$699,000

Est. payment - /mo

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4 Beds

3 Baths

2,140 SqFt

Price Dropped by $51K

497 Lake Murex CIR Sanibel, FL 33957

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Sean Bates

sean@realtorseanbates.com +1(813) 413-1147

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,140 sqft

Price per Sqft $326

Subdivision Lake Murex

MLS Listing ID 2025010172

Style See Remarks,Stilts

Bedrooms 4

Full Baths 3

HOA Y/N No

Year Built 1981

Annual Tax Amount $14,806

Tax Year 2024

Lot Size 0.565 Acres

Acres 0.565

Property Sub-Type Single Family Residence

Source Florida Gulf Coast

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. Past 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.

Location

State FL

County Lee

Area Si01 - Sanibel Island

Direction Sanibel Island

Rooms

Kitchen Built-In Desk

Interior

Interior Features Great Room, Other

Heating Central Electric

Cooling None

Flooring Tile

Window Features Other

Appliance None

Exterior

Exterior Feature None

Carport Spaces 4

Pool In Ground

Community Features None, No Subdivision, Non-Gated

Utilities Available Cable Available

Waterfront Description Lake Front

View Y/N No

View Lake

Roof Type Metal

Garage No

Private Pool Yes

Building

Faces Sanibel Island

Sewer Assessment Paid

Water Assessment Paid

Architectural Style See Remarks, Stilts

Structure Type Wood Frame,Wood Siding

New Construction No

Others

HOA Fee Include Cable TV

Senior Community No

Tax ID 27-46-22-T4-00500.0700

Ownership Single Family

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Real Estate Owned

Pets Allowed No Approval Needed

Listed by EXP Realty LLC • Rafael Dagnesses

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Sean Bates

Team Lead | SL3271378

+1(813) 413-1147

497 Lake Murex CIR Sanibel, FL 33957

Sean Bates

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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497 Lake Murex CIR