Skip To Content

497 Lake Murex Circle

Sanibel, FL 33957
  • $699,000
  • STATUS: Active
  • ON SITE: 78 Days
  • ID#: 2025010172
Foreclosure
UPDATED: 52 min ago
$699,000
  • 4
    BEDS
  • 0.56
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,140
    SQFT
  • $327
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1981
County:
Lee

School Ratings & Info

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.

Monthly Payment Calculator



© 2025 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Paradise Coast R.E. Group | Realty One Group MVP. Data last updated 2025-12-08T14:23:51.673.
www.paradisecoastregroup.com/homes/168107288
Print Image

497 Lake Murex Circle Sanibel, FL 33957

  • Price: $699,000
  • Status: Active
  • On Site: 78 Days
  • Updated: 52 min ago
  • ID#: 2025010172
4
Beds
3
Baths
0
½ Baths
0.56
Acres
2,140
SQFT
$327
$/SQFT
1981
Built
Neighborhood:
Lake Murex
County:
Lee
Area:
Si01 - Sanibel Island
Property 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.
Exterior Features

Architectural Style See Remarks Stilt Carport Spaces 4 Carport YN Yes Construction Materials Wood Siding Wood Frame Covered Spaces 4 Direction Faces South Entry Level 1 Exterior Features None Foundation Details Pillar / Post / Pier Garage YN No Parking Features Underground Attached Carport Pool Features In Ground Pool Private YN Yes Roof Metal Spa YN No View Lake View YN Yes

Interior Features

Cooling None Cooling YN No Flooring Tile Furnished Unfurnished Heating Central Electric Heating YN Yes Interior Features Built-in Features Bedroom on Main Level Other See Remarks Room Type None Great Room Window Features Other

Property Features

Association Amenities None Association Fee 0 Association Fee Includes Cable TV Association Fee2 0 Association Fee3 0 Association YN No Building Area Total 2841 Community Features Non- Gated Development Name LAKE MUREX Gulf Access YN False Irrigation Source None Land Lease Amount 0 Listing Terms Cash Lot Features Other Ownership Single Family Pets Allowed Yes Possession Close Of Escrow Potential Short Sale YN No Property Condition Resale Property Sub Type Single Family Residence Property Sub Type Additional Single Family Residence Restrictions No Restrictions Security Features None Senior Community YN No Sewer Assessment Paid Special Listing Conditions In Foreclosure Tax Annual Amount 14806.46 Tax Year 2024 Unit Location 1 Utilities Cable Available Water Access Description None Water Source Assessment Paid Waterfront Features Lake Waterfront YN Yes

Listing courtesy of EXP Realty LLC.


© 2025 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Paradise Coast R.E. Group | Realty One Group MVP. Data last updated 2025-12-08T14:23:51.673.
 
Logo
Paradise Coast R.E. Group | Realty One Group MVP
1495 Pine Ridge Road Ste 1
Naples FL, 34109