NOT LISTED FOR SALE

Loggerhead Cay Condos 979 E Gulf Dr Unit E513 Sanibel, FL 33957

Estimated Value: $857,000 - $1,021,951

2 Beds
2 Baths
1,235 Sq Ft
$820/ mo HOA Fee

Last Sold November 30, 2023

Last sale price $1,115,000 $903 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $5,754/month

25 Days on Market

Highlights

  • Community Beach Access
  • Property fronts gulf or ocean
  • Sitting Area In Primary Bedroom
  • Sanibel Elementary School Rated A-
  • Outdoor Pool
  • Furnished

About This Home

As of November 2023

Welcome to Loggerhead Cay E513! This furnished 2 bedroom, 2 bathroom, 2 balcony, 3rd floor corner unit is an extremely rare offering in one of the island’s very best and most desirable “blue chip” beach front condo communities. Find your inner peace from the sounds and cool breezes of the Gulf of Mexico, Enjoy the unparalleled views of the beautiful white sandy beach and sparkling turquoise waters from nearly every room, relax and stretch out in the spacious and inviting living areas or one of your beach front lanais, and sleep comfortably on a premier rental return grossing comfortably in the 6 figures. Loggerhead Cay is slated to have full power restored 11/1/23, and rentals can commence at that time. The condo did suffer some water damage from the unit above during Hurricane Ian, but is an opportunity for the new owner to complete the interior to their taste. Fully wind mitigated with all impact doors, windows, and sliders, A/C pumping cold air, and offered furnished, not much work is needed to enjoy one of Sanibel’s best investment opportunities to the fullest by this season and then for a lifetime. No Assessments planned or proposed!!

Last Agent to Sell the Property

Evan duPont

Michael Saunders & Company License #3286932 Listed on: 10/05/2023

Michael Saunders & Company

Last Buyer's Agent

OTHER OTHER

Other

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,822

Year Built

  • Built in 1975

Lot Details

  • 0.39

HOA Fees

  • $820 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,235 Sq Ft Home
  • Furnished
  • Bar
  • Ceiling height between 8 to 10 feet
  • Single Hung Wood Windows
  • Sliding Windows
  • Combination Dining and Living Room
  • Screened Porch

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Sitting Area In Primary Bedroom
  • 2 Full Bathrooms

Home Security

Parking

  • Guest Parking
  • Open Parking
  • Assigned Parking

Outdoor Features

  • Outdoor Pool
  • Patio

Additional Features

  • Property fronts gulf or ocean
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 513
  • Assessor Parcel Number 30-46-23-T2-0070E.5130

Community Details

Overview

  • Association fees include cable TV, elevator, exter pest control, exterior main/repair, insurance bldg, irrigation, landscape/lawn, legal and accounting, manager, pool service, sewer, trash, water
  • Loggerhead Cay Condo Association Inc. Association, Phone Number (239) 955-4796
  • Loggerhead Cay Community

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Courtyard
  • Elevator

Recreation

  • Community Beach Access
  • Shuffleboard Court
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • High Impact Windows
  • Complete Storm Protection

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,822

Year Built

Built in 1975

Lot Details

0.39 Acres

HOA Fees

$820 per month

Listing Details

  • Class: Condo
  • Property Type: Condo
  • Legal Description: LOGGERHEAD CAY PHSE 2 COND BLDG E OR 1080 PG 1784 UNIT 513
  • Strap Number: 30-46-23-T2-0070E.5130
  • Subject To F I R P T A: No
  • Year Built: 1975
  • Level: 3
  • Pets: Allowed
  • Folio Id: 10128476
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Price Per S Q F T: 902.83
  • Appliances: See Remarks
  • Estimated Living Sq Ft: 1235
  • Bathrooms: 2
  • Bathrooms Display: 2/0
  • Bedrooms: 2
  • Ceiling: 8 Ft Ceilings
  • Den: No
  • Fireplace: No
  • Floor: 3
  • Flooring: Carpet, Tile Floor
  • Furnished: Yes
  • Furnishing: Part Furnished, Turn-Key, Other Add Agt Note
  • Master Bedroom: Balcony, Sitting Area
  • Windows: Impact Resistant Windows, Single Hung, Sliding, Storm Protection All

Exterior Features

  • Misc Exterior: CBS
  • Waterfront: Gulf
  • Waterfront: Yes
  • Coastal Construction: In Front of 1974
  • Pool: Yes
  • View: Direct Gulf

Garage/Parking

  • Parking: Assigned, Guest, Open

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Yes
  • Cooling: Central Air/Cooling
  • Heating: Central Heat
  • Security: See Remarks

Condo/Co-op/Association

  • Association Fees Disp: Y - $820/M
  • Association Fee: 820
  • Association Fee Period: Monthly
  • Association Right Of Refusal: No
  • Association Management: Loggerhead Cay Condo Association Inc.
  • Management Company Phone: 239-955-4796
  • Condo Amenities: Courtyard, Deeded Beach Access, Elevator, Grills, Picnic Area, Pool, Rental Office on Site, Shuffleboard
  • Condo Name: Loggerhead Cay
  • Fees Include: Cable TV, Elevator, Exter Pest Control, Exterior Main/Repair, Insurance Bldg, Irrigation, Landscape/Lawn, Legal and Accounting, Manager, Pool Service, Sewer, Trash, Water
  • Govern Bodies: Condo Association
  • HOA: Yes
  • Master Association Disp: $/
  • Members Right Of Refusal: No

Lot Info

  • Geo Update Timestamp: 2023-10-05
  • Geo Address Line: 979 E Gulf Dr
  • Geo Primary City: Sanibel
  • Geo Quality: 0.95
  • Geo Subdivision: FL
  • Geo Zoom Level: 16
  • Lot Number: 513

Rental Info

  • Application Required: Yes
  • Rent History: Prior to Hurricane Ian this condo had a gross rental income of $110,000+ per year, but is sure to be much higher moving forward.
  • Rent Type: Weekly

Tax Info

  • Tax Amount: 12822
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2024
Sold by
Sanibel Vacation Properties Llc
Bought by
979 East Gulf Drive Unit 513 Land Trust and Aldridge
Current Estimated Value
$936,988

Purchase Details

Listed on
Oct 5, 2023
Closed on
Nov 30, 2023
Sold by
Rdarehshori Investments I Llc
Bought by
Sanibel Vacation Properties Llc
Seller's Agent
Evan duPont
Michael Saunders & Company
Buyer's Agent
OTHER OTHER
Other
List Price
$1,295,000
Sold Price
$1,115,000
Premium/Discount to List
-$180,000
-13.9%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.28%
Original Mortgage
$922,800
Interest Rate
7.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2015
Sold by
Darehshori Kassra F
Bought by
Rdarchshori Investments 1 Llc

Purchase Details

Closed on
Jun 11, 2014
Sold by
Darehshori Kassra F
Bought by
Darehshori Kassra F

Purchase Details

Closed on
May 21, 2014
Sold by
Darehshori Rochelle M
Bought by
Darehshori Kassra F

Purchase Details

Closed on
Feb 13, 2012
Sold by
Toussaint Donald A and Toussaint Marietta
Bought by
Darehshori Kassra F and Darchshori Rochelle M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,250
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 31, 2008
Sold by
Darehshori Gholi F and Darehshori Georgia A
Bought by
Toussaint Donald A and Toussaint Marietta E

Purchase Details

Closed on
Aug 8, 2007
Sold by
Darehshori Gholi Farhang
Bought by
Darehshori Gholi F and Darehshori Georgia A

Purchase Details

Closed on
Apr 6, 1998
Sold by
Clark Roger
Bought by
Darehshorei Gholi F and Darehshori Georgia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.06%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
979 East Gulf Drive Unit 513 Land Trust $100 None Listed On Document
Sanibel Vacation Properties Llc $1,115,000 None Listed On Document
Rdarchshori Investments 1 Llc $546,300 None Available
Darehshori Kassra F -- Attorney
Darehshori Kassra F -- None Available
Darehshori Kassra F $835,000 Barrier Island Title Service
Toussaint Donald A $850,000 Realty Title Services Of San
Darehshori Gholi F -- Attorney
Darehshorei Gholi F $399,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sanibel Vacation Properties Llc $922,800
Previous Owner Darehshori Kassra F $626,250
Previous Owner Darehshorei Gholi F $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2023 11/30/23 Sold $1,115,000 -13.9% $903 / Sq Ft
10/30/2023 10/30/23 Pending -- -- --
10/05/2023 10/05/23 For Sale $1,295,000 -- $1,049 / Sq Ft
Source: Sanibel & Captiva Islands Association of REALTORS®

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 $704 $892,309 -- $892,309
2024 $704 $48,494 -- $48,494
2023 $1,254 $86,100 $0 $86,100
2022 $12,822 $873,436 $0 $0
2021 $11,307 $794,033 $0 $794,033
2020 $11,324 $784,890 $0 $784,890
2019 $10,992 $755,820 $0 $755,820
2018 $11,240 $756,628 $0 $756,628
2017 $11,378 $753,398 $0 $753,398
2016 $10,476 $676,706 $0 $676,706
2015 $10,660 $670,200 $0 $670,200
2014 -- $649,100 $0 $649,100
2013 -- $590,649 $0 $590,649
Source: Public Records

Agents Affiliated with this Home

  • Evan duPont

    Seller's Agent in 2023

    Evan duPont

    Michael Saunders & Company

    (239) 462-1817

    55 in this area

    66 Total Sales

    Evan duPont
    Section Image

  • O

    Buyer's Agent in 2023

    OTHER OTHER

    Other

See All Agents

About Loggerhead Cay Condos

Map

Source: Sanibel & Captiva Islands Association of REALTORS®

MLS Number: 2230887

Sanibel & Captiva Islands Association of REALTORS®

APN: 30-46-23-T2-0070E.5130

Florida Lee County Sanibel 33957

979 E Gulf Dr Unit E513, Sanibel, FL

Not Listed for Sale

Condos

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