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5530 Estero Blvd, 370, FORT MYERS BEACH, FL – $389,500

  • 1 Bed
  • 1 Bath
  • 429 Sqft
  • 15 DOM
  • 1 Bed
  • 1 Bath
  • 429 Sqft
  • 15 DOM

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5530 Estero Blvd, 370

It doesn't get any better than this! DIRECT GULF FRONT penthouse corner unit with views from Naples to Sanibel. This unit is currently being fully remodeled and current owner has paid the entire assessment 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 with $39,315 already in 2019 through June (SEE SUPPLEMENT). 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! Owner is licensed agent.

Essential Information

  • MLS® #219051507
  • Price$389,500
  • Bedrooms1
  • Bathrooms1.00
  • Full Baths1
  • Square Footage429
  • Acres0.00
  • Year Built1970
  • TypeResidential
  • Sub-TypeLow Rise (1-3), Condo
  • StyleCorner, End-Unit
  • StatusActive
  • Days on Market15
  • Development NameSANDPIPER GULF RESORT

Community Information

  • Address5530 Estero Blvd, 370
  • SubdivisionSANDPIPER GULF RESORT
  • CityFORT MYERS BEACH
  • CountyLee
  • StateFL
  • Zip Code33931

Area

FB04 - Avenida Pescadora to S.Bd

Amenities

  • ViewGulf
  • Is WaterfrontYes
  • Has PoolYes
  • PoolBelow Ground

Amenities

BBQ - Picnic, Beach Access, Bike Storage, Business Center, Common Laundry, Community Pool, Community Spa/Hot tub, Internet Access, Play Area

Waterfront

Gulf Frontage, On the Gulf Beach

Interior

  • HeatingCentral Electric
  • CoolingCeiling Fans, Central Electric
  • # of Stories3

Interior Features

High Speed Available, Smoke Detectors

Appliances

Cooktop - Electric, Dishwasher, Disposal, Microwave, Refrigerator/Freezer, Safe, Smoke Detector

Exterior

  • ExteriorStucco
  • Lot DescriptionOversize
  • WindowsPicture, Sliding
  • RoofShingle
  • ConstructionConcrete Block

Exterior Features

Courtyard, Deck, None, Outdoor Shower

Additional Information

  • Days on Market15
  • HOA Fees0.00

Listing Details

  • OfficeTechventure Real Estate
Please provide a valid email address.

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The data relating to real estate for sale on this Website come in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than Premier Plus Realty are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program.