$600,000
$689,900
13.0%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
700 SqFt
SOLD DATE : 05/06/2024
Key Details
Sold Price $600,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 700 sqft
Price per Sqft $857
Subdivision Oceans Reach Condo
MLS Listing ID 223018833
Sold Date 05/06/24
Style Other,Traditional,Mid Rise
Bedrooms 1
Full Baths 1
Construction Status Known Damage
HOA Fees $617/mo
HOA Y/N Yes
Annual Recurring Fee 9606.0
Year Built 1975
Annual Tax Amount $2,299
Tax Year 2023
Lot Size 3,977 Sqft
Acres 0.0913
Lot Dimensions Appraiser
Property Description
Top floor direct Gulf Front Condo in one of Sanibel’s desirable rental complexes. This 1 Bedroom/ 1 Bathroom provides exceptional views of the sparkling Gulf waters. Oceans Reach received considerable storm damage from hurricane Ian but has been remediated with contractors in the process of restoring the complex. This unit received minimal damage, but drywall was removed out of precaution. New drywall and property will be restored to "white box". You’ll want to take advantage of this purchase opportunity of a marvelous rental unit. 2021 - $68,680. For 2022 through September 27, $70,189 and it was fully booked for the rest of the year. Prior Covid and red tide unit grossing $78,000 to $80,000 a year.
Location
State FL
County Lee
Community Oceans Reach Condo
Area Si01 - Sanibel Island
Rooms
Bedroom Description 1.0
Ensuite Laundry Inside
Interior
Interior Features Living/ Dining Room, Other, Tub Shower
Laundry Location Inside
Heating Central, Electric, None
Cooling Central Air, Electric, None
Flooring Other
Furnishings Unfurnished
Fireplace No
Window Features Single Hung
Appliance Freezer, Range, Refrigerator
Laundry Inside
Exterior
Exterior Feature None, Tennis Court(s)
Garage Assigned, Covered, One Space, Detached Carport
Carport Spaces 1
Pool Community
Community Features Elevator, Non- Gated
Utilities Available Cable Available
Amenities Available Pool, Tennis Court(s)
Waterfront Yes
Waterfront Description Gulf
View Y/N Yes
Water Access Desc Public
View Gulf
Roof Type Built- Up, Flat
Porch Lanai, Porch, Screened
Parking Type Assigned, Covered, One Space, Detached Carport
Garage No
Private Pool No
Building
Lot Description Zero Lot Line
Faces North
Story 4
Sewer Public Sewer
Water Public
Architectural Style Other, Traditional, Mid Rise
Unit Floor 4
Structure Type Block,Concrete,Stone
Construction Status Known Damage
Others
Pets Allowed Yes
HOA Fee Include Association Management,Cable TV,Insurance,Internet,Legal/Accounting,Maintenance Grounds,Pest Control,Recreation Facilities
Senior Community No
Tax ID 36-46-22-T1-00100.4B40
Ownership Condo
Acceptable Financing All Financing Considered, Cash
Listing Terms All Financing Considered, Cash
Financing Conventional
Pets Description Yes
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