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$1,575,000

Beds
3
Baths
2.0
sq ft
1,950

2501 West Gulf Dr Unit 102, Sanibel, FL 33957

2501 West Gulf Dr Unit 102

Sanibel, FL 33957

  • 420 days on market
PICTURES ARE CURRENT - 6/24 - 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 as early as Summer 2024. 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)

Details

Property type

Condominium

Est. home value

$1,574,762

Lot size

7,532 sq ft

Price per sq ft

$808

Year built

1986

Annual property taxes

$7,270

HOA

Yes

Price History

10/31/2024

FGCMLS #223069716

Price change
$1,575,000
+16.71%
09/29/2023

FGCMLS #223069716

Listed
$1,349,500
+17.35%
04/30/2018

FGCMLS #217028833

Sold
$1,150,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

Number of units in community: 

16

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

Carrington Mortgage Services Llc

Loan start date

August 2022

Original loan amount

$220,000

Est. remaining balance

$213,337

Interest rate

5.7%

Loan type

New Conventional, 30 year

Seller

Robin S Schafer

Lender

Carrington Mortgage Services Llc

Loan start date

August 2022

Original loan amount

$220,000

Est. remaining balance

$213,337

Interest rate

5.7%

Loan type

New Conventional, 30 year

Seller

Robin S Schafer

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: 11/22/2024 at 12:25 AM

Listing updated: 10/31/2024 at 4:10 PM

Listed by: Ross Winchel, Royal Shell Real Estate, Inc. Phone #: (239) 322-5680

MLS: FGCMLS #223069716

FGCMLS logo

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