2 Bed Condominium for Sale in Sanibel
1 / 44
▶ View Virtual Tour
For SaleMLS# 225026946

$499,000

2 Bed Condominium for Sale in Sanibel

200 Periwinkle Way 132, Sanibel, FL, 33957

2 beds2 baths1,607 sqft
GatedTennisBeach AccessClubhouseCommunity Pool

About this home

Discover the perfect blend of coastal charm and modern comfort at Lighthouse Point. Lighthouse Point floor plans are uniquely large with the benefit of multiple versatile living spaces. You could easily have a TV room plus a den or office, plus a living room and dining room. The living options are endless! This beautifully renovated condo offers an inviting retreat for those seeking relaxed island living. All newly updated, this unit exudes a bright and welcoming ambiance with all modern finishes. Step onto your private porch to take in serene bay views, lush tropical greenery, and the soothing sounds of nature. Just steps away, you'll find Lighthouse Beach, charming shops, and the historic Sanibel Lighthouse, offering unparalleled access to pristine sands and the tranquil rhythm of the waves. The deck off the primary bedroom provides serene bay views, while exceptional community amenities—including a tennis court, pool, access to the beautiful Bay and easy access to Lighthouse Beach and Park immediately next door to Lighthouse Point—enhance your coastal lifestyle. Whether you're looking for a permanent home or a vacation retreat, this home is ready for you. Its prime location and luxurious updates make it asought-after property for anyone wanting a finished, move-in-ready space.

Property details

Type
Condominium
Year built
1976
Interior
1,607 sqft
Lot size
32,225.688 sqft
Acreage
0.74 acres
Garage
None
Days on market
519
Total association fees
$17,064/yr (~$1,422/mo)
CDD
None
Est. taxes (1.4%)
$6,986/yr
Flood zone (area est.)
Not available
Storm protection
Impact Windows/Doors
Exposure
West
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

AssociationManagementCableTvInternetMaintenanceGroundsMaintenanceStructureSecurityTrash

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

Amenities

BeachRightsBeachAccessBikeStorageClubhousePoolSeeRemarksTennisCourtsManagement
Not yet ratedNot enough comparable sales nearby to rate this home's price yet.

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.

Seeing several homes? Build a tour and we'll route it for you.

Your notes on this home

Keep private notes on this home, what you love, what to ask about, saved to your account and shared with your agent.

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 $150,000 (23.1%) from the original list price.

Jan 26, 2026Price reducedfrom $529,900$499,000
Mar 27, 2025Listed$649,000

The good, the trade-offs & the location

Pros
  • Storm protection: Impact Windows/Doors
Consider
  • Built 1976 — pre-2002 construction may carry older wind codes and higher insurance
  • No garage listed
  • Higher association fees (~$17,064/yr)
Location convenienceHigh
Hospital
9.4 mi
HealthPark Medical Center
Beach
4.2 mi
Fort Myers Beach
Airport
13.3 mi
Page Field (Fort Myers)
Shopping
11.6 mi
Bell Tower Shops

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

Loading map…

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.