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Off market
  • $1,225,500

    2949 W Gulf Dr Unit 101, Sanibel, FL 33957

    3beds
    1,536sqft
    Condo
    Built in 1978
    -- sqft lot
    $1,225,500 Zestimate®
    $798/sqft
    $4,653 Estimated rent

    Home value

    $1,225,500

    $1.05M - $1.42M

    $4,653/mo

    Zestimate® history
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    $4,653/mo

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    Rent Zestimate®

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    $11,506/mo

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    $11,506/mo

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    What's special

    Blue Gulf is a hidden oasis on West Gulf Drive where your closest neighbors are the blue herons and your welcome mat is made up of the shells and sand. The building is set forward so that views of the sea oats, beach and waves surround you. A glass-enclosed lanai offers the flexibility of being opened to enjoy the sound of waves or closed to offer year-round functionality. This corner unit has a remodeled kitchen and expanded master bath, three full bedrooms, abundant natural light from windows on three sides and a large sunroom lanai that functions as additional living space. For the investment minded buyer, this unit is a popular and profitable rental property. The current owners rent weekly and have easily carried over $80k in 2017 even with eight weeks owner usage including multiple weeks in high season. Rental estimates concur this unit could produce over $100k with less owner usage. Blue Gulf has the added benefit of being pet-friendly as well so owners can have big dogs or even two dogs. Assigned parking in the building and a private oversized storage room big enough to accommodate bikes and kayaks round out this property offering.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Features
    • Flooring: Tile, Carpet
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,536 sqft

    Property

    Parking
    • Total spaces: 1
    Features
    • Exterior features: Stucco
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 3,269 Square Feet
    Details
    • Parcel number: 344622T2017001010

    Construction

    Type & style
    • Home type: Condo
    Condition
    • Year built: 1978

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $3,526 monthly
    Location
    • Region: Sanibel

    Financial & listing details

    • Price per square foot: $798/sqft
    • Tax assessed value: $674,714
    • Annual tax amount: $9,524

    Price history

    DateEventPrice
    4/30/2018Sold$1,345,000-5.3%$876/sqft
    Source: Florida Gulf Coast MLS #218012023 Report a problem
    3/5/2018Pending sale$1,420,000$924/sqft
    Source: Premier Sotheby's International Realty #218012023 Report a problem
    2/14/2018Listed for sale$1,420,000+34%$924/sqft
    Source: Premier Sotheby's Int'l Realty #218012023 Report a problem
    3/26/2007Sold$1,060,000$690/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,524 -0.4%$674,714
    2024$9,565 -33.2%$674,714 -32.2%
    2023$14,320 -9.1%$995,122 -7.3%
    2022$15,761 +13.4%$1,073,771 +10%
    2021$13,896 -0.4%$976,155 +0.9%
    2020$13,953 +3.1%$967,385 +3.9%
    2019$13,537 $931,048 -0.2%
    2018$13,537 -0.9%$932,663 -5%
    2017$13,657 +0.4%$981,920 +8.8%
    2016$13,606 +7.2%$902,520 +21.4%
    2015$12,690 +12.2%$743,300 +19.6%
    2014$11,307 +13.2%$621,300 +1.3%
    2013$9,990 +8.1%$613,300 +8.6%
    2012$9,244 -7.6%$564,600 -6.3%
    2011$10,009 -5.5%$602,400 -3.1%
    2010$10,591 +0.6%$621,600 -2.8%
    2009$10,526 -16.1%$639,510 -20.3%
    2008$12,552 -11.3%$802,000 -10.9%
    2007$14,147 -8.9%$900,000 -3.9%
    2006$15,534 +28.3%$937,000 +44.2%
    2004$12,109 +29.6%$650,000 +30%
    2003$9,344 -2%$500,000
    2002$9,535 $500,000 +33.3%
    2000-- $375,000
    Find assessor info on the county website

    Neighborhood: 33957

    Nearby schools

    GreatSchools rating
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    $1,225,500
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    With Zillow Showcase(estimated)
    $1,250,010