$499,000
1 Bed Waterfront Home for Sale in Sanibel
2255 W Gulf Drive 132, Sanibel, FL, 33957
About this home
Discover the ultimate in beachfront luxury with this rare top-floor, direct Gulf-front unit at the prestigious Casa Ybel Resort. Recognized among Travel & Leisure’s "500 Greatest Hotels in the World" and Conde Nast Traveler’s "Best Places to Stay in the World," Casa Ybel is a world-class destination that offers a true island escape. This stunning unit seamlessly blends historic charm with modern conveniences. Vaulted ceilings create an airy, spacious feel, while granite countertops and high-end finishes add a touch of elegance. The expansive screened lanai is the perfect place to soak in breathtaking westerly sunset views over the Gulf of Mexico. Beyond the beauty of this one bedroom, one bath fully turnkey condo, Casa Ybel offers an unmatched resort lifestyle on 23 acres of beautifully landscaped Gulf-front property. Enjoy a wealth of amenities, including an Olympic-sized swimming pool, tennis courts with a resident pro, beach and bike rentals, seaside and in-room spa services, and a variety of activities from volleyball and basketball to shuffleboard and croquet. Families will love the on-site kids' club and endless opportunities for boating and fishing. This property is also an outstanding investment, generating strong rental income while offering a worry-free ownership experience. Whether you're seeking a personal island retreat or a high-performing rental, Cottage Colony West 132 is an opportunity you won’t want to miss. Your beachfront paradise awaits!
Property details
- Type
- Condominium
- Year built
- 1978
- Interior
- 827 sqft
- Lot size
- 3,785.364 sqft
- Acreage
- 0.09 acres
- Garage
- None
- Days on market
- 157
- Total association fees
- $14,304/yr (~$1,192/mo)
- CDD
- None
- Est. taxes (1.4%)
- $6,986/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors
- Exposure
- Southwest
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — Gulf frontage
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- New construction
- No
- Pets
- No
- 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
Based on the $/sqft of 9 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.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 2255 W Gulf Drive 112 | Feb 2026 | $465,000 | 1/1 | 806 | $577 |
| 2255 W Gulf Drive 101 | Mar 2026 | $450,000 | 1/1 | 827 | $544 |
| 2840 W GULF Drive 32 | Dec 2025 | $400,000 | 2/2 | 933 | $429 |
| 1501 Middle Gulf Drive 306G | Jul 2026 | $565,000 | 1/1 | 728 | $776 |
| 1501 Middle Gulf Drive 305F | Feb 2026 | $430,000 | 1/1 | 728 | $591 |
| 1501 Middle Gulf Drive 102I | Sep 2025 | $470,000 | 1/1 | 778 | $604 |
| Average | 6 comps | $463,333 | $587 |
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.
Price & status history
Down $125,000 (22.7%) from the original list price.
| Sep 8, 2025 | Sold | $425,000 |
| Jul 21, 2025 | Price reducedfrom $503,000 | $499,000 |
| Mar 15, 2025 | Listed | $550,000 |
The good, the trade-offs & the location
- Gulf access (Direct — Gulf frontage)
- Storm protection: Impact Windows/Doors
- Built 1978 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
- Higher association fees (~$14,304/yr)
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.