- This was taken from the Colony Resort tropical courtyard looking up to the balcony of Unit #47
The Colony Resort #47, aka Colonnades, at 429 East Gulf Drive
Sanibel’s Most Affordable Gulf-Side Condo Complex
This Condo is the Least-Expensive on Sanibel Island
- Aerial view of Colony Resort/Colonnades from East Gulf Drive looking to the gulf
Conveniently located on the east-end of Sanibel Island, The Colony Resort, aka Colonnades, is in an area designated by Sanibel’s Land Development Code as “a resort-housing district”. Because of this unique designation, it is one of the few complexes on the island where daily rentals are allowed through the on-site rental and management office.
- One of the nearby walkways to the Gulf of Mexico beach
Its East Gulf Drive location, right on the bike path, is very close to the historical end of the island where the ferry used to arrive (pre-bridge). Known as Olde Sanibel, this area also has several shops and The Lighthouse Cafe, plus Pinocchio’s Ice Cream shop which features a special flavor called “Sanibel Krunch” with internationally recognition. The renown Sanibel Lighthouse with adjoining public fishing pier are nearby too.
- Pool at The Colony Resort/aka Colonnades
The Colony Resort amenities include a heated pool, a roof-top sundeck, picnic and BBQ areas, laundries, a recently-remodeled on-site rental office, and nearby access paths to the Gulf of Mexico beach. Built in 1968, this complex has 36 units.
Unit #47 on the 2nd floor in the building closest to the beach boardwalk on East Gulf Drive, has the added benefit of being tucked in the corner where the building juts out giving its screened balcony extra privacy. It has a well-equipped updated white kitchen, a full bath, a large bedroom with 2 full-sized beds (which helps with the rentals), and a combo dining/living room with sliders to the screened balcony which overlooks palms and tropical greenery. On a breezy day, you can hear the gulf!
- Balcony view from Colony Resort #47
The daily rental rates for double occupancy range from $125/nite in the off-season to $195/nite in high season. The best income year in this condo was 2005 when it grossed $16,746. Own a piece of Sanibel with renters helping to pay the way!
$149,000 furnished.
Click here for streaming video!
Click here for the website for the on-site rental office.
Listed by Susan Andrews, Realtor, Broker/Owner of SanibelSusan Realty Associates, this information is deemed reliable but not guaranteed.
For more info, contact Susan at Susan@SanibelSusan.com or 888-603-0603, Ext 1.
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