$600,000
$689,900
13.0%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
700 SqFt
SOLD DATE : 05/06/2024
Key Details
Sold Price $600,000
Property Type Condo
Sub Type Mid Rise (4-7)
Listing Status Sold
Purchase Type For Sale
Square Footage 700 sqft
Price per Sqft $857
Subdivision Oceans Reach Condo
MLS Listing ID 223018833
Sold Date 05/06/24
Style Traditional
Bedrooms 1
Full Baths 1
HOA Y/N Yes
Originating Board Florida Gulf Coast
Year Built 1975
Annual Tax Amount $2,299
Tax Year 2023
Lot Size 3,977 Sqft
Acres 0.0913
Property Description
Top floor direct Gulf Front Condo in one of Sanibel’s desirable rental complexes. This 1 Bedroom/ 1 Bathroom provides exceptional views of the sparkling Gulf waters. Oceans Reach received considerable storm damage from hurricane Ian but has been remediated with contractors in the process of restoring the complex. This unit received minimal damage, but drywall was removed out of precaution. New drywall and property will be restored to "white box". You’ll want to take advantage of this purchase opportunity of a marvelous rental unit. 2021 - $68,680. For 2022 through September 27, $70,189 and it was fully booked for the rest of the year. Prior Covid and red tide unit grossing $78,000 to $80,000 a year.
Location
State FL
County Lee
Area Si01 - Sanibel Island
Rooms
Dining Room Dining - Living
Interior
Interior Features Common Elevator, Other
Heating Central Electric, None
Cooling Central Electric, None
Window Features Single Hung
Appliance Range, Refrigerator/Freezer
Laundry Inside
Exterior
Exterior Feature Tennis Court(s)
Carport Spaces 1
Community Features Pool, Tennis Court(s), Non-Gated
Utilities Available Cable Available
Waterfront Description Gulf Frontage
View Y/N No
View Gulf
Roof Type Built-Up or Flat
Porch Screened Lanai/Porch
Garage No
Private Pool No
Building
Lot Description Zero Lot Line
Building Description Concrete Block,Stone, Elevator
Sewer Central
Water Central
Architectural Style Traditional
Structure Type Concrete Block,Stone
Others
HOA Fee Include Cable TV,Insurance,Internet,Maintenance Grounds,Legal/Accounting,Manager,Pest Control Exterior,Rec Facilities,Repairs
Tax ID 36-46-22-T1-00100.4B40
Ownership Condo
Acceptable Financing Buyer Finance/Cash
Listing Terms Buyer Finance/Cash
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Bought with Pfeifer Realty Group LLC
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