84 Cardinal Drive $495,000

RARE INVESTMENT/DEVELOPMENT OPPORTUNITY | HOME/DOUBLE LOT/LAND Welcome to "The Brilliant Pearl Luxe" Please refer to the airbnb listing (google The Brilliant Pearl Luxe) page for historical reference/photos of the condition of the home pre-Helene. This home is currently gutted on the 1st floor to the studs/block 4' High. The 2nd floor still fully renovated. After hurricane Helene, the property received a "Substantial Damage Letter" from the county(attached), preventing the home to be repaired to code compliance as its sits on its current elevation(see attachment). In addition, the property is now considered an SRL(Severe Repetitive Loss) by FEMA until its either elevated, rebuilt from the 2nd floor up, or demolished & a new home on some form of stilts would be built. Currently the flood insurance is an NFIP policy. The home has been well maintained throughout & remediated of any potential mold. The DOUBLE lot is fully developed & has over $200k in exterior upgrades including the exotic landscaping, landscape lighting front & back, new boat dock, new boat lift, new 30' outdoor kitchen with fireplace & paradise grill appliances, new 20x10 automated pergola, new pool, RV parking on an additional oversized driveway with electrical & water hookups, lifeguard clubhouse w/shed, new pavers front & back & a new fence around the perimeter of the home. All of this is well maintained weekly. With the home itself there are beautiful new bahama shutters on every window, 2 new AC's, all new hurricane impact windows and sliders plus automated shades for the oversized canal facing slider windows. All of this can be salvaged if decided to be elevated or rebuilt. The lot was just recently appraised for the land value alone & that is available upon request. The lot has 108' of canal waterfront and the lot is a quick turn to the Caloosahatchee River near the river district and making for easy and fast gulf access. This home was a luxury airbnb with a track record of producing $600-$1000/per night. We can provide then financial worksheet on the airbnb if requested. This is an opportunity listed at a price to sell fast as they want to close on this as soon as possible to clear the mortgage. The home was completely renovated after Ian & had a valuation of $1.3m+ at the time it was finished. If someone were to buy this home and simply repair it, please understand the county will not permit you and you would be doing so at your own risk. Either way this is a very favorable opportunity for one lucky buyer who will be getting a fully renovated and updated lot with all the amenities described, allowing for a tremendous head start to someone wanting to elevate the home or rebuild a new home on the lot. Please have agent share the documents regarding code compliance, SRL determination, and the substantial damage letter for your review. We can answer any questions you may have so please schedule a showing today and feel free to call me. All offers will be considered.

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