Attention Investors — Collect Rental Income From Day One This fully furnished 3-bedroom, 2-bathroom property is a rare opportunity for investors seeking immediate cash flow and long-term potential. Fully rented and income-producing, it offers a turnkey investment with low-maintenance ownership and affordable flood insurance costs. Whether you’re looking to expand your investment portfolio or secure your future island retreat, this property lets you generate rental income now while keeping the option to enjoy island living later—part-time or full-time. Property Highlights: • Fully furnished• Fully rented with immediate rental income• Turnkey, low-maintenance investment• Low flood insurance costs• Strong income-producing opportunity• Potential future island home or vacation getaway Don’t miss this opportunity to own an investment property that works for you from day one. Contact us today for additional details or to schedule a showing.
For sale
$825,000
785 Rabbit Rd, Sanibel, FL 33957
3beds
2,300sqft
Single Family Residence
Built in 1987
0.38 Acres Lot
$760,700 Zestimate®
$359/sqft
$-- HOA
What's special
Fully furnished
- 64 days |
- 367 |
- 23 |
Zillow last checked:
Listing updated:
Listed by:
Tony Dibiase 239-839-4987,
John R. Wood Properties
Source: Sanibel And Captiva Island AOR,MLS#: 2260375
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Den, Family Room, Kitchen, Living Room
Heating
- Central
Cooling
- Ceiling Fan(s), Central Air, See Remarks, Zoned
Appliances
- Included: Cooktop, Dishwasher, Disposal, Dryer, Freezer, Internet Ready, Microwave, Pot Filler, Electric Range, Refrigerator-Ice maker, Washer, Water Heater, See Remarks
Features
- Eat-in Kitchen, Storage, Cathedral Ceiling(s)
- Flooring: Tile
- Doors: Impact Resistant Doors
- Windows: Impact Resistant Windows
- Has fireplace: Yes
Interior area
- Total structure area: 3,054
- Total interior livable area: 2,300 sqft
Property
Parking
- Total spaces: 2
- Parking features: Double Garage, See Remarks
- Garage spaces: 2
Features
- Patio & porch: Patio
- Exterior features: Storage
- Has view: Yes
- View description: River
- Has water view: Yes
- Water view: River
- Waterfront features: River Front, River, Near Beach
- Frontage length: 10
Lot
- Size: 0.38 Acres
Details
- Parcel number: 284622T2000051010
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Hard-l-Board
- Foundation: Raised, Piling Wood
- Roof: Metal
Condition
- Year built: 1987
Utilities & green energy
- Sewer: Assessment Paid
- Water: Assessment Paid
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Sanibel Hamlet
HOA
- Has HOA: No
Location
- Region: Sanibel
Financial & listing details
- Price per square foot: $359/sqft
- Tax assessed value: $639,984
- Annual tax amount: $8,524
- Date on market: 4/10/2026
- Cumulative days on market: 64 days
- Listing terms: BTF/Cash,Consider Exchange
Estimated market value
$760,700
$723,000 - $799,000
$3,947/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/10/2026 | Listed for sale | $825,000-2.8%$359/sqft |
Source:  Florida Gulf Coast MLS #2026010789 Report a problem | ||
| 2/2/2026 | Listing removed | $849,000$369/sqft |
Source: Florida Gulf Coast MLS #2025018194 Report a problem | ||
| 11/17/2025 | Listing removed | $9,000$4/sqft |
Source: Florida Gulf Coast MLS #225033078 Report a problem | ||
| 11/2/2025 | Listed for sale | $849,000-4.6%$369/sqft |
Source: Florida Gulf Coast MLS #2025018194 Report a problem | ||
| 10/17/2025 | Price change | $9,000+100%$4/sqft |
Source: Florida Gulf Coast MLS #225033078 Report a problem | ||
| 8/11/2025 | Listing removed | $890,000$387/sqft |
Source: Florida Gulf Coast MLS #225053258 Report a problem | ||
| 8/1/2025 | Price change | $4,500-10%$2/sqft |
Source: Florida Gulf Coast MLS #225033078 Report a problem | ||
| 6/5/2025 | Listed for sale | $890,000$387/sqft |
Source:  SWFLMLS #225053258 Report a problem | ||
| 4/30/2025 | Listing removed | $890,000$387/sqft |
Source: SWFLMLS #225010301 Report a problem | ||
| 3/30/2025 | Listed for rent | $5,000+1401.5%$2/sqft |
Source: Florida Gulf Coast MLS #225033078 Report a problem | ||
| 3/21/2025 | Price change | $890,000-1.1%$387/sqft |
Source:  Sanibel And Captiva Island AOR #2250267 Report a problem | ||
| 2/5/2025 | Listed for sale | $900,000-5.2%$391/sqft |
Source: SWFLMLS #225010301 Report a problem | ||
| 9/16/2024 | Listing removed | $333 |
Source: Zillow Rentals Report a problem | ||
| 6/25/2024 | Listing removed | -- |
Source: SWFLMLS #224044607 Report a problem | ||
| 5/20/2024 | Listed for sale | $949,000+183.3%$413/sqft |
Source: SWFLMLS #224044607 Report a problem | ||
| 2/17/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/15/2024 | Price change | $333-96.7% |
Source: Zillow Rentals Report a problem | ||
| 1/16/2024 | Listed for rent | $10,000+66.7%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/28/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 9/9/2022 | Price change | $6,000+2300%$3/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/4/2022 | Price change | $250-95.8% |
Source: Zillow Rental Manager Report a problem | ||
| 3/27/2022 | Price change | $6,000+20%$3/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/2/2022 | Listed for rent | $5,000$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 8/2/2019 | Sold | $335,000+41.5%$146/sqft |
Source: Florida Gulf Coast MLS #219027684 Report a problem | ||
| 8/10/2016 | Sold | $236,745+52.7%$103/sqft |
Source: Public Record Report a problem | ||
| 12/21/1999 | Sold | $155,000$67/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,524 +18.1% | $519,780 +10% |
| 2024 | $7,216 -26% | $472,527 -11% |
| 2023 | $9,752 +23.2% | $530,862 +10% |
| 2022 | $7,913 +19.9% | $482,602 +10% |
| 2021 | $6,599 +3.6% | $438,729 +4.9% |
| 2020 | $6,370 +6.6% | $418,282 -1.3% |
| 2019 | $5,977 | $423,944 -1.1% |
| 2018 | $5,977 -9.5% | $428,774 -0.4% |
| 2017 | $6,608 -2.3% | $430,403 +10.1% |
| 2016 | $6,762 +106.1% | $390,778 +0.9% |
| 2015 | $3,281 -1.2% | $387,305 +1.4% |
| 2014 | $3,321 +0.2% | $381,801 +21.6% |
| 2013 | $3,313 +1.8% | $313,905 -4.4% |
| 2012 | $3,255 +1.2% | $328,482 +0.7% |
| 2011 | $3,215 -0.8% | $326,143 -0.4% |
| 2010 | $3,242 +16.5% | $327,479 -10.7% |
| 2009 | $2,784 +0% | $366,750 -21.5% |
| 2007 | $2,783 -2.1% | $467,330 +46.2% |
| 2006 | $2,844 -3.9% | $319,650 +35.6% |
| 2004 | $2,958 +1.4% | $235,660 +3.8% |
| 2003 | $2,917 +0.7% | $227,020 +5.8% |
| 2002 | $2,898 | $214,630 +48.9% |
| 2000 | -- | $144,110 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 33957
Nearby schools
GreatSchools rating
- 9/10The Sanibel SchoolGrades: PK-8Distance: 0.7 mi
- 5/10Cypress Lake High SchoolGrades: 9-12Distance: 14.6 mi
- 2/10South Fort Myers High SchoolGrades: 9-12Distance: 17.5 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Lee County
- Sanibel
- 33957
- 785 Rabbit Rd
Nearby cities
Nearby zip codes
Other Sanibel Topics
