5530 Estero BLVD Unit 370, Fort Myers Beach, FL 33931

$389,500
1
BD
1
BA
429
SqFt
List Price
$389,500
Status
ACTIVE
MLS#
219051507
Days on Market
14
Bedrooms
1
Bathrooms
1
Living Area
429
Development
Sandpiper Gulf Resort
Subdivision
Sandpiper Gulf Resort
Township
46

Property Description

It doesn't get any better than this! DIRECT GULF FRONT penthouse corner unit with views from Naples to Sanibel. This unit is currently being fully remodeled and current owner has paid the entire assessment in full. 1br efficiency unit has kitchen, dining and sitting areas and a king bedroom. Onsite rental program allows owners up to 8 WEEKS of free use (more at low cost) and with owner use this is still a cash cow! Gross income 2016-2018 was $57,834, $57,822 and $54,595 with $39,315 already in 2019 through June (SEE SUPPLEMENT). Net income, after all expenses and taxes, for 2016-2018 was $21,856, $20,821 and $22,941 making this a 6+% return on investment with your enjoyment of the unit free! This corner unit has an extra window with views to Sanibel and incredible sunsets and dolphins every night! Full-time management on site is the best on the beach - incredible unit management/oversight. Newly remodeled units - great potential for further income growth. At this price, this unit will not last long, and owner is motivated to sell now (retired and relocating). Two pools (family pool and adults only pool!), onsite laundry, grill stations and more! Owner is licensed agent.

Additional Information

Total Tax Bill
$2,649
HOA Fee
$2,138
HOA Description
Mandatory
Master HOA Fee
2138
Master HOA Frequency
Quarterly
Year Built
1970
Community Type
Condo/Hotel
Construction
Concrete Block
Living Area
429
Interior Features
High Speed Available, Smoke Detectors
Amenities
BBQ - Picnic, Beach Access, Bike Storage, Business Center, Common Laundry, Community Pool, Community Spa/Hot tub, Internet Access, Play Area
Cooling
Ceiling Fans, Central Electric
Heating
Central Electric
Flooring
Tile
Exterior Features
Courtyard, Deck, None, Outdoor Shower
View
Gulf
Roofing
Shingle
Lot Description
Oversize
Water
Central
Sewer
Central
Pool Description
Below Ground
Masterbdrm Description
Combo Tub And Shower
Stories
3
Waterfront
Yes
Storm Protection
None
Unit Floor
3
Furnished Description
Turnkey

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Techventure Real Estate.

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