NOT LISTED FOR SALE

1299 Middle Gulf Dr Unit A161 Sanibel, FL 33957

Estimated Value: $506,405 - $1,429,000

3 Beds
3 Baths
1,470 Sq Ft
$910/mo HOA Fee

Last Sold April 17, 2019

Last sale price $979,000 $666 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $6,502/month

13 Days on Market

Highlights

  • Community Beach Access
  • Property fronts gulf or ocean
  • Furnished
  • Sanibel Elementary School Rated A-
  • Wood Flooring
  • Community Pool

About This Home

As of April 2019

Gorgeous direct Gulf front views from this 3BR condo with cabana! Lovingly maintained, spacious and bright floor plan includes an all weather glass enclosed lanai and private spiral staircase that leads to a separate cabana for extra storage space. Walk directly out the back lanai to the beach! Perfect location mid island for easy access to the causeway, shopping and restaurants. Enjoy basking in the sun, shelling, boating and kayaking on Sanibel. Estimated to gross around $65,000 to $70,000 per year.

Last Agent to Sell the Property

Phaidra McDermott

Kingfisher Real Estate, Inc. License #280500222 Listed on: 03/04/2019

Last Buyer's Agent

Susan McCallion

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,573

Year Built

  • Built in 1979

Lot Details

  • Property fronts gulf or ocean
  • Northeast Facing Home

HOA Fees

  • $910 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Stucco

Interior Spaces

  • 1,470 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Sliding Windows
  • Gulf Views

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Attached Carport Space
  • Subterranean Parking

Outdoor Features

  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Legal Lot and Block 161 / 260A
  • Assessor Parcel Number 30-46-23-T3-0260A.1610

Community Details

Overview

  • Association fees include management, irrigation water, legal/accounting, ground maintenance, pest control, sewer, water
  • 45 Units
  • Low-Rise Condominium
  • Compass Point Condo Subdivision

Recreation

  • Community Beach Access
  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Additional Features

  • Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,573

Year Built

Built in 1979

Lot Details

0

HOA Fees

$910 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Ownership: Condo
  • Subdivision Name: COMPASS POINT CONDO
  • Architectural Style: Other, Low Rise
  • Carport Y N: Yes
  • Entry Level: 1
  • Garage Yn: No
  • Year Built: 1979
  • ResoBuildingAreaSource: SeeRemarks
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Private Spa: No
  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Breakfast Bar, See Remarks
  • Living Area: 1470.0
  • Stories: 3
  • Window Features: Sliding
  • ResoLivingAreaSource: SeeRemarks

Exterior Features

  • Lot Features: See Remarks
  • Pool Features: Community
  • Pool Private: No
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: See Remarks, Stucco
  • Direction Faces: Northeast
  • Exterior Features: Storage
  • Property Condition: Resale
  • Roof: See Remarks

Garage/Parking

  • Carport Spaces: 1.0
  • Covered Parking Spaces: 1.0
  • Parking Features: Covered, Underground, Attached Carport

Utilities

  • Laundry Features: Inside
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid
  • Water Source: Assessment Paid

Condo/Co-op/Association

  • Community Features: Condo Hotel Community, Elevator
  • Amenities: Beach Access, Pool
  • Association #2 Fee: 2730.0
  • Association #2 Fee Frequency: Quarterly
  • Phone: 0000000000
  • Association: No
  • Pets Allowed: Call, Conditional
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Association Management, Irrigation Water, Legal/Accounting, Maintenance Grounds, Pest Control, Sewer, Water

Lot Info

  • Parcel #: 30-46-23-T3-0260A.1610
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 45

Tax Info

  • Tax Annual Amount: 14573.0
  • Tax Block: 260A
  • Tax Lot: 161
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2019
Closed on
Mar 29, 2019
Sold by
Banks Virginia H and Banks Virginia A
Bought by
Costello George J and Costello Mary Sandra
Seller's Agent
Phaidra McDermott
Kingfisher Real Estate, Inc.
Buyer's Agent
Susan McCallion
List Price
$1,175,000
Sold Price
$979,000
Premium/Discount to List
-$196,000
-16.68%
Current Estimated Value
$1,020,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,135
Avg. Annual Appreciation
0.64%
Original Mortgage
$685,300
Outstanding Balance
$597,510
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$422,625

Purchase Details

Closed on
Mar 8, 2001
Sold by
Freeman Robert A
Bought by
Banks Virginia A

Purchase Details

Closed on
Jun 12, 2000
Sold by
Magnotto Mark E and Magnotto Pamela G
Bought by
Freeman Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
8.11%

Purchase Details

Closed on
Jan 19, 1998
Sold by
Winemiller Albert E
Bought by
Magnotto Mark R and Magnotto Pamela G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,000
Interest Rate
7.19%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Costello George J $979,000 Coastal Ttl Svcs Of Sw Fl Ll
Banks Virginia A $1,350,000 --
Freeman Robert A $960,000 --
Magnotto Mark R $540,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Costello George J $685,300
Previous Owner Freeman Robert A $600,000
Previous Owner Magnotto Mark R $181,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2019 04/17/19 Sold $979,000 -16.7% $666 / Sq Ft
03/18/2019 03/18/19 Pending -- -- --
03/04/2019 03/04/19 For Sale $1,175,000 -- $799 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,946 $978,236 -- $944,236
2024 $3,494 $136,273 -- $136,273
2023 $3,494 $241,934 $0 $241,934
2022 $17,376 $1,183,474 $0 $0
2021 $15,315 $1,075,885 $0 $1,075,885
2020 $15,314 $1,061,863 $0 $1,061,863
2019 $14,851 $1,021,488 $0 $1,021,488
2018 $15,181 $1,022,295 $0 $1,022,295
2017 $15,372 $1,019,873 $0 $1,019,873
2016 $14,569 $975,473 $0 $975,473
2015 $13,416 $859,248 $0 $859,248
2014 -- $754,900 $0 $754,900
2013 -- $691,938 $0 $691,938
Source: Public Records

Agents Affiliated with this Home

  • Phaidra McDermott

    Seller's Agent in 2019

    Phaidra McDermott

    Kingfisher Real Estate, Inc.

    (239) 898-3778

    189 in this area

    225 Total Sales

    Phaidra McDermott
    Section Image

  • S

    Buyer's Agent in 2019

    Susan McCallion

See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 219018284

Florida Gulf Coast Multiple Listing Service

APN: 30-46-23-T3-0260A.1610

Florida Lee County Sanibel 33957

1299 Middle Gulf Dr Unit A161, Sanibel, FL

This home is located at 1299 Middle Gulf Dr Unit A161, Sanibel, FL 33957 since 04 March 2019 and is currently estimated at $1,020,135, approximately $693 per square foot. This property was built in 1979. 1299 Middle Gulf Dr Unit A161 is a home located in Lee County with nearby schools including Sanibel Elementary School, Cypress Lake Middle School, and Cypress Lake High School.

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