Sanibel Arms

East-end 64-unit canal-to-gulf Sanibel Arms condo community is coming back. The association opened canal-side units in Bldgs A-C to owners in late April which is when the #C7 sellers returned to see it. Though #C7 being 2nd floor/interior was not damaged during the last storms, Assoc repairs have been underway since they left in Nov 2022. They lived in their unit before that. Today work continues on the gulf-side buildings, amenities, & landscaping. Buildings are now white, with new white metal roofs & impact glass. Inside #C7, the Assoc restoration contractor installed new HVAC, tankless water heater, & electric panel. Unfortunately, some minor repairs need to be completed - drywall needed around elec panel, completion of electric service, & trim around front door interior. Sellers spent a few days here cleaning the unit & decided to sell "as is" with buyer to complete fix-ups & furnish. The unit features a galley-style kitchen with breakfast bar. Appliances remain but not warranted. Like the kitchen, the bath was not damaged. It features a walk-in shower with bench seat & glass doors, plus single-sink vanity. The window in the great room has a gulf-view looking across the street, while the view from the bedroom window is a long peaceful canal view. This offering is a wonderful opportunity for an investor or Sanibel Arms lover to buy now & complete the interior before the community again is open to renters. In the meantime, no access to the gulfside is allowed. The monthly condo fee (currently $688/mon) may increase once a new manager is hired & the community fully reopens. The COA also levied a special assessment to cover a restoration loan while awaiting insurance proceeds. For this unit, it was $83,370, payable at $2,048/month for four years beginning Aug 2025.