$1,700,000
3 Bed 2 Bath Pool Waterfront SingleFamilyResidence for Sale in SHELL HARBOR, FL
848 Limpet Drive, Sanibel, FL, 33957
About this home
Coastal Luxury Meets Effortless Waterfront Living on Sanibel Island Experience the best of island living in this elegantly remodeled waterfront retreat, perfectly positioned on Sanibel’s highly sought-after East End. Just moments from the Gulf of Mexico, this 3-bedroom, 2-bathroom home offers over 2,100 sq. ft. of refined living space on a beautifully landscaped 0.37-acre lot. Inside, the home impresses with soaring vaulted ceilings and an open, sun-filled layout. Newly installed engineered hardwood flooring, fresh interior and exterior paint, and upgraded baseboards infuse the space with crisp, modern sophistication. At the heart of the living area, a striking stone fireplace sets the tone for inviting coastal elegance. The chef-inspired kitchen is a true standout, featuring custom cabinetry, an expansive quartz island, a stylish wet bar, and all-new GE Profile stainless steel appliances—perfect for entertaining with ease. The primary suite serves as a serene private escape, complete with a custom walk-in closet and a spa-like en-suite bathroom designed for indulgent relaxation. Seamlessly blending indoor and outdoor living, nearly every room opens to the expansive rear deck stretching the full width of the home. Overlooking the sparkling pool and a wide waterfront canal, this outdoor sanctuary is ideal for al fresco dining, lounging, or simply taking in the peaceful water views. Boaters will appreciate the direct Gulf access via a nearly 100-foot-wide canal, just 500 yards from open water. One of Sanibel’s rare boating advantages, this location accommodates larger vessels with ease. Beautifully refreshed landscaping—including new sod, softscapes, and an updated irrigation system—enhances the home's curb appeal and easy maintenance. And with deeded beach access just 0.75 miles away, complete with generous parking, enjoying Sanibel’s world-famous beaches is always effortless. With a new standing seam roof, impact-rated windows and doors, and two modern HVAC systems, this home combines luxury, performance, and peace of mind. A true East End gem—this waterfront retreat is remodeled, move-in ready, and waiting to be enjoyed.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1986
- Interior
- 2,103 sqft
- Lot size
- 16,291.44 sqft
- Acreage
- 0.37 acres
- Garage
- 2 car
- Days on market
- 280
- Total association fees
- $70/yr (~$6/mo)
- CDD
- None
- Est. taxes (1.4%)
- $23,800/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors, Shutters
- Exposure
- Northwest
- Waterfront
- Yes
- 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.
Amenities
Based on the $/sqft of 4 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 |
|---|---|---|---|---|---|
| 489 E Gulf Drive | Oct 2025 | $1,450,000 | 3/3 | 2,129 | $681 |
| 9056 Mockingbird Drive | Nov 2025 | $1,420,000 | 3/2 | 1,912 | $743 |
| 1160 Buttonwood Lane | Mar 2026 | $1,825,000 | 4/3 | 2,256 | $809 |
| 279 Ferry Landing Drive | May 2026 | $1,300,000 | 3/2 | 2,031 | $640 |
| Average | 4 comps | $1,498,750 | $718 |
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 $650,000 (30.2%) from the original list price.
| Feb 10, 2026 | Sold | $1,500,000 |
| Sep 26, 2025 | Price reducedfrom $1,850,000 | $1,700,000 |
| Apr 1, 2025 | Listed | $2,150,000 |
The good, the trade-offs & the location
- Private pool
- Waterfront
- Storm protection: Impact Windows/Doors, Shutters
- 2-car garage
- Built 1986 — 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.