$494,000
2 Bed 2 Bath Waterfront Condominium for Sale in SAND PEBBLE CONDO, FL
1440 Middle Gulf Drive 2E, Sanibel, FL, 33957
About this home
Located in the desirable Sandpebble complex on Sanibel Island, this beautiful 2-bedroom, 2-bath condo offers the perfect blend of comfort, convenience, & coastal charm. The living area features an open floor plan and indulging riverfront views, while the condo’s ideal location places you just across the street from the beach & nearby walkable access. The unit has been recently updated & outfitted with a new HVAC system, hot water heater, impact-rated windows on the canal side & newly installed power storm shutters on the lanai. The community amenities offer a heated pool for year-round relaxation, gas grills & outdoor dining areas perfect for enjoying meals in the Florida sunshine. The complex also includes an elevator for easy access, coin-operated laundry facilities, and a well-maintained 23-unit property. In addition to the recent updates to the unit, the Sandpebble complex has seen a number of improvements including a new roof, refurbished elevator, resurfaced pool with new tile & updated equipment & exterior power washing & painting. The building has undergone plumbing & cabling upgrades ensuring long-term reliability. The lanai areas have all been completely refurbished to enhance outdoor living. Future complex upgrades include resurfacing of the parking lot, additional landscaping improvements, and the transformation of the former tennis lot into a new community space due to be completed in early 2025. This condo offers the ideal Sanibel lifestyle, with both comfort and convenience, along with fantastic community amenities and a peaceful location by the river. Don’t miss out on this beautiful opportunity to own a piece of paradise.
Property details
- Type
- Condominium
- Year built
- 1975
- Interior
- 1,300 sqft
- Lot size
- 10,667.844 sqft
- Acreage
- 0.24 acres
- Garage
- None
- Days on market
- 425
- Total association fees
- $10,700/yr (~$892/mo)
- CDD
- None
- Est. taxes (1.4%)
- $6,916/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors, Shutters
- Exposure
- North
- Waterfront
- Yes
- 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 |
|---|---|---|---|---|---|
| 1246 Fulgur Street 105 | Mar 2026 | $535,000 | 2/2 | 1,100 | $486 |
| 531 Birdsong Place | Dec 2025 | $513,000 | 3/2 | 1,247 | $411 |
| 9455 Beverly Lane | Dec 2025 | $545,000 | 2/2 | 1,344 | $406 |
| Average | 3 comps | $531,000 | $434 |
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 $84,000 (15.3%) from the original list price.
| Mar 3, 2026 | Sold | $465,000 |
| Dec 11, 2025 | Price reducedfrom $515,000 | $494,000 |
| Jun 5, 2025 | Back on market | |
| Dec 6, 2024 | Listed | $549,000 |
The good, the trade-offs & the location
- Waterfront
- Storm protection: Impact Windows/Doors, Shutters
- Built 1975 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
- Higher association fees (~$10,700/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.