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Fort Myers Beach Florida Smugglers Cove Condo Condos Under Contract

Naples Florida Real Estate

Smugglers Cove Condo Fort Myers Beach Real EstateSmugglers Cove Condo Fort Myers Beach

Condos For Sale4$510K - $535K
Sold3$470K - $520K
Last updated at 11:15am 05/02/2024

Pending
$519,900

MLS# 223063078

5100 Estero Blvd, Fort Myers Beach, FL 33931

Condos - 792 ft² / 792 ft²

2 Bed / 2 Baths

Built 1978

Amazing investment opportunity, 2 bedroom, 2 bath, 5th floor unit at Smuggler's Cove. Owners have voted to rebuild. Take advantage of this chance to complete a beach front condo. The units have been gutted and remediated and the association will soon begin putting the units back together. Owners will get to remodel their personal unit as they choose, breakdown available of association and owner responsibility of renovations. This is your opportunity to purchase before renovations are started and create your own beachfront vacation destination. Once completed, Smugglers Cove will once again offer a spectacular beachfront lifestyle. Prime mid-island location. Huge rental income potential, as the property allows weekly rentals, including on-site property management available. Walk to grocery store, restaurants, and marina. Stunning sunset views from your private screened lanai.

PROPERTY DETAILS:

Community Name: Smugglers Cove Condo
Community Type: Non-Gated
Amenities: Beach Access, Pool
Building Design: Mid Rise (4-7)
Building Desc: See Remarks
Living Area: 792 ft²
Total Area: 792 ft²
View: Gulf
Waterfront Desc: Gulf Frontage, On the Gulf Beach
Unit Floor: 5
Total Floors: 6
Construction: Concrete Block, Stucco
Exterior Features: Screened Balcony
Roof: Built-Up
Private Pool: Community
Floor Description: Concrete
Interior Features: Other
Units in Building: 42
On Site Since: 08/30/2023
Irrigation: Other
Water: Central
Floor Plan Type: Great Room
Furnished Desc: Unfurnished
Maintenance: Cable, Insurance, Irrigation Water, Pest Control Exterior, Pest Control Interior
Min Days of Lease: 7
Leases Per Year: 52
Rear Exposure: SW
Restrictions: None/Other
Acres: 0.1467
Lot Desc: Zero Lot Line
Condo Fee: $1,993 Quarterly
Total Annual Recurring Fees: $7,972
Taxes: $6,727
Tax Year: 2022
Gulf Access Type: No Bridge(s)/Water Direct

THIS PROPERTY IS COURTESY OF:

Berkshire Hathaway Florida

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AREA SPECIALIST:


Oleg Mikhailov
Oleg Mikhailov

Area Specialist, REALTOR®
Broker Associate
GRI - Graduate Realtor Institute

Luxury of Naples Group at Amerivest Realty

Phone: (239) 280-1237

Websitehttps://www.realtyofnaples.com

Bio: Oleg is a specialist who has been living in Naples since 1999 and is familiar with Naples, Bonita Springs, and Marco Island, and all the neighborhoods inside-out. He has the ability to assist you in selecting the best for your family's needs. With his knowledge you can be sure that you'll be comfortable with him as your Real Estate Agent. [ More... ]
Broker Reciprocity LogoThis property is courtesy of Berkshire Hathaway Florida. *Just Listed: new properties that came on the market within the last 30 days.
*Decrease/Increase: listing values that are being recorded within the last 30 days.
*Foreclosures/Short Sale: Please note, all properties are subject to bank approval. Buyers must be pre-approved or show proof of funds before submitting an offer.

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