429 East Gulf Drive, Unit 51

Sanibel, FL 33957

$295,000
Price
1
Beds
1
Bath
600 Sq. Ft.
$492 / Sq. Ft.
600
Sq. Ft.
$492
per Sq. Ft.

Description

Nestled in the sought-after East End of Sanibel Island, this top-floor one-bedroom, one-bath condo at The Colony Inn offers a unique chance to craft your own tropical retreat or investment property. Construction is ongoing and you will have the freedom to design the space exactly how you imagine, as the unit has been brought down to a "white box" state, ready for your personal touch. Enjoy serene tropical views from the screened porch, making it an ideal island escape or vacation rental. The Colony...Nestled in the sought-after East End of Sanibel Island, this top-floor one-bedroom, one-bath condo at The Colony Inn offers a unique chance to craft your own tropical retreat or investment property. Construction is ongoing and you will have the freedom to design the space exactly how you imagine, as the unit has been brought down to a "white box" state, ready for your personal touch. Enjoy serene tropical views from the screened porch, making it an ideal island escape or vacation rental. The Colony Inn allows for flexible rental terms—nightly, weekly, or monthly—through their on-site rental management office, ensuring great potential with many returning guests. The property features a community pool and offers easy beach access, perfect for a relaxing getaway or winter retreat. Its prime location is just a short walk to shopping, dining, and more, with quick off-and-on island access. Don’t miss your chance to own this slice of paradise!
  1. Listed by LeAne Taylor Suarez • John R. Wood Properties
  2. Listed by Aleczander Suarez • John R. Wood Properties

Property Details for 429 East Gulf Drive, Unit 51

Development
COLONNADES CONDO
Building Design
Low Rise (1-3)
Community Type
Condo/Hotel
Waterfront
No
Waterfront Desc
None
Waterfront Desc
None
View
Landscaped Area
Garage Spaces
.00
LISTING UPDATED: 11/12/2024 02:57 PM

Property Details for 429 East Gulf Drive, Unit 51

StatusActive
MLS #224080678
Days on Market64
Taxes$350 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condo
Year Built1969
CountyLee County

Building Information for 429 East Gulf Drive, Unit 51

Building/Complex429 E Gulf DrFloor2Stories2Residences16Pet PolicyAllowedYear Built1969

Property Information for 429 East Gulf Drive, Unit 51

Summary
Location and General Information
  • City: Sanibel
  • Human Modified: Yes
  • Latitude: 26.45
  • Longitude: -82.02
  • MLS Area Major: SI01 - Sanibel Island
  • Pets: Limits, With Approval
  • Pets Limit Max Number: 5
  • Pets Limit Max Weight: 150
  • Postal Code: 33957
  • Street Direction Prefix: E
  • Street Name: Gulf
  • Street Number: 429
  • Street Suffix: DR
  • Block: 2400
  • Unit Number: 51
  • Full Address: 429 E Gulf DR 51
Parking
  • Carport Spaces: .00
  • Carport: No
  • Covered Spaces: .00
  • Garage: No
Taxes and HOA Information
  • Amenity Rec Fee: $.00
  • Application Fee: $.00
  • Association Fee Total: $10,800.00
  • Association Fee Total Frequency: Annually
  • Association Fee 2: $.00
  • Maintenance: Association Management, Cable Tv, Insurance, Irrigation Water, Laundry, Legal Accounting, Maintenance Grounds, Pest Control, Trash, Water
  • Association Mngmt Phone: 2394725151
  • Mandatory HOA: No
  • Tax Annual Amount: $350.00
  • Tax Year: 2024
  • Transfer Fee: $.00
  • Association Fee 3: $2,700.00
  • Association Fee 3 Frequency: Quarterly
Property
Lot Information
  • Source of Measure Total Area: Builder
  • Development Name: COLONNADES CONDO
  • Parcel Number: 20-46-23-T3-02400.0110
  • Property Type: Residential
  • Section: 20
  • Lot Unit: 11
  • Source of Measure Living Area: Builder
  • Source of Measure Lot Dimensions: Appraiser
  • Lot Desc: Corner Lot
  • Acres: 0.0
  • Lot Size Area: 0.0
  • Source of Measurements: Appraiser
  • Lot Size Units: Acres
  • Legal Desc: COLONNADE CONDOMINIUM NO 2 OR 553 PG 740 UNIT 11
Property and Assessments
  • Total Area: 675.0
  • Rear Exposure: SW
  • Approx Living Area: 600.0
  • Possession: Close Of Escrow
  • Property Condition: Resale
  • Property Sub Type: Condominium
  • Township: 46
  • Senior Community: false
  • Range: 23E
  • Special Assessment: 0.00
  • Sub Condo Name: COLONNADES CONDO
  • Year Built Numeric: 1969
  • 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
  • Utilities: Cable Available
  • 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: 36
  • Other Fee: $.00
  • Total Floors: 2
  • Total One Time Fees: $.00
  • Units in Building: 16
  • Unit Location: 2
Interior and Exterior Features
Exterior Features
  • Architectural Style: See Remarks, Low Rise
  • Association Amenities: Beach Rights, Beach Access, Bike Storage, Laundry, Barbecue, Picnic Area, Pool
  • Canal Width: None
  • Community Features: Condo Hotel Community, Near Hotel Motel
  • Construction: Poured Concrete, Concrete Block
  • Exterior Features: Security High Impact Doors, Other
  • Exterior Features: None
  • Irrigation Source: Municipal
  • Patio And Porch Features: Lanai, Porch, Screened
  • Pool Features: Community
  • Private Pool: No
  • Roof: Shingle
  • Structure Type: Low Rise
  • Gulf Access: No
  • Spa: No
Interior Features
  • Baths Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 1.0
  • Beds Total: 1
  • Bedrooms: 1 Bed
  • Cooling: Central Air, Ceiling Fans, Electric
  • Cooling: Yes
  • Elevator Text Details: None
  • Flooring: Tile
  • Furnished Desc: Unfurnished
  • Heating: Wall Furnace
  • Heating: Yes
  • Interior Features: Family Dining Room, Living Dining Room, Other, Tub Shower
  • Interior Features: Other
  • Laundry Features: Common Area
  • Window Features: Sliding, Impact Glass
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 429 East Gulf Drive, Unit 51

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 429 East Gulf Drive, Unit 51

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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429 East Gulf Drive, Unit 51 is a condo for sale in Sanibel, FL 33957. This property was listed for sale on October 14, 2024 by John R. Wood Properties, it's currently listed at $295,000. It has been on the market for a total of 64 days and was last sold on December 1, 2014. This listing's school district is Lee. Nearby schools include The Sanibel School, Cypress Lake Middle School and South Fort Myers High School. 429 East Gulf Drive, Unit 51 is a 1-bed, 1-bath, 600 sqft condo built in 1969.

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.

Listing Courtesy of John R. Wood Properties, LeAne Taylor Suarez; John R. Wood Properties, Aleczander Suarez

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.