2611 W Gulf Drive, Apt B101 $1,200,000

"By The Sea" condo complex sustained damage from Hurricane Ian. All of the units within the entire complex will be gutted and renovated to the drywall and tape. Owners will then be able to customize their units on their own. The complex is currently defining the scope of the project, determining the budget, and awaiting notification from their insurance companies regarding the claim amount to expect. The Association will then vote to determine if 75% of members agree to renovate/rebuild. If they have an agreement to proceed, the property will be closed as of November 27, 2022 and work will begin. There may be assessments related to this work. It is expected the renovation/rebuild will take approximately 12 months until homeowners get possession of their units for their own finishing. The listing price of this unit represents a significant discount (nearly $1M) to account for the interior upgrades that will need to be made. Access to the complex will be restricted after November 27, 2022. Aerial photo represents complex condition before Hurricane Ian. The floorplan would be a mirror image of the attached example, and the den could be converted into a 3rd bedroom.

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