NOT LISTED FOR SALE

3127 W Gulf Dr Unit 102 Sanibel, FL 33957

Estimated Value: $1,206,577 - $2,078,000

3 Beds
3.5 Baths
2,837 Sq Ft
6,922 Sq Ft Lot

Last Sold December 01, 2020

Last sale price $2,425,000 $855 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $9,315/month

30 Days on Market

Highlights

  • Community Beach Access
  • Property fronts gulf or ocean
  • Furnished
  • Sanibel Elementary School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of December 2020

For the discriminating few, Wedgewood of Sanibel offers the appointments and lifestyle of a private residence. This exceptional Gulf Front, west corner apartment has been completely renovated and showcases upgrades trending in the marketplace. Three spacious bedrooms, 3.5 baths, dramatic views of the Gulf from the Great Room and Master Bedroom. Featuring an enclosed lanai extending the length of the unit, glass sliders allow year-round use of the
lanai offering dramatic sunset views. Separate family room, very upscale features including an upscale chef’s kitchen w/granite counters, custom wood flooring, living room wet-bar, laundry room with storage, enclosed parking w/2 spaces plus a ground level storage room. Storm shutters throughout. An offering at Wedgewood is rarely available and this unit checks all the boxes with superlative appointments! Serene tropical grounds and private spaces, beach walk-over; the tennis court and swimming pool/spa are well sited for the enjoyment of the owners and guests. This condominium home is well loved by the owners and will bring new memories to another grateful family.

Last Agent to Sell the Property

Mary Lou Bailey

VIP Realty Sanibel and Captiva License #280500030 Listed on: 10/01/2020

VIP Realty Sanibel and Captiva

Last Buyer's Agent

Eric Pfeifer

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $25,435

Year Built

  • Built in 1994

Lot Details

  • Property fronts gulf or ocean
  • Northeast Facing Home

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 1st floor
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,837 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Bar
  • Ceiling Fan
  • Electric Shutters
  • Single Hung Windows
  • Sliding Windows
  • Combination Dining and Living Room
  • Gulf Views
  • Washer

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Dual Sinks

Outdoor Features

  • Open Patio
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 102 / 701
  • Assessor Parcel Number 34-46-22-T1-00701.1020

Community Details

Overview

  • No Home Owners Association
  • Association fees include management, insurance, legal/accounting, ground maintenance, sewer, trash, water
  • 18 Units
  • Association Phone (239) 437-0340
  • Low-Rise Condominium
  • Wedgewood Of Sanibel Condo Subdivision

Amenities

  • Elevator

Recreation

  • Community Beach Access
  • Tennis Courts
  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$25,435

Year Built

Built in 1994

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.1589
  • Road Surface Type: Paved
  • Ownership: Condo
  • Subdivision Name: WEDGEWOOD OF SANIBEL CONDO
  • Directions: Periwinkle Way to Right on Tarpon Bay Rd to Right onto West Gulf Dr. Complex is on the left.
  • Architectural Style: Low Rise
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • Structure Type: Low Rise
  • Year Built: 1994
  • ResoBuildingAreaSource: Plans
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour

Interior Features

  • Furnished: Furnished
  • Private Spa: No
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Dual Sinks, Kitchen Island, Living/Dining Room, Bar, Split Bedrooms
  • Living Area: 2837.0
  • Stories: 3
  • Window Features: Single Hung, Sliding, Window Coverings
  • ResoLivingAreaSource: Plans

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Features: Community
  • Pool Private: No
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Disclosures: Disclosure on File
  • Construction Type: Stucco
  • Direction Faces: Northeast
  • Exterior Features: Shutters Electric, Tennis Court(s)
  • Patio And Porch Features: Open, Porch
  • Property Condition: Resale
  • Roof: Tile

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Assigned, Attached, Underground, Garage, Two Spaces

Utilities

  • Laundry Features: Inside
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Elevator, Non-Gated
  • Amenities: Beach Rights, Beach Access, Pool, Tennis Court(s)
  • Phone: 239-437-0340
  • Association: No
  • Pets Allowed: Call, Conditional
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Association Management, Insurance, Legal/Accounting, Maintenance Grounds, Sewer, Trash, Water

Lot Info

  • Parcel #: 34-46-22-T1-00701.1020
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 18

Tax Info

  • Tax Annual Amount: 25435.0
  • Tax Block: 701
  • Tax Lot: 102
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2020
Closed on
Dec 1, 2020
Sold by
Gillespie Robert W and Gillespie Ann L
Bought by
Gerish James R and Gerish Kris A
Seller's Agent
Mary Lou Bailey
VIP Realty Sanibel and Captiva
Buyer's Agent
Eric Pfeifer
List Price
$2,595,000
Sold Price
$2,425,000
Premium/Discount to List
-$170,000
-6.55%
Current Estimated Value
$1,714,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$710,808
Avg. Annual Appreciation
-6.83%
Original Mortgage
$1,455,000
Outstanding Balance
$1,297,694
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$416,498

Purchase Details

Closed on
Feb 20, 2012
Sold by
Platt W Stephen
Bought by
Gillespie Robert W and Gillespie Ann L

Purchase Details

Closed on
Apr 14, 2010
Sold by
Platt W Stephen
Bought by
Platt W Stephen and Platt Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2007
Sold by
Platt W Stephen and Platt Robin Ann
Bought by
Platt W Stephen and Platt Robin Ann

Purchase Details

Closed on
Jul 11, 1994
Sold by
Wedgewood Sanibel Dev Corp
Bought by
Platt W Stephen and Platt Robin Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
8.51%
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
Gerish James R $2,425,000 Superior Title Services
Gillespie Robert W $1,870,000 Superior Title Services Of S
Platt W Stephen -- Realty Title Services Of San
Platt W Stephen -- None Available
Platt W Stephen $795,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerish James R $1,455,000
Previous Owner Platt W Stephen $300,000
Previous Owner Platt W Stephen $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2020 12/01/20 Sold $2,425,000 -6.6% $855 / Sq Ft
11/01/2020 11/01/20 Pending -- -- --
10/01/2020 10/01/20 For Sale $2,595,000 -- $915 / 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 $4,110 $2,188,231 -- $2,188,231
2024 $4,110 $329,877 -- $329,877
2023 $6,109 $464,380 $0 $464,380
2022 $31,886 $2,369,939 $0 $2,369,939
2021 $25,893 $1,819,834 $0 $1,819,834
2020 $27,320 $1,895,203 $0 $1,895,203
2019 $26,496 $1,823,335 $0 $1,823,335
2018 $27,076 $1,824,143 $0 $1,824,143
2017 $27,883 $1,847,560 $0 $1,847,560
2016 $26,225 $1,738,487 $0 $1,738,487
2015 $24,315 $1,553,900 $0 $1,553,900
2014 $22,051 $1,371,900 $0 $1,371,900
2013 -- $1,433,900 $0 $1,433,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 220062641

Florida Gulf Coast Multiple Listing Service

APN: 34-46-22-T1-00701.1020