979 E Gulf Drive Unit 513, Sanibel, FL 33957

$1,115,000
2
BD
2
BA
1,235
SqFt

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Sold Price
$1,115,000
List Price
$1,295,000
Status
CLOSED
Days on Market
51
Closing Date
Nov 30, 2023
MLS#
223071965
Subtype
Residential
Style
Mid Rise
Architectural Style
Mid Rise
Year Built
1975
Bedrooms
2
Bathrooms
2
Full Baths
2
Living Area
1,235
Acres
0.39
Subdivision
Loggerhead Cay Condo
Neighborhood
Loggerhead Cay Condo
MLS Area Major
SI01 - Sanibel Island

Property Description

Welcome to Loggerhead Cay E513! This furnished 2 bedroom, 2 bathroom, 2 balcony, 3rd floor corner unit is an extremely rare offering in one of the island’s very best and most desirable “blue chip” beach front condo communities. Find your inner peace from the sounds and cool breezes of the Gulf of Mexico, Enjoy the unparalleled views of the beautiful white sandy beach and sparkling turquoise waters from nearly every room, relax and stretch out in the spacious and inviting living areas or one of your beach front lanais, and sleep comfortably on a premier rental return grossing comfortably in the 6 figures. Loggerhead Cay is slated to have full power restored 11/1/23, and rentals can commence at that time. The condo did suffer some water damage from the unit above during Hurricane Ian, but is an opportunity for the new owner to complete the interior to their taste. Fully wind mitigated with all impact doors, windows, and sliders, A/C pumping cold air, and offered furnished, not much work is needed to enjoy one of Sanibel’s best investment opportunities to the fullest by this season and then for a lifetime. No Assessments planned or proposed!!

Additional Information

Amenities
Beach Rights, Basketball Court, Bike Storage, Clubhouse, Barbecue, Picnic Area, Pickleball, Pool, Spa/Hot Tub, Storage
Interior Features
Breakfast Bar, Dual Sinks, Family/Dining Room, Kitchen Island, Living/Dining Room, Other, Pantry, See Remarks, High Speed Internet, Split Bedrooms
Exterior Features
Security/High Impact Doors, Other, Patio, Storage, Shutters Electric, Tennis Court(s)
Taxes
$12,821
HOA Fee
$820
Pets Allowed
Call, Conditional
Pets
Call, Conditional
Property Description
Mid Rise
Flooring
Carpet, Tile
Heating
Central, Electric
Air Conditioning
Central Air, Ceiling Fan(s), Electric
Exterior Construction
Block, Concrete, Stucco
Roof
Built-Up, Flat
Pool Type
Community
Parking Features
Common, Guest, Paved, Two Spaces
View
Gulf

Courtesy of Berkshire Hathaway Florida

Selling Office: .

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