Sold for $987,500

$987,500

440 E Gulf Dr, Sanibel, FL 33957

3beds

1,867sqft

Single Family Residence

Built in 1956

0.43 Acres Lot

$871,700 Zestimate^®

$529/sqft

$5,992 Estimated rent

Home value

$871,700

$715,000 - $1.05M

$5,992/mo

Zestimate^® history

Owner options

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$5,992/mo

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$5,992/mo

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$6,516/mo

Est. payment

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$6,516/mo

Est. payment

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What's special

Detached double garageLarge pool

A rare opportunity to purchase a sought after location on the quaint east end of Sanibel Island. This large parcel of land is located on the corner of East Gulf and Glory Circle and tucked away from traffic, offering a two minute walk to the gulf beach, partial views of the sparkling gulf and large pool. Priced at land value, the 3 bedroom, 2 bath island cottage could be restored to it's former charm or removed and build your dream home on a spacious, dream lot. An elevated home would have phenominal views of the Gulf. There's a reason this cottage and property were chosen to build on back in 1956 and that is because there is not a better location on the island. One of the few remaining "Old Sanibel" cottages. There is also a separate, detached double garage, large enough for a 25' boat and vehicle. Being sold As-Is.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: DR/LR Combo, Kitchen, Living Room, Workshop, Great Room

Primary bedroom

Features: Sitting Area

Primary bathroom

Features: Dbl Sinks

Heating

See Remarks

Cooling

See Remarks

Appliances

Included: See Remarks

Features

Vaulted Ceiling(s)
Flooring: See Remarks
Doors: See Remarks
Windows: See Remarks
Has fireplace: No

Interior area

Total structure area: 4,275
Total interior livable area: 1,867 sqft

Property

Parking

Total spaces: 2
Parking features: Double Garage, See Remarks
Garage spaces: 2

Features

Patio & porch: Open Porch
Exterior features: Storage
Has private pool: Yes
Pool features: In Ground, Fenced, Private
Has view: Yes
View description: Part Gulf View
Has water view: Yes
Water view: Part Gulf View
Waterfront features: None/Not Applicable, Near Beach
Frontage length: 105

Lot

Size: 0.43 Acres
Features: Corner Lot

Details

Parcel number: 204623T3018060020

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Wood Siding
Foundation: Partially Elevated
Roof: Fiberglass,Metal

Condition

Year built: 1956

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: See Remarks
Subdivision: Sanibel Estates

HOA

Has HOA: Yes
HOA fee: $50 annually

Location

Region: Sanibel

Financial & listing details

Price per square foot: $529/sqft
Tax assessed value: $631,971
Annual tax amount: $8,445
Date on market: 12/29/2023
Cumulative days on market: 126 days
Listing terms: BTF/Cash
Lease term: Month To Month

Price history

Date	Event	Price
5/6/2024	Sold	$987,500-14.1%$529/sqft
Source: Sanibel And Captiva Island AOR #2231183 Report a problem
4/1/2024	Pending sale	$1,150,000$616/sqft
Source: Sanibel And Captiva Island AOR #2231183 Report a problem
12/29/2023	Listed for sale	$1,150,000-8%$616/sqft
Source: Sanibel And Captiva Island AOR #2231183 Report a problem
5/9/2023	Listing removed	--
Source: Sanibel And Captiva Island AOR #2220672 Report a problem
1/28/2023	Price change	$1,250,000-16.4%$670/sqft
Source: Sanibel And Captiva Island AOR #2220672 Report a problem
11/4/2022	Listed for sale	$1,495,000+74.9%$801/sqft
Source: Sanibel And Captiva Island AOR #2220672 Report a problem
5/11/2012	Sold	$855,000$458/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,903 +6.6%	$631,971 +0.6%
2024	$8,349 -2.8%	$628,217 +3%
2023	$8,586 +2.4%	$609,919 -1.7%
2022	$8,388 -0.7%	$620,711 +3%
2021	$8,445 +0.5%	$602,632 +1.4%
2020	$8,406 -3.1%	$594,312 -2.5%
2019	$8,674	$609,655 -1.3%
2018	$8,674 -3.3%	$617,734 +0.7%
2017	$8,968 -1.4%	$613,515 +2.1%
2016	$9,099 +0.4%	$600,896 -5.2%
2015	$9,058 -12.6%	$634,103 +6.2%
2014	$10,364 +4.9%	$597,202 +6.9%
2013	$9,877 +15.2%	$558,595 +3.1%
2012	$8,574 -12.2%	$541,627 -5.9%
2011	$9,760 -1.2%	$575,377 +1.2%
2010	$9,881 -3.6%	$568,702 -9.5%
2009	$10,254 -1.6%	$628,140 -6.3%
2008	$10,424 -1.7%	$670,070 +0.6%
2007	$10,602 -5.9%	$666,070 +2.6%
2006	$11,271 -3.8%	$649,450 +7.8%
2004	$11,718 +30.2%	$602,230 +32.5%
2003	$8,999 +73.5%	$454,420 +67.7%
2002	$5,187	$270,950 +21.5%
2000	--	$223,040