Property Details
Price: $349,000
Sq Ft: 429
($814 per sqft)
Bathrooms: 1
City:Fort Myers Beach
County:Lee
Type:Condo
Development:Sandpiper Gulf Resort
Subdivision:Sandpiper Gulf Resort
Year Built:1970
Listing Number:220060679
Status Code:CS-Closed Sale
Taxes:$2,649.00
Tax Year: 2018
Furnishings: Furnished
Pets Allowed: No
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Interior Features:
Eat-in Kitchen
Tub Shower
High Speed Internet
Exterior Features:
Courtyard
Deck
Outdoor Shower
View:
Gulf
Waterfront Description:
Beach Front
Gulf
Amenities:
Beach Rights
Beach Access
Bike Storage
Business Center
Laundry
Barbecue
Picnic Area
Playground
Pool
Spa/Hot Tub
Financial Information:
Taxes: $2,649.00
Tax Year: 2018
HOA Fees: $2,138.00
HOA Description: Association Man
HOA Frequency: Quarterly
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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!
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Additional Information:
Building Description: Low Rise
Building Design: Low Rise (1-3 Floors)
Community Type: Condo Hotel Community, Near Hotel/Motel
MLS Area: Fb04 - Avenida Pescadora To S.bd
Total Square Footage: 429
Water: Public
Lot Desc.: Block, Concrete, Stucco
Construction: Block, Concrete, Stucco
Foreclosure: No
Short Sale: N
Date Listed: 2020-09-23 18:19:51
Pool: No
Pool Description: Community
Private Spa: No
Furnished: Furnished
Flooring: Tile
Roof: Shingle
Heating: Central, Electric
Cooling: Central Air, Ceiling Fan(S), Electric
Pets: No
Restrictions: See Remarks
Sewer: Public Sewer
HOA Fees: $2,138.00
HOA Description: Association Man
HOA Frequency: Quarterly
Amenities: Beach Rights, Beach Access, Bike Storage, Business Center, Laundry, Barbecue, Picnic Area, Playground, Pool, Spa/Hot Tub
Map of 5530 Estero Blvd 370, Fort Myers Beach, FL 33931
Listing Courtesy Of: Techventure Real Estate
(239) 945-6675