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Listed price in listed location currency (USD).
$699,000

430

MLS® 2025010172

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 2140 sqft
Garage No
Taxes $14,806
Days Active 81
Lot Size 0.565 acres
Approx. Age 1981
Avg. Price Per Sqft $326
MLS® Number 2025010172

Property Address: 497 Lake Murex Cir, SANIBEL, FL, 33957-5524

Average square foot calculated using Size range provided by listing agent.

Description

This spacious 4-bedroom, 3-bathroom home sits on an oversized lot and is your chance to create the perfect island retreat. Renovations are 71% complete, according to the City of Sanibel. House was gutted and reconfigured with a modern open floor plan, soaring ceilings, and large grey tile flooring throughout. The kitchen features custom cabinets from a designer showroom in Naples and are in place, but not completely installed, large, remodeled bathrooms give a spa like feeling, and needs to be completed (fixtures, shower doors, counter tops installed in guest bathroom, and vanity with countertop installed in guest suite). This home was purchased by some investors after Hurricane Ian and have found themselves short on funds to complete the project. Roof was damaged from the storm. Past owners started the process, removed the old roof, and got it dried in, but new owners will need to finish the project. Trim work inside needs to be finishes, along with hanging closet doors, etc. Front porch staircase needs to be redone, deck railings and stairs off the back deck need to be added for safety. House also needs some soffit, siding, and gutter repairs. Pool deck needs some finishing touches, along with all new equipment. There are various other projects that need to be completed; however, a lot of the materials are on-site. Enjoy sunset views over Lake Murex from the deck, take a short walk to the beach, or relax in the pool. The elevated home offers plenty of garage space for cars, toys, and more. Sold AS/IS with the right to inspect— Power is not on.
MLS® Number2025010172
Laundry Level
Central VacNo
FireplaceNo
Acreage0.565
Exterior
GarageNo
Approx. Age1981
Basement
DrivewayUnderground, Attached Carport
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 20, 2025List Date
$699,000List Price
Dec 12, 2022End Date
$715,000Sold Price

Sold

Nov 15, 2022List Date
$727,000List Price

Home Appraisal

This property is estimated to sell between: $699,000 and $1,350,000.
Similar properties in this area sold on average for: $1,132,916
Expected to sell in 141 days. Similar properties sold in 222 days. This home has been on eXp Realty for 81 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
497 Lake Murex Cir, SANIBEL, FL

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