$1,999,000
3 Bed 3.5 Bath Waterfront Attached for Sale in TIGUA CAY CONDO, FL
489 E Gulf Drive, Sanibel, FL, 33957
About this home
Welcome to a rare and enchanting retreat tucked away in Tigua Cay, an intimate Gulf-front community of just four residences on Sanibel’s quiet East End. With a sparkling community pool and miles of shell-laden shoreline just steps away, this is island living at its most peaceful and picturesque. This two-story townhouse offers direct Gulf views and a layout made for relaxed coastal living. The main level features two guest bedrooms, each with its own bath, a beautifully updated kitchen with crisp white cabinetry and stainless-steel appliances, and an open dining and living space that flows effortlessly onto a screened-in porch with panoramic views of the water. A laundry area and half bath complete the main floor. Upstairs, the spacious primary suite is a true sanctuary. Wake up to breathtaking Gulf views from your bed, enjoy a morning coffee on the private screened balcony, or soak up the sun on your open-air deck—perfect for lounging and taking in the beauty of the island. The suite also features a spa-inspired bath, walk-in closet, and a cozy loft space ideal for reading, working, or overflow guests. Whether you're beachcombing for shells, taking a dip in the pool, or simply soaking in the views, life at Tigua Cay offers the perfect blend of luxury and laid-back island charm.
Property details
- Type
- Attached
- Year built
- 1982
- Interior
- 2,129 sqft
- Lot size
- 3,515.292 sqft
- Acreage
- 0.08 acres
- Garage
- 2 car
- Days on market
- 171
- Total association fees
- $32,000/yr (~$2,667/mo)
- CDD
- None
- Est. taxes (1.4%)
- $27,986/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.
Seeing several homes? Build a tour and we'll route it for you.
Your notes on this home
Keep private notes on this home — what you love, what to ask about — saved to your account and shared with your agent.
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 |
|---|---|---|---|---|---|
| 1160 Buttonwood Lane | Mar 2026 | $1,825,000 | 4/3 | 2,256 | $809 |
| 848 Limpet Drive | Feb 2026 | $1,500,000 | 3/2 | 2,103 | $713 |
| Average | 2 comps | $1,662,500 | $761 |
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 $799,990 (35.6%) from the original list price.
| Oct 27, 2025 | Sold | $1,450,000 |
| Apr 23, 2025 | Price reducedfrom $2,249,990 | $1,999,000 |
| Apr 11, 2025 | Listed | $2,249,990 |
The good, the trade-offs & the location
- Gulf access (Direct — Gulf frontage)
- Storm protection: Impact Windows/Doors
- 2-car garage
- Built 1982 — pre-2002 construction may carry older wind codes and higher insurance
- Higher association fees (~$32,000/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.
Similar homes nearby
$1,650,000
MLS# 20250197752929 W Gulf Drive 306, Sanibel, FL, 33957
$2,200,000
MLS# 2250437472959 W Gulf Drive 204, Sanibel, FL, 33957
$1,699,000
MLS# 20260072861401 Middle Gulf Drive 306O, Sanibel, FL, 33957
$2,145,000
MLS# 20250224263145 W Gulf Drive 205, Sanibel, FL, 33957
$1,999,000
MLS# 20250184523145 W Gulf Drive 201, Sanibel, FL, 33957
$2,195,000
MLS# 2025023503500 Estero Boulevard 195, Fort Myers Beach, FL, 33931
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.