23 days on rocket

231 Palm Lake Dr, Sanibel, FL, 33957

$680,000

Home List Price

$8,075*

Closing Credit

3 Bedrooms
2 Full Baths
1,339 SqFt
$508/SqFt
House

Location

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231 Palm Lake Dr, Sanibel$680,000

Buyer Closing Credits

$8,075*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Detached, Garage, Two Spaces, Unpaved
Garage2 spaces
Year Built1975
HeatingNone
CoolingNone
WaterfrontLake Front
ViewLake
MLS #224086617
Lot Size0.36 Acres
StatusActive

About 231 Palm Lake Dr

Super location on Sanibel! Just 2 lots off of Sanibel's prestigious West Gulf Drive and a 2 minute walk to the beach with your deeded beach access. Additionally, this property is located on pretty Palm Lake-serene water views from the living areas, deck and patio. This partially elevated home consists of 3bedrooms, 2 baths, 2 living areas, a large eat in kitchen area and a 2 car garage. One living areas has French doors opening to the deck and back yard. The other living area has 2 sets of sliding doors facing the lake and back yard. The home was hurricane impacted and has been mitigated and taken down to the studs. There appears to be room for a pool but verification is needed by the city. The sellers do have a current flood insurance policy. This is a great opportunity for a Sanibel home in a perfect location. Remodel or re-build.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch, One Story
  • Year Built: 1975
  • Stories: 1
  • Living Area: 1,339 SqFt

Listing Office:

  • Office Name: Royal Shell Real Estate, Inc.
  • Office Phone: (239) 472-0078
  • Listing Agent: Catherine Rosario

Interior Features

Interior Information:

  • Flooring Type: Tile
  • Interior: Bedroom on Main Level, Eat-in Kitchen, French Door(s)/Atrium Door(s), High Ceilings, Main Level Primary, Multiple Primary Suites, See Remarks, Split Bedrooms

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Lake Front
  • View: Lake
  • Exterior: Other, Patio, Room For Pool

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Driveway, Detached, Garage, Two Spaces, Unpaved

Lot Features

Lot Information:

  • Lot: Rectangular Lot
  • Lot Size: 0.36 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

Other

Directions Information:

  • Directions: Sanibel Causeway, right on Periwinkle, left on Tarpon Bay Road, right on West Gulf Drive to Palm Lake Drive. Property is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $680,000
  • Price Per SqFt: $508/SqFt

HOA Fees:

  • Amount: $0
  • Frequency: Annually

Tax Information:

  • Annual Amount: $3,835
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Sanibel, FL.

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Sanibel, FL

City

Med. Sold Price

$988.7K

Med. Price/SqFt

$564

Avg. Days On Market

219

# of Sold Homes

6

231 Palm Lake Dr vs Sanibel

23 DAYS ON ROCKET

-196 Days

$680,000

-$308.7K Less

$508/SqFt

-$57 Less

KEY TAKEAWAY

This property is $308.7K less than the Median Sold Price and $57/SqFt less than other homes in Sanibel, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SWFL
  • MLS Number: #224086617

Listing Office:

  • Office Name: Royal Shell Real Estate, Inc.
  • Office Phone: (239) 472-0078
  • Listing Agent: Catherine Rosario

IDX The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 10:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$3,835$239,149
2019$3,762$233,772
2018$3,753$229,413
2017$3,742$224,694

History based on county public records data.

Payment Calculator

$3,461

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,105

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-579592
10
/10

  • Fort Myers Beach Elementary School

  • 2751 Oak St

  • 9.65 miles

  • Public District Grades KG-5

school-card-donut-579593
5
/10

  • Harlem Heights Community Charter School

  • 15570 Hagie Dr

  • 11.96 miles

  • Public Charter Grades KG-5

school-card-donut-579594
8
/10

  • Oasis Charter Elementary School-South

  • 3415 Oasis Blvd

  • 11.98 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,059. The majority of Sanibel, FL residents have income less than $35k annually. The majority of families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 231 Palm Lake Dr

What is the listing price of this property?

The listing price of 231 Palm Lake Dr property is $680,000.

What type of property is this?

The property 231 Palm Lake Dr is a house located in Sanibel, Florida, 33957.

Is this property for sale now?

Active Listing: 231 Palm Lake Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,835 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 231 Palm Lake Dr has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 231 Palm Lake Dr is 1,339 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 231 Palm Lake Dr is 1975.

Rocket Homes›Florida›Lee County›Sanibel›33957›231 Palm Lake Dr

This home is located at 231 Palm Lake Dr in Sanibel, FL and zip code 33957. This 1,339 square foot home, which was built in 1975, sits on a 0.36 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 30, 2024 and is currently priced at $680,000.

Sanibel, FL housing market in October 2024 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 6 sold below. The inventory of homes for sale in Sanibel, FL between September 2024 and October 2024 increased by 13.3%. In October 2024, listings were on the market for 219 days. During the same period, the median list price in this real estate market was $988,750.

From Rocket Homes Real Estate and based on county public records data.

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