2501 West Gulf Drive, Unit 102

Sanibel, FL 33957

$1,475,000
Price
3
Beds
2
Baths
1,950 Sq. Ft.
$756 / Sq. Ft.
1,950
Sq. Ft.
$756
per Sq. Ft.

Description

Beautiful REMODEL nearly complete - EVERYTHING is NEW, including FURNISHINGS! PHOTOS UPDATED as of 4/25 reflect the current progress. Current Rental projections indicate $116K NET INCOME POTENTIAL! Start generating rental income immediately in Summer 2024. Professional management is in place. The stunning Gulf views are unbeatable, and PINE COVE is one of the few complexes on the island that ALLOWS 7-DAY RENTALS & Unit 102 is a 3-bedroom unit. If you are in search of a beautiful, spacious, and well-located...Beautiful REMODEL nearly complete - EVERYTHING is NEW, including FURNISHINGS! PHOTOS UPDATED as of 4/25 reflect the current progress. Current Rental projections indicate $116K NET INCOME POTENTIAL! Start generating rental income immediately in Summer 2024. Professional management is in place. The stunning Gulf views are unbeatable, and PINE COVE is one of the few complexes on the island that ALLOWS 7-DAY RENTALS & Unit 102 is a 3-bedroom unit. If you are in search of a beautiful, spacious, and well-located condo on Sanibel Island, this is the ideal opportunity for you. This BEACHFRONT 3-BEDROOM CONDO on Sanibel Island is a rare find. It is already in an established, SUCCESSFUL, VACATION RENTAL PROGRAM. There is plenty of room to spread out, with 1,950 SQ FT plus a LARGE LANAI with views of the Gulf and Pool. The primary suite is huge, & the primary bathroom has a walk-in shower and double sinks. The living room includes an area for a wet bar, so you can entertain guests in style. There is also one ASSIGNED COVERED parking spot and a storage closet. The condo is located on West Gulf Drive, close to all of the island's amenities, including restaurants and shops.
  1. Listed by Ross Winchel • Royal Shell Real Estate, Inc.

Property Details for 2501 West Gulf Drive, Unit 102

Development
PINE COVE OF SANIBEL
Building Design
Low Rise (1-3)
Community Type
Non-Gated
Waterfront
Yes
Waterfront Desc
Beach Front
Waterfront Desc
On the Gulf Beach
View
Gulf, Pool
Garage Spaces
.00

Location

Listing Courtesy of Royal Shell Real Estate, Inc., Ross Winchel
Add your commute
LISTING UPDATED: 04/25/2024 07:55 AM

Property Details for 2501 West Gulf Drive, Unit 102

StatusActive
MLS #223069716
Days on Market221
Taxes$15,842 / year
HOA Fees-
Condo/Co-op Fees$5,500 / quarter
Compass TypeCondo
MLS TypeResidential / Low Rise (1-3)
Year Built1986
CountyLee County

Location

Listing Courtesy of Royal Shell Real Estate, Inc., Ross Winchel
Add your commute

Building Information for 2501 West Gulf Drive, Unit 102

Building/Complex2501 W Gulf DrFloor1Stories1Residences12Pet PolicyNot AllowedYear Built1986

Payment Calculator

$11,203 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,050

Property Taxes

$1,320

HOA Dues

$1,833

The Payment Calculator is for illustrative purposes only.

Property Information for 2501 West Gulf Drive, Unit 102

Summary
Location and General Information
  • City: SANIBEL
  • Human Modified: Yes
  • Latitude: 26.42
  • Longitude: -82.08
  • MLS Area Major: SI01 - Sanibel Island
  • Pets: Not Allowed
  • Postal Code: 33957
  • Street Direction Prefix: W
  • Street Name: Gulf
  • Street Number: 2501
  • Street Suffix: DR
  • Block: 700
  • Unit Number: 102
  • Full Address: 2501 W Gulf DR 102
  • View: Yes
Parking
  • Carport Spaces: .00
  • Carport: No
  • Covered Spaces: .00
  • Garage: No
  • Parking Features: Assigned, Covered, Underground, Guest, One Space
Taxes and HOA Information
  • Amenity Rec Fee: $.00
  • Application Fee: $.00
  • Condo Fee: $5,500.00
  • Primary HOA Fee: $22,000.00
  • HOA Fee: $.00
  • Maintenance: Association Management, Legal Accounting, Maintenance Grounds, Pest Control, Sewer, Trash, Water
  • Association Mngmt Phone: 239-472-5020
  • Mandatory HOA: Yes
  • Tax Annual Amount: $15,841.62
  • Tax Year: 2022
  • Transfer Fee: $250.00
  • Association Fee 3: $10,500.00
  • Association Fee 3 Frequency: Quarterly
Property
Lot Information
  • Source of Measure Total Area: Builder
  • Development Name: PINE COVE OF SANIBEL
  • Parcel Number: 35-46-22-T1-00700.1020
  • Property Type: Residential
  • Section: 35
  • Lot Unit: 102
  • Source of Measure Living Area: Builder
  • Source of Measure Lot Dimensions: Appraiser
  • Lot Desc: Zero Lot Line
  • Acres: 0.1729
  • Lot Size Area: 0.1729
  • Source of Measurements: Appraiser
  • Lot Size Units: Acres
  • Legal Desc: PINE COVE OF SANIBEL OR 1787 PG 3886 UNIT 102
Property and Assessments
  • Total Area: 2130.0
  • Rear Exposure: S
  • Approx Living Area: 1950.0
  • Possession: Close Of Escrow
  • Property Condition: Known Damage
  • Property Sub Type: Condominium
  • Township: 46
  • Range: 22
  • Special Assessment: 0.00
  • Sub Condo Name: PINE COVE OF SANIBEL
  • Year Built Numeric: 1986
  • Property Sub Type Additional: Condominium
  • Restrictions: Deed Restrictions, Limited Number Vehicles, No Commercial, No RV
Lease Information
  • Land Lease Fee: $.00
  • Lease Amount Per Area Unit: Dollars Per Square Foot
  • One Time Land Lease Fee: $.00
  • One Time Mandatory Club Fee: $.00
  • One Time Othe Fee: $.00
  • One Time Special Assessment Fee: $.00
Utilities
  • Sewer: Central
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Public
  • Water: Central
Multi Family
Multi-Family Information
  • Common Interest: Condominium
  • Num Unit Floor: 1
  • Annual Food And Beverage Minimum: 0.00
  • Units in Complex: 16
  • Other Fee: $.00
  • Total Floors: 1
  • Total Annual Recurring Fees: $22,000.00
  • Total One Time Fees: $250.00
  • Units in Building: 12
  • Unit Location: 1
Interior and Exterior Features
Exterior Features
  • Architectural Style: None, Low Rise
  • Association Amenities: Beach Rights, Beach Access, Barbecue, Picnic Area, Pool, Spa Hot Tub
  • Boat Access: None
  • Canal Width: N, o, n, e
  • Community Features: Elevator, Non Gated
  • Construction: Poured Concrete, Concrete Block
  • Exterior Features: Security High Impact Doors, None
  • Exterior Features: None
  • Irrigation Source: Municipal
  • Patio And Porch Features: Lanai, Porch, Screened
  • Pool Features: Community
  • Private Pool: No
  • Roof: Built Up, Flat
  • Structure Type: Low Rise
  • Gulf Access: No
  • Spa: No
Interior Features
  • Baths Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 2.0
  • Beds Total: 3
  • Bedrooms: 3 Bed
  • Cooling: Central Air, Electric
  • Cooling: Yes
  • Elevator Text Details: Common
  • Flooring: Concrete, Tile
  • Furnished Desc: Unfurnished
  • Heating: Central, Electric
  • Heating: Yes
  • Interior Features: Breakfast Bar, Entrance Foyer, Living Dining Room, Main Level Primary, None, Sitting Areain Primary, Cable TV, Walk In Closets
  • Interior Features: Foyer, Cable Prewire, Walk-In Closet
  • Laundry Features: Washer Hookup, Dryer Hookup, Inside
  • Window Features: Impact Glass
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 2501 West Gulf Drive, Unit 102

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2501 West Gulf Drive, Unit 102

Taxable ValueLand-Additions$504,649Total-
Tax Record2023$7,270 ($606 / month)
Home Facts
Beds2Total Finished SqFt1,765 SqFtAbove Grade Finished SqFt1,765 SqFtStories3Lot Size7,499 SqFtStyleCondominiumYear Built1986CountyLEEAPN35-46-22-T1-00700.1020

Schools near 2501 West Gulf Drive, Unit 102

This home is within Lee.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
The Sanibel School
PublicPK to 8

Cypress Lake Middle School
Public6 to 8

South Fort Myers High School
Public9 to 12

Fort Myers High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2501 West Gulf Drive, Unit 102 is a condo for sale in Sanibel, FL 33957. This property was listed for sale on September 29, 2023 by Royal Shell Real Estate, Inc., it's currently listed at $1,475,000. It has been on the market for a total of 221 days and was last sold on April 30, 2018. This listing's school district is Lee. Nearby schools include The Sanibel School, Cypress Lake Middle School and South Fort Myers High School. 2501 West Gulf Drive, Unit 102 is a 3-bed, 2-bath, 1,950 sqft condo built in 1986.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Royal Shell Real Estate, Inc., Ross Winchel

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.