$419,000
2 Bed Waterfront Home for Sale in Sanibel
601 Periwinkle Way C-5, Sanibel, FL, 33957
About this home
This beautifully renovated top floor two-bedroom, one bathroom condo is being offered fully furnished and turnkey, with a prime building location being closest to the canal! Impact windows and sliders, as well as the bonus of a compact washer/dryer within this unit. Super east end of the island location where you can walk across the street to Grama Dot's and the Sanibel Marina or down Periwinkle Way to several beach access points including Lighthouse Beach, Seagrape, Buttonwood, and next to Colony Beach Estates and Spoonbill off E Gulf Drive, as well as additional restaurants and shopping. Captains Walk features all new roofs, newly completed structural work, community laundry, beautiful new landscaping and docks between buildings to launch kayaks/canoes or boat pick up and drop off. Perfect as a year-round residence, seasonal or annual rental, or winter retreat! Come to see for yourself and make this island condo your piece of paradise on Sanibel! This is a pet friendly complex with owners allowed to have up to two pets!
Property details
- Type
- Condominium
- Year built
- 1971
- Interior
- 967 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 98
- Total association fees
- $13,068/yr (~$1,089/mo)
- CDD
- None
- Est. taxes (1.4%)
- $5,866/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors
- Exposure
- West
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- 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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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 |
|---|---|---|---|---|---|
| 827 E Gulf Drive K2 | Jun 2026 | $450,000 | 2/2 | 967 | $465 |
| 845 E Gulf Drive 822 | Oct 2025 | $505,000 | 2/2 | 981 | $515 |
| 845 E Gulf Drive 232 | Jun 2026 | $470,000 | 2/2 | 983 | $478 |
| Average | 3 comps | $475,000 | $486 |
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.
The good, the trade-offs & the location
- Waterfront
- Storm protection: Impact Windows/Doors
- Built 1971 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
- Higher association fees (~$13,068/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.