497 Lake Murex Circle

Sanibel, FL 33957

$1,050,000
Price
4
Beds
3
Baths
2,140 Sq. Ft.
$491 / Sq. Ft.
2,140
Sq. Ft.
$491
per Sq. Ft.

Description

This spacious 4-bedroom, 3-bathroom home sits on an oversized lot and is your chance to create the perfect island retreat. Renovations are 71% complete, according to the City of Sanibel. House was gutted and reconfigured with a modern open floor plan, soaring ceilings, and large grey tile flooring throughout. The kitchen features custom cabinets from a designer showroom in Naples and are in place, but not completely installed, large, remodeled bathrooms give a spa like feeling, and needs to be completed...This spacious 4-bedroom, 3-bathroom home sits on an oversized lot and is your chance to create the perfect island retreat. Renovations are 71% complete, according to the City of Sanibel. House was gutted and reconfigured with a modern open floor plan, soaring ceilings, and large grey tile flooring throughout. The kitchen features custom cabinets from a designer showroom in Naples and are in place, but not completely installed, large, remodeled bathrooms give a spa like feeling, and needs to be completed (fixtures, shower doors, counter tops installed in guest bathroom, and vanity with countertop installed in guest suite). This home was purchased by some investors after Hurricane Ian and have found themselves short on funds to complete the project. Roof was damaged from the storm. Current owners started the process, removed the old roof, and got it dried in, but new owners will need to finish the project. Trim work inside needs to be finishes, along with hanging closet doors, etc. Front porch staircase needs to be redone, deck railings and stairs off the back deck need to be added for safety. House also needs some soffit, siding, and gutter repairs. Pool deck needs some finishing touches, along with all new equipment. There are various other projects that need to be completed; however, a lot of the materials are on-site. Enjoy sunset views over Lake Murex from the deck, take a short walk to the beach, or relax in the pool. The elevated home offers plenty of garage space for cars, toys, and more. Sold AS/IS with the right to inspect— Power is not on. Seize this opportunity to add the finishing touches and turn this home into a showstopper!
  1. Listed by Kelly Huguenin • Pfeifer Realty Group LLC
  2. Listed by Eric Pfeifer • Pfeifer Realty Group LLC

Property Details for 497 Lake Murex Circle

Development
LAKE MUREX
Building Design
Single Family
Community Type
Non-Gated
Waterfront
Yes
Waterfront Desc
Lake
Waterfront Desc
Lake
View
Lake
Garage Spaces
2.00
LISTING UPDATED: 10/01/2024 10:23 AM

Property Details for 497 Lake Murex Circle

StatusActive
MLS #224077521
Days on Market43
Taxes$15,744 / year
HOA Fees$75 / year
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family
Year Built1981
Lot Size0.56 AC / 24,611 SF
CountyLee County

Building Information for 497 Lake Murex Circle

Stories1Year Built1981Building Size-Lot Size0.56 AC / 24,611 SF

Property Information for 497 Lake Murex Circle

Summary
Location and General Information
  • City: SANIBEL
  • Human Modified: Yes
  • Latitude: 26.43
  • Longitude: -82.10
  • MLS Area Major: SI01 - Sanibel Island
  • Pets: No Approval Needed
  • Postal Code: 33957
  • Road Surface Type: Paved
  • Street Name: Lake Murex
  • Street Number: 497
  • Street Suffix: CIR
  • Block: 500
  • Full Address: 497 Lake Murex CIR
  • View: Yes
Parking
  • Attached Garage: Yes
  • Carport Spaces: .00
  • Carport: No
  • Covered Spaces: 2.00
  • Garage: Yes
  • Parking Features: Attached, Garage
Taxes and HOA Information
  • Amenity Rec Fee: $.00
  • Application Fee: $.00
  • Association Fee Total: $75.00
  • Association Fee Total Frequency: Annually
  • Association Fee 2: $75.00
  • Association Fee 2 Frequency: Annually
  • Maintenance: Recreation Facilities
  • Association Mngmt Phone: 301-646-6550
  • Mandatory HOA: No
  • HOA Desc: Voluntary
  • Tax Annual Amount: $15,744.23
  • Tax Year: 2023
  • Transfer Fee: $.00
  • Association Fee 3: $.00
Property
Lot Information
  • Source of Measure Total Area: Appraiser
  • Development Name: LAKE MUREX
  • Parcel Number: 27-46-22-T4-00500.0700
  • Property Type: Residential
  • Section: 27
  • Lot Unit: 70
  • Source of Measure Living Area: Appraiser
  • Source of Measure Lot Dimensions: Appraiser
  • Lot Desc: Irregular Lot
  • Acres: 0.565
  • Lot Size Area: 0.565
  • Lot Size Dimensions: 144 x 322 x 170 x 201
  • Source of Measurements: Appraiser
  • Lot Size Units: Acres
  • Legal Desc: LAKE MUREX PB 25 PG 70 LOTS 70 + 70A
Property and Assessments
  • Total Area: 5429.0
  • Rear Exposure: E
  • Approx Living Area: 2140.0
  • Possession: Close Of Escrow
  • Property Condition: Known Damage
  • Property Sub Type: Single Family Residence
  • Township: 46
  • Senior Community: false
  • Range: 22E
  • Special Assessment: 0.00
  • Sub Condo Name: LAKE MUREX
  • Year Built Numeric: 1981
  • Property Sub Type Additional: Single Family Residence
  • 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
  • Annual Food And Beverage Minimum: 0.00
  • Units in Complex: 1
  • Other Fee: $.00
  • Stories: 1.0
  • Total Floors: 1
  • Total One Time Fees: $.00
  • Units in Building: 1
Interior and Exterior Features
Exterior Features
  • Architectural Style: Ranch, One Story
  • Association Amenities: Pickleball, Tennis Courts
  • Canal Width: None
  • Community Features: Non Gated
  • Construction: Wood Frame
  • Exterior Features: Fence, Security High Impact Doors, Outdoor Shower
  • Exterior Features: Fence, Outdoor Shower
  • Foundation Details: Pillar Post Pier, Raised
  • Irrigation Source: None
  • Patio And Porch Features: Lanai, Porch, Screened
  • Pool Features: In Ground
  • Private Pool: Yes
  • Roof: Metal
  • Gulf Access: No
  • Spa: Yes
Interior Features
  • Baths Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3.0
  • Beds Total: 4
  • Bedrooms: 4 Bed
  • Cooling: Ceiling Fans, None
  • Cooling: No
  • Elevator Text Details: None
  • Fireplace: Yes
  • Flooring: Tile
  • Furnished Desc: Unfurnished
  • Heating: None
  • Heating: No
  • Interior Features: Fireplace, Living Dining Room, See Remarks, Cable Tv, Vaulted Ceilings, Walk In Closets, Split Bedrooms
  • Interior Features: Fireplace, Vaulted Ceiling, Walk-In Closet
  • Laundry Features: Inside
  • Spa Features: In Ground
  • Window Features: Impact Glass
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 497 Lake Murex Circle

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 497 Lake Murex Circle

Taxable ValueLand$349,253Additions$718,114Total$1,067,367
Tax Record2023$15,744 ($1,312 / month)
Home Facts
Beds4Total Finished SqFt2,140 SqFtAbove Grade Finished SqFt2,140 SqFtStories1Lot Size17,020 SqFtStyleSingle Family ResidenceYear Built1981Year Renovated1988CountyLEEAPN27-46-22-T4-00500.0700Fireplace TypeHas Fireplace

Schools near 497 Lake Murex Circle

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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497 Lake Murex Circle is a single family home for sale in Sanibel, FL 33957. This property was listed for sale on October 1, 2024 by Pfeifer Realty Group LLC, it's currently listed at $1,050,000. It has been on the market for a total of 43 days and was last sold on December 12, 2022. This listing's school district is Lee. Nearby schools include The Sanibel School, Cypress Lake Middle School and South Fort Myers High School. 497 Lake Murex Circle is a 4-bed, 3-bath, 2,140 sqft single family home built in 1981.

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 Pfeifer Realty Group LLC, Kelly Huguenin; Pfeifer Realty Group LLC, Eric Pfeifer

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.