2501 W Gulf DR #102 Sanibel, FL 33957
UPDATED:
11/22/2024 03:16 PM
Key Details
Property Type Condo
Sub Type Low Rise (1-3)
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
Bedrooms 3
Full Baths 2
Condo Fees $10,500/qua
HOA Y/N No
Originating Board Florida Gulf Coast
Year Built 1986
Annual Tax Amount $7,270
Tax Year 2023
Lot Size 7,531 Sqft
Acres 0.1729
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
Area Pine Cove Of Sanibel
Rooms
Bedroom Description Master BR Ground,Master BR Sitting Area
Dining Room Breakfast Bar, Dining - Living
Interior
Interior Features Foyer, Walk-In Closet(s)
Heating Central Electric
Flooring Concrete, Tile
Equipment Washer/Dryer Hookup
Furnishings Furnished
Fireplace No
Heat Source Central Electric
Exterior
Exterior Feature Screened Lanai/Porch
Garage 1 Assigned, Covered, Guest, Under Bldg Open
Pool Community
Community Features Pool
Amenities Available Barbecue, Beach Access, Pool, Spa/Hot Tub
Waterfront Yes
Waterfront Description On the Gulf Beach
View Y/N Yes
View Gulf, Pool/Club
Roof Type Built-Up
Garage No
Private Pool No
Building
Lot Description Zero Lot Line
Building Description Concrete Block,Stucco, DSL/Cable Available
Story 1
Water Central
Architectural Style Low Rise (1-3)
Level or Stories 1
Structure Type Concrete Block,Stucco
New Construction No
Others
Pets Allowed No
Senior Community No
Tax ID 35-46-22-T1-00700.1020
Ownership Condo
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