Listing Details for MLS # A4626619
1801 Gulf Drive N Unit 192, Bradenton Beach, Fl 34217

Residential Property - Condominium in Bradenton Beach

Listing Price: $535,000Days on Market: 27

Description of Property

This ground floor two bedroom two bath is on the Bay of Sarasota, The condo received flood waters during Hurricane Helene with approximately 3 feet of water.The condo is currently undergoing moisture mitigation by Wrightway which is provided thru the assocations flood insurance. The insurance will cover replacing the walls/ insullation and doors once it is completely dried out, Addtionally the insurance wiill cover replacing the appliances and all cabinets that were impacted by the flood waters. The insurance will pay for restoring the unit with the exception of the washer and dryer and furniture. Additionally work is being done on the clubhouse, pool, fitness center, tennis and the pickelball facitiies which were damaged during the hurricanes. The unit has a new water tank and the air conditioning was replaced in 2018. All windows and doors were replaced in 2013 with hurricane proof windows and doors. Addtionally the board had approved to replace the roof prior to the hurricanes and the seller will pay in full the special assessment in the amount of $13,986. This is an opportunity to redecorate this unit to your particular style and taste. This unit has an excellent rental history and is a favorite for return guests. In 2023 this unit had rentals exceeding $60k. THE INTERIOR PICTURES WERE TAKEN DAYS BEFORE THE FLOODING.The average asking price for a 2 bedroom/2 bath condominium in this Zip code is $724,533. This condominium is listed at about 74% of the average asking price. There are 9 2 bedroom/2 bath homes between $450,000 and $600,000 currently listed for sale in this Zip code. See other listings like this one »