Shell Island Beach Club #7B, 255 Periwinkle Way
Investment Opportunity on the Beach
Pre-Ian
Conveniently located next to the historic lighthouse beach on Sanibel’s east-end, Shell Island Beach Club offers not only easy access to some of the best shelling in the world, but also quick access to the causeway, marina, shared use (bike) path, & shops of olde Sanibel.
Built in 1996, so high & with impact protection, this coastal-inspired condo is just one of just 12 within the larger timeshare community of Shell Island Beach Club.
Pre-Ian
The three condo buildings (each with four units) are central to the amenities, with Bldg 7 just steps from the community pool.
Each building has 2 units up & 2 down.
Elevated high over assigned covered parking, #7B is the west side on the 1st level in Bldg 7.
The 2-bedroom 2-bath units have screened balcony that overlooks the gulf beach.
Floor plan is ~1,080 sq. ft. in total.
Pre-Ian
Though this unit did not have damage from Hurricane Ian, thanks to its elevation, newer construction, & set-back location, the community is going through restoration, including repair of amenities, new roofs, & more.
Owners were allowed in early & weekly renters have occupied this unit all fall. Future rental bookings which are solid through the winter months also convey.
The comfortable, efficient layout opens next to the kitchen which features 
stainless steel appliances, granite countertops, breakfast bar, & fabulous view.
Side windows provide extra light, while bright white plantation shutters are easy-care.
Great room siders open to the screened balcony which also is 
accessible from sliders in the master suite.
The great room has both living & dining areas.
Rented through Select Vacation Properties, these condos have excellent reputations as income producers.
#7B grossed $91K+ in 2021, the year before Ian.
Other neighboring units have grossed over $100K (depending on owner use).
A pro forma for this unit estimates $110K annually.
So, #7B offers options for new owner – to use as a residence, vacation home, or investment rental. Weekly rental minimum applies.
Furnished for occupancy for six. It also has two TV’s (great room & master suite).
The master features an ensuite bath with 2-sink vanity & large walk-in shower with bench seat.
The guest bedroom with two twins is just around the corner from the guest bath which also services the main 
entertaining area.
It has a tub/shower combo w/glass door.
A stack washer/dryer in a nearby hall closet completes the plan.
lighting to eliminate viruses & bacteria, new high-efficiency HVAC system, & new impact windows.$899,000 furnished
Listed by David Anderson, Realtor & related to Sellers, SanibelSusan Realty Associates
This information is deemed reliable but not guaranteed.
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