Sold Jul 24, 2026
$700,000About this home
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!
Listing last checked: Listing updated:
Listed by Rose Dakos · Royal Shell Real Estate, Inc. · MLS #225008077
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Details at a glance
Interior4 property facts
- Rooms
- 0
- Heating
- Central, Electric
- Cooling
- Central Air, Ceiling Fan(s), Electric
- Flooring
- Tile
Building4 property facts
- Style
- Condominium
- Year built
- 1974
- Garage
- 0
- Roof
- Built-Up, Flat
Land & utilities4 property facts
- Lot size
- 0 acres
- Water
- Public
- Sewer
- Public Sewer
- Waterfront
- Y
Financial3 property facts
- Annual taxes
- $827
- Assessment year
- 2025
- HOA fee
- $0 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $749,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$3,856 / monthAdjust
- Principal & interest
- $3,787
- Property tax
- $69
- Insurance
- Not entered
- HOA
- $0
Listing annual taxes: $827. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance 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.
More property insights
Comparable properties 3 supplied
Sold Jul 31, 2026
$740,000979 E Gulf Drive #C303
Sold Aug 31, 2026
$790,000979 E Gulf Drive #191
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About 827 E Gulf Drive #L1
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