$512,500
2 Bed Condominium for Sale in Sanibel
845 E Gulf Drive 232, Sanibel, FL, 33957
About this home
Extremely Motivated Seller – One of the Best Values on Sanibel Island! Experience the best of island living in this beautifully updated 2-bedroom, 2-bath condo at the highly sought-after Sanibel Moorings. Ideally located on Sanibel’s desirable East End, this light-filled residence offers direct beach access, coastal charm, and an unbeatable combination of lifestyle and investment potential. Inside, the bright and open floor plan is designed for comfort and easy living, with tasteful beach-inspired décor, new furnishings, and abundant natural light throughout. The updated kitchen features granite countertops, stainless steel appliances (2023), ample cabinetry, and a versatile island that doubles as a dining space—perfect for both everyday living and entertaining. Both bathrooms were fully renovated in 2023 with approximately $50,000 in upgrades, showcasing modern finishes and quality craftsmanship that elevate the space with a clean, coastal aesthetic. Step out onto the screened lanai to enjoy gentle Gulf breezes—an ideal setting for morning coffee, relaxing with a book, or unwinding after a day at the beach. Sanibel Moorings offers an exceptional array of amenities, including two heated pools, tennis and pickleball courts, grilling and picnic areas, boat docking, and complimentary use of kayaks, paddleboards, beach chairs, and umbrellas. The community also features a fully staffed, on-site rental office with a highly regarded management team, providing seamless service for both owners and guests. Just steps from Sanibel’s world-renowned beaches—known for their white sand, shelling, and stunning sunsets—you’ll also enjoy easy access to bike paths, local shops and dining, the historic Sanibel Lighthouse, and the causeway for convenient on-and-off island travel. This property represents one of the best-priced beachfront opportunities currently available on Sanibel Island. Whether you’re searching for a personal retreat, seasonal escape, or income-producing investment, this condo delivers exceptional value and lifestyle. Don’t miss your chance to own a piece of paradise—schedule your private showing today.
Property details
- Type
- Condominium
- Year built
- 1974
- Interior
- 983 sqft
- Lot size
- 3,881.196 sqft
- Acreage
- 0.09 acres
- Garage
- None
- Days on market
- 441
- Total association fees
- $16,632/yr (~$1,386/mo)
- CDD
- None
- Est. taxes (1.4%)
- $7,175/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors
- Exposure
- North
- Waterfront
- No
- 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
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
Based on the $/sqft of 3 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 |
|---|---|---|---|---|---|
| 845 E Gulf Drive 822 | Oct 2025 | $505,000 | 2/2 | 981 | $515 |
| 827 E Gulf Drive K2 | Jun 2026 | $450,000 | 2/2 | 967 | $465 |
| 671 E Gulf Drive 4D1 | Dec 2025 | $535,000 | 2/2 | 875 | $611 |
| Average | 3 comps | $496,667 | $530 |
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 $309,000 (39.7%) from the original list price.
| Jun 10, 2026 | Sold | $470,000 |
| Apr 13, 2026 | Price reducedfrom $522,500 | $512,500 |
| Feb 28, 2025 | Listed | $779,000 |
The good, the trade-offs & the location
- Storm protection: Impact Windows/Doors
- Built 1974 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
- Higher association fees (~$16,632/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.