1 Bed Waterfront Home for Sale in Sanibel
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For SaleMLS# 2025016532

$380,000

1 Bed Waterfront Home for Sale in Sanibel

1610 Middle Gulf Drive A3, Sanibel, FL, 33957

1 beds1 baths950 sqft
GatedBeach AccessCommunity PoolWaterfront

About this home

Step into island living at Spanish Cay! This ground-level 1BR/1BA condo has been completely rebuilt for today’s standards in mind. Everything is new—electrical, plumbing, HVAC, lighting, appliances, tile flooring, walk-in shower, cabinetry, and impact sliders. The open kitchen features quartz counters, stainless steel appliances, and a breakfast bar that flows into the living area. A large glass-enclosed lanai extends the living space and is accessible from both the bedroom and living room. The complex is located along the Sanibel River and directly across from a beach access path. Spanish Cay offers a peaceful setting with community pool, fishing piers, and easy access to bike trails. With only 40 units, it’s the perfect blend of privacy and convenience in the heart of Sanibel.

Property details

Type
Condominium
Year built
1974
Interior
950 sqft
Lot size
2,922.876 sqft
Acreage
0.07 acres
Garage
None
Days on market
301
Total association fees
$16,012/yr (~$1,334/mo)
CDD
None
Est. taxes (1.4%)
$5,320/yr
Flood zone (area est.)
Not available
Storm protection
Impact Windows/Doors
Exposure
West
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Public
Sewer
Public Sewer
New construction
No
Pets
Call, Conditional
County
Lee

Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges, mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees, which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.

Maintenance included in the fee

InsuranceLegalAccountingMaintenanceGroundsPestControlReserveFundSewerTrashWater

What the association dues cover, per the MLS. Confirm the full schedule with the HOA.

Amenities

BeachRightsBeachAccessPierPoolManagement
At marketThis home is priced in line with comparable recent sales.
This home
$400/sqft
Comp median
$395/sqft
Difference
+1%

Based on the $/sqft of 5 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.

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Recently sold nearby

Closed comparable sales within ~1 mile in the last 12 months, similar price, size, beds/baths, and age.

AddressSoldSold priceBeds/BathsSq ft$/sqft
1610 Middle Gulf Drive B3Aug 2026$370,0002/2937$395
1610 Middle Gulf Drive F7May 2026$295,0001/1895$330
1501 Middle Gulf Drive 102ISep 2025$470,0001/1778$604
1501 Middle Gulf Drive I-101Nov 2025$365,0001/1778$469
1906 Ibis LaneApr 2026$300,0002/21,098$273
Average5 comps$360,000$414

Market trends, Sanibel

Median list
$965,000
Median $/sqft
$607
Median sold (90d)
$881,000
Avg days on market
178
Active listings
242
Median sold price · Sanibel
$881,000last 3 months16.1% vs $1,050,000 prior 3 months
Median closed price by month · Sanibel
4.1% MoM3.3% YoY
$458k$879k$1.3MJul ’25Aug ’26
$885,000Aug ’26 · 23 sales

Median of closed MLS sales each month over the available window. Months with too few sales are omitted; the range extends automatically as more sales close.

Live area medians from the MLS · see all listings. Indicative, not an appraisal.

Price & status history

Down $5,000 (1.3%) from the original list price.

Nov 16, 2025Price reducedfrom $385,000$380,000
Oct 24, 2025Listed$385,000

The good, the trade-offs & the location

Pros
  • Waterfront
  • Storm protection: Impact Windows/Doors
Consider
  • Built 1974 — pre-2002 construction may carry older wind codes and higher insurance
  • No garage listed
  • Higher association fees (~$16,012/yr)
Location convenienceModerate
Hospital
12.2 mi
HealthPark Medical Center
Beach
3.4 mi
Sanibel Island
Airport
16.1 mi
Page Field (Fort Myers)
Shopping
14.3 mi
Bell Tower Shops

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.