409 E Gulf Drive, Apt 8 $489,000

Charming, first floor, east end condo located at the Colony Inn with deeded beach access along East Gulf Dr. Remodeled in light, coastal decor with newer appliances and luxury, vinyl, plank flooring throughout. Bath remodeled featuring new walk-in shower. The Colony Inn features an on-site rental office, pool, community laundry, grills, internet, cable tv and many repeat renters. Very close to restaurants, shopping, water activities and boating. Perfect for an investor or someone looking for a place to spend the winter and rent out when not on island. The first floor location is sought after by all. These units rarely come up for sale! Reservations for the 3rd and 4th quarter of 2022 and the 1st quarter of 2023 are already strong. The unit has $30,000 in bookings for the 4th quarter, 2022 and, thus far, for 2023. Occupancy rate for 2021 was 78.3%. Don't miss the opportunity to own this lovely getaway!

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