$3,500,000
4 Bed Waterfront Home for Sale in Sanibel
503 E Gulf Drive A, Sanibel, FL, 33957
About this home
Beach lovers and boaters will appreciate this furnished modern/mid-century gulf front condo - one of only two units - offering 4 bedrooms, 4.5 baths with panoramic views of the gulf. Soaring cathedral ceilings creates the feeling of spaciousness in the living area and modern kitchen which features an expansive island with breakfast bar, 8-burner gas stove, double-oven, steam/warming tray, wine cooler, and trash compactor. Extensive use of wood throughout, solid wood doors, and 3 gulf front lanais. Two guest bedrooms with en suite bathroom and balcony. Beautiful gulf view from primary bedroom with screened-in lanai, bathroom with large walk-in shower, 2 shower heads & double vanities. 4-car tandem garage, and lower level walkout lanai leading directly to the private boardwalk to the beach. Condo is part of Kinzie Island’s HOA enjoying a 50' pool, assigned boat slip on canal with gulf access, private beach lockers, showers & restrooms, fitness center, clay tennis/pickleball and bocce courts. This is a truly one-of-a-kind property on Sanibel and a lifestyle that's second to none!
Property details
- Type
- Condominium
- Year built
- 1989
- Interior
- 2,686 sqft
- Lot size
- 1,698.84 sqft
- Acreage
- 0.04 acres
- Garage
- 4 car
- Days on market
- 480
- Total association fees
- $41,500/yr (~$3,458/mo)
- CDD
- None
- Est. taxes (1.4%)
- $49,000/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — Gulf frontage
- Pool
- No
- Spa
- No
- Natural gas
- Yes
- 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.
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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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 $495,000 (12.4%) from the original list price.
| Jun 26, 2026 | Price reducedfrom $3,695,000 | $3,500,000 |
| Apr 28, 2025 | Listed | $3,995,000 |
The good, the trade-offs & the location
- Gulf access (Direct — Gulf frontage)
- Storm protection: Impact Windows/Doors
- 4-car garage
- Built 1989 — pre-2002 construction may carry older wind codes and higher insurance
- Higher association fees (~$41,500/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.