new - 7 days on rocket

429 E Gulf Dr Unit 51, Sanibel, FL, 33957

$295,000

Home List Price

$3,503*

Closing Credit

1 Bedroom
1 Full Bath
600 SqFt
$492/SqFt
Condo

Location

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429 E Gulf Dr Unit 51, Sanibel$295,000

Buyer Closing Credits

$3,503*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1969
HeatingWall Furnace
CoolingCentral Air, Ceiling Fan(s), Electric
WaterfrontNone
ViewOther
MLS #224080678
StatusActive

About 429 E Gulf Dr Unit 51

Nestled in the sought-after East End of Sanibel Island, this top-floor one-bedroom, one-bath condo at The Colony Inn offers a unique chance to craft your own tropical retreat or investment property. Construction is ongoing and you will have the freedom to design the space exactly how you imagine, as the unit has been brought down to a "white box" state, ready for your personal touch. Enjoy serene tropical views from the screened porch, making it an ideal island escape or vacation rental. The Colony Inn allows for flexible rental terms—nightly, weekly, or monthly—through their on-site rental management office, ensuring great potential with many returning guests. The property features a community pool and offers easy beach access, perfect for a relaxing getaway or winter retreat. Its prime location is just a short walk to shopping, dining, and more, with quick off-and-on island access. Don’t miss your chance to own this slice of paradise!

Property Details

Property Features

Property Information:

  • Architectural Style: See Remarks, Low Rise
  • Year Built: 1969
  • Living Area: 600 SqFt

Listing Office:

  • Office Name: John R. Wood Properties
  • Office Phone: (239) 472-2411
  • Listing Agent: LeAne Taylor Suarez

Interior Features

Interior Information:

  • Flooring Type: Tile
  • Interior: Family/Dining Room, Living/Dining Room, Other, Tub Shower

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • View: Other
  • Exterior: Security/High Impact Doors, Other

Lot Features

Lot Information:

  • Lot: Corner Lot

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Central Air, Ceiling Fan(s), Electric

School Info

Assigned Schools Information:

  • Cypress Lake High School, Public Magnet Grades 9-12
  • South Fort Myers High School, Public District Grades 9-12
  • Estero High School, Public District Grades 9-12
  • The Sanibel School, Public District Grades PK-8
  • Heights Elementary School, Public Magnet Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $295,000
  • Price Per SqFt: $492/SqFt
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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

$802.5K

Med. Price/SqFt

$547

Avg. Days On Market

134

# of Sold Homes

12

429 E Gulf Dr Unit 51 vs Sanibel

7 DAYS ON ROCKET

-127 Days

$295,000

-$507.5K Less

$492/SqFt

-$56 Less

KEY TAKEAWAY

This property is $507.5K less than the Median Sold Price and $56/SqFt less than other homes in Sanibel, FL.

Based on homes sold in September 2024

MLS Details

MLS Information:

  • MLS Name: SWFL
  • MLS Number: #224080678

Listing Office:

  • Office Name: John R. Wood Properties
  • Office Phone: (239) 472-2411
  • Listing Agent: LeAne Taylor Suarez

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: 10/22/2024, 9:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,540

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$951

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.

Elementary School

school-card-donut-546900
9
/10

  • The Sanibel School

  • 3840 Sanibel Captiva Rd

  • 5.62 miles

  • Public District Grades PK-8

school-card-donut-546901
7
/10

  • Heights Elementary School

  • 15200 Alexandria Ct

  • 7.97 miles

  • Public Magnet Grades PK-5

High School

school-card-donut-546902
4
/10

  • Cypress Lake High School

  • 6750 Panther Ln

  • 9.94 miles

  • Public Magnet Grades 9-12

school-card-donut-546903
2
/10

  • South Fort Myers High School

  • 14020 Plantation Rd

  • 12.50 miles

  • Public District Grades 9-12

school-card-donut-546904
4
/10

  • Estero High School

  • 21900 River Ranch Rd

  • 14.28 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $76,119. Most Sanibel, FL residents have annual incomes between $35k-100k. Typical family type is 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 429 E Gulf Dr Unit 51

What is the listing price of this property?

The listing price of 429 E Gulf Dr Unit 51 property is $295,000.

What type of property is this?

The property 429 E Gulf Dr Unit 51 is a condo located in Sanibel, Florida, 33957.

Is this property for sale now?

Active Listing: 429 E Gulf Dr Unit 51 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 429 E Gulf Dr Unit 51 are:
The Sanibel School: GreatSchools Rating 9/10
Heights Elementary School: GreatSchools Rating 7/10
Cypress Lake High School: GreatSchools Rating 4/10
South Fort Myers High School: GreatSchools Rating 2/10
Estero High School: GreatSchools Rating 4/10

How many bedrooms and bathrooms does this property have?

The property at 429 E Gulf Dr Unit 51 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 429 E Gulf Dr Unit 51 is 600 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 429 E Gulf Dr Unit 51 is 1969.

Rocket Homes›Florida›Lee County›Sanibel›33957›429 E Gulf Dr Unit 51

This home is located at 429 E Gulf Dr Unit 51 in Sanibel, FL and zip code 33957. This 600 square foot home was built in 1969. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since October 14, 2024 and is currently priced at $295,000.

While more than 0 listings in Sanibel, FL in September 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 12 were sold below. Between August 2024 and September 2024, Sanibel, FL real estate market has seen increase in the number of listings by 0.9%. Listings spent 134 days on the market in September 2024, and had a median list price of $802,500 during the same period.

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

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