$1,399,000
3 Bed Waterfront Home for Sale in Sanibel
1299 Middle Gulf Drive 191, Sanibel, FL, 33957
About this home
Here's your opportunity to own a slice of paradise at the coveted Sanibel Gulf-front community of Compass Point! This corner/end unit has unbelievable beach and gulf views that dreams are made of. The floor to ceiling sliders allow you to enjoy the serene gulf waters and swaying palms when you wake up in the primary bedroom, while relaxing in the living room, making breakfast in the kitchen, or dining on the lanai! The screened and glass enclosed lanai spans the entire width of the unit, with spiral staircase that goes directly down to private cabana. This unique setup gives you extra (air conditioned) space (307 additional SF) for entertaining, with additional studio-type space with 3/4 bath, wet bar, and direct beach access. The cabana space also provides plenty of space to store your bikes and beach gear, right on ground level. From your cabana, head straight to the white sand on the newly built boardwalk. This unit has undergone complete remediation after hurricane Ian, is furnished turnkey, and ready to call home. Compass Point allows weekly rentals, and this unit has had consistent, long-term rental history-- for those who may want extra income while not occupying the unit themselves. Heated pool and pool house updated, along with new tennis and pickleball courts, gas grills, and bocce court. Don't wait another minute to create memories in your beautiful Sanibel beach condo!
Property details
- Type
- Condominium
- Year built
- 1979
- Interior
- 1,358 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 136
- Total association fees
- $27,080/yr (~$2,257/mo)
- CDD
- None
- Est. taxes (1.4%)
- $19,586/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors
- Exposure
- North
- 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
Based on the $/sqft of 3 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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Your notes on this home
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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 |
|---|---|---|---|---|---|
| 1401 Middle Gulf Drive O206 | Apr 2026 | $1,275,000 | 2/2 | 1,531 | $833 |
| 1401 Middle Gulf Drive 204T | Jul 2026 | $1,200,000 | 3/2 | 1,451 | $827 |
| 1501 Middle Gulf Drive 303K | May 2026 | $1,295,000 | 2/2 | 1,208 | $1,072 |
| Average | 3 comps | $1,256,667 | $911 |
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
- Built 1979 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
- Higher association fees (~$27,080/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.
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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.