tomo logo

$1,495,000

Beds
2
Baths
2.0
sq ft
1,531

1401 Middle Gulf Dr Unit O206, Sanibel, FL 33957

1401 Middle Gulf Dr Unit O206

Sanibel, FL 33957

  • 1 day on market
This "diamond in the rough" is a direct Gulf-front corner unit on the 2nd floor, offering breathtaking panoramic views of the Gulf of America. Located in the sought-after Sundial Resort, this spacious, quiet condo is just steps from the beach, multiple pools, restaurants, spa, and the lively tiki bar. Lovingly enjoyed by the owner and their family, this gulf-front condo has never been in a rental program. However, the potential for strong rental income is undeniable, with a projected gross annual rental income of $128,645. Additional features include wood flooring, with a ground-level storage unit, perfect for bikes, fishing gear, and beach & pool toys. Whether you're looking for a personal retreat or a lucrative investment, this Gulf-front gem is an opportunity not to be missed! This tropical quiet retreat is waiting for your decorative style

Details

Property type

Condominium

Est. home value

$1,692,716

Lot size

0.30 acres

Price per sq ft

$977

Year built

1979

Annual property taxes

$30,455

HOA

Yes

Price History

04/02/2025

FGCMLS #225026260

Listed
$1,495,000
-16.71%
09/14/2024
NABOR

NABOR #223075986

Removed
$1,795,000
10/16/2023
NABOR

NABOR #223075986

Listed
$1,795,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

Number of units in community: 

141

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Eleanor M Rende

Loan start date

December 1994

Original loan amount

$190,783

Est. remaining balance

Not provided

Interest rate

9.19%

Loan type

Not Provided

Seller

Jack Kreismer and Robin B Kreismer

Lender

Eleanor M Rende

Loan start date

December 1994

Original loan amount

$190,783

Est. remaining balance

Not provided

Interest rate

9.19%

Loan type

Not Provided

Seller

Jack Kreismer and Robin B Kreismer

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/03/2025 at 11:45 AM

Listing updated: 04/02/2025 at 6:20 AM

Listed by: Connie Walters, VIP Realty Sanibel and Captiva Phone #: (239) 472-5187

MLS: FGCMLS #225026260

FGCMLS logo

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