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This is a fabulous opportunity to create your own design in this top floor unit with beautiful causeway and bay views. This unit has had all necessary drywall replaced and and is in the process of completion for return to the owners. Building 1 is anticipated to be the first of the 4 buildings at Punta Rassa being returned to the owners after the Hurricane Ian remediation and rebuild and the only building at Punta Rassa permitting showings at this time. This unit has an assigned under building parking place and it is anticipated that this will building will incur the least costs associated with assessments. The initial $45K special assessment has already been paid by the Seller. This unit features impact glass throughout and a new HVAC system. The building will enjoy a new roof, elevators, paint, electrical room, storage units and more. Building 1 is conveniently located next to the swimming pool, hot tub, cabana and office. The Association and its committees are actively working on plans and updates, community common areas, amenities and features as we continue the rebuild process at Punta Rassa. This is an excellent time to get in and begin planning your custom interiors. Occupancy expected 4th quarter 2024. Punta Rassa is located just before the Sanibel Causeway, direct Bayfront. The property is adjacent to the Sanibel Harbour Yacht Club, Sanibel Harbour Marriott Resort and Spa and Bimini Bait Shack Restaurant.