3 Bed Waterfront Home for Sale in Sanibel
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SoldMLS# 225018732

$750,000

3 Bed Waterfront Home for Sale in Sanibel

5869 Pine Tree Drive, Sanibel, FL, 33957

3 beds2 baths1,635 sqft2 garage
GatedBoatingWaterfront

About this home

Beautifully renovated, this Gulf access home is less than a mile to the spectacular Blind Pass Beach with its amazing shelling and breath-taking sunsets. With new wood plank tile, fresh neutral paint, and a stunning kitchen, the home is bright, clean, and beautifully updated. The huge white quartz kitchen peninsula is a fabulous focal point and creates an inviting great room space. The large living area leads to the comfortable screened lanai that overlooks the canal. AC, water heater, washer, dryer, stainless steel kitchen appliances, drywall, wiring, electrical panel, flooring, trim, interior doors, sliders, shaker style cabinets, countertops, fixtures and furnishings are all new since 2022! Plumbing supply lines were replaced in 2019 and windows were replaced in 2021. Front door replaced in 2025. This charming home is like new and is ready to be your new island home. Enjoy the peaceful setting of a private road only yards from Sanibel's shared use path. The location makes getting to the beach by foot, bike, boat or car a breeze! This is an excellent opportunity to enjoy west-end island living in a home that is like-new!

Property details

Type
SingleFamilyResidence
Year built
1973
Interior
1,635 sqft
Lot size
11,194.92 sqft
Acreage
0.26 acres
Garage
2 car
Days on market
331
Total association fees
$200/yr (~$17/mo)
CDD
None
Est. taxes (1.4%)
$10,500/yr
Flood zone (area est.)
Not available
Storm protection
Impact Windows/Doors
Exposure
Southwest
Waterfront
Yes
Gulf access
Yes
Gulf access type
Direct — no bridges
Pool
No
Spa
No
Natural gas
No
Water
Public
Sewer
Public Sewer
New construction
No
Pets
Yes
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

RoadMaintenance

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

Not yet ratedNot enough comparable sales nearby to rate this home's price yet.

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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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
5304 Ladyfinger Lake RoadJul 2026$765,0003/21,783$429
1769 Bowmans Beach RoadNov 2025$800,0002/21,466$546
Average2 comps$782,500$488

Market trends, Sanibel

Median list
$965,000
Median $/sqft
$607
Median sold (90d)
$881,000
Avg days on market
178
Active listings
242
Median sold price · Sanibel
$881,000last 3 months16.1% vs $1,050,000 prior 3 months
Median closed price by month · Sanibel
4.1% MoM3.3% YoY
$458k$879k$1.3MJul ’25Aug ’26
$885,000Aug ’26 · 23 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.

Price & status history

Down $191,000 (21.2%) from the original list price.

Feb 6, 2026Sold$708,000
Nov 30, 2025Price reducedfrom $899,000$750,000
Feb 24, 2025Listed$899,000

The good, the trade-offs & the location

Pros
  • Gulf access (Direct — no bridges)
  • Storm protection: Impact Windows/Doors
  • 2-car garage
Consider
  • Built 1973 — pre-2002 construction may carry older wind codes and higher insurance
Location convenienceModerate
Hospital
17.7 mi
Cape Coral Hospital
Beach
4.4 mi
Sanibel Island
Airport
20.5 mi
Page Field (Fort Myers)
Shopping
18.7 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.