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Sold for $975,000
    • $975,000

    487 E Gulf DR, SANIBEL, FL 33957

    3beds
    2,244sqft
    Townhouse
    Built in 1982
    3,515 Square Feet Lot
    $961,700 Zestimate®
    $434/sqft
    $4,843 Estimated rent

    Home value

    $961,700

    $846,000 - $1.09M

    $4,843/mo

    Zestimate® history
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    What's special

    Gulf frontageNew poolPrivate elevatorFloor-to-ceiling windowsDramatic great roomStone floorsElectric shutters
    EXCEPTIONAL PROPERTY PRICED TO SELL - GULF FRONTAGE TOWNHOUSE WITH PRIVATE ELEVATOR! This 2-story, 2244 sq ft townhouse is set in a unique year-round private residential community—no rentals allowed—offering unmatched tranquility and exclusivity. Situated directly ON THE BEACH with 250 feet of pristine GULF FRONTAGE, it features BRAND-NEW IMPACT WINDOWS, a private elevator opening to a dramatic great room with stone floors, soaring 2-story coral walls, and a fireplace. The interior is free from hurricane damage or water intrusion, and a new pool is scheduled for completion this fall. Floor-to-ceiling windows fill the home with natural light, complemented by electric shutters for convenience and privacy. Enjoy a chef’s kitchen with generous space for both cooking and dining, a primary suite with deck access, and a spacious 2-car garage with extra storage. A new pool will be completed this fall. This is the perfect property to embrace the coastal lifestyle at an unbeatable value! THIS PROPERTY QUALIFIES FOR A 1% LENDER INCENTIVE IF USING PREFERRED LENDER, INQUIRE FOR MORE DETAILS**. Renderings that showcase furniture have been virtually staged.

    Zillow last checked:

    Listing updated:

    Listed by:

    Claire Gogan 239-323-4603,

    EXP Realty LLC,

    Jackie LaVallee 617-792-4323,

    EXP Realty LLC

    Bought with:

    Mario Furillo

    EXP Realty LLC

    Source: SWFLMLS,MLS#: 225065528MLS LogoOriginating MLS: Naples

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Great Room, Guest Bath, Guest Room, Loft, Open Porch/Lanai, 3 Bed
    Bedroom
    • Features: Master BR Upstairs
    Dining room
    • Features: Breakfast Bar, Dining - Family
    Kitchen
    • Features: Pantry
    Heating
    • Central
    Cooling
    • Ceiling Fan(s), Central Air
    Appliances
    • Included: Gas Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator/Freezer, Self Cleaning Oven, Oven, Washer
    • Laundry: Inside
    Features
    • Built-In Cabinets, Cathedral Ceiling(s), Closet Cabinets, Fireplace, Foyer, Smoke Detectors, Wired for Sound, Walk-In Closet(s), Window Coverings, Great Room, Guest Bath, Guest Room, Laundry in Residence, Loft, Open Porch/Lanai
    • Flooring: Carpet
    • Windows: Window Coverings, Impact Resistant Windows, Shutters Electric
    • Has fireplace: Yes
    Interior area
    • Total structure area: 2,947
    • Total interior livable area: 2,244 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Covered, Attached
    • Attached garage spaces: 2
    Features
    • Levels: Multi/Split
    • Stories: 3
    • Patio & porch: Deck, Open Porch/Lanai
    • Exterior features: Storage
    • Pool features: Community
    • Spa features: Bath
    • Has view: Yes
    • View description: Gulf, Landscaped Area, Partial Buildings, Pool/Club, Water
    • Has water view: Yes
    • Water view: Gulf,Water
    • Waterfront features: Gulf Frontage, On the Gulf Beach
    Lot
    • Size: 3,515 Square Feet
    • Features: Across From Beach Access
    Details
    • Additional structures: Storage
    • Parcel number: 204623T303100.4870

    Construction

    Type & style
    • Home type: Townhouse
    • Property subtype: Townhouse
    Materials
    • Block, Frame, Stucco
    • Foundation: Concrete Block
    • Roof: Built-Up,Rolled/Hot Mop
    Condition
    • New construction: No
    • Year built: 1982

    Utilities & green energy

    • Water: Central

    Community & HOA

    Community
    • Features: Pool, Non-Gated
    • Security: Security System, Smoke Detector(s)
    • Subdivision: TIGUA CAY CONDO
    HOA
    • Has HOA: Yes
    • Amenities included: Beach Access, Bike Storage, Pool, Storage, Internet Access, Underground Utility
    • HOA fee: $32,000 annually
    Location
    • Region: Sanibel

    Financial & listing details

    • Price per square foot: $434/sqft
    • Tax assessed value: $745,714
    • Annual tax amount: $11,081
    • Date on market: 8/14/2025
    • Lease term: Buyer Finance/Cash
    • Contingency: Inspection
    • Road surface type: Paved

    Price history

    DateEventPrice
    9/23/2025Sold$975,000-2.5%$434/sqft
    Source: SWFLMLS #225065528 Report a problem
    9/8/2025Pending sale$999,900$446/sqft
    Source: SWFLMLS #225065528 Report a problem
    8/14/2025Listed for sale$999,900-16.7%$446/sqft
    Source: SWFLMLS #225065528 Report a problem
    7/1/2025Listing removed$1,200,000$535/sqft
    Source: SWFLMLS #224086579 Report a problem
    5/6/2025Price change$1,200,000-19.9%$535/sqft
    Source: SWFLMLS #224086579 Report a problem
    3/20/2025Price change$1,499,000-21.1%$668/sqft
    Source: SWFLMLS #224086579 Report a problem
    1/16/2025Price change$1,898,9000%$846/sqft
    Source: SWFLMLS #224086579 Report a problem
    11/8/2024Listed for sale$1,899,000$846/sqft
    Source: SWFLMLS #224086579 Report a problem
    9/27/2024Listing removed$1,899,000$846/sqft
    Source: SWFLMLS #224077101 Report a problem
    9/26/2024Listed for sale$1,899,000-2.6%$846/sqft
    Source: SWFLMLS #224077101 Report a problem
    5/24/2024Listing removed$1,950,000$869/sqft
    Source: SWFLMLS #222067191 Report a problem
    5/21/2024Price change$1,950,000-7.1%$869/sqft
    Source: SWFLMLS #222067191 Report a problem
    4/1/2024Price change$2,100,000-6.6%$936/sqft
    Source: SWFLMLS #222067191 Report a problem
    3/17/2023Price change$2,249,000-18.2%$1,002/sqft
    Source: Florida Gulf Coast MLS #222067191 Report a problem
    1/24/2023Price change$2,750,000-12.7%$1,225/sqft
    Source: Florida Gulf Coast MLS #222067191 Report a problem
    11/14/2022Price change$3,149,000-7.4%$1,403/sqft
    Source: Florida Gulf Coast MLS #222067191 Report a problem
    10/17/2022Listed for sale$3,400,000$1,515/sqft
    Source: Florida Gulf Coast MLS #222067191 Report a problem
    9/11/2022Listing removed--
    Source: Florida Gulf Coast MLS #222067191 Report a problem
    9/7/2022Listed for sale$3,400,000+112.5%$1,515/sqft
    Source: Florida Gulf Coast MLS #222067191 Report a problem
    5/11/2017Sold$1,600,000$713/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$11,068 -0.1%$745,714
    2024$11,082 -49.7%$745,714 -50.4%
    2023$22,015 +25%$1,503,655 +15.9%
    2022$17,618 -0.9%$1,297,102 +3%
    2021$17,783 +0.3%$1,259,322 +1.4%
    2020$17,736 -9.6%$1,241,935 -6.6%
    2019$19,626 $1,329,145 -10.9%
    2018$19,626 -12.5%$1,491,453 -1.9%
    2017$22,441 -4%$1,520,523 +6.5%
    2016$23,386 +6.4%$1,427,826 +13.7%
    2015$21,980 +8.6%$1,256,100 -5.8%
    2014$20,247 -2%$1,333,400 +21%
    2013$20,656 +1.7%$1,101,780 -10%
    2012$20,308 +10.8%$1,224,200 +12.7%
    2011$18,326 -0.6%$1,086,600 -2.2%
    2010$18,433 +20.2%$1,110,800 +19.1%
    2009$15,339 -22.2%$932,280 -26%
    2008$19,714 -6.4%$1,260,000 -6%
    2007$21,061 +109.4%$1,340,000 +121.1%
    2006$10,060 -57.6%$606,000 -52.5%
    2004$23,742 +58.8%$1,275,000 +59.4%
    2003$14,955 -2%$800,000
    2002$15,255 $800,000 +10.3%
    2000-- $725,000
    Find assessor info on the county website

    Neighborhood: 33957

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: THE SANIBEL SCHOOL
    • Middle: CYPRESS LAKE HIGH SCHOOL
    • High: SOUTH FORT MYERS HIGH SCHOOL

    Source: SWFLMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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