$899,999
3 Bed SingleFamilyResidence for Sale in Palm Lake
220 Palm Lake Drive, Sanibel, FL, 33957
About this home
Charming Beach Cottage with Attached Studio – Steps from the Sand Welcome to your island oasis! This inviting property features a two-bedroom plus den, two-bathroom main house designed with elevated ceilings, a cozy wood-burning fireplace, and a spacious layout that blends comfort with coastal charm. An enclosed lanai seamlessly connects the main house to a private studio, which offers an additional one-room suite with its own bathroom—perfect for guests, an office, or a retreat space. The outdoor kitchen area, while in need of renovation, offers endless potential for customization, allowing you to create the perfect space for entertaining after a day at the beach. Nestled just a short stroll from the shoreline, this property combines convenience, privacy, and the opportunity to make it uniquely your own. It’s the perfect place to enjoy timeless charm and modern island living!
Property details
- Type
- SingleFamilyResidence
- Year built
- 1987
- Interior
- 1,774 sqft
- Lot size
- 15,246 sqft
- Acreage
- 0.35 acres
- Garage
- 2 car
- Days on market
- 72
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $12,600/yr
- Flood zone (area est.)
- Not available
- Storm protection
- None listed
- Exposure
- East
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- New construction
- No
- Pets
- Yes
- County
- Lee
Amenities
Based on the $/sqft of 6 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 |
|---|---|---|---|---|---|
| 3131 Twin Lakes Lane | Apr 2026 | $937,500 | 3/2 | 1,768 | $530 |
| 556 Sea Oats Drive | Apr 2026 | $1,040,000 | 3/2 | 1,928 | $539 |
| 698 Spartina Court | May 2026 | $815,000 | 3/2 | 1,759 | $463 |
| 566 Boulder Drive | Apr 2026 | $750,000 | 3/2 | 1,611 | $466 |
| 731 Durion Court | Dec 2025 | $999,000 | 3/2 | 1,748 | $572 |
| 3702 Coquina Drive | Aug 2026 | $990,000 | 4/3 | 1,730 | $572 |
| Average | 6 comps | $921,917 | $524 |
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
- 2-car garage
- Built 1987 — pre-2002 construction may carry older wind codes and higher insurance
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.