1501 Middle Gulf Dr A208
Sanibel, FL 33957

Directly on the Gulf of Mexico! Phenomenal views from this second floor, 2 bedroom, 2 bath condo in the A building. This condo has generated a fantastic rental income through an outside agency. 2021 income was $98,215 and 2022 through September 27th was $95,331. Income in 2022 would have easily exceeded $100K. This unit is covered by the association insurance for all walls & exterior doors and windows. The association insurance is also covering anything that was located within the bottom 4 ft of the condo. Owner is responsible for upper cabinetry, appliances located above the 4 ft line & for painting. Claremont can finish the lower 48 in of the condo at no charge to a new buyer, or a new buyer can opt for a payout from the association. Interior finish selections are on display at the Sundial Resort for a new buyer to choose from. This unit should remain one of the top grossing units once finished, with those spectacular Gulf of Mexico views! It can be placed in the Sundial Resort Program with the owner receiving 60% revenue or it can be placed in an outside rental program.