497 Lake Murex Cir Sanibel, FL, 33957

979,000(-8.17% )
$899,000Price
4Beds
3Baths
2,140SqFt

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Parking: 2
Size: 2,140 ft2 / 199 m2
Price: $420 ft2 / $4,522 m2
Built: 1981
HOA: $75/MO
MLS Number: 224077521
View: Lake
Updated: 22 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. Current 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. Seize this opportunity to add the finishing touches and turn this home into a showstopper!
Features
Bedrooms
Bedrooms: 4
Bathrooms
Bathrooms: 3
Half Bathrooms: No info
Exterior and Lot Features
Exterior Features: Screened Lanai/Porch, Outdoor Shower
View: Lake
Price History
12/30/2024

Date

Price Reduced

Event

$899K

Price

-8.17%

Change Rate

$420 ft2 / $4,522 m2

Price Per

11/26/2024

Date

Price Reduced

Event

$979K

Price

-6.76%

Change Rate

$457 ft2 / $4,924 m2

Price Per

10/01/2024

Date

Listed

Event

$1.1M

Price

$491 ft2 / $5,281 m2

Price Per

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

Listed by Kelly HugueninPfeifer Realty Group LLC • Buyer Agency Compensation .

Instant Comparative Market Analysis
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Unit 497 Lake Murex Cir – Asking

$420/ft²

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Closed Medium $/ft²

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Community $/Price Range (Closed) $NaN/ft² – $NaN/ft²
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Murex Lakes Communities in Sanibel, FL