Fantastic Deal with Potential for over $1million Profit!

3346 W Gulf Dr, Sanibel, FL 33957

$849,000 After Repair Value -
$620,000 Asking Price -
$0 Cost of Repairs =
$229,000 Potential Profit

Property Details

Asking Price $620,000

After Repair Value $849,000

Costs of Repairs $0

Potential Profit $229,000

Living Area 12200 ft2

Property Type Land

Bedrooms 0

Bathrooms 0

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

Wow! A Fabulous Piece of Undervalued Land Near the Water is Available!

Property currently has a house on it that was damaged by the hurricane- it will be demolished. A great opportunity to buy a lot on Sanibel and build a beautiful new home!

PROPERTY TYPE: LAND DEAL
Lot Size: 0.28 acre

COMPARABLES
0.41 acre lot on Sawgrass Pl sold June 29, 2022 for $949,000
3938 W Gulf Dr sold June 6, 2022 for $853,750

Potential New Build Exit Strategy
Buy: Land- 620k

Build 3000 sqft Luxury Home for approx. ~ $1.2 mil

Total investment under $2 mil

Sell for Approx. ~ $2.5 to $3 million

Potential PROFIT- $500k to $1,000,000+

NOTE: YOU ARE STRICTLY PROHIBITED FROM CONTACTING ANY SELLER OR OTHERWISE USING ANY INFORMATION PROVIDED TO YOU UNLESS YOU HAVE THE EXPRESS WRITTEN CONSENT OF HOMEFRONT OFFERS. Any property information received by you is proprietary information belonging to Guillaro Worldwide Enterprises LLC and its affiliates (\"HFO/OF/Maarouf LLC\") All properties are currently under contract to HFO, Any transactions consummated by you will be pursuant to an assignment of HFO Contract. Any unauthorized contact will be considered intentional interference with a Contract and may result in legal action being taken against you. Buyers are asked to perform their Due Diligence. Homefront Offers provides only the estimated repair cost and property value.
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-Deal not final until EMD is received.
-Buyers do their own due diligence.

Repairs Needed

House will be demolished, you can spend what you would like to build a new house on the property

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