By The Sea condo complex sustained damage from Hurricane Ian. The complex is currently defining the scope of the project to rebuild, determining the budget, and awaiting notification from their insurance companies regarding the claim amount to expect. The Association will then vote to determine if 75% of members agree to renovate/rebuild. The vote is expected in January 2023. Then all of the units within the entire complex will be gutted and renovated to the drywall and tape. Owners will customize their own units. There may be assessments related to this work. It is expected the renovation/rebuild will take approximately 12 months from projects start date until homeowners get possession of their units for their own finishings. The listing price of this unit represents a significant discount (nearly $1M) to account for the interior upgrades that will need to be made. Access to the complex will be restricted after November 27. Aerial photo represents complex condition prior to the storm.
This condo located at 2611 W Gulf Dr, Unit B101, Sanibel, FL 33957 is currently listed for sale with an asking price of $1,200,000. This property was built in 1982 and has 3 bedrooms and 2 full baths with 1725 sq. ft. W Gulf Dr, Unit B101 is located in the BY THE SEA CONDO subdivision. Search BY THE SEA CONDO real estate on www.johnrwood.com today.
Disclosure: Exterior landscaping may be different than shown in photos as a result of Hurricane Ian.
Agency Name: McCallion & McCallion
Agency Phone: 239-472-1950
Agency Title: John R. Wood Properties