2501 W Gulf Drive # 102 Sanibel, FL $ 1,475,000
2501 W Gulf Drive # 102
$ 1,475,000
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2501 W Gulf Drive # 102

Sanibel, FL, 33957
$ 1,475,000
Bedrooms3 Baths2.0 Sq 1,950

Monthly Estimate*

$ 10,303

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Condo for sale in Sanibel, FL

for $1,475,000 with 3 bedrooms and 2 full baths. This 1,950 square foot condo was built in 1986 on a lot size of 0.1729.

Beautiful REMODEL nearly complete - EVERYTHING is NEW, including FURNISHINGS! PHOTOS UPDATED as of 4/25 reflect the current progress. Current Rental projections indicate $116K NET INCOME POTENTIAL! Start generating rental income immediately in Summer 2024. Professional management is in place. The stunning Gulf views are unbeatable, and PINE COVE is one of the few complexes on the island that ALLOWS 7-DAY RENTALS & Unit 102 is a 3-bedroom unit. If you are in search of a beautiful, spacious, and well-located condo on Sanibel Island, this is the ideal opportunity for you. This BEACHFRONT 3-BEDROOM CONDO on Sanibel Island is a rare find. It is already in an established, SUCCESSFUL, VACATION RENTAL PROGRAM. There is plenty of room to spread out, with 1,950 SQ FT plus a LARGE LANAI with views of the Gulf and Pool. The primary suite is huge, & the primary bathroom has a walk-in shower and double sinks. The living room includes an area for a wet bar, so you can entertain guests in style. There is also one ASSIGNED COVERED parking spot and a storage closet. The condo is located on West Gulf Drive, close to all of the island's amenities, including restaurants and shops.

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Condo Active

Price

$ 1,475,000

Bedrooms

3

Full Bath

2

Property Type

Condo

Taxes

$ 15,841

Style

None,Low Rise

Lot Size

0.1729

Year Built

1986

Town/City

Sanibel

County/Region

Lee

MLS | Web ID

223069716

Features
General
Interior Features Breakfast Bar Entrance Foyer Living/Dining Room Main Level Primary None Sitting Area in Primary Cable TV Walk-In Closet(s)
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Electric
Utilities Cable Available High Speed Internet Available
Possession Close Of Escrow
Roof Built-Up Flat
Condo Fee 5500.00 10500
Exterior Features Security/High Impact Doors None
HOA 0
Garage Spaces 0
Association Fee Includes Association Management Legal/Accounting Maintenance Grounds Pest Control Sewer Trash Water
Patio/Porch Features Lanai Porch Screened
Architectural Style None Low Rise
Pool Features Community
Construction Materials Block Concrete Stucco
Pets Allowed No
Year Built 1986
View Gulf Pool
Unit Number 102
Property SubType Condominium
Tax Year 2022
Percent Ownership Condo
Waterfront Features Beach Front
Community Features Elevator Non-Gated
County Lee
Property Type Residential
Association Amenities Beach Rights Beach Access Barbecue Picnic Area Pool Spa/Hot Tub
HOA / Comm Assn 1
Subdivision Name PINE COVE OF SANIBEL
Facing Direction North
Garage Y/N 0
Status Active
City SANIBEL
Buyer Agent Compensation 2.75%
Disclosures RV Restriction(s)
Land Lease Amount 0
View Y/N 1
MLS Area SI01 - Sanibel Island
Waterfront Y/N 1
Carport Spaces 0
Carport Y/N 0
Street Name Gulf
Tax Annual Amount 15841.62
Property Condition Known Damage
Days on Market 209
Structure Type Low Rise
Standard Status Active
Tax Lot 102
Property Sub Type Additional Condominium
Legal Description PINE COVE OF SANIBEL OR 1787 PG 3886 UNIT 102
Adult Family Homes Condominium
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Interior
Flooring Concrete Tile
Furnished Y/N Unfurnished
Total Stories 1
Air Conditioning Y/N 1
Heating Y/N 1
Window Features Impact Glass
Full Baths 2
Half Baths 0
Street Suffix Drive
Laundry Features Washer Hookup Dryer Hookup Inside
Total Bedrooms 3
Entry Level 1
Room Type Bathroom Guest Quarters Screened Porch Great Room
Total Baths 2
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Exterior
Parking Features Assigned Covered Underground Guest One Space
Lot Features Zero Lot Line
Water Source Public
Lot Size Area 0.1729
Spa 0
Boat Access None
Building Area Total 2130
Lot Size Acres 0.1729
Lot Size Units Acres
Lot Size Source Appraiser
Covered Spaces 0
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* Excluded Features
List By
Ross Winchel

Listing Agent

Royal Shell Real Estate, Inc.

Broker

ross.winchel@gmail.com

Email

Affordability Calculator

$11,623
Per Month
89%
11%
0%
Monthly Principal & Interest
$10,303
Monthly Property Taxes
$1,320
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1023546 Elementary School
1023297 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/11/2024$1,475,000 -6.35% Price Down
9/29/2023$1,575,000 Listed Price

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2501 W Gulf Drive # 102, Sanibel, FL, 33957 is a Condo for sale at $1,475,000 with 1,950 sqft and a lot size of 0.1729. 2501 W Gulf Drive # 102 has 3 bedrooms, 2.0 baths, and was built in 1986. The property's zip code is 33957 which is in Sanibel, FL