Sanibel Arms West #E2


Direct Beach-Front Easy-Access 2 Bedroom With Income

 

827 East Gulf Drive, Sanibel Arms West #E2

Built in 1974, Sanibel Arms West has evolved as one of the east-end’s most popular mini-resorts.

With 104 units spread over 13 buildings, just four buildings, including this one, are directly on the community’s 475′ of Gulf of Mexico beach.

The roomy floor plans feature two screened lanais (one beachside & the 2nd off the master suite).

This arrangement creates wonderful cross ventilation during temperate fall, winter, & spring months.

The Sanibel Arms West rental office is canal-side across the street from the gulf-side condominiums & next to the community tennis & pickle ball courts.

Other community amenities include the island’s only screened & heated pool, clubhouse with roof-top sundeck, fitness room, business center, BBQ grills, laundry, wireless internet, canal-side dock, & bike/movie rentals.

The parking areas are pavers with plenty of room for owners, vacationers, & their guests.

Rentals couldn’t be easier. The low rental fee (just 10.5%) & 3-day minimum ensure that income is high, with this unit grossing ~70K/year with owner use too.

#E2 is a 1st-level recently updated unit.

Lanai b

 

It has impact sliders, an open/expanded kitchen with bright/white cabinetry extending into the dining room & stainless steel refrigerator, stove, & microwave. In the hallway, it has a stack washer dryer too.

The living room upholstered furnishings were recently replaced.Living Room a.jpg

Bathroom 2

The two baths were just remodeled (fall 2018) with a hallway added from the guest bedroom directly into the guest bath.

The E building roof also was replaced with storm grade (to 150 mph).

Total air conditioned space is ~1040 sq. ft.  Adding the two screened lanais, the total sq. ft. = ~1260.Master Bathroom aMaster Bathroom b resized

 

SAWE2 Site - Floor Plans

The panoramic views of the mainland skyline & the gulf are stunning. This is one of the few island condos with a sunrise view.

Master Bedroom aThe master bedroom with king-sized bed has en suite bath. The adjoining screened lanai offers wonderful cross ventilation when the weather is right & a private shady vista for relaxation. Master Lanai

The guest room has two twin beds & the great room has a sleep sofa.

Bedroom 2 bAll of the bedrooms have flat-screen TV’s, with the one in the great room a 50″. These convey along with the furnishings.

Living Room cEnrolled in the on-site rental program, with some owner use & downtime for construction/storms, it grossed $69,672 in 2014; $71,265 in 2015; $71,333 in 2016; $68,248 in 2017. Thru 10/18, 2018 income = $62,331 with $39,048 booked in 2019.

EntryFuture rental bookings must be honored.

$874,000

(offered furnished, “as is”, with future rental bookings)

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Listed by Susan Andrews, Realtor, Broker/Owner of SanibelSusan Realty Associates, this information is deemed reliable but not guaranteed.