1501 Middle Gulf Dr #A208, Sanibel, FL 33957

2 beds 2 baths 1,042 Sq. Ft. Built in 1974
Complex: Sundial West

$995,000

Request Information

  • This field is for validation purposes and should be left unchanged.

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.


Listing Courtesy Of: VIP Realty Sanibel and Captiva   Phone: 239-472-5187   Email: sanibel@viprealty.com
Listing Agent: Teresa Baker

Property Details

Details

Listing ID: 2240260
Beds: 2
Baths: 2 Full
Location: Gulf
Sq. Ft.: 1042
Year Built:
  • 1974
Pool: 1
Taxes: $762

Community

HOA: 1
HOA Fee: 3519
HOA Period: Quarterly

Property

Type: Condo
Waterfront: 1

Building

Interior