$699,000
4 Bed 2 Bath Waterfront SingleFamilyResidence for Sale in METES AND BOUNDS, FL
838-840 Rabbit Road, Sanibel, FL, 33957
About this home
Beautifully remodeled, near beach duplex with 2 bedrooms and 1 bath on each side with adjoining deck and a shared screened lanai overlooking the Sanibel River. Freshly painted inside and out, new roof, new hot water heaters, new impact front doors, new exterior stairs and deck surrounded by new lushly landscaped yard with Mosquito Nix system, irrigation system and a new driveway. Each side offers new tile plank floors, new kitchen cabinetry, new stainless-steel appliances, new quartz counters and fixtures. New washer & dryer. New fans throughout. Bathrooms include new vanities with quartz counters, custom showers with glass enclosure. Great island location, peaceful surroundings, close to the beach and enjoy great wildlife and bird watching right off your back deck overlooking the Sanibel River. Under house parking for both sides.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1990
- Interior
- 1,600 sqft
- Lot size
- 14,505.48 sqft
- Acreage
- 0.33 acres
- Garage
- None
- Days on market
- 497
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $9,786/yr
- Flood zone (area est.)
- Not available
- Storm protection
- None listed
- Exposure
- Southwest
- 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
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 |
|---|---|---|---|---|---|
| 595 Sea Oats Drive | Aug 2025 | $759,000 | 3/2 | 1,715 | $443 |
| 662 E Rocks Drive | Jul 2025 | $600,000 | 3/2 | 1,718 | $349 |
| 548 Chert Court | Feb 2026 | $650,000 | 3/2 | 1,746 | $372 |
| Average | 3 comps | $669,667 | $388 |
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 $329,000 (33.6%) from the original list price.
| Jun 3, 2026 | Sold | $650,000 |
| Jan 21, 2026 | Price reducedfrom $739,000 | $699,000 |
| Oct 25, 2024 | Listed | $979,000 |
The good, the trade-offs & the location
- Waterfront
- Built 1990 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
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.