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Key Details
Sold Price $670,000
Property Type Condo
Sub Type Mid Rise (4-7)
Listing Status Sold
Purchase Type For Sale
Square Footage 1,184 sqft
Price per Sqft $565
Subdivision Loggerhead Cay Condo
MLS Listing ID 220061322
Sold Date 05/21/21
Bedrooms 2
Full Baths 2
Construction Status Resale Property
HOA Y/N Yes
Annual Recurring Fee 7980.0
Year Built 1975
Annual Tax Amount $6,660
Tax Year 2018
Property Description
Well-appointed and open 2nd floor condo unit is a top grossing Rental in Loggerhead Cay. Located in a building directly on the beach, gross rentals have exceeded $68,000 annually since 2017. 2021 has over $20,000 in rental income on the books.
The master in this 2nd floor unit overlooks the beautiful pool and lush grounds. The lanai and living area have views of the Gulf and the pool. Each bedroom has an adjacent separate bathroom. This popular, turnkey, updated condo has double the average rentals and cash flow of other units, qualifying for extra personal use without losing tax advantages. Hurricane impact windows throughout make the condo safe, quiet and energy efficient, with a preferred insurance rate. Its dual built-in UV air sterilization kills 99.9% of viruses and other pathogens. A complementary portable UV system adds peace of mind. You can’t beat this condo for family enjoyment, safety and income in one of Sanibel’s most popular Gulf-front condominium resorts. Convenient to the heart of Sanibel, with quick mainland access. Enjoy the beach while others sit in traffic.
Location
State FL
County Lee
Community Loggerhead Cay Condo
Area Si01 - Sanibel Island
Rooms
Other Rooms Screened Lanai/Porch
Dining Room Breakfast Bar, Dining - Living
Interior
Interior Features Built-In Cabinets, Cable Prewire, High Speed Available
Heating Central Electric
Cooling Ceiling Fans, Central Electric
Flooring Carpet, Tile
Equipment Cooktop - Electric, Dishwasher, Dryer, Microwave, Refrigerator/Freezer, Smoke Detector, Washer
Furnishings Turnkey
Exterior
Exterior Feature Courtyard, Outdoor Shower, Sprinkler Auto, Tennis Court
Community Features Condo/Hotel, Non-Gated, Tennis
Amenities Available BBQ - Picnic, Beach Access, Bike And Jog Path, Bike Storage, Clubhouse, Community Pool, Extra Storage, Guest Room, Internet Access, Shuffleboard, Tennis Court
Waterfront 1
Waterfront Description Gulf Frontage,On the Gulf Beach
View Gulf, Landscaped Area, Partial Gulf, Pool/Club, Water
Roof Type Built-Up or Flat
Parking Type 1 Assigned
Private Pool No
Building
Lot Description Irregular Shape, See Remarks
Building Description Stucco, Garden Apt
Faces SW
Story 4
Entry Level 2
Foundation Concrete Block
Sewer Central
Water Central
Structure Type Stucco
Construction Status Resale Property
Others
Pets Allowed Limits
Senior Community No
Restrictions Deeded
Ownership Condo
Pets Description Limits
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Bought with Pfeifer Realty Group LLC
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