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Key Details
Sold Price $315,000
Property Type Condo
Sub Type Low Rise (1-3)
Listing Status Sold
Purchase Type For Sale
Square Footage 429 sqft
Price per Sqft $734
Subdivision Sandpiper Gulf Resort
MLS Listing ID 220060679
Sold Date 10/22/20
Full Baths 1
Construction Status Resale Property
HOA Y/N Yes
Year Built 1970
Annual Tax Amount $2,649
Tax Year 2018
Property Description
It doesn't get any better than this! DIRECT GULF FRONT penthouse corner unit with views from Naples to Sanibel. This unit has been fully remodeled and current owner has paid all assessments in full. 1br efficiency unit has kitchen, dining and sitting areas and a king bedroom. Onsite rental program allows owners up to 8 WEEKS of free use (more at low cost) and with owner use this is still a cash cow! Gross income 2016-2018 was $57,834, $57,822 and $54,595. Net income, after all expenses and taxes, for 2016-2018 was $21,856, $20,821 and $22,941 making this a 6+% return on investment with your enjoyment of the unit free! This corner unit has an extra window with views to Sanibel and incredible sunsets and dolphins every night! Full-time management on site is the best on the beach - incredible unit management/oversight. Newly remodeled units - great potential for further income growth. At this price, this unit will not last long, and owner is motivated to sell now (retired and relocating). Two pools (family pool and adults only pool!), onsite laundry, grill stations and more!
Location
State FL
County Lee
Community Sandpiper Gulf Resort
Area Fb04 - Avenida Pescadora To S.Bd
Rooms
Other Rooms Balcony
Dining Room Eat-in Kitchen
Interior
Interior Features High Speed Available, Smoke Detectors
Heating Central Electric
Cooling Ceiling Fans, Central Electric
Flooring Tile
Equipment Cooktop - Electric, Dishwasher, Disposal, Microwave, Refrigerator/Freezer, Safe, Smoke Detector
Furnishings Turnkey
Exterior
Exterior Feature Courtyard, Deck, None, Outdoor Shower
Community Features Condo/Hotel
Amenities Available BBQ - Picnic, Beach Access, Bike Storage, Business Center, Common Laundry, Community Pool, Community Spa/Hot tub, Internet Access, Play Area
Waterfront 1
Waterfront Description Gulf Frontage,On the Gulf Beach
View Gulf
Roof Type Shingle
Private Pool No
Building
Lot Description Oversize
Building Description Stucco, Corner,End-Unit
Faces S
Story 3
Entry Level 3
Foundation Concrete Block
Sewer Central
Water Central
Structure Type Stucco
Construction Status Resale Property
Others
Pets Allowed Not Allowed
Senior Community No
Restrictions See Remarks
Ownership Condo
Special Listing Condition Owner Agent
Pets Description Not Allowed
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Bought with Century 21 TriPower Realty
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