1501 Middle Gulf Dr A208
Sanibel Fl 33957
$995,000
Directly on the Gulf of Mexico! Phenomenal views from this second floor, 2 bedroom, 2 bath condo in the A building. This condo has generated a fantastic rental income through an outside agency. 2021 income was $98,215 and 2022 through September 27th was $95,331. Income in 2022 would have easily exceeded $100K. This unit is covered by the association insurance for all walls & exterior doors and windows. The association insurance is also covering anything that was located within the bottom 4 ft of the condo. Owner is responsible for upper cabinetry, appliances located above the 4 ft line & for painting. Claremont can finish the lower 48 in of the condo at no charge to a new buyer, or a new buyer can opt for a payout from the association. Interior finish selections are on display at the Sundial Resort for a new buyer to choose from. This unit should remain one of the top grossing units once finished, with those spectacular Gulf of Mexico views! It can be placed in the Sundial Resort Program with the owner receiving 60% revenue or it can be placed in an outside rental program.
Directly on the Gulf of Mexico! Phenomenal views from this second floor, 2 bedroom, 2 bath condo in the A building. This condo has generated a fantastic rental income through an outside agency. 2021 income was $98,215 and 2022 through September 27th was $95,331. Income in 2022 would have easily exceeded $100K. This unit is covered by the association insurance for all walls & exterior doors and windows. The association insurance is also covering anything that was located within the bottom 4 ft of the condo. Owner is responsible for upper cabinetry, appliances located above the 4 ft line & for painting. Claremont can finish the lower 48 in of the condo at no charge to a new buyer, or a new buyer can opt for a payout from the association. Interior finish selections are on display at the Sundial Resort for a new buyer to choose from. This unit should remain one of the top grossing units once finished, with those spectacular Gulf of Mexico views! It can be placed in the Sundial Resort Program with the owner receiving 60% revenue or it can be placed in an outside rental program.
1501 Middle Gulf Dr A208
Sanibel Fl 33957
$995,000
- Lee County
- Date updated: 04/28/2024
Features
Beds: |
2 |
Baths: |
2 Full |
Lot Size: |
acres |
Lot #: |
A208 |
Year Built: |
1974 |
Fireplace: |
|
Pool: |
|
Roof: |
|
Property Type: |
Condo |
Rooms: |
- Breakfast Bar
- DR/LR Combo
- Kitchen
- Screened Porch
- Storage Ext
|
Amenities: |
- Cable
- Clubhouse
- Community Laundry
- Deeded Beach Access
- Elevator
- Grills
- Pool
- Restaurant
- Shuffleboard
- Spa
|
Taxes: |
$762 |
|
Listing Courtesy Of:
Teresa Baker, VIP Realty Sanibel and Captiva
The MLS listing data sources are listed below. The MLS listing information is provided exclusively for consumer's personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Properties marked with the FGCMLS are provided courtesy of
The Florida Gulf Coast Multiple Listing Service, Inc.
Properties marked with the SANCAP are provided courtesy of
Sanibel & Captiva Islands Association of REALTORS®, Inc.