2 Bed Waterfront Home for Sale in Sanibel
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SoldMLS# 2026010130

$739,900

2 Bed Waterfront Home for Sale in Sanibel

1299 Middle Gulf Drive 243, Sanibel, FL, 33957

2 beds2 baths1,394 sqft
GatedPickleballTennisBocceBasketballBoatingWaterfront

About this home

Looking for a Beach front condo? Updated Furniture, flooring and cabinetry, Quartz counter tops, appliances, filtered water system, plantation shutters and impact windows. This unit has been meticulously maintained. MAKE SURE YOU SEE THIS UNIT! This beautiful unit has a thoughtful floor plan with expansive living room and separate dining room. Two separate screened porches make it feel even more open. The large porch has access from the living room and Owner's bedroom capturing the morning sunrise. The small porch has access from the dining area with a view of the sports court and nearby golf course and captures the late afternoon and evening sunset! A large ground floor storage area (13' feet deep 6'3" wide) inclusive of beach chairs, two bicycles & beach amenities. The newly landscaped and well-maintained property with tropical trees and plantings makes this property masterful and beautiful. A must see! Enjoy all the amenities of this 45 -unit Complex including Pickle Ball courts. This complex also includes a new private Sports Court (2 pickle ball courts, basketball (half court) & tennis court) along with a centrally located shuffle ball court and Bocci ball court adjacent to the pool and restrooms and 2 easy access grills. This complex has a new private boardwalk to the beach and washing station for an additional bonus. Compass Point's driveway and parking areas, built of pavers has ample parking for residents and guests. The newly landscaped property with tropical trees and plantings make this property a must see! Compass Point has its very own qualified Property Manager (with respective onsite office) who makes himself available to not only the owners but the guests as well.

Property details

Type
Condominium
Year built
1979
Interior
1,394 sqft
Lot size
13,734.468 sqft
Acreage
0.32 acres
Garage
None
Days on market
124
Total association fees
$23,940/yr (~$1,995/mo)
CDD
None
Est. taxes (1.4%)
$10,359/yr
Flood zone (area est.)
Not available
Storm protection
Impact Windows/Doors
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
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

AssociationManagementInternetIrrigationWaterLegalAccountingMaintenanceGroundsSewerTrashWater

What the association dues cover, per the MLS. Confirm the full schedule with the HOA.

Amenities

BasketballCourtBocceCourtPickleballShuffleboardCourtStorageTennisCourtsManagement
Below marketThis home is priced below comparable recent sales, a potential value.
This home
$531/sqft
Comp median
$607/sqft
Difference
-13%

Based on the $/sqft of 5 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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
1341 Middle Gulf Drive 4CFeb 2026$850,0002/21,400$607
610 Donax Street 233Jul 2026$760,0002/21,238$614
1284 Par View DriveSep 2025$630,0002/21,536$410
1610 Sabal Sands RoadDec 2025$779,0003/21,494$521
1283 Par View DriveFeb 2026$850,0002/21,401$607
Average5 comps$773,800$552

Market trends, Sanibel

Median list
$984,250
Median $/sqft
$608
Median sold (90d)
$877,000
Avg days on market
178
Active listings
242
Median sold price · Sanibel
$881,000last 3 months16.1% vs $1,050,000 prior 3 months
Median closed price by month · Sanibel
4.1% MoM3.3% YoY
$458k$879k$1.3MJul ’25Aug ’26
$885,000Aug ’26 · 21 sales

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 $109,900 (14.5%) from the original list price.

Jul 29, 2026Sold$650,000
Apr 23, 2026Price reducedfrom $759,900$739,900
Feb 26, 2026Listed$759,900

The good, the trade-offs & the location

Pros
  • Gulf access (Direct — Gulf frontage)
  • Storm protection: Impact Windows/Doors
Consider
  • Built 1979 — pre-2002 construction may carry older wind codes and higher insurance
  • No garage listed
  • Higher association fees (~$23,940/yr)
Location convenienceModerate
Hospital
11.6 mi
HealthPark Medical Center
Beach
3.9 mi
Sanibel Island
Airport
15.5 mi
Page Field (Fort Myers)
Shopping
13.7 mi
Bell Tower Shops

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

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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.