497 Lake Murex Circle, Sanibel, FL 33957

$1,050,000
4
BD
3
BA
2,140
SqFt
List Price
$1,050,000
Status
ACTIVE
MLS#
224077521
Bedrooms
4
Bathrooms
3
Living Area
2,140
Development
Lake Murex
Subdivision
Lake Murex

Property Description

This spacious 4-bedroom, 3-bathroom home sits on an oversized lot and is your chance to create the perfect island retreat. Renovations are 71% complete, according to the City of Sanibel. House was gutted and reconfigured with a modern open floor plan, soaring ceilings, and large grey tile flooring throughout. The kitchen features custom cabinets from a designer showroom in Naples and are in place, but not completely installed, large, remodeled bathrooms give a spa like feeling, and needs to be completed (fixtures, shower doors, counter tops installed in guest bathroom, and vanity with countertop installed in guest suite). This home was purchased by some investors after Hurricane Ian and have found themselves short on funds to complete the project. Roof was damaged from the storm. Current owners started the process, removed the old roof, and got it dried in, but new owners will need to finish the project. Trim work inside needs to be finishes, along with hanging closet doors, etc. Front porch staircase needs to be redone, deck railings and stairs off the back deck need to be added for safety. House also needs some soffit, siding, and gutter repairs. Pool deck needs some finishing touches, along with all new equipment. There are various other projects that need to be completed; however, a lot of the materials are on-site. Enjoy sunset views over Lake Murex from the deck, take a short walk to the beach, or relax in the pool. The elevated home offers plenty of garage space for cars, toys, and more. Sold AS/IS with the right to inspect— Power is not on. Seize this opportunity to add the finishing touches and turn this home into a showstopper!

Additional Information

Taxes
$15,744
Building Design
Single Family
Year Built
1981
Community Type
Non-Gated
Construction
Stucco, Wood Frame
Living Area
2,140
Acres
0.57
Interior Features
Fireplace, Living/Dining Room, See Remarks, Cable TV, Vaulted Ceiling(s), Walk-In Closet(s), Split Bedrooms
Amenities
Pickleball, Tennis Court(s)
Cooling
Ceiling Fan(s), None
Heating
None
Flooring
Tile
Garage Spaces
2
Exterior Features
Fence, Security/High Impact Doors, Outdoor Shower
View
Lake
Waterfront
Yes
Waterfront Description
Lake
Water
Public
Sewer
Public Sewer
Pool Description
In Ground
Stories
1
Pets
Yes

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Pfeifer Realty Group LLC.