2501 W Gulf Drive Unit 102, Sanibel, FL 33957

$1,100,000
3
BD
2
BA
1,950
SqFt

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Sold Price
$1,100,000
List Price
$1,195,000
Listing Price
$1,195,000
Closing Date
Jan 31, 2025
Days on Market
6
MLS#
225003434
Bedrooms
3
Bathrooms
2
Living Sq. Ft
1,950
Property Class
Condo
Building Design
Low Rise (1-3)
Status Type
Resale
Status
CLOSED
County
Lee
Region
SI01 - Sanibel Island
Development
Pine Cove Of Sanibel

Property Description

STUNNING BEACHFRONT condo on Sanibel Island is now available, offering the perfect blend of luxury and convenience. EVERYTHING BRAND NEW, including furnishings, new owners can move in immediately. 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 immediately. 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)

Additional Information

Year Built
1986
furnished
Furnished
Pets
No
Amenities
Beach Rights, Beach Access, Barbecue, Picnic Area, Pool, Spa/Hot Tub
Community Type
Elevator, Non-Gated
View
Gulf, Pool, Water
Waterfront Description
Beach Front
Building Description
None, Low Rise
Lot Size
0.1729
Construction
Block, Concrete, Stucco
Rear Exposure
S
Roof
Built-Up, Flat
Flooring
Tile
Exterior Features
Security/High Impact Doors, None
Water
Public
Sewer
Public Sewer
Cooling
Central Air, Electric
Interior Features
Breakfast Bar, Built-in Features, Bathtub, Dual Sinks, Entrance Foyer, Living/Dining Room, Sitting Area in Primary, Separate Shower, Cable TV, Bar, Walk-In Closet(s)
Waterfront
Yes
Unit Floor
1
Furnished Description
Furnished

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Royal Shell Real Estate, Inc.. Selling Office: .