Gulf-Facing Penthouse With Income Potential
671 East Gulf Dr, Sandalfoot #3B3
Built in 1975, Sandalfoot is a 60-unit condominium community with five buildings, each holding 12 units.
#3B3 is in a center tier on the top floor, handy to the elevator & with direct view over the pool & courtyard to the Gulf of Mexico. Assigned parking below.
Community amenities include heated beachside pool, tennis/pickleball court, BBQ’s, boardwalk to gulf, shuffleboard, high-speed WiFi, free community laundries (on 2nd floor in each building), & on-site rental & management office with bike rentals.
The community has east-end convenience, the bike path just across the street, with easy access both on-/off-island plus to the shops of olde Sanibel, the Sanibel Fishing Pier, lighthouse, & more.
Unit floor plan is an efficient 690 sq.ft. including the beach-facing screened balcony.
Decorated in tropical island decor, it has impact-resistant sliders, updated kitchen & bath, newer HVAC & hot water heater.
Both kitchen & bath have bright white cabinetry & granite countertops.
Formerly used as seller’s winter residence.
It is enrolled in the on-site rental program which has a weekly minimum in “season” & 4-night minimum in the summer. (Also, a low 15% rental fee.) Units like this one have grossed $50K+ renting.
Nothing to do here, but bring your suitcase & delight in island life, while also enjoying income when you are not here.
Condo fee is paid monthly, $478/month in 2021.
Community insurance is paid annually with owners assessed, usually in April. The estimated insurance assessment for a 1-bedroom unit for 2021 is $1,750.
$524,000 furnished (future rental bookings to be honored)
Listed by Susan Andrews, Realtor, Broker/Owner of SanibelSusan Realty Associates, this information is deemed reliable but not guaranteed.