2 Bed Waterfront Home for Sale in Sanibel
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For SaleMLS# 2026003859

$429,000

2 Bed Waterfront Home for Sale in Sanibel

5117 Sea Bell Road D-202, Sanibel, FL, 33957

2 beds2 baths1,239 sqft
PickleballTennisBeach AccessClubhouseCommunity PoolBoatingWaterfront

About this home

Opportunity awaits at Blind Pass! This second-floor residence is ready for its next owner to bring their vision and transform it into the perfect island retreat. While the interior is ready for updating, the functional floor plan and desirable location provide an excellent foundation for creating a space tailored to your personal style. The split-bedroom layout offers privacy for owners and guests, making this an ideal seasonal getaway, full-time residence, or investment opportunity. Whether you choose to renovate immediately or update over time, this residence presents the chance to create a home that reflects your own taste and style. Nestled on Sanibel's desirable west end and surrounded by conservation land, Blind Pass offers a peaceful setting with abundant wildlife and the natural beauty that makes the island so special. Launch your kayak or paddleboard and explore the serene waters of Clam Bayou, where mangrove tunnels, shorebirds, dolphins, and other native wildlife create an unforgettable experience. Residents enjoy exceptional amenities, including a large resort-style swimming pool, tennis and pickleball courts, clubhouse, barbecue area, kayak storage, and deeded beach access to Bowman's Beach—consistently recognized among the world's finest beaches for its natural beauty, shelling, and unspoiled shoreline. Whether you're searching for a vacation home, rental property, or full-time residence, this is an outstanding opportunity to own in one of Sanibel Island's most treasured communities.

Property details

Type
Condominium
Year built
1975
Interior
1,239 sqft
Lot size
Not specified
Acreage
Not specified
Garage
None
Days on market
0
Total association fees
$16,332/yr (~$1,361/mo)
CDD
None
Est. taxes (1.4%)
$6,006/yr
Flood zone (area est.)
Not available
Storm protection
None listed
Exposure
Southeast
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

AssociationManagementCableTvInsuranceInternetIrrigationWaterLegalAccountingMaintenanceGroundsPestControlRecreationFacilitiesSewerTrashWater

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

Amenities

BeachRightsBeachAccessBikeStorageClubhouseBarbecuePicnicAreaPickleballPoolTennisCourtsManagement
At marketThis home is priced in line with comparable recent sales.
This home
$346/sqft
Comp median
$354/sqft
Difference
-2%

Based on the $/sqft of 4 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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
5117 Sea Bell Road F104Mar 2026$420,0002/21,360$309
4556 Bowen Bayou RoadJun 2026$495,0001/21,107$447
9239 Kincaid CourtOct 2025$380,0002/21,233$308
9297 Kincaid CourtApr 2026$495,0003/21,243$398
Average4 comps$447,500$366

Market trends, Sanibel

Median list
$988,750
Median $/sqft
$607
Median sold (90d)
$877,000
Avg days on market
176
Active listings
228
Median sold price · Sanibel
$881,000last 3 months9.6% vs $975,000 prior 3 months
Median closed price by month · Sanibel
15.8% MoM13.7% YoY
$458k$879k$1.3MJul ’25Sep ’26
$1,025,000Sep ’26 · 7 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.

The good, the trade-offs & the location

Pros
  • Gulf access (Direct — Gulf frontage)
Consider
  • Built 1975 — pre-2002 construction may carry older wind codes and higher insurance
  • No garage listed
  • Higher association fees (~$16,332/yr)
Location convenienceModerate
Hospital
16.8 mi
HealthPark Medical Center
Beach
2.9 mi
Sanibel Island
Airport
19.8 mi
Page Field (Fort Myers)
Shopping
18.5 mi
Coralwood / Merchants Crossing (Cape)

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.