Gulf-View Pet-Friendly Condo With Excellent Income
1811 Olde Middle Gulf Drive, Signal Inn #4
Built in 1979, Signal Inn is known for being privately tucked away from the gulf-beach hustle bustle, yet in a convenient quiet beach-front natural setting with resort-like amenities.
Just 19 units are spread over the communities ten buildings. The 11th building houses Signal Inn’s office & their racquet club which has the island’s only public racquetball court.
The 19 unit floor-plans vary from the 1-bedroom 1-bath plan like Unit #4 to 2-bedroom plans, plus more expansive town-home-style 3 and 4 bedrooms.
There are six units with the 1-bedroom plan.
Each is half of a duplex-style building with a 2-bedroom unit on the opposite end.
These 1-bedroom units have 420 sq.ft. of air-conditioned living space, plus ~110′ screened balcony, expanding the total space to 530 sq. ft.
The on-site Signal Inn office handles their vacation rentals offering an easy way for owners looking for a good investment or to supplement their vacations with income.
Other community amenities include solar-heated pool & Jacuzzi, lighted BBQ grills, wireless high-speed internet, & nature walking trails.
Covered parking & owner’s storerooms are under each of the elevated buildings. Unit #4 has a convenient outdoor shower too, so beach sand is left outside.
Rentals couldn’t be easier. The rental management is 20%. The minimum rental period is seven days “in season”, three in the summer.
Being one of the few condominiums on Sanibel that allows guests to bring pets, the income stream here usually is high. Up to two pets (either cats or dogs) are allowed per unit.
Gross income in 2016 was $61,215. In 2017, it was $60,465. Off a little, probably thanks to Hurricane Irma.
With windows on three sides, natural light abounds and there is wonderful cross ventilation for gulf breezes.
The gulf view is always improved when the vegetation between the units & the beach is trimmed each year, otherwise it provides protection from the elements.
There is a bit of a view of the pool too, enough to keep an eye on the action, but not be disturbed by the fun.
A closet on the screened balcony holds a stack washer/dryer.
With recently remodeled interior, Signal Inn #4 has impact sliders, a kitchen with bright/white cabinetry & stainless steel appliances.
With great room concept, where both living & dining areas are combined next to the kitchen.
There is a sleep-sofa in the living room & stack washer/dryer on the screened balcony.
The tile floors throughout are easy care.
The bath has a roomy walk-in shower & new white cabinetry & fixtures.
The bedroom holds a king-size bed & has a flat-screen TV (as does the great room).
These convey along with the furnishings including some terrific & colorful tropical artwork.
For the investor wanting more space or a 2nd unit, Signal Inn #3 (or the other side of the building) also is for sale. Signal Inn #4 is offered at:
(furnished & with future rental bookings which must be honored)
Listed by Susan Andrews, Realtor, Broker/Owner of SanibelSusan Realty Associates, this information is deemed reliable but not guaranteed.