$1,450,000
2 Bed Waterfront Home for Sale in Sanibel
497 E Gulf Drive 4, Sanibel, FL, 33957
About this home
DIRECT GULF-FRONT IN UP & RUNNING CONDO COMPLEX. Saint Croix is fully operational and free of insurance complications, a huge plus for buyers. Move in right away to this remodeled two-floor condo on Sanibel’s east end. The view of the Gulf of Mexico is open, sweeping and magnificent. Saint Croix’s 4-condo complex offers exceptional privacy and these units are rarely available for purchase on the market. The upscale remodel is stunning: Guayacan 8x48 porcelain plank tile throughout the downstairs and in all bathrooms and both lanais; Islandair Ocean Spray Oak wood flooring on the top level; the kitchen features new granite counter tops, new cabinets and new appliances; crown molding and new baseboards installed in all rooms. There are two lanais, one on each floor, facing the Gulf: they each have hurricane-glass sliding windows, new screens and new ceiling fans. Additionally, the owners installed a new counter and sink in the downstairs lanai, and the water heater, heating and AC units are new as of October 2022. The east end is known for the Sanibel Lighthouse, the charming shopping areas and bike paths, and easy access to the Sanibel Causeway.
Property details
- Type
- Condominium
- Year built
- 1984
- Interior
- 1,162 sqft
- Lot size
- 3,306.204 sqft
- Acreage
- 0.08 acres
- Garage
- None
- Days on market
- 218
- Total association fees
- $9,000/yr (~$750/mo)
- CDD
- None
- Est. taxes (1.4%)
- $20,300/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors
- Exposure
- South
- 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
We rate a home against recently SOLD homes within ~1 mile that match on size, beds/baths, and age. This home doesn't have enough close comparables in the last 12 months for a reliable read, ask Rick for a personalized CMA.
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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 |
|---|---|---|---|---|---|
| 1501 Middle Gulf Drive 303K | May 2026 | $1,295,000 | 2/2 | 1,208 | $1,072 |
| Average | 1 comps | $1,295,000 | $1,072 |
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 $99,000 (6.4%) from the original list price.
| Apr 23, 2026 | Price reducedfrom $1,549,000 | $1,450,000 |
| Nov 24, 2025 | Listed | $1,549,000 |
The good, the trade-offs & the location
- Gulf access (Direct — Gulf frontage)
- Storm protection: Impact Windows/Doors
- Built 1984 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
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.