tomo logo

$1,199,999

Beds
3
Baths
3.0
sq ft
1,774

220 Palm Lake Dr, Sanibel, FL 33957

220 Palm Lake Dr

Sanibel, FL 33957

  • <1 day on market
Charming Beach Cottage with Attached Bungalow – Steps from the Sand Welcome to your island oasis! This inviting property features a two-bedroom plus den, two-bathroom main house designed with elevated ceilings, a cozy wood-burning fireplace, and a spacious layout that blends comfort with coastal charm. An enclosed lanai seamlessly connects the main house to a private bungalow, which offers an additional one-room suite with its own bathroom—perfect for guests, an office, or a retreat space. The outdoor kitchen area, while in need of renovation, offers endless potential for customization, allowing you to create the perfect space for entertaining after a day at the beach. Nestled just a short stroll from the shoreline, this property combines convenience, privacy, and the opportunity to make it uniquely your own. It’s the perfect place to enjoy timeless charm and modern island living!

Details

Property type

Single Family Residence

Est. home value

$1,164,055

Lot size

0.35 acres

Price per sq ft

$677

Year built

1987

Annual property taxes

$10,217

HOA

No

Price History

01/21/2025

FGCMLS #225008036

Listed
$1,199,999
+9.19%
08/01/2024
NABOR

NABOR #224005989

Removed
$1,099,000
01/19/2024
NABOR

NABOR #224005989

Listed
$1,099,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

1

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

Cardinal Financial Company Lp

Loan start date

May 2015

Original loan amount

$416,000

Est. remaining balance

Not provided

Interest rate

2.75%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Nathan Faber

Lender

Cardinal Financial Company Lp

Loan start date

May 2015

Original loan amount

$416,000

Est. remaining balance

Not provided

Interest rate

2.75%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Nathan Faber

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: 01/22/2025 at 10:40 AM

Listing updated: 01/21/2025 at 12:29 PM

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

MLS: FGCMLS #225008036

FGCMLS logo

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