Turnkey Investment Opportunity with Gulf Water Views – Loggerhead Cay 363! Exceptional value and incredible rental potential await you in this beautifully updated third-floor condo with Gulf Water and courtyard views from one of Sanibel’s most desirable communities. Perfectly located on the east end, this light-filled 2-bedroom, 2-bath unit combines coastal charm, comfort, and proven rental success — the ideal blend of personal enjoyment and investment opportunity. Featuring two fully renovated bathrooms with luxury vinyl plank flooring, an updated kitchen, full-size washer and dryer, and refreshed carpet in the living and bedroom areas, this condo is move-in ready and sold fully furnished, turnkey. Step onto your screened lanai and enjoy the peaceful Gulf breezes and lush tropical landscaping. Additional features include impact-resistant windows and sliders, a private owner’s storage closet, assigned parking, and elevator access. Loggerhead Cay offers resort-style amenities — a large, heated pool, tennis and pickleball courts, shuffleboard, picnic areas, and 400 feet of direct beach access to Sanibel’s world-famous shelling beaches. This property checks every box — location, lifestyle, and income potential — an exceptional opportunity to own a turnkey, income-producing condo in paradise!
Sold for $665,000
$665,000
979 E Gulf Dr #C363, Sanibel, FL 33957
2beds
1,184sqft
Condominium
Built in 1975
-- sqft lot
$663,100 Zestimate®
$562/sqft
$2,447 Estimated rent
Home value
$663,100
$590,000 - $749,000
$2,447/mo
Zestimate® history
Owner options
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$5,475/mo
Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Dawn Marie Ramsey 239-233-2976,
Pfeifer Realty Group LLC,
Eric J Pfeifer 239-472-0004,
Pfeifer Realty Group LLC
Bought with:
Dawn Marie Ramsey, 3573365
Pfeifer Realty Group LLC
Source: Sanibel And Captiva Island AOR,MLS#: 2250951
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: DR/LR Combo, Kitchen
Primary bedroom
- Features: Carpet, Porch, Sitting Area, Tile
Heating
- Central
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Internet Ready, Microwave, Electric Range, Refrigerator-Ice maker, Washer, Water Heater
Features
- Storage, 8 Ft Ceilings, Elevator
- Flooring: Carpet, Tile
- Doors: Sliding Doors, Impact Resistant Doors
- Windows: Impact Resistant Windows, Shutters
- Has fireplace: No
Interior area
- Total structure area: 1,312
- Total interior livable area: 1,184 sqft
Property
Parking
- Parking features: Assigned, Guest, Open
Features
- Patio & porch: Screened, Porch
- Exterior features: Storage
- Pool features: Community
- Has view: Yes
- View description: Water, Lawn/Garden
- Has water view: Yes
- Water view: Water
- Waterfront features: Gulf
Details
- Parcel number: 304623T20070C3630
Construction
Type & style
- Home type: Condo
- Architectural style: Garden Apartment
- Property subtype: Condominium
Materials
- Stucco, CBS
Condition
- Year built: 1975
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s), None/Not Applicable
HOA
- Has HOA: Yes
- Amenities included: Cable TV, Clubhouse, Courtyard, Elevator(s), Barbecue, Pickleball, Pool, Shuffleboard Court, Tennis Court(s)
- Services included: Cable TV, Elevator, Exter Pest Control, Maintenance Structure, Insurance, Irrigation, Landscape/Lawn, Legal and Accounting, Manager, Pool Service, Recreation Facilities, Sewer, Trash, Water
- HOA fee: $1,100 monthly
- HOA phone: 239-472-1594
Location
- Region: Sanibel
Financial & listing details
- Price per square foot: $562/sqft
- Tax assessed value: $584,240
- Annual tax amount: $704
- Date on market: 10/13/2025
- Cumulative days on market: 63 days
- Listing terms: BTF/Cash
- Lease term: 1 WK 7 Day Min Rental,Weekly
Price history
| Date | Event | Price |
|---|---|---|
| 3/13/2026 | Listing removed | $3,100$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/9/2026 | Listed for rent | $3,100$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/29/2025 | Sold | $665,000-14.2%$562/sqft |
Source:  Sanibel And Captiva Island AOR #2250951 Report a problem | ||
| 11/24/2025 | Pending sale | $775,000$655/sqft |
Source:  Florida Gulf Coast MLS #2025011687 Report a problem | ||
| 11/24/2025 | Contingent | $775,000$655/sqft |
Source: Sanibel And Captiva Island AOR #2250951 Report a problem | ||
| 10/13/2025 | Listed for sale | $775,000$655/sqft |
Source: Florida Gulf Coast MLS #2025011687 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,249 +1071.9% | $584,240 +1104.8% |
| 2024 | $704 -43.9% | $48,494 -43.7% |
| 2023 | $1,254 -83.9% | $86,100 -83.7% |
| 2022 | $7,768 +13.4% | $528,710 +10% |
| 2021 | $6,850 -0.1% | $480,645 +1.2% |
| 2020 | $6,857 +3.1% | $474,810 +3.9% |
| 2019 | $6,653 | $457,045 -0.2% |
| 2018 | $6,653 -2.3% | $457,853 +0.4% |
| 2017 | $6,808 -1.9% | $456,238 +9.9% |
| 2016 | $6,943 +8% | $414,971 -0.2% |
| 2015 | $6,430 -2.8% | $415,600 +3.8% |
| 2014 | $6,615 +2.7% | $400,500 +2.3% |
| 2013 | $6,442 +5.1% | $391,668 -0.1% |
| 2012 | $6,131 +13% | $392,100 +20.2% |
| 2011 | $5,427 -11.3% | $326,300 -9.1% |
| 2010 | $6,121 -21.5% | $358,800 -31.2% |
| 2009 | $7,799 +26.3% | $521,240 +32.3% |
| 2008 | $6,175 -18.9% | $394,000 -18.6% |
| 2007 | $7,616 -11.7% | $484,000 -6.9% |
| 2006 | $8,628 +6.4% | $520,000 +19.5% |
| 2004 | $8,109 -1.2% | $435,000 -0.9% |
| 2003 | $8,206 +0% | $439,000 +2.1% |
| 2002 | $8,202 | $430,000 +31.9% |
| 2000 | -- | $326,000 |
Find assessor info on the county website
Neighborhood: 33957
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Nearby schools
GreatSchools rating
- 10/10The Sanibel SchoolGrades: PK-8Distance: 4.7 mi
- 5/10Cypress Lake High SchoolGrades: 9-12Distance: 11.2 mi
- 2/10South Fort Myers High SchoolGrades: 9-12Distance: 13.8 mi
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- Florida
- Lee County
- Sanibel
- 33957
- 979 E Gulf Dr Unit C363
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