487 E Gulf DR, Sanibel, FL, 33957 | $1,899,000

UNIQUE TURNKEY GULF FRONTAGE TOWNHOUSE WITH PRIVATE ELEVATOR!! Welcome to your dream coastal retreat! This stunning 2-story townhouse offers 2, 288 sq ft of luxurious living space in a unique year-round private residential family setting—perfect for those seeking tranquility and exclusivity, as rentals are not permitted. Nestled right on the beach, this property boasts 250 feet of pristine Gulf frontage, allowing you to soak in breathtaking views and the soothing sound of waves just steps from your door. Inside, you'll find brand-new impact windows that not only enhance your home's beauty but also ensure your peace of mind. The interior is free from hurricane damage and water intrusion, providing a worry-free environment for your family. As you enter through your private elevator, you’ll be greeted by a magnificent great room featuring elegant stone flooring, striking 2-story coral walls, and a cozy fireplace that adds warmth and character. Floor-to-ceiling windows flood the space with natural light, while electric shutters offer convenience and privacy. The gourmet kitchen is a chef's delight, equipped with custom wood cabinetry and high-end appliances, making it the perfect space for culinary creativity. The primary bedroom suite offers deck access, allowing you to enjoy stunning sunrises or sunsets from the comfort of your own space. Additional highlights include a spacious 2-car garage with a brand-new garage door, ample extra storage, and a laundry room conveniently located within the unit. Your new home will also feature a surround sound system and ADT security throughout for added comfort and safety. Outside, a new pool is set to be completed this fall, creating an inviting oasis for relaxation and entertainment. Plus, an expansive wood dock will enhance your outdoor experience, perfect for enjoying the coastal lifestyle. Don’t miss the opportunity to make this exceptional townhouse your own—a true sanctuary by the sea! Contact us today for a private showing and start living the beach life you’ve always dreamed of!

Features

  • Building Design: Townhouse
  • Parking: 2+ Spaces,Covered
  • Heating: Central Electric
  • Cooling: Ceiling Fans,Central Electric
  • Levels: 3
  • Amenities: Beach Access,Bike Storage,Community Pool,Extra Storage,Internet Access,Underground Utility
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Complex: TIGUA CAY CONDO
  • Development: TIGUA CAY CONDO
  • Year Built: 1982
  • Common Charge: $8,000 Quarterly
  • Approx Sq. Feet: 2,244
  • Acreage: 0.08
  • Est. Taxes: $22,015
  • Lot Desc: Across From Beach Access,Across From Waterfront,Other
  • View: Gulf,Landscaped Area,Partial Buildings,Pool/Club,Water
  • Community Type: Non-Gated
  • Water Front: Yes
  • Elem. School: THE SANIBEL SCHOOL
  • Middle School: CYPRESS LAKE HIGH SCHOOL
  • High School: SOUTH FORT MYERS HIGH SCHOOL
  • Pet Policy: With Approval
  • MLS#: 224077101
  • Website: https://www.raveis.com
    /prop/224077101/487egulfdr_sanibel_fl?source=qrflyer
Copyright © 2024  The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright Southwest Florida MLS organizations. All rights reserved.
Courtesy of EXP Realty

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

487 E Gulf DR, Sanibel, FL, 33957

$1,899,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,519,200 $1,519,200 $1,519,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.375% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.387% 6.498% 6.413%
Monthly Tax Payment $1,835 $1,835 $1,835
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,478 $9,478 $13,026
Total Monthly Payment $11,438 $11,438 $14,986

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.