Directly on the Gulf of Mexico! The views are absolutely

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Condo For Sale

1501 Middle Gulf Drive

Sanibel, Florida 33957

Lee County

Waterfront: Yes

Community: Sundial Of Sanibel

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$995,000 2 br, 2.0 bath 1042 sq. ft. 0.150 acres

Directly on the Gulf of Mexico! The views are absolutely phenomenal from this second floor 2 bedroom, 2 bath condo in the A building. This condo has enjoyed wonderful rental income through an outside rental agency. 2021 income = 98,215 and 2022 thru September was $95,331.00. Income would have easily exceeded 100k in 2022.
This unit is covered by association insurance for all walls and exterior doors and windows. The Association insurance is also covering anything that was located within the bottom 4 feet of the condo. Owner is responsible for upper cabinetry, appliances located above the 4 feet, and for painting. Claremont can finish the lower 48 inches of the condo at no expense to a new buyer or the 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 and the Gulf of Mexico views will remain spectacular!

Interior:
  • Bedrooms: 2
  • Baths: 2.0
  • Sq Ft: 1042
  • Year Built: 1974
  • Utilities: 
  • Fireplaces: 
  • Stories: 1.0
  • Heat/AC: Central Furnace
  • Garage: 
Exterior:
  • Lot Size: 0.150 acre
  • Lot Dimensions: 
  • Waterfront: Yes
  • View Types: 
  • Yard: 
  • Siding: Block,Concrete Block,Stucco
  • Roof: Unknown
  • Property Taxes: $762
  • MLS #: 224019035
  • Unit Number: A208
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Beach Condo For Sale in Sanibel, Florida
Ad Number: 4698811
Viewed 21 times.
Updated: Mar 11, 2024

This property is a Condo located at 1501 Middle Gulf Drive, Sanibel, Florida 33957, and is currently For Sale at $995,000. This Condo has 2 bedrooms, 2.0 baths, 1042 sq ft.

Listing Agent: Teresa Baker, VIP Realty Group, Inc., 239-233-6364, 239-472-5187 Listing Site, Listing Status: Active
Copyright © 2024 Florida Gulf Coast Multiple Listing Service, Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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