5530 Estero Blvd #370 Fort Myers Beach FL 33931 Sold 10/22/2020

Overview of 5530 Estero Blvd 370

Don't miss this condo for sale in Sandpiper Gulf Resort! It doesn't get any better than this! Direct gulf front penthouse corner unit with views from naples to sanibel. This unit has been fully remodeled and current owner has paid all assessments in full. 1br efficiency unit has kitchen, dining and sitting areas and a king bedroom. Onsite rental program allows owners up to 8 weeks of free use (more at low cost) and with owner use this is still a cash cow! Gross income 2016-2018 was $57,834, $57,822 and $54,595. Net income, after all expenses and taxes, for 2016-2018 was $21,856, $20,821 and $22,941 making this a 6+% return on investment with your enjoyment of the unit free! This corner unit has an extra window with views to sanibel and incredible sunsets and dolphins every night! Full-time management on site is the best on the beach - incredible unit management/oversight. Newly remodeled units - great potential for further income growth. At this price, this unit will not last long, and owner is motivated to sell now (retired and relocating). Two pools (family pool and adults only pool!), onsite laundry, grill stations and more!

This lovely condo was built in 1970 and features bedrooms, and 1 full bathrooms. This condo for sale is 429 square feet, with 429 sq ft being air conditioned living space. The condo does not have a private swimming pool, although there is a community pool in the complex for use by residents.

Directions to this property are as follows: On The Gulf On Estero Blvd.

Please contact your ZFC agent for more information about MLS# 220060679 or any other condos for sale in Fort Myers Beach or elsewhere in the Lee County area.