For sale

$749,000

827 E Gulf Dr Unit L1, Sanibel, FL 33957

2beds

1,040sqft

$6,549/mo

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Condominium

Built in 1974

-- sqft lot

$502,600 Zestimate^®

$720/sqft

$1,618/mo HOA

What's special

Tennis courtsRenovated bedrooms

This stunning Gulf-view condo offers everything you need for a perfect coastal retreat or a solid investment. Featuring 2 beautifully renovated bedrooms and 2 baths, the condo exudes charm and comfort. Step outside and enjoy the gorgeous beach just moments away, or take advantage of the canal for some peaceful boating. The amenities are exceptional with a pool, tennis courts, and the opportunity for impressive rental income. With on-site rental management bringing in over $75,000 per year, the potential for return on investment is fantastic. Plus, Sanibel Arms West is about to open for rentals, offering even more opportunities to capitalize on this prime location. Don’t miss out on this incredible opportunity—whether you’re looking for a vacation home or a lucrative rental property, this condo checks all the boxes!

579 days

57

2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: DR/LR Combo, Kitchen

Heating

Central

Cooling

Central Air

Appliances

Included: Dishwasher, Internet Ready, Microwave, Electric Range, Refrigerator-Ice maker, Washer/Dryer Stacked, Water Heater

Features

Breakfast Bar, 8 Ft Ceilings
Flooring: Tile
Windows: Impact Resistant Windows
Has fireplace: No

Interior area

Total structure area: 1,260
Total interior livable area: 1,040 sqft

Property

Parking

Parking features: Open

Features

Patio & porch: Screened
Exterior features: Dock
Pool features: Community
Has view: Yes
View description: Part Gulf View
Has water view: Yes
Water view: Part Gulf View
Waterfront features: Gulf

Details

Parcel number: 294623T1005L00010
Other equipment: Irrigation Equipment

Construction

Type & style

Home type: Condo
Property subtype: Condominium

Materials

Condition

Const. Complete
Year built: 1974

Utilities & green energy

Sewer: Public Sewer
Water: Irrigation System

Community & HOA

Community

Security: Smoke Detector(s), See Remarks

HOA

Has HOA: Yes
Amenities included: Internet, Pool, Tennis Court(s)
Services included: Exter Pest Control, Maintenance Structure, Insurance, Pest Control, Internet, Irrigation, Landscape/Lawn, Legal and Accounting, Manager, Pool Service, Sewer, Trash, Water
HOA fee: $1,618 monthly

Location

Region: Sanibel

Financial & listing details

Price per square foot: $720/sqft
Tax assessed value: $419,102
Annual tax amount: $7,368
Date on market: 1/21/2025
Cumulative days on market: 580 days
Listing terms: BTF/Cash
Lease term: 1 WK 7 Day Min Rental,Weekly

Estimated market value

$502,600

$442,000 - $573,000

$2,010/mo

Price history

Date	Event	Price
1/21/2025	Listed for sale	$749,000-74.4%$720/sqft
Source: Sanibel And Captiva Island AOR #2250113 Report a problem
3/30/1999	Sold	$2,925,000+1025%$2,813/sqft
Source: Public Record Report a problem
10/6/1997	Sold	$260,000$250/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$907 -0.4%	$419,102 +564.2%
2024	$911 -50.5%	$63,101 -50.3%
2023	$1,841 -75%	$126,894 -74.7%
2022	$7,368 +13.4%	$501,474 +10%
2021	$6,498 -0.1%	$455,885 +1.2%
2020	$6,508 +3.1%	$450,585 +3.9%
2019	$6,313	$433,628 +3.9%
2018	$6,313 +1.7%	$417,478 -0.8%
2017	$6,209 +3%	$420,708 +7.3%
2016	$6,029 +7.8%	$392,172 +11.6%
2015	$5,594 +1.1%	$351,300 +2.2%
2014	$5,531 +7.6%	$343,800 +9.9%
2013	$5,141 +1.5%	$312,900 +1.2%
2012	$5,064 -18.9%	$309,100 -17.7%
2011	$6,242 -9.4%	$375,400 -7.1%
2010	$6,891 -3.9%	$404,100 -7.2%
2009	$7,174 -4.6%	$435,500 -9.3%
2008	$7,519 +8.6%	$480,000 +9.1%
2007	$6,925 -11.8%	$440,000 -7%
2006	$7,850 +6.6%	$473,000 +19.7%
2004	$7,365 +12.5%	$395,000 +12.9%
2003	$6,546 -2%	$350,000
2002	$6,680	$350,000 +23.7%
2000	--	$283,000