$1,495,000
2 Bed 2 Bath Waterfront Condominium for Sale in SUNDIAL OF SANIBEL, FL
1401 Middle Gulf Drive O206, Sanibel, FL, 33957
About this home
This "diamond in the rough" is a direct Gulf-front corner unit on the 2nd floor, offering breathtaking panoramic views of the Gulf of America. Located in the sought-after Sundial Resort, this spacious, quiet condo is just steps from the beach, multiple pools, restaurants, spa, and the lively tiki bar. Lovingly enjoyed by the owner and their family, this gulf-front condo has never been in a rental program. However, the potential for strong rental income is undeniable, with a projected gross annual rental income of $128,645. Additional features include wood flooring, with a ground-level storage unit, perfect for bikes, fishing gear, and beach & pool toys. Whether you're looking for a personal retreat or a lucrative investment, this Gulf-front gem is an opportunity not to be missed! This tropical quiet retreat is waiting for your decorative style
Property details
- Type
- Condominium
- Year built
- 1979
- Interior
- 1,531 sqft
- Lot size
- 13,216.104 sqft
- Acreage
- 0.30 acres
- Garage
- None
- Days on market
- 334
- Total association fees
- $19,400/yr (~$1,617/mo)
- CDD
- None
- Est. taxes (1.4%)
- $20,930/yr
- Flood zone (area est.)
- Not available
- Storm protection
- None listed
- Exposure
- East
- 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 |
| Average | 1 comps | $1,350,000 | $1,000 |
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 $220,000 (14.7%) from the original list price.
| Apr 16, 2026 | Sold | $1,275,000 |
| Apr 2, 2025 | Listed | $1,495,000 |
The good, the trade-offs & the location
- Gulf access (Direct — Gulf frontage)
- Built 1979 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
- Higher association fees (~$19,400/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.