$447,007
2 Bed Waterfront Home for Sale in Sanibel
827 E Gulf Drive K2, Sanibel, FL, 33957
About this home
This newly remodeled 2-bedroom, 2-bathroom first-floor condo in Sanibel Arms West has undergone a complete renovation. The condo is located near the beach and canal, offering serene relaxation with access to boating, fishing, and breathtaking views of the Gulf. This community features a wide range of amenities, including a heated pool, tennis and pickleball courts, boat dockage, a clubhouse, and outdoor grilling areas. Additionally, this condo offers rental income potential with on-site management to assist with bookings.
Property details
- Type
- Condominium
- Year built
- 1974
- Interior
- 967 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 87
- Total association fees
- $22,838/yr (~$1,903/mo)
- CDD
- None
- Est. taxes (1.4%)
- $6,258/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors
- Exposure
- Northeast
- 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
- No
- 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 6 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 |
|---|---|---|---|---|---|
| 845 E Gulf Drive 232 | Jun 2026 | $470,000 | 2/2 | 983 | $478 |
| 845 E Gulf Drive 822 | Oct 2025 | $505,000 | 2/2 | 981 | $515 |
| 671 E Gulf Drive 4D1 | Dec 2025 | $535,000 | 2/2 | 875 | $611 |
| 1220 Junonia Street B1 | Jan 2026 | $529,000 | 1/1 | 820 | $645 |
| 832 Donax Street A1 | Mar 2026 | $550,000 | 2/2 | 875 | $629 |
| 1246 Fulgur Street 105 | Mar 2026 | $535,000 | 2/2 | 1,100 | $486 |
| Average | 6 comps | $520,667 | $561 |
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 $44,004 (8.9%) from the original list price.
| Jun 11, 2026 | Sold | $450,000 |
| Apr 20, 2026 | Price reducedfrom $464,123 | $447,007 |
| Feb 3, 2026 | Listed | $494,004 |
The good, the trade-offs & the location
- Waterfront
- Storm protection: Impact Windows/Doors
- Built 1974 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
- Higher association fees (~$22,838/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.