1501 Middle Gulf Drive A208
Sanibel Fl 33957

$995,000

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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!
Listed By: Teresa Baker
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1501 Middle Gulf Drive A208
Sanibel Fl 33957

$995,000

  • Lee County
  • Date updated: 11/21/2024

Features

Beds: 2
Baths: 2 Full
Lot Size: 0.15 acres
Lot #: 203
Lot Description:
  • Other
Year Built: 1974
Parking:
  • Common
  • Underground
  • Paved
Air Conditioning:
  • CentralAir
  • Electric
Pool:
  • 0
Roof:
  • Tile
Property Type: Condo
Rooms:
  • 0
Interior:
  • BreakfastBar
  • LivingDiningRoom
  • ShowerOnly
  • SeparateShower
  • HighSpeedInternet
Construction:
  • Block
  • Concrete
  • Stucco
Subdivision:
  • Sundial Of Sanibel
Amenities:
  • BeachRights
  • BeachAccess
  • Clubhouse
  • Laundry
  • Pickleball
  • Pool
  • Restaurant
  • ShuffleboardCourt
  • Storage
  • TennisCourts
Taxes: $762

FGCMLS #224019035

Listing Courtesy Of: Teresa Baker, VIP Realty Sanibel and Captiva

The MLS listing data sources are listed below. The MLS listing information is provided exclusively for consumer's personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.


Properties marked with the FGCMLS are provided courtesy of The Florida Gulf Coast Multiple Listing Service, Inc.

Properties marked with the SANCAP are provided courtesy of Sanibel & Captiva Islands Association of REALTORS®, Inc.