2 months 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

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

$1.0M

Med. Price/SqFt

$565

Avg. Days On Market

103

# of Sold Homes

13

429 E Gulf Dr Unit 51 vs Sanibel

68 DAYS ON ROCKET

-35 Days

$295,000

-$705K Less

$492/SqFt

-$74 Less

KEY TAKEAWAY

This property is $705K less than the Median Sold Price and $74/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: #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: 12/22/2024, 5:20:52 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.

Nearby Schools

school-card-donut-895375
10
/10

  • Fort Myers Beach Elementary School

  • 2751 Oak St

  • 5.30 miles

  • Public District Grades KG-5

school-card-donut-895376
5
/10

  • Harlem Heights Community Charter School

  • 15570 Hagie Dr

  • 7.63 miles

  • Public Charter Grades KG-5

school-card-donut-895377
7
/10

  • Heights Elementary School

  • 15200 Alexandria Ct

  • 7.95 miles

  • Public District Grades KG-5

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. The majority of families are married, no kids. The majority of 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.

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.

Over 0 listings were sold over their listed price in November 2024 in Sanibel, FL. In the same period over 12 listings were sold below the listed price and 1 listings were sold for the listed price. The inventory of homes for sale in Sanibel, FL between October 2024 and November 2024 increased by 30.1%. In November 2024, listings were on the market for 103 days. During the same period, the median list price in this real estate market was $1,000,000.

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

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