Riverside Community With Beach Across the Street
1610 Middle Gulf Drive, Sanibel Island
Top-Floor 1-Bedroom 1-Bath Condo with Tropical Views
& Outstanding Rental Income
Spanish Cay is a community of 40 residential condominiums on Middle Gulf Drive.
It is convenient to East Gulf Drive & the causeway for quick on-off-island access.
The bike path runs along the property too.
The Sanibel River also borders the community with several shared fishing/sunning docks overlooking the waterway to the golf course at Beachview Country Club Estates.
Nearby Sanibel Golf & Tennis Club, & the Blue Coyote Restaurant are open to the public.
Spanish Cay’s amenities include heated pool & use of the deeded beach access across the street (between Gulfside Place & Chelsea Place).
Nearby at Sundial Beach Resort & Spa are a mini-Bailey’s General Store, a mini-Sanibel Sea School campus, pickleball courts, spa & several shops & restaurants.
Spanish Cay #A7 is a 2nd floor (also top floor) spacious 1 bedroom with ~820 sq. ft. of living space, plus screened balcony overlooking tropical vegetation (total ~950 sq. ft.).
A covered balcony across the front entry has river view.
Inside, the great room concept features combined living & dining areas, with sliders to the balcony & a pass-through from the galley-style kitchen & breakfast bar.
A utility closet near the entry houses stack washer & dryer.
Decorated in sunny décor, the master bedroom with king-sized bed has sliders to the balcony & a large walk-in closet in addition to a smaller standard-sized closet.
The cheerful bath has combo tub/shower.
The complex allows owner pets, but no dogs.
Currently enrolled in a seasonal rental program (2-week minimum applies), it has continually increased revenue, even with some owner use.
Rental history includes $13,429 in 2014; $18,075 in 2015, & $15,200 in 2016. As of 9/5, 2017 income = $19,060 with $10,300 also booked for 2018.
(offered furnished, “as is”, with or without future rental bookings, depending on the offer)
Listed by Susan Andrews, Realtor, Broker/Owner of SanibelSusan Realty Associates, this information is deemed reliable but not guaranteed.