$950,000
2 Bed Waterfront Home for Sale in Sanibel
2777 W Gulf Drive 109, Sanibel, FL, 33957
About this home
Final price opportunity. Reduced $200,000 from original price. Gulf front, impeccably decorated and offered with no assessment and reasonable monthly maintenance fees...this unit stands out as one of the best values on the market. Seller plans to remove the property from the market at the end of season if not sold. What makes this special! Beautifully renovated unit Covered parking for convenience. Well-managed association with strong financial reserves. Breathtaking Gulf views Welcome to Nutmeg 109! Nutmeg is a truly special community, known for its welcoming atmosphere, strong and responsible board, reasonable maintenance fees, and excellent management—an invaluable combination. This fully renovated condo offers a sophisticated yet relaxed coastal feel, with high-end finishes throughout. Thoughtfully designed with Serena & Lily-inspired style, the space exudes an effortless, upscale vibe. Step onto the private lanai to take in sweeping Gulf views—the perfect setting for morning coffee or unwinding at the end of the day. The community amenities are equally inviting. A large pool and spa overlook the Gulf, creating a beautiful gathering place. Stay active with pickleball or enjoy the brand-new tennis courts. Covered parking adds everyday convenience, and the overall experience is anything but typical—this is not a cookie-cutter Sanibel condo, but a distinctive and thoughtfully curated property.
Property details
- Type
- Condominium
- Year built
- 1976
- Interior
- 1,276 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 137
- Total association fees
- $10,960/yr (~$913/mo)
- CDD
- None
- Est. taxes (1.4%)
- $13,300/yr
- Flood zone (area est.)
- Not available
- Storm protection
- None listed
- Exposure
- North
- 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 |
|---|---|---|---|---|---|
| 2445 W Gulf Drive 41C | Oct 2025 | $887,500 | 2/2 | 1,243 | $714 |
| 2445 W Gulf Drive 45B | Apr 2026 | $910,000 | 2/2 | 1,243 | $732 |
| 458 Lake Murex Circle | Mar 2026 | $935,000 | 3/2 | 1,301 | $719 |
| Average | 3 comps | $910,833 | $722 |
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 $250,000 (21.3%) from the original list price.
| Aug 3, 2026 | Sold | $925,000 |
| May 6, 2026 | Price reducedfrom $1,075,000 | $950,000 |
| Jan 9, 2026 | Listed | $1,175,000 |
The good, the trade-offs & the location
- Gulf access (Direct — Gulf frontage)
- Built 1976 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
- Higher association fees (~$10,960/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.