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.
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Brendan Albright • Pfeifer Realty Group LLC • Buyer Agency Compensation 2.5%.
Instant Comparative Market Analysis
Closed
Active
$800/ft²
$800/ft²
$1,000/ft²
$1,100/ft²
Unit #4B4 – Asking
$986/ft²
(+6%) from Closed Medium $/ft²
Closed Medium $/ft²
$927/ft²
Community $/Price Range (Closed) $927/ft² – $927/ft²
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