979 East Gulf Drive, Unit E572

Sanibel, FL 33957

$670,000
Last Sold Price
2
Beds
2
Baths
1,184 Sq. Ft.
$566 / Sq. Ft.
1,184
Sq. Ft.
$566
per Sq. Ft.

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...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.

Property Details for 979 East Gulf Drive, Unit E572

Development
LOGGERHEAD CAY CONDO
Building Design
Mid Rise (4-7)
Community Type
Condo/Hotel, Non-Gated, Tennis
Waterfront
Yes
Waterfront Desc
Beach Front, Gulf
Waterfront Desc
On the Gulf Beach, Gulf Frontage
View
Partial Gulf, Landscaped Area, Pool/Club, Water, Water Feature
Garage Spaces
.00

Location

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LISTING UPDATED: 03/03/2022 05:07 PM

Property Details for 979 East Gulf Drive, Unit E572

StatusClosed
MLS #220061322
Days on Market200
Taxes$6,660 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condo
Year Built1975
CountyLee County

Location

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Building Information for 979 East Gulf Drive, Unit E572

Building/Complex979 E Gulf DrFloor-Stories4Residences32Pet PolicyAllowedYear Built1975

Payment Calculator

$4,211 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,656

Property Taxes

$555

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 979 East Gulf Drive, Unit E572

Summary
Location and General Information
  • City: SANIBEL
  • Directions: Drive over the Sanibel Causeway go through the first stop sign and continue on to Lindgren which dead ends at East Gulf, make a right and 2nd drive on the left is Loggerhead Cay.
  • Human Modified: No
  • MLS Area Major: SI01 - Sanibel Island
  • Pets: Limits, With Approval
  • Pets Limit Max Number: 2
  • Pets Limit Max Weight: 25
  • Postal Code: 33957
  • Street Direction Prefix: E
  • Street Name: Gulf
  • Street Number: 979
  • Street Suffix: DR
  • Block: 70E
  • Unit Number: E572
  • Full Address: 979 E Gulf DR E572
  • View: Yes
Parking
  • Carport Spaces: .00
  • Carport: No
  • Covered Spaces: .00
  • Garage: No
  • Parking Features: Assigned, One Space
Taxes and HOA Information
  • Amenity Rec Fee: $.00
  • Application Fee: $.00
  • Condo Fee: $.00
  • Primary HOA Fee: $7,980.00
  • HOA Fee: $.00
  • Primary HOA Fee Freq: Monthly
  • Maintenance: Association Management, Cable TV, Insurance, Internet, Irrigation Water, Legal Accounting, Maintenance Grounds, Pest Control, Trash, Water
  • Association Mngmt Phone: 239-454-1101
  • Mandatory HOA: Yes
  • Tax Annual Amount: $6,660.00
  • Tax Year: 2018
  • Transfer Fee: $.00
Property
Lot Information
  • Source of Measure Total Area: Appraiser
  • Development Name: LOGGERHEAD CAY CONDO
  • Parcel Number: 30-46-23-T2-0070E.5720
  • Property Type: Residential
  • Section: 30
  • Lot Unit: 572
  • Source of Measure Living Area: Appraiser
  • Source of Measure Lot Dimensions: Appraiser
  • Lot Desc: Irregular Lot, See Remarks, Sprinklers Automatic
  • Source of Measurements: Appraiser
  • Lot Size Units: Acres
  • Legal Desc: LOGGERHEAD CAY PHSE 2 COND BLDG E OR 1080 PG 1784 UNIT 572
Property and Assessments
  • Total Area: 1184.0
  • Rear Exposure: SW
  • Approx Living Area: 1184.0
  • Possession: Close Of Escrow
  • Property Condition: Resale
  • Property Sub Type: Condominium
  • Township: 46
  • Range: 23
  • Special Assessment: 0.00
  • Sub Condo Name: LOGGERHEAD CAY CONDO
  • Year Built Numeric: 1975
  • Property Sub Type Additional: Condominium
  • Restrictions: Deed Restrictions
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
  • Water Source: Public
  • Water: Central
Multi Family
Multi-Family Information
  • Common Interest: Condominium
  • Num Unit Floor: 2
  • Annual Food And Beverage Minimum: 0.00
  • Units in Complex: 168
  • Other Fee: $.00
  • Total Floors: 4
  • Total Annual Recurring Fees: $7,980.00
  • Total One Time Fees: $.00
  • Units in Building: 32
  • Unit Location: 2
Interior and Exterior Features
Exterior Features
  • Architectural Style: Garden Home, Mid Rise
  • Association Amenities: Beach Rights, Beach Access, Bike Storage, Clubhouse, Guest Suites, Barbecue, Picnic Area, Pool, Shuffleboard Court, Storage, Tennis Courts, Trails
  • Boat Access: None
  • Canal Width: N, o, n, e
  • Community Features: Condo Hotel Community, Elevator, Near Hotel Motel, Non Gated, Tennis Courts
  • Construction: Poured Concrete, Concrete Block
  • Exterior Features: Courtyard, Sprinkler Irrigation, Outdoor Shower, Tennis Courts
  • Exterior Features: Courtyard, Outdoor Shower, Tennis Court, Sprinklers Auto
  • Irrigation Source: Municipal
  • Patio And Porch Features: Porch, Screened
  • Pool Features: Community
  • Private Pool: No
  • Roof: Built Up, Flat
  • Security Features: Smoke Detectors
  • Gulf Access: No
  • Spa: No
Interior Features
  • Appliances: Dryer, Dishwasher, Electric Cooktop, Freezer, Microwave, Refrigerator, Washer
  • Baths Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 2.0
  • Beds Total: 2
  • Bedrooms: 2 Bed
  • Cooling: Central Air, Ceiling Fans, Electric
  • Cooling: Yes
  • Elevator Text Details: Common
  • Flooring: Carpet, Tile
  • Furnished Desc: Furnished
  • Heating: Central, Electric
  • Heating: Yes
  • Interior Features: Breakfast Bar, Builtin Features, Living Dining Room, Shower Only, Separate Shower, Cable TV, High Speed Internet, Split Bedrooms
  • Interior Features: Built-In Cabinets, Built-Ins, Cable Prewire, High Speed Available, Smoke Detectors
  • Rooms Total: 0
  • Window Features: Impact Glass
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 979 East Gulf Drive, Unit E572

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 979 East Gulf Drive, Unit E572

Taxable ValueLand-Additions$86,100Total-
Tax Record2023$1,254 ($105 / month)
Home Facts
Beds2Total Finished SqFt1,184 SqFtAbove Grade Finished SqFt1,184 SqFtStories4Lot Size17,151 SqFtStyleCondominiumYear Built1975CountyLEEAPN30-46-23-T2-0070E.5720

Schools near 979 East Gulf Drive, Unit E572

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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Similar Sold Homes

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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.

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