979 E Gulf Drive Unit 513, Sanibel, FL 33957

$1,115,000
2
BD
2
BA
1,235
SqFt

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Sold Price
$1,115,000
List Price
$1,295,000
Listing Price
$1,295,000
Closing Date
Nov 30, 2023
Days on Market
51
MLS#
223071965
Bedrooms
2
Bathrooms
2
Living Sq. Ft
1,235
Property Class
Condo
Building Design
Mid Rise (4-7)
Status Type
Resale
Status
CLOSED
County
Lee
Region
SI01 - Sanibel Island
Development
Loggerhead Cay Condo

Property Description

Welcome to Loggerhead Cay E513! This furnished 2 bedroom, 2 bathroom, 2 balcony, 3rd floor corner unit is an extremely rare offering in one of the island’s very best and most desirable “blue chip” beach front condo communities. Find your inner peace from the sounds and cool breezes of the Gulf of Mexico, Enjoy the unparalleled views of the beautiful white sandy beach and sparkling turquoise waters from nearly every room, relax and stretch out in the spacious and inviting living areas or one of your beach front lanais, and sleep comfortably on a premier rental return grossing comfortably in the 6 figures. Loggerhead Cay is slated to have full power restored 11/1/23, and rentals can commence at that time. The condo did suffer some water damage from the unit above during Hurricane Ian, but is an opportunity for the new owner to complete the interior to their taste. Fully wind mitigated with all impact doors, windows, and sliders, A/C pumping cold air, and offered furnished, not much work is needed to enjoy one of Sanibel’s best investment opportunities to the fullest by this season and then for a lifetime. No Assessments planned or proposed!!

Additional Information

Year Built
1975
furnished
Unfurnished
Pets
Call, Conditional
Amenities
Beach Rights, Basketball Court, Bike Storage, Clubhouse, Barbecue, Picnic Area, Pickleball, Pool, Spa/Hot Tub, Storage
Community Type
Condo Hotel Community, Elevator, Near Hotel/Motel
View
Gulf
Waterfront Description
Beach Front, Gulf
Building Description
Mid Rise
Lot Size
0.3936
Construction
Block, Concrete, Stucco
Rear Exposure
S
Roof
Built-Up, Flat
Flooring
Carpet, Tile
Exterior Features
Security/High Impact Doors, Other, Patio, Storage, Shutters Electric, Tennis Court(s)
Water
Public
Sewer
Public Sewer
Cooling
Central Air, Ceiling Fan(s), Electric
Interior Features
Breakfast Bar, Dual Sinks, Family/Dining Room, Kitchen Island, Living/Dining Room, Other, Pantry, See Remarks, High Speed Internet, Split Bedrooms
HOA Fee
$820
Total Annual Recurring Fees
$9840
Waterfront
Yes
Unit Floor
3
Furnished Description
Unfurnished

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Listing courtesy of Berkshire Hathaway Florida. Selling Office: .