429 E Gulf Dr Unit 51, Sanibel, FL 33957

$212,000
1
BD
1
BA
600
SqFt

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Sold Price
$212,000
List Price
$245,000
Listing Price
$245,000
Days on Market
189
Closing Date
Apr 09, 2025
MLS#
224080678
Bedrooms
1
Bathrooms
1
Living Sq. Ft
600
Total Area
675
Property Class
Condo
Building Design
See Remarks
County
Lee
Region
SI01 - Sanibel Island
Development
Colonnades Condo
Building Name
Colonnades Condo

Property Description

Nestled in the sought-after East End of Sanibel Island, this top-floor one-bedroom, one-bath condo at The Colony Inn offers a unique chance to craft your own tropical retreat or investment property. Construction is ongoing and you will have the freedom to design the space exactly how you imagine, as the unit has been brought down to a "white box" state, ready for your personal touch. Enjoy serene tropical views from the screened porch, making it an ideal island escape or vacation rental. The Colony Inn allows for flexible rental terms—nightly, weekly, or monthly—through their on-site rental management office, ensuring great potential with many returning guests. The property features a community pool and offers easy beach access, perfect for a relaxing getaway or winter retreat. Its prime location is just a short walk to shopping, dining, and more, with quick off-and-on island access. Don’t miss your chance to own this slice of paradise!

Additional Information

Year Built
1969
furnished
Unfurnished
Pets
With Approval
Amenities
BBQ - Picnic, Beach Access, Bike Storage, Pool, Condo/Hotel
View
Landscaped Area
Boat Access
None
Waterfront Description
None
Lot Description
Corner Lot
Construction
Concrete Block, Stucco
Roof
Shingle
Flooring
Tile
Windows
Sliding, Impact Resistant Windows
Water
Central
Sewer
Central
Cooling
Ceiling Fan(s), Central Electric
Irrigation
Central
Interior Features
Other
Equipment/Appliances Included
None
Dining Description
Dining - Family
Master Bath Description
Combo Tub And Shower
Total Tax Bill
$350
Tax Year
2024
Condo Fee
$2700
Condo Fee Frequency
Quarterly
Total Floors
2
Min. Days Of Lease
1
Num of Leases/Yr
365

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of John R. Wood Properties. Selling Office: John R. Wood Properties.