Listing Provided Courtesy of Royal Shell Real Estate, Inc.PICTURES ARE CURRENT – 6/24 – 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 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.
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.
Property Details
Price:
$1,397,500
MLS #:
223069716
Status:
Active
Beds:
3
Baths:
2
Address:
2501 W Gulf DR # 102
Type:
Lowrise
Subtype:
Low Rise (1-3)
Subdivision:
PINE COVE OF SANIBEL
City:
SANIBEL
Listed Date:
Sep 29, 2023
State:
FL
Finished Sq Ft:
1,950
ZIP:
33957
Lot Size:
7,532 sqft / 0.17 acres (approx)
Year Built:
1986
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Schools
Interior
Bathrooms
2 Full Bathrooms
Cooling
Central Electric
Flooring
Concrete, Tile
Heating
Central Electric
Laundry Features
Washer/ Dryer Hookup, Laundry in Residence
Exterior
Architectural Style
Low Rise (1-3)
Community Features
Pool
Construction Materials
Concrete Block, Stucco
Exterior Features
Screened Lanai/ Porch
Parking Features
1 Assigned, Covered, Guest, Under Bldg Open
Roof
Built- Up
Financial
Buyer Agent Compensation
2.5%%
HOA Fee
$42,000
Tax Year
2023
Taxes
$7,270
Map
Community
- Address2501 W Gulf DR # 102 SANIBEL FL
- CitySANIBEL
- CountyLee
- Zip Code33957
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