1 year on rocket

487 E Gulf Dr, Sanibel, FL, 33957

$2,100,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths, 1 Partial
2,288 SqFt
$918/SqFt
Condo
Schools Nearby

Location

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487 E Gulf Dr, Sanibel$2,100,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
ParkingAttached, Covered, Garage, Two Spaces, Garage Door Opener
Attached Garage2 spaces
Year Built1982
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s), Electric
WaterfrontBeach, Gulf
ViewGulf
MLS #222067191
Lot Size0.08 Acres
StatusActive

About 487 E Gulf Dr

RARE opportunity to own an exclusive Sanibel home that maintains a unique year-round private residential family setting by not allowing rentals. Located on the coveted EAST END allowing ease of getting on/off island, this property has 250’ of GULF FRONTAGE & SPECTACULAR VIEWS! With 2,288’, this 3BR/3.5 BA corner, townhouse, lives like a single family house. A private elevator opens into the great rm w/stone floor, soaring beamed ceiling & stunning 2-story coral wall /fireplace. Two-story, floor to ceiling windows allow natural light to flood in. Custom wood cabinetry, high-end appliances are features of the KIT. A generous primary BR suite has a seating area, deck access, WIC w/organizers & in-suite BA w/dual sinks, jetted tub, separate WIS & laundry chute. Both guest BRs have an attached BA. A ½ BA is located on the main level. Overlooking the great rm, a loft showcases sparkling Gulf water views. Under the house is a 2 + garage with new garage door & extra storage as well as expansive wood deck.

Property Details

Property Features

Property Information:

  • Architectural Style: Multi-Level, Two Story, Duplex, Low Rise
  • Year Built: 1982
  • Stories: 2
  • Living Area: 2,288 SqFt

Listing Office:

  • Office Name: VIP Realty Group,Inc
  • Office Phone: (239) 472-5187
  • Listing Agent: Ted Benjamin

Interior Features

Interior Information:

  • Appliances: Oven, Dryer, Dishwasher, Freezer, Gas Cooktop, Disposal, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Flooring Type: Carpet
  • Interior: Breakfast Bar, Built-in Features, Bathtub, Closet Cabinetry, Cathedral Ceiling(s), Dual Sinks, Entrance Foyer, Fireplace, Jetted Tub, Living/Dining Room, Pantry, Separate Shower, Cable TV, Upper Level Primary, Walk-In Closet(s), Wired for Sound, Central Vacuum, Elevator, High Speed Internet, Loft

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Beach, Gulf
  • View: Gulf
  • Exterior: Deck, Storage, Shutters Electric

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached, Covered, Garage, Two Spaces, Garage Door Opener

Lot Features

Lot Information:

  • Lot: Other
  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

School Info

Assigned Schools Information:

  • Cypress Lake High School, Public Magnet Grades 9-12
  • South Fort Myers High School, Public District Grades 9-12
  • Estero High School, Public District Grades 9-12
  • The Sanibel School, Public District Grades PK-8
  • Heights Elementary School, Public Magnet Grades PK-5

Other

Directions Information:

  • Directions: Summerlin Rd west toward Sanibel; take causeway; at 4-way stop on Sanibel proceed straight on Lindgren; At the intersection with E. Gulf, turn left; Proceed on E. Gulf; 'Tigua Cay will be on the right side

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,100,000
  • Price Per SqFt: $918/SqFt

Tax Information:

  • Annual Amount: $17,736
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Sanibel, FL.

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Sanibel, FL

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$553

Avg. Days On Market

76

# of Sold Homes

44

487 E Gulf Dr vs Sanibel

610 DAYS ON ROCKET

+534 Days

$2,100,000

+$1.1M More

$918/SqFt

+$365 More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $365/SqFt more than other homes in Sanibel, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SWFL
  • MLS Number: #222067191

Listing Office:

  • Office Name: VIP Realty Group,Inc
  • Office Phone: (239) 472-5187
  • Listing Agent: Ted Benjamin

IDX The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/14/2024, 3:20:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 12, 2017Home Sold
$1,600,000

Tax History

YEARPROP. TAXASSESSMENT
2020$17,736$1,241,935
2019$19,626$1,329,145
2018$22,441$1,491,453
2017$23,386$1,520,523

History based on county public records data.

Payment Calculator

$10.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,362

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-264485
9
/10

  • The Sanibel School

  • 3840 Sanibel Captiva Rd

  • 5.54 miles

  • Public District Grades PK-8

school-card-donut-264486
7
/10

  • Heights Elementary School

  • 15200 Alexandria Ct

  • 8.13 miles

  • Public Magnet Grades PK-5

High School

school-card-donut-264487
4
/10

  • Cypress Lake High School

  • 6750 Panther Ln

  • 10.09 miles

  • Public Magnet Grades 9-12

school-card-donut-264488
2
/10

  • South Fort Myers High School

  • 14020 Plantation Rd

  • 12.64 miles

  • Public District Grades 9-12

school-card-donut-264489
4
/10

  • Estero High School

  • 21900 River Ranch Rd

  • 14.35 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $76,119. The most common annual income of people living in Sanibel, FL is between $35k-100k. The majority of families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 487 E Gulf Dr

What is the listing price of this property?

The listing price of 487 E Gulf Dr property is $2,100,000.

What type of property is this?

The property 487 E Gulf Dr is a condo located in Sanibel, Florida, 33957.

Is this property for sale now?

Active Listing: 487 E Gulf Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 487 E Gulf Dr are:
The Sanibel School: GreatSchools Rating 9/10
Heights Elementary School: GreatSchools Rating 7/10
Cypress Lake High School: GreatSchools Rating 4/10
South Fort Myers High School: GreatSchools Rating 2/10
Estero High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $17,736 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 12, 2017 for $1,600,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 487 E Gulf Dr has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 487 E Gulf Dr is 2,288 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 487 E Gulf Dr is 1982.

Rocket Homes›Florida›Lee County›Sanibel›33957›487 E Gulf Dr

This home is located at 487 E Gulf Dr in Sanibel, FL and zip code 33957. This 2,288 square foot home, which was built in 1982, sits on a 0.08 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 12, 2022 and is currently priced at $2,100,000.

Sanibel, FL housing market in April 2024 saw over 2 listings sold above listed price, more than 5 sold at listed price and over 37 sold below. The number of listings in Sanibel, FL decreased by 1% between March 2024 and April 2024. In April 2024 median list price was $1,000,000 and the average listing age was 76 days.

From Rocket Homes Real Estate and based on county public records data.

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