Sand Pointe #122 at 2737 West Gulf Drive on Sanibel Island
Updated 2-Bedroom 2-Bath 2nd Floor Condo
With Views Over Courtyard to Gulf of Mexico Beach
Rental Income Too
Sand Pointe’s West Gulf Drive location and this building (east side) within the complex, offer terrific views of Sanibel infamous sunsets.
Built in 1981 but updated through the years, Sand Pointe had kitchen and baths remodeled in late 2012/early 2013.
Balcony repaired (during complex restoration project fall 2016) & new tile added Nov 2016.
For for many years, this condo has provided its owners with solid rental income.
The floor plan has ~1,034 sq.ft. under air, with a total of ~1,235 including the screened & tiled balcony.
The master suite also has sliders to the balcony & beach views. The new en suite master bath has a tray ceiling & newly tiled shower.
While the updated guest bath has tub/shower combo.
As one of the few condominium communities on West Gulf Drive that permits weekly rentals. Sanibel Holiday has successfully managed this unit for many years.
2015 gross income = $40,248.
2016 gross income = $39,280 (with 3 month-maintenance block for complex balcony restoration project).
Also as of Nov 16, 2017 income with bookings = $37,248 & $19,413 is booked for 2018. Buyer to honor those future reservations.
Owners may have pets.
Association fees of $785/month in 2016 include full funding for reserves. While the complex was down for rentals during the concrete restoration project from Aug 1 to Oct 28, the pool also was refinished and balcony light fixtures replaced to make them Dark Skies compliant.
Listed by Susan Andrews, Realtor, Broker/Owner of SanibelSusan Realty Associates, this information is deemed reliable but not guaranteed.