$1,100,000
$1,195,000
7.9%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
1,950 SqFt
SOLD DATE : 01/31/2025
Key Details
Sold Price $1,100,000
Property Type Condo
Sub Type Low Rise (1-3)
Listing Status Sold
Purchase Type For Sale
Square Footage 1,950 sqft
Price per Sqft $564
Subdivision Pine Cove Of Sanibel
MLS Listing ID 225003434
Sold Date 01/31/25
Bedrooms 3
Full Baths 2
Condo Fees $14,500/qua
Originating Board Florida Gulf Coast
Year Built 1986
Annual Tax Amount $4,950
Tax Year 2024
Lot Size 7,531 Sqft
Acres 0.1729
Property Sub-Type Low Rise (1-3)
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)
Location
State FL
County Lee
Area Si01 - Sanibel Island
Rooms
Dining Room Breakfast Bar, Dining - Living
Interior
Interior Features Common Elevator, Great Room, Guest Bath, Guest Room, Bar, Built-In Cabinets, Wired for Data, Entrance Foyer, Walk-In Closet(s)
Heating Central Electric
Cooling Central Electric
Flooring Tile
Window Features Impact Resistant,Impact Resistant Windows
Appliance Dishwasher, Disposal, Dryer, Microwave, Refrigerator/Freezer, Washer
Laundry Washer/Dryer Hookup, Inside
Exterior
Exterior Feature None
Community Features BBQ - Picnic, Beach Access, Pool, Community Spa/Hot tub, Non-Gated
Utilities Available Cable Available
Waterfront Description On the Gulf Beach
View Y/N Yes
View Gulf, Pool/Club, Water
Roof Type Built-Up or Flat
Porch Screened Lanai/Porch
Garage No
Private Pool No
Building
Lot Description Zero Lot Line
Building Description Concrete Block,Elevated,Piling,Concrete,Stucco, Elevator
Sewer Central
Water Central
Structure Type Concrete Block,Elevated,Piling,Concrete,Stucco
New Construction No
Others
HOA Fee Include Insurance,Maintenance Grounds,Legal/Accounting,Manager,Pest Control Exterior,Reserve,Sewer,Trash,Water
Tax ID 35-46-22-T1-00700.1020
Ownership Condo
Security Features Smoke Detector(s),Smoke Detectors
Acceptable Financing Buyer Finance/Cash
Listing Terms Buyer Finance/Cash
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Bought with Berkshire Hathaway Florida
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