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Sanibel Florida Pine Cove Of Sanibel Condos for Sale

Naples Florida Real Estate

Pine Cove Of Sanibel Sanibel Real Estate

Condos For Sale1$1.5M
Last updated at 3:30pm 05/04/2024

$1,475,000
Decrease*
$100K
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MLS# 223069716

2501 W Gulf Dr # 102, Sanibel, FL 33957

Condos - 1,950 ft² / 2,130 ft²

3 Bed / 2 Baths

Built 1986

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.

PROPERTY DETAILS:

Community Name: Pine Cove Of Sanibel
Community Type: Non-Gated
Amenities: Barbecue, Beach Access, Pool, Spa/Hot Tub
Building Design: Low Rise (1-3)
Living Area: 1,950 ft²
Total Area: 2,130 ft²
View: Gulf, Pool/Club
Waterfront Desc: On the Gulf Beach
Unit Floor: 1
Total Floors: 1
Parking: 1 Assigned, Covered, Guest, Under Bldg Open
Construction: Concrete Block, Stucco
Exterior Features: Screened Lanai/Porch
Roof: Built-Up
Private Pool: Community
Private Spa: Community
Floor Description: Concrete, Tile
Interior Features: Foyer, Walk-In Closet(s)
Units in Building: 12
On Site Since: 09/29/2023
Irrigation: Central
Water: Central
Equipment: Washer/Dryer Hookup
Floor Plan Type: Great Room
Furnished Desc: Unfurnished
Maintenance: Lawn/Land Maintenance, Legal/Accounting, Manager, Pest Control Exterior, Sewer, Trash Removal, Water
Min Days of Lease: 7
Leases Per Year: 52
Rear Exposure: S
Restrictions: Deeded, Limited Number Vehicles, No Commercial, No RV
Acres: 0.1729
Lot Desc: Zero Lot Line
Condo Fee: $10,500 Quarterly
Transfer Fee: $250
Total Annual Recurring Fees: $42,000
Taxes: $15,842
Tax Year: 2022

THIS PROPERTY IS COURTESY OF:

Royal Shell Real Estate, Inc.

IMAGES:

LOCATION:

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... ]

CONTACT / REQUEST APPOINTMENT:


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Broker Reciprocity LogoThis property is courtesy of Royal Shell Real Estate, Inc.. *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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