Item 1
Property Description

Directly on the Gulf of Mexico! Phenomenal views from this second floor, 2 bedroom, 2 bath condo in the A building. This condo has generated a fantastic rental income through an outside agency. 2021 income was $98,215 and 2022 through September 27th was $95,331. Income in 2022 would have easily exceeded $100K. This unit is covered by the association insurance for all walls & exterior doors and windows. The association insurance is also covering anything that was located within the bottom 4 ft of the condo. Owner is responsible for upper cabinetry, appliances located above the 4 ft line & for painting. Claremont can finish the lower 48 in of the condo at no charge to a new buyer, or a 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, with those spectacular Gulf of Mexico views! It can be placed in the Sundial Resort Program with the owner receiving 60% revenue or it can be placed in an outside rental program.

Features
: Central Heat
: Central Air/cooling
: Direct gulf
: Under bldg, Open
: Unfurnished
: See Remarks
: In front of 1974
Yes
: See Remarks
1
: Breakfast bar, Kitchen, Screened porch, Storage exterior, Storage interior, Dr/lr combo
1
: Gulf, Beach
: See Remarks
Address Map
Middle Gulf Dr
1501
0
W83° 56' 48.8''
N26° 25' 51.2''
MLS Addon
Teresa Baker
Yes
: See Remarks
$3,519
Quarterly
: Btf/cash
A208
1
291
41
No
0 Sqft
$762
2023
Yes
1501 Middle Gulf Dr A208

Condo

1501 Middle Gulf Dr, Sanibel, Florida 33957

2 Bedrooms
2 Bathrooms
1,150 Sqft
$995,000
Listing ID #2240260
Basic Details
Property Type : Condo
Listing ID : 2240260
Price : $995,000
Bedrooms : 2
Bathrooms : 2
Half Bathrooms : 0
Square Footage : 1,150 Sqft
Year Built : 1974
Lot Area : 0 Acre
Country : US
State : FL
County : Lee County
City : Sanibel
Subdivision : FL
Zipcode : 33957
Status Actual Letter : Active
Property Sub-Type : Condo
WaterAndSewer : City
Contact Agent
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