$470,000
$499,000
5.8%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
608 SqFt
SOLD DATE : 06/22/2022
Key Details
Sold Price $470,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 608 sqft
Price per Sqft $773
Subdivision El Galeon East
MLS Listing ID C7459481
Sold Date 06/22/22
Bedrooms 1
Full Baths 1
Condo Fees $1,406
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1977
Annual Tax Amount $4,353
Property Description
Great rental investment or beach getaway on Manasota Key... one of SW Florida's treasures! This unit NETTED these owners $35,960.00 during their first year’s ownership. At $499K purchase cost, that will return 7.2% ROI if it has the same net income in the coming year. AND, there are $23,740. rentals already booked!! This condo has gorgeous bay views, deep-water dockage with direct access to Lemon Bay, and no bridges to clear on the way to the Gulf. The deeded beach access is just across the street, and these clean beaches and water are enjoyable for everyone, especially at our sensational sunsets. So, high rental occupancy and high rates are not a problem here. The photos show the original kitchen, bath, and flooring which the owner is in the process of replacing/updating. So, Unit 201 will have wood cabinets, granite countertops, and updated/upgraded tile. The heated swimming pool that is adjacent to the building, the concrete patio with picnic tables that sits between the building and docks, and the paver brick front patio all are comfortable gathering spots. As to the beach, lovely Gulf waters are just across the street where you can sun, swim, snorkel, hunt shells, or just vegetate while watching our magnificent sunsets! This top floor corner unit’s location is the quietest you can get and has the best views and breezes. The end of the balcony offers a view of our sparkling Gulf. El Galeon East is a very well-maintained complex with a strongly funded association. Water oriented imbibing and dining are within walking distance. Of course, all the usual beach area amenities are in the area – whatever pleases you is close by. Boater? Fisherman? This is you dream location (the listing agent will teach you the fishing). And, this unit will rent easily when the owner is not using it. It should pay for itself for any part-time owner/user. Much, much more info attached including the rental history – ask your agent for copies, especially the FEATURES LIST.
Location
State FL
County Charlotte
Community El Galeon East
Zoning MMF12
Interior
Interior Features Living Room/Dining Room Combo
Heating Central, Electric
Cooling Central Air
Flooring Tile, Vinyl
Fireplace false
Appliance Dishwasher, Microwave, Range, Range Hood, Refrigerator
Exterior
Exterior Feature Rain Gutters, Sidewalk, Sliding Doors
Parking Features Assigned, Off Street, Open
Pool In Ground
Community Features Buyer Approval Required, Pool, Sidewalks, Water Access, Waterfront
Utilities Available Electricity Connected, Public, Sewer Connected
Amenities Available Boat Slip, Dock, Laundry, Pool, Vehicle Restrictions
Waterfront Description Bay/Harbor
View Y/N 1
Water Access 1
Water Access Desc Bay/Harbor,Beach - Access Deeded
View Water
Roof Type Tile
Porch Covered, Rear Porch, Screened
Garage false
Private Pool No
Building
Lot Description In County
Story 2
Entry Level One
Foundation Slab
Lot Size Range Non-Applicable
Sewer Public Sewer
Water Public
Structure Type Block, Stucco
New Construction false
Construction Status Inspections
Schools
Elementary Schools Englewood Elementary
Middle Schools L.A. Ainger Middle
High Schools Lemon Bay High
Others
Pets Allowed Yes
HOA Fee Include Pool, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Pool, Trash
Senior Community No
Ownership Condominium
Monthly Total Fees $468
Acceptable Financing Cash, Conventional
Membership Fee Required Required
Listing Terms Cash, Conventional
Special Listing Condition None
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