For anyone seeking a project with the potential to build immediate equity, this home is listed for over $1.5 million below recent sales of Andy Rosse courtyard homes, which sold as high as $4.5 million (without impact windows/doors and still in need of remodeling). Being sold mid-construction, with no construction contract that needs to be honored, the home is being offered in as-is condition. The exterior and roof have been wrapped in waterproofing underlayment since Hurricane Ian. The current owner replaced the exterior doors and windows with hurricane-rated windows and sliders. Located on arguably the premier street in Captiva Village, this home's design is one of the most popular courtyard-style homes built by the developer, offering the largest guest house with the main residence set back from the street. The home's construction is concrete pilings and concrete block walls throughout the ground floor. Home features include a pool with a spa, an attached two-bedroom guest house, an in-home elevator, and a convenient location just a few parcels from the beach or shopping. Once completed, rental estimates project this home could earn around $300,000 annually.
Property Type :
Residential
Subdivision :
Fa Lanes Bayview
County :
Lee
Style :
Residential
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ByOwner last updated this listing 04/28/2024 @ 02:54
MLS: 224024767
LISTED BY: Jeffrey Burns, Premier Sotheby's Int'l Realty
SOURCE: SWFL
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
