaking views of the Gulf and the pool. The primary suite is particularly impressive, featuring a walk-in shower and double sinks in the primary bathroom. The living room includes a designated area for a wet bar, making it ideal for entertaining guests.
This condo is a rare find, offering a beautiful, spacious, and well-located living space on Sanibel Island. Don't miss this opportunity to own a slice of paradise and enjoy the stunning Gulf views and all that this vibrant island has to offer. (Note - Unit is above covered parking and IS NOT a ground floor unit)
Location
State FL
County Lee
Community Pine Cove Of Sanibel
Area Si01 - Sanibel Island
Rooms
Bedroom Description 3.0
Interior
Interior Features Breakfast Bar, Entrance Foyer, Living/ Dining Room, Main Level Primary, None, Sitting Area in Primary, Cable T V, Walk- In Closet(s)
Heating Central, Electric
Cooling Central Air, Electric
Flooring Concrete, Tile
Furnishings Furnished
Fireplace No
Window Features Impact Glass
Laundry Washer Hookup, Dryer Hookup, Inside
Exterior
Exterior Feature Security/ High Impact Doors, None
Parking Features Assigned, Covered, Underground, Guest, One Space
Pool Community
Community Features Elevator, Non- Gated
Utilities Available Cable Available, High Speed Internet Available
Amenities Available Beach Rights, Beach Access, Barbecue, Picnic Area, Pool, Spa/Hot Tub
Waterfront Description Beach Front
View Y/N Yes
Water Access Desc Public
View Gulf, Pool
Roof Type Built- Up, Flat
Porch Lanai, Porch, Screened
Garage No
Private Pool No
Building
Lot Description Zero Lot Line
Dwelling Type Low Rise
Faces North
Story 1
Foundation Pillar/ Post/ Pier, Raised
Sewer Public Sewer
Water Public
Architectural Style None, Low Rise
Unit Floor 1
Structure Type Block,Concrete,Stucco
Construction Status Resale
Others
Pets Allowed No
HOA Fee Include Association Management,Legal/Accounting,Maintenance Grounds,Pest Control,Sewer,Trash,Water
Senior Community No
Tax ID 35-46-22-T1-00700.1020
Ownership Condo
Acceptable Financing All Financing Considered, Cash
Listing Terms All Financing Considered, Cash
Pets Allowed No