NOT LISTED FOR SALE

527 E Gulf Dr Unit 207 Sanibel, FL 33957

Estimated Value: $703,000 - $1,106,000

2 Beds
2 Baths
1,050 Sq Ft
$1,075/mo HOA Fee

Last Sold October 05, 2021

Last sale price $1,085,000 $1,033 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $5,930/month

17 Days on Market

Highlights

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

About This Home

As of October 2021

For Gulf-front condominiums, it doesn't get any better than this top-floor, direct Gulf-front corner unit in the boutique condominium community of Gulf Beach on Sanibel's East End. Completely remodeled in a classic, coastal cottage-style, the unit's kitchen offers conveniences typically only seen in homes, such as a generously sized prep island, custom cabinetry with open shelving and large storage drawers, granite countertops and stainless steel KitchenAid appliances. The custom banquette seating in the dining room is both beautiful and practical, maximizing the space available while providing additional storage. Also reconfigured and expanded during the remodel, the master bath's functional design now has an extended vanity with two sinks. There are too many features to mention, but a shortlist of other upgrades include: impact windows and sliders throughout, plantation shutters, designer furnishings and extra windows for lots of natural light. This unit earns an impressive $95K annually through weekly rentals.

Last Agent to Sell the Property

Jeff Burns

Premier Sotheby's Int'l Realty License #280595636 Listed on: 08/18/2021

Premier Sotheby's Int'l Realty

Last Buyer's Agent

Kara Cuscaden

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,347

Year Built

  • Built in 1978

Lot Details

  • Property fronts gulf or ocean
  • Northwest Facing Home

HOA Fees

  • $1,075 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Built-Up Roof

Interior Spaces

  • 1,050 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Sliding Windows
  • Combination Dining and Living Room
  • Tile Flooring
  • Gulf Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Shower Only
  • Separate Shower

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Deck
  • Screened Patio
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 207 / 2900
  • Assessor Parcel Number 20-46-23-T3-02900.2070

Community Details

Overview

  • Association fees include management, insurance, legal/accounting, ground maintenance, pest control, recreation facilities, sewer, trash, water
  • 14 Units
  • Association Phone (239) 472-5020
  • Low-Rise Condominium
  • Gulf Beach Condo Subdivision

Recreation

  • Community Beach Access
  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Additional Features

  • Elevator
  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,347

Year Built

Built in 1978

Lot Details

0

HOA Fees

$1,075 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.2062
  • Ownership: Condo
  • Subdivision Name: GULF BEACH CONDO
  • Directions: Straight on Lindgren from Causeway, left on East Gulf to 527 East Gulf.
  • Architectural Style: Other, Low Rise
  • Carport Y N: No
  • Entry Level: 2
  • Garage Yn: No
  • Structure Type: Low Rise
  • Year Built: 1978
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour

Interior Features

  • Furnished: Furnished
  • Private Spa: No
  • Appliances: Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile
  • Interior Amenities: Dual Sinks, Kitchen Island, Living/Dining Room, Other, Shower Only, Separate Shower
  • Living Area: 1050.0
  • Stories: 2
  • Window Features: Sliding, Impact Glass

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
  • Direction Faces: Northwest
  • Exterior Features: Deck
  • Patio And Porch Features: Deck, Porch, Screened
  • Property Condition: Resale
  • Roof: Built-Up, Flat

Utilities

  • 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
  • Association #2 Fee: 1075.0
  • Association #2 Fee Frequency: Monthly
  • Phone: 239-472-5020
  • Association: Yes
  • Pets Allowed: Call, Conditional
  • Common Interest: Condominium

Fee Information

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

Lot Info

  • Parcel #: 20-46-23-T3-02900.2070
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 14

Tax Info

  • Tax Annual Amount: 11347.0
  • Tax Block: 2900
  • Tax Lot: 207
  • Tax Year: 2020

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2021
Closed on
Sep 28, 2021
Sold by
Anderson Jeffrey L
Bought by
Grogan Joseph A and Grogan Jessica H
Seller's Agent
Jeff Burns
Premier Sotheby's Int'l Realty
Buyer's Agent
Kara Cuscaden
List Price
$1,100,000
Sold Price
$1,085,000
Premium/Discount to List
-$15,000
-1.36%
Current Estimated Value
$869,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$215,416
Avg. Annual Appreciation
-5.31%
Original Mortgage
$813,750
Outstanding Balance
$740,452
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$129,132

Purchase Details

Closed on
Feb 17, 2012
Sold by
Tracy Kathleen M and Tracy Dennis E
Bought by
Anderson Jeffrey L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2005
Sold by
Peterson Robert D and Peterson Margaret J
Bought by
Tracy Kathleen M and Tracy Dennis E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.25%
Mortgage Type
Fannie Mae Freddie Mac
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
Grogan Joseph A $1,085,000 Coastal Ttl Svcs Of Sw Fl Ll
Anderson Jeffrey L $665,000 Sunbelt Title Agency
Tracy Kathleen M $862,000 Executive Title Ins Svcs Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grogan Joseph A $813,750
Previous Owner Anderson Jeffrey L $417,000
Previous Owner Tracy Kathleen M $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2021 10/05/21 Sold $1,085,000 -1.4% $1,033 / Sq Ft
09/05/2021 09/05/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $1,100,000 -- $1,048 / 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 $3,646 $256,417 -- $256,417
2024 $7,448 $256,417 -- $256,417
2023 $7,448 $517,029 $0 $517,029
2022 $12,650 $925,845 $0 $925,845
2021 $11,336 $796,096 $0 $796,096
2020 $11,347 $786,505 $0 $786,505
2019 $10,406 $715,445 $0 $715,445
2018 $10,187 $716,253 $0 $716,253
2017 $9,942 $719,483 $0 $719,483
2016 $9,358 $673,405 $0 $673,405
2015 $7,920 $497,700 $0 $497,700
2014 $8,435 $524,500 $0 $524,500
2013 -- $514,600 $0 $514,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 221059758

Florida Gulf Coast Multiple Listing Service

APN: 20-46-23-T3-02900.2070