$950,000
2 Bed 2 Bath Waterfront Condominium for Sale in SUNDIAL OF SANIBEL, FL
1401 Middle Gulf Drive 302L, Sanibel, FL, 33957
About this home
$50k price adjustment! Welcome to your dream beachfront condo on Sanibel Island! Just a short distance from Fort Myers, this tropical island paradise is perfect for your second home. Spend your mornings collecting seashells on the world-famous white-sand beaches, then immerse yourself in the island’s stunning natural beauty in the afternoon. With over half of the island protected as nature reserves, there’s plenty to explore. Known as the Seashell Capital of the World, Sanibel boasts 25+ miles of bike paths, 50 types of fish, and over 250 varieties of seashells! Casual is the order of the day on Sanibel Island with lots of shabby chic shops and galleries all along Periwinkle Way. At days end enjoy spectacular sunsets and indulge in fresh Gulf cuisine or savor homemade Italian dishes at local restaurants. With no traffic lights and buildings limited to the height of the tallest palm tree, the enchanting views are yours to enjoy, day and night. This charming third-floor 2-bedroom beachfront condo comes fully furnished and features an additional den that can easily serve as a third bedroom. The inviting living area opens up to a spacious balcony, where you can soak in breathtaking views of the Gulf while sipping your morning coffee or unwinding with a sunset cocktail and enjoying the serene coastal scenery. It’s the perfect blend of comfort and stunning natural beauty! Not only is this a fantastic place to call home, this property also offers the option to enroll in the Sundial Beach Resort & Spa rental program. With on-site management, it’s a lucrative investment opportunity for those looking to make the most of their beachfront getaway. Enjoy the numerous amenities, including multiple swimming pools, tennis and pickleball courts, a fitness center, and delightful on-site restaurants. Here you will find the perfect blend of relaxation and investment potential in this stunning tropical setting! Come experience the magic of island living! With its breathtaking views, pristine beaches, and vibrant community, this is a place where every day feels like a vacation.
Property details
- Type
- Condominium
- Year built
- 1981
- Interior
- 1,451 sqft
- Lot size
- 9,422.028 sqft
- Acreage
- 0.22 acres
- Garage
- None
- Days on market
- 197
- Total association fees
- $23,600/yr (~$1,967/mo)
- CDD
- None
- Est. taxes (1.4%)
- $13,300/yr
- Flood zone (area est.)
- Not available
- Storm protection
- None listed
- Exposure
- Northeast
- 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
- 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 |
|---|---|---|---|---|---|
| 1401 Middle Gulf Drive L402 | Nov 2025 | $1,055,000 | 3/2 | 1,519 | $695 |
| 1401 Middle Gulf Drive T304 | Dec 2025 | $1,050,000 | 3/2 | 1,519 | $691 |
| 1401 Middle Gulf Drive 301N | Dec 2025 | $1,075,000 | 2/2 | 1,451 | $741 |
| 1341 Middle Gulf Drive 4C | Feb 2026 | $850,000 | 2/2 | 1,400 | $607 |
| Average | 4 comps | $1,007,500 | $684 |
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 $100,000 (10%) from the original list price.
| Feb 24, 2026 | Sold | $900,000 |
| Jan 20, 2026 | Price reducedfrom $1,000,000 | $950,000 |
| Jul 10, 2025 | Listed | $1,000,000 |
The good, the trade-offs & the location
- Gulf access (Direct — Gulf frontage)
- Built 1981 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
- Higher association fees (~$23,600/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.