$1,397,000
2 Bed 2 Bath Waterfront Condominium for Sale in SUNDIAL OF SANIBEL, FL
1501 Middle Gulf Drive 303K, Sanibel, FL, 33957
About this home
Step into coastal luxury with this impeccably rebuilt 2 bedroom residence, enhanced by an additional sitting area perfect for a den, breakfast nook, or intimate reading retreat. Reconstructed from the studs out, this home is entirely new—beautifully furnished, elegantly decorated, and never before rented. The rental potential is exceptional, especially given the strong demand generated by weddings, conferences, and group events at Sundial. From the moment you enter, you’re greeted by sweeping, unobstructed Gulf views—stunning in photos, but truly breathtaking in person. Positioned on the third floor, the condo offers complete privacy with no sightlines into neighboring buildings. All new appliances and custom room darkening draperies. Additional conveniences include an in unit stackable washer/dryer. Sanibel was recently named No. 26 on The New York Times’ “52 Places to Go,” and Sundial stands as the island’s premier resort destination. Owners enjoy a fully remodeled lobby, modern amenities, and multiple on site dining options including the Gulf front Sea Breeze Café, Shima Japanese Steakhouse, Turtle’s Tiki Bar, and Beach Bites. Ownership flexibility is unmatched—use the condo personally, rent privately, or participate in the Sundial Resort rental program, which grants exclusive access to a suite of resort amenities: a resort style pool and fitness center, beach access, cabanas, pickleball, tennis, kayaking, canoeing, and more. Whether you’re seeking a refined beachfront escape or a high performing investment property, this residence delivers the best of Sanibel living—luxury, recreation, and exceptional opportunity in one extraordinary place.
Property details
- Type
- Condominium
- Year built
- 1975
- Interior
- 1,208 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 67
- Total association fees
- $23,512/yr (~$1,959/mo)
- CDD
- None
- Est. taxes (1.4%)
- $19,558/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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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 |
|---|---|---|---|---|---|
| 2265 W Gulf Drive P5D | May 2026 | $1,350,000 | 2/2 | 1,350 | $1,000 |
| 2445 W Gulf Drive 7E | Nov 2025 | $1,100,000 | 3/2 | 1,243 | $885 |
| Average | 2 comps | $1,225,000 | $943 |
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 $200,000 (13.4%) from the original list price.
| May 12, 2026 | Sold | $1,295,000 |
| Apr 11, 2026 | Price reducedfrom $1,449,000 | $1,397,000 |
| Feb 9, 2026 | Listed | $1,495,000 |
The good, the trade-offs & the location
- Gulf access (Direct — Gulf frontage)
- Storm protection: Impact Windows/Doors
- Built 1975 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
- Higher association fees (~$23,512/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.