$289,000
1 Bed Waterfront Home for Sale in Sanibel
601 Periwinkle Way D-7, Sanibel, FL, 33957
About this home
Welcome to Captains Walk Unit D7, a second-floor gem overlooking a beautifully landscaped courtyard, canal, and dock within this intimate, 48-unit island community. Escape to your own Sanibel retreat in this spacious one-bedroom & one-bath condo ideally located on the island’s desirable East End. Just a short walk or bike ride brings you to some of Florida’s most breathtaking beaches, where you can collect seashells, soak up the sun, watch wildlife, and enjoy the natural beauty that makes Sanibel so special. The complex sits directly on a navigable Gulf access canal. Inside, open living and dining area features 8-foot ceilings and an easy, comfortable layout. The kitchen is appointed with quartz countertops and KraftMaid cabinetry (2021) and luxury vinyl flooring (2022). Updates include a new AC (2024), water heater (2019), and replaced piping (2019), and impact resistant windows offering peace of mind for years to come. Offered unfurnished, the space provides a wonderful opportunity to personalize and design your own island getaway. An assigned covered carport space is included for added convenience. Captains Walk residents enjoy a well-maintained property with strong financials, all special assessments have been paid, reserves are fully funded. A new roof in 2024 and freshly painted in 2025. Monthly fees include wind and flood insurance, adding exceptional value. The unit experienced no hurricane damage from Ian, Helene, or Milton. Pet-friendly and welcoming, two pets are allowed with no size restrictions. Ownership also qualifies for the City “A” parking permit for convenient beach access. Perfectly positioned on Sanibel’s East End, just moments from the beach, lighthouse, marina, shops, and restaurants, this is a fantastic opportunity to own your own piece of paradise.
Property details
- Type
- Condominium
- Year built
- 1971
- Interior
- 638 sqft
- Lot size
- 3,484.8 sqft
- Acreage
- 0.08 acres
- Garage
- None
- Days on market
- 0
- Total association fees
- $9,000/yr (~$750/mo)
- CDD
- None
- Est. taxes (1.4%)
- $4,046/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors
- Exposure
- West
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — no bridges
- 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
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
We rate a home against recently SOLD homes within ~1 mile that match on size, beds/baths, and age. This home doesn't have enough close comparables in the last 12 months for a reliable read, ask Rick for a personalized CMA.
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Your notes on this home
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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.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 429 E Gulf Drive C54 | Nov 2025 | $225,000 | 1/1 | 600 | $375 |
| Average | 1 comps | $225,000 | $375 |
Market trends, Sanibel
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.
The good, the trade-offs & the location
- Gulf access (Direct — no bridges)
- Storm protection: Impact Windows/Doors
- Built 1971 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
Straight-line distances to major SWFL amenities, approximate; actual drive times vary.
Nearby schools
Get more information on their programs, scores, and extracurriculars on each school's page · browse the full schools directory.
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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.