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Murex Lakes, 497 Lake Murex Cir, Sanibel, FL 33957

4Beds
3Baths
2,140SqFt

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Details

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Status:
Active
Parking: No info
Size: 2,140 SqFt (199 m2)
Price: $350/SqFt ($3,772/m2)
Type: Single Family Home
Built: 1981
HOA: N/A
MLS Number: 2025010172
View: Lake
Updated: 11 Days ago
Page Views: 0
This spacious 4-bedroom, 3-bathroom home sits on an oversized lot and is your chance to create the perfect island retreat. Renovations are 71% complete, according to the city of sanibel. House was gutted and reconfigured with a modern open floor plan, soaring ceilings, and large grey tile flooring throughout. The kitchen features custom cabinets from a designer showroom in naples and are in place, but not completely installed, large, remodeled bathrooms give a spa like feeling, and needs to be completed (fixtures, shower doors, counter tops installed in guest bathroom, and vanity with countertop installed in guest suite). This home was purchased by some investors after hurricane ian and have found themselves short on funds to complete the project. Roof was damaged from the storm. Past owners started the process, removed the old roof, and got it dried in, but new owners will need to finish the project. Trim work inside needs to be finishes, along with hanging closet doors, etc. Front porch staircase needs to be redone, deck railings and stairs off the back deck need to be added for safety. House also needs some soffit, siding, and gutter repairs. Pool deck needs some finishing touches, along with all new equipment. There are various other projects that need to be completed; however, a lot of the materials are on-site. Enjoy sunset views over lake murex from the deck, take a short walk to the beach, or relax in the pool. The elevated home offers plenty of garage space for cars, toys, and more. Sold as/is with the right to inspect— power is not on.
Features
Bedrooms
  • Bedrooms: 4
Bathrooms
  • Bathrooms: 3
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: No info
  • View: Lake
Interior, Heating and Cooling
  • Interior Features: Other
  • Equipment / Appliances: None
  • Heating Description: Central Electric
  • Cooling Description: None
Building and Construction
  • Floor Description: Tile
  • Windows/Treatment: No info
  • Construction Type: House
  • Year Built: 1981
  • Style: Single Family
Waterfront and Water Access
  • Waterfront Frontage: Yes
School Information
    Other Property Info
    • Garage: No info
    • Pets Allowed: Yes
    Taxes, Fees & More
    • Maintenance Includes: Cable
    • Taxes: 14806.46
    • Security Information: No info
    • Parking Description: Under Bldg Open, Attached Carport
    • Total Floors in Building: 1
    • Total Units in Building: 1

    Price History

    09/19/2025

    Date

    Listed

    Event

    $750K

    Price

    $350 ft2 / $3,772 m2

    Price Per

    Price per square foot and days on website are not provided values and are calculated by Subdivisions.

    Instant Comps

    $200/ft²
    $300/ft²
    $500/ft²
    $800/ft²

    Unit 497 Lake Murex Cir – Asking

    $350/ft²

    (-44%) from Closed Medium $/ft²

    Closed Medium $/ft²

    $621/ft²
    Community $/Price Range (Closed) $621/ft² – $621/ft²
    No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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