$649,000
2 Bed Attached for Sale in Signal Inn Condo
1811 Olde Middle Gulf Drive 1, Sanibel, FL, 33957
About this home
Don't miss this charming coastal retreat on Sanibel Island. Nestled in a serene and lush tropical setting, this beautifully appointed 2-bed/ 1 bath condo offers the ideal blend of comfort, convenience, and coastal charm. Located in an intimate, low-density community, this elevated residence provides easy access to Sanibel’s pristine beaches and breathtaking Gulf views just moments away. Step inside to find an open, airy floor plan, flooded with natural light and thoughtfully designed for relaxed island living. The spacious living and dining areas flow seamlessly onto a private screened lanai, where you can enjoy your morning coffee while overlooking the pool and Gulf waters . The well-equipped kitchen features modern appliances and granite countertops. The primary suite is a peaceful retreat with access to the large bathroom and walk-in shower. The guest bedroom provides comfortable accommodations for family and friends. Outside, enjoy beautifully landscaped grounds, a large community pool and spa, bbq's, and direct deeded beach access steps from your door as well as private outdoor showers and underbuilding parking. Whether you're searching for a vacation home, investment property ($70K in annual rentals), or full-time residence, this charming condo with on-site rentals and management captures the essence of Sanibel living. Don’t miss this opportunity to own a piece of paradise! Schedule your private showing today. Pet friendly rentals allowed.
Property details
- Type
- Attached
- Year built
- 1979
- Interior
- 651 sqft
- Lot size
- 1,576.872 sqft
- Acreage
- 0.04 acres
- Garage
- None
- Days on market
- 367
- Total association fees
- $23,258/yr (~$1,938/mo)
- CDD
- None
- Est. taxes (1.4%)
- $9,086/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors
- Exposure
- Southeast
- 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 4 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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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 |
|---|---|---|---|---|---|
| 1501 Middle Gulf Drive 306G | Jul 2026 | $565,000 | 1/1 | 728 | $776 |
| 1501 Middle Gulf Drive 406A | Mar 2026 | $800,000 | 1/1 | 706 | $1,133 |
| 773 Cardium Street | Dec 2025 | $750,000 | 2/2 | 826 | $908 |
| 1220 Junonia Street B1 | Jan 2026 | $529,000 | 1/1 | 820 | $645 |
| Average | 4 comps | $661,000 | $866 |
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 $36,000 (5.3%) from the original list price.
| Oct 3, 2025 | Price reducedfrom $685,000 | $649,000 |
| Mar 14, 2025 | Listed | $685,000 |
The good, the trade-offs & the location
- Storm protection: Impact Windows/Doors
- Built 1979 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
- Higher association fees (~$23,258/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.