2501 West Gulf Drive, Unit 102

Sanibel, FL 33957

$1,575,000
Price
3
Beds
2
Baths
1,950 Sq. Ft.
$808 / Sq. Ft.
1,950
Sq. Ft.
$808
per Sq. Ft.

Description

PICTURES ARE CURRENT - 6/24 - STUNNING BEACHFRONT condo on Sanibel Island is now available, offering the perfect blend of luxury and convenience. EVERYTHING BRAND NEW, including furnishings, new owners can move in immediately. The property is part of the renowned Pine Cove complex, one of the few complexes on the island that allows 7-day rentals. This lucrative feature, combined with the condo's prime location on West Gulf Drive, presents exceptional income potential. CURRENT RENTAL PROJECTIONS indicate...PICTURES ARE CURRENT - 6/24 - STUNNING BEACHFRONT condo on Sanibel Island is now available, offering the perfect blend of luxury and convenience. EVERYTHING BRAND NEW, including furnishings, new owners can move in immediately. The property is part of the renowned Pine Cove complex, one of the few complexes on the island that allows 7-day rentals. This lucrative feature, combined with the condo's prime location on West Gulf Drive, presents exceptional income potential. CURRENT RENTAL PROJECTIONS indicate an impressive $160K INCOME POTENTIAL, allowing investors to start generating rental income as early as Summer 2024. Professional management is already in place, ensuring a seamless rental process. The condo boasts 3 spacious bedrooms and a large lanai that offers breathtaking views of the Gulf and the pool. The primary suite is particularly impressive, featuring a walk-in shower and double sinks in the primary bathroom. The living room includes a designated area for a wet bar, making it ideal for entertaining guests. This condo is a rare find, offering a beautiful, spacious, and well-located living space on Sanibel Island. Don't miss this opportunity to own a slice of paradise and enjoy the stunning Gulf views and all that this vibrant island has to offer. (Note - Unit is above covered parking and IS NOT a ground floor unit)
  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
LISTING UPDATED: 10/31/2024 04:06 PM

Property Details for 2501 West Gulf Drive, Unit 102

StatusActive
MLS #223069716
Days on Market410
Taxes$7,270 / year
HOA Fees-
Condo/Co-op Fees$5,500 / quarter
Compass TypeCondo
MLS TypeResidential / Low Rise (1-3)
Year Built1986
CountyLee County

Building Information for 2501 West Gulf Drive, Unit 102

Building/Complex2501 W Gulf DrFloor1Stories1Residences12Pet PolicyNot AllowedYear Built1986

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 Number Modifier: 2501
  • Street Suffix: DR
  • Block: 700
  • Unit Number: 102
  • Full Address: 2501 W Gulf DR 102
  • View: Yes
Parking
  • Attached Garage: No
  • Carport Spaces: .00
  • Carport: No
  • Covered Spaces: .00
  • Garage: No
  • Parking Features: Assigned, Covered, Underground, Guest, One Space
  • Parking Total: .00
Taxes and HOA Information
  • Additional Parcels: No
  • Amenity Rec Fee: $.00
  • Application Fee: $.00
  • Condo Fee: $5,500.00
  • Primary HOA Fee: $22,000.00
  • Association Fee Total: $42,000.00
  • Association Fee Total Frequency: Annually
  • Association Fee 2: $.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: $7,270.00
  • Tax Year: 2023
  • Transfer Fee: $250.00
  • Association Fee 3: $10,500.00
  • Association Fee 3 Frequency: Quarterly
Property
Lot Information
  • Source of Measure Total Area: Builder
  • Building Area Units: Square Feet
  • Building Features: Cable Prewire
  • 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
  • Living Area Units: Square Feet
  • Source of Measure Lot Dimensions: Appraiser
  • Lot Desc: Zero Lot Line
  • Acres: 0.1729
  • Lot Size Area: 0.1729
  • Source of Measurements: Appraiser
  • Land Sq Ft: 7532.0
  • 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
  • New Construction: No
  • Possession: Close Of Escrow
  • Property Condition: Resale
  • Property Sub Type: Condominium
  • Township: 46
  • Senior Community: false
  • 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 Term: Buyer Finance/Cash
  • 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
  • Foundation Details: Pillar Post Pier, Raised
  • 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
  • Fireplace: No
  • Flooring: Concrete, Tile
  • Furnished Desc: Furnished
  • Heating: Central, Electric
  • Heating: Yes
  • Interior Features: Breakfast Bar, Entrance Foyer, Living Dining Room, Main Level Primary, None, Sitting Area In Primary, Cable Tv, Walk In Closets
  • Interior Features: Foyer, Walk-In Closet
  • Laundry Features: Washer Hookup, Dryer Hookup, Inside
  • Levels: 1
  • Spa Features: Community
  • Window Features: Impact Glass
Rental
Rental Information
  • HorseYN: No
  • 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.

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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 $1,575,000. It has been on the market for a total of 410 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. Offers of compensation are subject to change at the discretion of the seller. 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

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