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 beach side & 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 with view below from lanai, kitchen, & great room.

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 cThe 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.

Master Bedroom aAdding the two screened lanais, the total sq. ft. = ~1260.

The panoramic views of the mainland skyline & the gulf are stunning.

This is one of the few island condos with a sunrise view.

Bedroom 2 bThe 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.

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

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

Enrolled in the on-site rental program, with some owner use & downtime for construction summer storms.

Rental history = $69,672 in 2014; $71,265 in 2015; $71,333 in 2016; $68,248 in 2017 & $63,992 in 2018.

As of Sep 9, 2019 bookings for 2019 total $69,372 with $28,434 booked for 2020. The building is down the month of Sep 2019 for painting. No rental occupancy then, but it still is available for showings.

Future 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.