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Offered at $599,000Active
beds
3
baths
3
sq ft
2,140
Built
1981

497 Lake Murex Circle

Sanibel, FL 33957

About this home

INCREDIBLE SANIBEL ISLAND OPPORTUNITY! Bring your imagination and finish what has already been started! This spacious 3-bedroom, 3-bath home with a 2-car garage and pool is located within walking distance of the beautiful Sanibel beaches and offers tremendous potential. A major renovation was started but not completed, giving the next owner the opportunity to finish the home to their own taste and vision. Significant improvements already in place include a NEW ROOF, NEW WINDOWS AND SLIDING GLASS DOORS, large-format tile flooring, a contemporary kitchen renovation in progress, and beautifully updated baths featuring impressive floor-to-ceiling tile work. The open interior design features vaulted ceilings, abundant windows and sliding doors, and plenty of natural light. Enjoy peaceful WATER VIEWS from the home and expansive outdoor areas. The elevated design provides a large amount of space below and the property offers TONS OF ROOM AND POTENTIAL FOR EXPANSION, outdoor living and entertaining. With many of the major improvements already started, this is a unique opportunity to complete a custom Sanibel Island home exactly the way you want it. Pool, water views, garage, spacious homesite and a location within walking distance of SANIBEL BEACH—bring your contractor, your plans and your imagination!

Listing last checked: Listing updated:

Listed by Robert Hagmann · West Islands Realty Inc · MLS #2026037742

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Details at a glance

Interior3 property facts
Heating
Central, Electric
Cooling
Central Air, Electric, Wall Unit(s)
Flooring
Other
Building5 property facts
Style
Single Family Residence
Year built
1981
Garage
2
Foundation
Pillar/Post/Pier, Raised
Roof
Shingle
Land & utilities4 property facts
Lot size
0.565 acres
Water
Public
Sewer
Public Sewer
Waterfront
Y
Financial3 property facts
Annual taxes
$7,759
Assessment year
2025
HOA fee
$100 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $599,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$3,675 / monthAdjust
Principal & interest
$3,029
Property tax
$647
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $7,759. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $100. The billing period was not supplied; confirm the monthly amount before adding it.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

Price and status timeline

  1. Ter

    $599,000 · Jan 9, 2026

  2. Sld

    $727,000 · Sold $715,000 · Nov 15, 2022

More property insights

Comparable properties 3 supplied

Sold Aug 27, 2026

$630,000

12351 Kelly Sands Way

Sold Jun 18, 2026

$640,000

2909 SW 38th Terrace

Sold Jul 7, 2026

$599,000

3022 SW 28th Avenue

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About 497 Lake Murex Circle

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Request a tour of 497 Lake Murex Circle and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.