3 Bed Waterfront Home for Sale in Sanibel
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For SaleMLS# 2026024240

$799,000

3 Bed Waterfront Home for Sale in Sanibel

1986 Wild Lime Drive, Sanibel, FL, 33957

3 beds2 baths1,548 sqft2 garage
GatedBeach AccessWaterfront

About this home

THIS HOUSE HAS IT ALL INCLUDING AN ELEVATOR! Well maintained, remodeled, Sanibel Bayous home is located on a large vegetated, private lot and sits in the "High Ridge" on Sanibel Island. New landscaping, irrigation system, raised flower beds and shell paths. Wonderful split floor plan offering 3 bedrooms and 2 baths with quartz vanities and a private elevator. New LVP flooring throughout, living/dining combination with vaulted ceiling. Kitchen with granite counters, all new GE, Stainless steel appliances and a breakfast bar. The home has been freshly painted inside and out, all new furniture just 6 months old, new ceiling fans, new a/c system, new alarm system/video surveillance visible anywhere via internet. New composite stairs and decks. New 2025 survey with calculations show room for a pool. Great island location, perfect for hopping on bike trails or heading up to Ding Darling Wildlife Sanctuary to bird watch. Close to Bowman's beach for some of Sanibel's world-famous shelling and those spectacular sunsets. This property has NOT had any insurance/hurricane or storm related claims.

Property details

Type
SingleFamilyResidence
Year built
1988
Interior
1,548 sqft
Lot size
21,039.48 sqft
Acreage
0.48 acres
Garage
2 car
Days on market
18
Total association fees
$200/yr (~$17/mo)
CDD
None
Est. taxes (1.4%)
$11,186/yr
Flood zone (area est.)
Not available
Storm protection
None listed
Exposure
East
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
No
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

BeachRightsBeachAccess
Above marketThis home is priced above comparable recent sales.
This home
$516/sqft
Comp median
$457/sqft
Difference
+13%

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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
1769 Bowmans Beach RoadNov 2025$800,0002/21,466$546
5869 Pine Tree DriveFeb 2026$708,0003/21,635$433
5775 Baltusrol Court 302Jul 2026$620,0002/21,356$457
Average3 comps$709,333$479

Market trends, Sanibel

Median list
$965,000
Median $/sqft
$607
Median sold (90d)
$881,000
Avg days on market
178
Active listings
242
Median sold price · Sanibel
$881,000last 3 months16.1% vs $1,050,000 prior 3 months
Median closed price by month · Sanibel
4.1% MoM3.3% YoY
$458k$879k$1.3MJul ’25Aug ’26
$885,000Aug ’26 · 23 sales

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

Pros
  • Waterfront
  • 2-car garage
Consider
  • Built 1988 — pre-2002 construction may carry older wind codes and higher insurance
Location convenienceModerate
Hospital
16.8 mi
HealthPark Medical Center
Beach
3.2 mi
Sanibel Island
Airport
19.7 mi
Page Field (Fort Myers)
Shopping
18.2 mi
Coralwood / Merchants Crossing (Cape)

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

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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.