$3,195,000
3 Bed Waterfront Home for Sale in Sanibel
3127 W Gulf Drive 101, Sanibel, FL, 33957
About this home
Wow! What a view! Sanibel’s Signature Address for Elegant Gulf Front Living. When you think of the namesynonymous with sophisticated waterfront living on Sanibel, one community always stands above the rest.Wedgewood. Ideally positioned along West Gulf Drive, this premier complex embodies relaxed island luxury andeffortless comfort. Unit 101 is located in the building closest to the Gulf, offering sweeping east-facing panoramicviews—so expansive that on a clear day, you can see all the way to Naples. Add in the unforgettable sunsets, and theviews alone make this residence extraordinary. Inside, the unit is completely brand new—every element has beenreplaced and finished to the highest standard. Features include: Solid oak wood flooring, all new fixtures andplumbing, solid wood interior doors, Thermador appliances, Cambria quartz countertops in the kitchen and baths,custom cabinetry throughout, artistically tiled bathrooms, wet bar with two wine refrigerators, impact resistantwindows and doors, new air conditioning systems and a new roof. Designed with a completely neutral palette, theinterior serves as a stunning, timeless foundation—ready for you to personalize and create your perfect retreat in thesun. Additional storm protection includes exterior hurricane shutters, impact sliders encasing the entire lanai, and asecond set of impact sliders leading into both the living room and primary bedroom. The enclosed den/office withpocket doors offers flexibility and can easily function as a fourth bedroom.The Wedgewood features a serenecourtyard pool, two enclosed parking spaces, and convenient ground-level storage.This exceptional, fullyreconstructed residence is ready for you to simply turn the key and step into the finest Gulf Front living Sanibel has tooffer.
Property details
- Type
- Condominium
- Year built
- 1994
- Interior
- 2,642 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- 2 car
- Days on market
- 121
- Total association fees
- $30,000/yr (~$2,500/mo)
- CDD
- None
- Est. taxes (1.4%)
- $44,730/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors
- Exposure
- West
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — Gulf frontage
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- 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
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.
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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 |
|---|---|---|---|---|---|
| 3131 W Gulf Drive 305 | Jan 2026 | $2,500,000 | 3/3 | 2,642 | $946 |
| Average | 1 comps | $2,500,000 | $946 |
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.
The good, the trade-offs & the location
- Gulf access (Direct — Gulf frontage)
- Storm protection: Impact Windows/Doors
- 2-car garage
- Built 1994 — pre-2002 construction may carry older wind codes and higher insurance
- Higher association fees (~$30,000/yr)
Straight-line distances to major SWFL amenities, approximate; actual drive times vary.
Nearby schools
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Similar homes nearby
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.