2 Beds
2 Baths
1,750 SqFt
2 Beds
2 Baths
1,750 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Pending
Purchase Type For Sale
Square Footage 1,750 sqft
Price per Sqft $285
Subdivision By The Sea Condo
MLS Listing ID 2026008435
Style Other,Low Rise
Bedrooms 2
Full Baths 2
HOA Fees $3,465/qua
HOA Y/N Yes
Annual Recurring Fee 13860.0
Year Built 1982
Annual Tax Amount $4,834
Tax Year 2025
Lot Size 4,935 Sqft
Acres 0.1133
Lot Dimensions Appraiser
Property Sub-Type Condominium
Property Description
IMPORTANT INFORMATION.
The building is currently in the early stages of reconstruction. The list price of $500,000 reflects the condo interest only and does not represent the total cost to complete the unit.
In addition to the purchase price, the buyer will be responsible for all remaining construction costs. Current estimates provided by the association indicate approximately $856,000 to deliver the unit to a white box condition, plus an estimated $300,000 for interior build out. All construction costs are estimates only and subject to change.
This is not a finished unit and not a turnkey purchase. Buyers should expect an active construction environment during the rebuild process. Final layout, square footage, finishes, and completion timelines are subject to association approvals and construction progress.
The association does not allow rentals, preserving the quiet, owner occupied atmosphere the community is known for. Prior to the storm, community amenities included a heated beachfront pool, cabana, security system, and covered parking. These amenities are anticipated to be restored upon completion of reconstruction but are not guaranteed.
The condominium association historically maintained a master insurance policy, with premiums included in the association fees. Upon completion of reconstruction, building insurance is anticipated to be covered through the association, with owners responsible for interior coverage and personal contents. Insurance coverage, deductibles, limits, and future costs are subject to change and should be independently verified by the buyer.
Located in a FEMA designated flood zone. Flood insurance and building requirements will apply once construction is completed.
This offering is best suited for a buyer seeking long term value in a low density gulf front community who understands the costs, timelines, and variables involved in post storm reconstruction.
Location
State FL
County Lee
Community By The Sea Condo
Area Si01 - Sanibel Island
Direction North
Rooms
Bedroom Description 2.0
Interior
Interior Features None, Other, See Remarks
Heating None, Other
Cooling None, Other
Flooring Other
Furnishings Unfurnished
Fireplace No
Window Features Other
Exterior
Exterior Feature None, Other
Parking Features Assigned, Covered, Underground, Guest, Two Spaces
Pool Community
Community Features Elevator, Non- Gated
Utilities Available Cable Available
Amenities Available Beach Rights, Beach Access, Cabana, Pool, Tennis Court(s), Management
Waterfront Description Beach Front, Gulf
View Y/N Yes
Water Access Desc Public
View Gulf
Roof Type Built- Up, Flat
Garage No
Private Pool No
Building
Lot Description Zero Lot Line
Dwelling Type Low Rise
Faces North
Story 3
Sewer Public Sewer
Water Public
Architectural Style Other, Low Rise
Unit Floor 1
Structure Type ICFs (Insulated Concrete Forms),Stucco
Others
Pets Allowed Call, Conditional
HOA Fee Include Association Management,Insurance,Irrigation Water,Legal/Accounting,Maintenance Grounds,Reserve Fund
Senior Community No
Tax ID 35-46-22-T1-0050B.2020
Ownership Condo
Acceptable Financing All Financing Considered, Cash
Disclosures RV Restriction(s)
Listing Terms All Financing Considered, Cash
Pets Allowed Call, Conditional
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026008435
Nearby Locations
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