NOT LISTED FOR SALE

Estimated Value: $1,062,063

2 Beds
2 Baths
1,235 Sq Ft
0.39 Acre Lot

Sale Details

Date Sold: August 14, 2020

Last sale price $965,000 $781 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $6,750 / mo

179 Days on Market

Highlights

  • Community Beach Access
  • Property fronts gulf or ocean
  • Community Pool
  • The Sanibel School Rated A-
  • Clubhouse
  • Tennis Courts

About This Home

As of August 2020

This is a very rare to the market direct Gulf front penthouse corner unit in Sanibel's popular Loggerhead Cay. Enjoy unprecedented 180 degree views of the Gulf of Mexico and miles of white sand beaches from almost every room of this stunning unit. Gulf front units in Loggerhead Cay enjoy a slightly different design and also offer a sliding glass door and second balcony off of the dining area which adds to the open feel & stunning views from inside the unit. The updated kitchen has been redesigned completely & offers an open inviting feel that flows perfectly into the dining and living areas. The spacious master bedroom highlights the breathtaking views & the large screened lanai is the ideal location for a dinner with a view. This unit also produces astounding rental income through vacation rentals and grossed just under $100K in 2019. If you are looking for views fit for a magazine, the ability to earn amazing income, or just your Sanibel dream vacation, this is it.

Last Agent to Sell the Property

Jeff Burns

Premier Sotheby's Int'l Realty License #280595636 Listed on: 01/17/2020

Premier Sotheby's Int'l Realty

Last Buyer's Agent

Leonor Enguita

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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,215

Year Built

  • Built in 1975

Lot Details

  • Property fronts gulf or ocean
  • North Facing Home

HOA Fees

  • $695 Monthly HOA Fees

Home Design

  • Entry on the 4th floor
  • Stucco

Interior Spaces

  • 1,235 Sq Ft Home
  • 4-Story Property
  • Partially Furnished
  • Ceiling Fan
  • Single Hung Windows
  • Display Windows
  • Sliding Windows
  • Combination Dining and Living Room

Kitchen

  • Built-In Oven
  • Electric Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Dual Sinks
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Screened Patio
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 514 / 70E
  • Assessor Parcel Number 30-46-23-T2-0070E.5140

Community Details

Overview

  • Association fees include management, insurance, legal/accounting, ground maintenance, pest control, recreation facilities, sewer, trash, water
  • 168 Units
  • Association Phone (239) 454-1101
  • Mid-Rise Community
  • Loggerhead Cay Condo Subdivision

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Community Beach Access
  • Shuffleboard Court

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,215

Year Built

Built in 1975

Lot Details

0.39 Acres

HOA Fees

$695 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.3936
  • Ownership: Condo
  • Subdivision Name: LOGGERHEAD CAY CONDO
  • Directions: Lindgren to East Gulf to 979.
  • Architectural Style: Other, Mid Rise
  • Carport Y N: No
  • Entry Level: 4
  • Garage Yn: No
  • Year Built: 1975
  • ResoBuildingAreaSource: SeeRemarks
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour

Interior Features

  • Furnished: Partially
  • Private Spa: No
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Cooktop, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile
  • Interior Amenities: Dual Sinks, Living/Dining Room, Other, See Remarks, Tub Shower, Split Bedrooms
  • Living Area: 1235.0
  • Stories: 4
  • Window Features: Display Window(s), Single Hung, 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: Block, Concrete, See Remarks, Stucco
  • Direction Faces: North
  • Exterior Features: Patio
  • Patio And Porch Features: Open, Patio, Porch, Screened
  • Property Condition: Resale
  • Roof: See Remarks

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, Clubhouse, Pool, Shuffleboard Court, See Remarks, Tennis Court(s)
  • Association #2 Fee: 695.0
  • Association #2 Fee Frequency: Monthly
  • Phone: 239-454-1101
  • 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 #: 30-46-23-T2-0070E.5140
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 168

Tax Info

  • Tax Annual Amount: 11215.0
  • Tax Block: 70E
  • Tax Lot: 514
  • Tax Year: 2019

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2020
Closed on
Aug 11, 2020
Sold by
Island Holdings 514 Llc
Bought by
Seller's Agent
Jeff Burns
Premier Sotheby's Int'l Realty
Buyer's Agent
Leonor Enguita
List Price
$1,045,000
Sold Price
$965,000
Premium/Discount to List
-$80,000
-7.66%
Current Estimated Value
$1,062,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,063
Avg. Annual Appreciation
1.58%

Purchase Details

Closed on
May 13, 2015
Sold by
Darehshori Gholi F and Darehshori Georgia A
Bought by
Green John W

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
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2007
Sold by
Darehshori Gholi F
Bought by
Darehshori 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
$649,000
Interest Rate
6.57%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 4, 1996
Sold by
Barbour Mary M
Bought by
Darehshori Gholi and Darehshori Georgia
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$965,000 Coastal Ttl Svcs Of Sw Fl Ll
Green John W $825,000 Attorney
Darehshori Gholi F -- Attorney
Darehshori Gholi F -- Attorney
Darehshori Gholi $405,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $600,000
Previous Owner Darehshori Gholi Farhang $649,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/14/2020 08/14/20 Sold $965,000 -7.7% $781 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
01/17/2020 01/17/20 For Sale $1,045,000 -- $846 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $702 $943,657 $943,657
2025 $702 $48,494 $48,494
2024 $1,254 $48,494 $48,494
2023 $1,254 $86,100 $0 $86,100
2022 $13,086 $891,480 $0 $0
2021 $11,540 $810,436 $0 $810,436
2020 $11,557 $801,040 $0 $801,040
2019 $11,215 $771,163 $0 $771,163
2018 $11,468 $771,970 $0 $771,970
2017 $11,620 $768,740 $0 $768,740
2016 $10,707 $691,642 $0 $691,642
2015 $10,714 $685,600 $0 $685,600
2014 $10,176 $667,600 $0 $667,600
2013 -- $590,649 $0 $590,649
Source: Public Records

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 220005161

Florida Gulf Coast Multiple Listing Service

APN: 30-46-23-T2-0070E.5140

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