497 Lake Murex CIR, Sanibel, FL 33957

$979,000 Asking Price

4 beds
3 baths
2,140  sqft
Built in 1981

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!

Features & Amenities

Interior

General:
Fireplace, Vaulted Ceiling(s), Walk-In Closet(s)
Appliances:
None
Dining:
Dining - Living
Laundry:
Laundry in Residence
Flooring:
Tile
A/C:
true, Ceiling Fan(s), None
Heating:
false, None
Fireplace:
Fireplace

Exterior

General:
Screened Lanai/Porch, Outdoor Shower, Tennis Court(s), Below Ground
Style:
Ranch, Single Family
Pool:
Below Ground
Parking:
Attached, Parking spaces: 2

Construction

Roofing:
Metal
General:
Wood Frame, Stucco, 1, Pillar/Post/Pier

Location

Road/Access:
Paved
HOA Amenities:
Pickleball, Tennis Court(s), 75.0, Annually
Originating MLS:
Florida Gulf Coast
County:
Lee

Lot

Zoning:
27-46-22-T4-00500.0700
View:
Lake, View
Fencing:
Fenced
Restrictions:
Deeded

Utilities

Water:
Central

Financial

Source:
Florida Gulf Coast

This listing courtesy of:
Pfeifer Realty Group LLC

About Sanibel, FL

Housing

Number of Units
7,795
Median Home Value
$704,637
Median Rent
$1,293

9.39% of housing units are renter occupied.

54.86% are vacant.

Commute

Car
41.87%
Public Transportation
0.00%
Walk to Work
3.61%
Work from Home
51.28%
Other
0.41%

The median travel time to work is 10 minutes.

People

Population
6,632
Median Age
66.50
Median Household Size
2.35

Education

High School
17.89%
Associate’s Degree
5.62%
Bachelor’s Degree
29.66%
Graduate Degree
29.64%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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