1501 Middle Gulf Dr. #A208, Sanibel, FL 33957

1501 Middle Gulf Dr. #A208, Sanibel, FL 33957
Photo 1 of 21
$995,000
Beds Baths Sq. Ft. Taxes Built
2 2.0 1,042 $762 1974
On the market: 70 days

Est. Monthly Payment:

$5,754($5,690 + $64 taxes*)

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APPROVED
View full details, 15 photos, school info, and price history
Directly on the Gulf of Mexico! The views are absolutely phenomenal from this second floor 2 bedroom, 2 bath condo in the A building. This condo has enjoyed wonderful rental income through an outside rental agency. 2021 income = 98,215 and 2022 thru September was $95,331.00. Income would have easily exceeded 100k in 2022. This unit is covered by association insurance for all walls and exterior doors and windows. The Association insurance is also covering anything that was located within the bottom 4 feet of the condo. Owner is responsible for upper cabinetry, appliances located above the 4 feet, and for painting. Claremont can finish the lower 48 inches of the condo at no expense to a new buyer or the new buyer can opt for a payout from the Association. Interior finish selections are on display at the Sundial Resort for a new buyer to choose from. This unit should remain one of the top grossing units once finished and the Gulf of Mexico views will remain spectacular!
Listing courtesy of Teresa Baker & Lynda Traverso, VIP Realty Sanibel and Captiva & VIP Realty Sanibel and Captiva