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497 Lake Murex Circle, Sanibel, FL 33957

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For Sale

$1,050,000

4 beds • 3 baths • 2,140 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $490.65
    Price per square foot

  • 41-50 Years Old
    Age

  • Fireplace
    Fireplace

Explore this Property

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!
MLS# 224077521

Courtesy Of Pfeifer Realty Group

(239) 472-0004

Property Features

  • Age
    41-50 Years Old
  • Amenities
    Dock, Vaulted Ceiling, Ceiling Fan, Water Front, Cable Ready
  • Architecture Style
    Ranch
  • Cooling System
    Ceiling Fan(s), None
  • Exterior Type
    Stucco
  • Fireplace
    Fireplace
  • Floor Covering
    Tile
  • Lot Size
    0.56 Acres
  • Roof Type
    Metal
  • View Type
    Lake

Map and Directions

Directions to 497 Lake Murex Circle, Sanibel, FL 33957

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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