$649,000
3 Bed 2 Bath Pool SingleFamilyResidence for Sale in GUMBO LIMBO, FL
1674 Bunting Lane, Sanibel, FL, 33957
About this home
Welcome to Mermaid Cottage, a charming elevated 3BR/2BA pool home in Sanibel’s Gumbo Limbo neighborhood. This is the best-priced elevated pool home currently on the market in Gumbo Limbo, offering exceptional value in a family-friendly community - a rare opportunity to own a Sanibel home well below the island’s median price. Surrounded by lush native landscaping on over 1/2-acre, this beach retreat features light-filled living spaces, a spacious enclosed Florida room, relaxing porch areas, and a sparkling pool with patio area—ideal for laid-back island living or entertaining. This well-maintained property offers a perfect blend of island charm and modern comfort, ideal as a full-time residence, vacation getaway, or investment opportunity. Most recent updates include a new A/C system and new pool equipment in 2023. The roof was replaced in 2018, water heater in 2017. The current flood insurance policy is transferable. Gumbo Limbo is a serene enclave of island-style homes and lakes. Zoned for The Sanibel School, a top-rated K–8 public school. Just a short drive or bike ride to world-renowned beaches, nature preserves, local shops, and dining, Mermaid Cottage invites you to slow down, breathe deeply, and live the Sanibel dream!
Property details
- Type
- SingleFamilyResidence
- Year built
- 1985
- Interior
- 1,760 sqft
- Lot size
- 25,613.28 sqft
- Acreage
- 0.59 acres
- Garage
- 3 car
- Days on market
- 178
- Total association fees
- $275/yr (~$23/mo)
- CDD
- None
- Est. taxes (1.4%)
- $9,086/yr
- Flood zone (area est.)
- Not available
- Storm protection
- None listed
- Exposure
- South
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- 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.
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 |
|---|---|---|---|---|---|
| 1585 Bunting Lane | Nov 2025 | $600,000 | 3/2 | 1,725 | $348 |
| 1615 Serenity Lane | Jan 2026 | $729,000 | 3/2 | 1,710 | $426 |
| 1242 Par View Drive | Jun 2026 | $700,000 | 3/2 | 1,864 | $376 |
| 653 Oliva Street | Nov 2025 | $575,000 | 3/2 | 1,650 | $348 |
| 1390 Middle Gulf Drive E | Feb 2026 | $625,000 | 3/3 | 1,680 | $372 |
| Average | 5 comps | $645,800 | $374 |
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 $42,000 (6.5%) from the original list price.
| Jan 29, 2026 | Sold | $607,000 |
| Jun 27, 2025 | Listed | $649,000 |
The good, the trade-offs & the location
- Private pool
- 3-car garage
- Built 1985 — 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.