$775,000
2 Bed 2 Bath Waterfront Condominium for Sale in LOGGERHEAD CAY CONDO, FL
979 E Gulf Drive C363, Sanibel, FL, 33957
About this home
Turnkey Investment Opportunity with Gulf Water Views – Loggerhead Cay 363! Exceptional value and incredible rental potential await you in this beautifully updated third-floor condo with Gulf Water and courtyard views from one of Sanibel’s most desirable communities. Perfectly located on the east end, this light-filled 2-bedroom, 2-bath unit combines coastal charm, comfort, and proven rental success — the ideal blend of personal enjoyment and investment opportunity. Featuring two fully renovated bathrooms with luxury vinyl plank flooring, an updated kitchen, full-size washer and dryer, and refreshed carpet in the living and bedroom areas, this condo is move-in ready and sold fully furnished, turnkey. Step onto your screened lanai and enjoy the peaceful Gulf breezes and lush tropical landscaping. Additional features include impact-resistant windows and sliders, a private owner’s storage closet, assigned parking, and elevator access. Loggerhead Cay offers resort-style amenities — a large, heated pool, tennis and pickleball courts, shuffleboard, picnic areas, and 400 feet of direct beach access to Sanibel’s world-famous shelling beaches. This property checks every box — location, lifestyle, and income potential — an exceptional opportunity to own a turnkey, income-producing condo in paradise!
Property details
- Type
- Condominium
- Year built
- 1975
- Interior
- 1,184 sqft
- Lot size
- 15,328.764 sqft
- Acreage
- 0.35 acres
- Garage
- None
- Days on market
- 42
- Total association fees
- $13,200/yr (~$1,100/mo)
- CDD
- None
- Est. taxes (1.4%)
- $10,850/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors
- Exposure
- Southwest
- 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 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 |
|---|---|---|---|---|---|
| 610 Donax Street 113 | Jul 2026 | $800,000 | 2/2 | 1,000 | $800 |
| 1341 Middle Gulf Drive 12C | May 2026 | $745,000 | 2/2 | 1,150 | $648 |
| 1501 Middle Gulf Drive 104J | Apr 2026 | $685,000 | 2/2 | 1,042 | $657 |
| Average | 3 comps | $743,333 | $702 |
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 $110,000 (14.2%) from the original list price.
| Dec 29, 2025 | Sold | $665,000 |
| Oct 13, 2025 | Listed | $775,000 |
The good, the trade-offs & the location
- Gulf access (Direct — Gulf frontage)
- Storm protection: Impact Windows/Doors
- Built 1975 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
- Higher association fees (~$13,200/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.