Pine Cove #201


Lanai dBeach-Facing 3-Bedroom Condo

Earning Nearly $100K/Yr With Owner Use

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The low-density condominium community of Pine Cove has just 16 owners.

Conveniently located near the intersection of West Gulf Drive & Tarpon Bay Road, Pine Cove  is both gulf-front & convenient to the bike path & the many offerings of Sanibel Center, including the post office, Bailey’s Shopping Center (with both grocery, hardware, & liquor stores), shops, restaurants, banks, the Sanibel Movie Theater, & more.Lanai e

Unit #201 is the innermost end-unit on the 2nd floor of the main building, nestled amid tropical vegetation & handy to the elevator.

The community has both heated pool & outdoor Jacuzzi-spa in a quiet environment with a pergola & bbq area too.

PC SpaThe spacious 3-bedroom floor plan is the largest in the community, featuring ~2200 sq.ft. of air conditioned space, plus ~350 sq. ft. wrap-around balcony, with sliders to the balcony from both living room & dining areas, plus the master bedroom suite.

The kitchen with breakfast bar opens to the living & dining areas, while a separate utility room with extra storage keeps the laundry separate. In the utility room, there is a full-sized washer & dryer.Breakfast Bar

With tiled floors in the foyer, entry, & general living spaces, plus screened balcony, there also is a separate owner’s closet in the kitchen hallway.

The bedrooms are carpeted. The large master bedroom is en suite with walk-in closet, both shower and Jacuzzi garden tub, both his & hers sink areas, plus a 2nd lockable owner’s closet.

Master Bedroom aThe guest bedrooms are on either sides of the entry hall, sharing a bath with double sinks & walk-in shower tiled top-to-bottom.

At ground-level & handy to stairs & elevator, is the parking spot whose use conveys with #201.

Close by is an assigned exterior storage closet for beach toys & sporting goods.Bedroom 2 a

Guest parking is available outside the building, near the building entrance.

The Pine Cove condominium association allows weekly rentals.

#201 is currently enrolled in VIP Vacation Rentals program with several long-term repeat guests rebooked to come in high season.Bedroom 3 a

In 2017, grossed $93,377 with 6 weeks blocked by owners. In 2018, grossed $82,704 with 5 weeks blocked. As of 9/24, 2019 bookings are $78,178 with 2 weeks blocked. Also as of 9/24/19, 2020 bookings total $46,445. Without owner use, should gross $100K+.

$1,395,000 fully furnished & with future bookings to be honored

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Listed by Susan Andrews, Realtor, Broker/Owner of SanibelSusan Realty Associates.

This information is deemed reliable but not guaranteed