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2611 W Gulf Drive , B101

Sanibel, FL 33957
  • $1,200,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 222080011
UPDATED: 32 min ago
$1,200,000
  • 3
    BEDS
  • 0.11
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,725
    SQFT
  • $696
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1982
County:
Lee

School Ratings & Info

Description

By The Sea condo complex sustained damage from Hurricane Ian. The complex is currently defining the scope of the project to rebuild, determining the budget, and awaiting notification from their insurance companies regarding the claim amount to expect. The Association will then vote to determine if 75% of members agree to renovate/rebuild. The vote is expected in January 2023. Then all of the units within the entire complex will be gutted and renovated to the drywall and tape. Owners will customize their own units. There may be assessments related to this work. It is expected the renovation/rebuild will take approximately 12 months from projects start date until homeowners get possession of their units for their own finishings. The listing price of this unit represents a significant discount (nearly $1M) to account for the interior upgrades that will need to be made. Access to the complex will be restricted after November 27. Aerial photo represents complex condition prior to the storm.

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© 2022 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Realty Group. Data last updated 2022-11-27T19:30:43.037.
www.checkfloridahomes.com/homes/134553025
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2611 W Gulf Drive , B101 Sanibel, FL 33957

  • Price: $1,200,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 32 min ago
  • MLS #: 222080011
3
Beds
2
Baths
0
½ Baths
0.11
Acres
1,725
SQFT
$696
$/SQFT
1982
Built
Neighborhood:
By The Sea Condo
County:
Lee
Area:
Si01 - Sanibel Island
Property Description
By The Sea condo complex sustained damage from Hurricane Ian. The complex is currently defining the scope of the project to rebuild, determining the budget, and awaiting notification from their insurance companies regarding the claim amount to expect. The Association will then vote to determine if 75% of members agree to renovate/rebuild. The vote is expected in January 2023. Then all of the units within the entire complex will be gutted and renovated to the drywall and tape. Owners will customize their own units. There may be assessments related to this work. It is expected the renovation/rebuild will take approximately 12 months from projects start date until homeowners get possession of their units for their own finishings. The listing price of this unit represents a significant discount (nearly $1M) to account for the interior upgrades that will need to be made. Access to the complex will be restricted after November 27. Aerial photo represents complex condition prior to the storm.
Exterior Features

Architectural Style OtherLow Rise Carport Spaces 1 Carport YN Yes Construction Materials Stucco Covered Spaces 1 Entry Level 1 Exterior Features Tennis Court(S) Garage YN No Irrigation Source Municipal Lot Features See Remarks Parking Features Attached Carport Roof Built-UpFlat Structure Type Low Rise View Gulf View YN Yes Waterfront Features Gulf Waterfront YN Yes

Interior Features

Cooling Central AirElectric Flooring See Remarks Furnished Unfurnished Heating CentralElectric Interior Features OtherSee RemarksSplit Bedrooms Window Features Other

Property Features

Association Amenities Beach RightsBeach AccessPoolTennis Court(S) Association Fee Includes Association ManagementInsuranceLegal/AccountingMaintenance GroundsPest Control Association YN Yes Common Interest Condominium Community Features ElevatorNon-Gated Development Name BY THE SEA CONDO Gulf Access YN 0 Hoa Fee 0 Land Lease Amount 0 Listing Terms All Financing ConsideredCash Master Hoa Fee 0 Number Of Units In Community 18 Ownership Condo Pets Allowed CallConditional Pool Features Community Pool Private YN No Potential Short Sale YN N Property Condition Resale Property Sub Type Condominium Restrictions No Lease Sewer Public Sewer Spa YN No Tax Annual Amount 11211.13 Tax Block 50B Tax Lot 101 Tax Year 2021 Unit Location 1 Water Source Public

Listing courtesy of Susan Mccallion of Mccallion & Mccallion: 239-472-1950.


© 2022 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Realty Group. Data last updated 2022-11-27T19:30:43.037.
 
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