$1,295,000
3 Bed 2 Bath Pool SingleFamilyResidence for Sale in PERIWINKLE PROP SUBD UNREC, FL
742 Nerita Street, Sanibel, FL, 33957
About this home
One of only two new construction homes currently available on all of Sanibel Island, this brand-new (2026 Yr Built) Coastal Contemporary residence presents an exceptionally rare opportunity to own a newly built island retreat just moments from Sanibel’s world-renowned shell-strewn beaches and turquoise Gulf waters. Recently praised by Southern Living as an “old-school beach town” with “near-perfect weather” and “pristine” sands, Sanibel’s timeless coastal charm is beautifully reflected in this thoughtfully designed home. Built to the latest construction standards for durability, longevity, and peace of mind, this elevated residence features solid concrete construction with a concrete base and pilings, a standing seam metal roof, impact-resistant windows and doors, custom cabinetry, quartz countertops, premium tilework, and a sophisticated coastal-inspired palette. Soaring ceilings, expansive windows, and an airy open floor plan fill the home with abundant natural light and invite in refreshing Gulf breezes, creating a bright and tranquil island sanctuary. Designed for both comfort and future flexibility, the home includes a pre-planned elevator shaft and an inviting outdoor living space complete with a private pool—perfect for relaxing after a day at the beach. Ideally located in one of Sanibel’s highly sought-after East End neighborhoods, residents enjoy exceptional proximity to the beach, the causeway, and the very best of island living. A rare chance to enjoy the ease, efficiency, and beauty of brand-new construction in one of Southwest Florida’s most beloved coastal destinations.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2026
- Interior
- 1,762 sqft
- Lot size
- 13,111.56 sqft
- Acreage
- 0.30 acres
- Garage
- 2 car
- Days on market
- 389
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $18,130/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors
- Exposure
- East
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- New construction
- Yes
- Pets
- Yes
- County
- Lee
Amenities
Based on the $/sqft of 3 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 |
|---|---|---|---|---|---|
| 1010 Kings Crown Drive | Jan 2026 | $1,025,000 | 3/3 | 1,597 | $642 |
| 1040 Kings Crown Drive | Jun 2026 | $1,115,000 | 4/3 | 1,857 | $600 |
| 9056 Mockingbird Drive | Nov 2025 | $1,420,000 | 3/2 | 1,912 | $743 |
| Average | 3 comps | $1,186,667 | $662 |
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 $550,000 (30.6%) from the original list price.
| Jul 7, 2026 | Sold | $1,250,000 |
| May 21, 2026 | Price reducedfrom $1,390,000 | $1,295,000 |
| Mar 23, 2026 | Back on market | |
| May 22, 2025 | Listed | $1,800,000 |
The good, the trade-offs & the location
- Built 2026 — post-2002 Florida wind codes (typically lower insurance)
- New construction
- Private pool
- Storm protection: Impact Windows/Doors
- 2-car garage
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.