$794,990
2 Bed 2 Bath Waterfront Condominium for Sale in SANIBEL MOORINGS CONDO, FL
845 E Gulf Drive 111, Sanibel, FL, 33957
About this home
Beautifully Remodeled Beach-Side Condo on Sanibel Island! Welcome to 845 E Gulf Drive, Unit 111 — an exceptional, fully updated coastal residence offering modern finishes, strong income-producing potential, and an unbeatable East End location just steps from the Gulf of Mexico. This first-floor unit has been completely remodeled with attention to detail throughout. The open-concept layout features new flooring, fresh coastal-inspired paint, updated interior doors, upgraded lighting, and refined craftsmanship that creates a bright, inviting atmosphere. The kitchen has been tastefully redesigned with new cabinetry, quartz countertops, stainless steel appliances, and a stylish tile backsplash, making meal preparation both functional and beautiful. The spacious living and dining areas open to sliding glass doors that provide plentiful natural light and lead to a relaxing screened lanai overlooking the community’s lush tropical landscaping. Perfect for unwinding after a day at the beach or enjoying evening breezes. The primary bedroom offers comfort and privacy with its fully renovated en-suite bathroom, showcasing a walk-in shower, modern tilework, and contemporary fixtures. The guest bedroom and updated second bathroom make the unit ideal for hosting friends, family, or vacation renters. This residence is not offered turnkey, allowing you to bring your own furnishings and personal touches to make the space your own. The renovations are complete—leaving you with a clean, modern canvas ready for your design vision. With excellent rental income potential, proximity to Sanibel’s world-famous beaches, and quick access to the causeway, bike paths, restaurants, and island amenities, this condo offers both strong investment value and a serene personal retreat. Community amenities may include pool, tennis/pickleball courts, BBQ areas, beach access, and on-site rental options . Beautifully remodeled, move-in ready, and ideally located—Unit 111 at 845 E Gulf Drive delivers the best of Sanibel coastal living.
Property details
- Type
- Condominium
- Year built
- 1973
- Interior
- 981 sqft
- Lot size
- 4,107.708 sqft
- Acreage
- 0.09 acres
- Garage
- None
- Days on market
- 66
- Total association fees
- $26,832/yr (~$2,236/mo)
- CDD
- None
- Est. taxes (1.4%)
- $11,130/yr
- Flood zone (area est.)
- Not available
- Storm protection
- None listed
- Exposure
- West
- 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
Based on the $/sqft of 5 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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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 |
|---|---|---|---|---|---|
| 671 E Gulf Drive 1A2 | Feb 2026 | $775,000 | 2/2 | 875 | $886 |
| 671 E Gulf Drive 3C3 | May 2026 | $710,000 | 2/2 | 875 | $811 |
| 773 Cardium Street | Dec 2025 | $750,000 | 2/2 | 826 | $908 |
| 610 Donax Street 113 | Jul 2026 | $800,000 | 2/2 | 1,000 | $800 |
| 1341 Middle Gulf Drive 12C | May 2026 | $745,000 | 2/2 | 1,150 | $648 |
| Average | 5 comps | $756,000 | $811 |
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
Up $620,010 (775.1%) from the original list price.
| Feb 10, 2026 | Sold | $700,000 |
| Dec 5, 2025 | Price increasedfrom $799,990 | $794,990 |
| Nov 18, 2025 | Listed | $79,990 |
The good, the trade-offs & the location
- Gulf access (Direct — Gulf frontage)
- Built 1973 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
- Higher association fees (~$26,832/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.