487 East Gulf Drive

Sanibel, FL 33957

$2,100,000
Price
3
Beds
3
Baths
1
1/2 Bath
2,288 Sq. Ft.
$918 / Sq. Ft.
2,288
Sq. Ft.
$918
per Sq. Ft.

Description

RARE opportunity to own an exclusive Sanibel home that maintains a unique year-round private residential family setting by not allowing rentals. Located on the coveted EAST END allowing ease of getting on/off island, this property has 250’ of GULF FRONTAGE & SPECTACULAR VIEWS! With 2,288’, this 3BR/3.5 BA corner, townhouse, lives like a single family house. A private elevator opens into the great rm w/stone floor, soaring beamed ceiling & stunning 2-story coral wall /fireplace. Two-story, floor to...RARE opportunity to own an exclusive Sanibel home that maintains a unique year-round private residential family setting by not allowing rentals. Located on the coveted EAST END allowing ease of getting on/off island, this property has 250’ of GULF FRONTAGE & SPECTACULAR VIEWS! With 2,288’, this 3BR/3.5 BA corner, townhouse, lives like a single family house. A private elevator opens into the great rm w/stone floor, soaring beamed ceiling & stunning 2-story coral wall /fireplace. Two-story, floor to ceiling windows allow natural light to flood in. Custom wood cabinetry, high-end appliances are features of the KIT. A generous primary BR suite has a seating area, deck access, WIC w/organizers & in-suite BA w/dual sinks, jetted tub, separate WIS & laundry chute. Both guest BRs have an attached BA. A ½ BA is located on the main level. Overlooking the great rm, a loft showcases sparkling Gulf water views. Under the house is a 2 + garage with new garage door & extra storage as well as expansive wood deck.
  1. Listed by Ted Benjamin • VIP Realty Group,Inc
  2. Listed by James Hetmanek • VIP Realty Group,Inc

Property Details for 487 East Gulf Drive

Development
TIGUA CAY CONDO
Building Design
Duplex, Low Rise (1-3)
Community Type
Non-Gated
Waterfront
Yes
Waterfront Desc
Beach Front, Gulf
Waterfront Desc
On the Gulf Beach, Gulf Frontage
View
Gulf
Garage Spaces
2.00

Location

Listing Courtesy of VIP Realty Group,Inc, Ted Benjamin; VIP Realty Group,Inc, James Hetmanek
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LISTING UPDATED: 04/25/2024 12:18 PM

Property Details for 487 East Gulf Drive

StatusActive
MLS #222067191
Days on Market605
Taxes$17,071 / year
HOA Fees$8,000 / quarter
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condo
Year Built1982
CountyLee County

Location

Listing Courtesy of VIP Realty Group,Inc, Ted Benjamin; VIP Realty Group,Inc, James Hetmanek
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Building Information for 487 East Gulf Drive

Building/Complex487 E Gulf DrFloor-Stories3Residences2Pet PolicyAllowedYear Built1982

Payment Calculator

$15,550 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,461

Property Taxes

$1,423

HOA Dues

$2,667

The Payment Calculator is for illustrative purposes only.

Property Information for 487 East Gulf Drive

Summary
Location and General Information
  • City: SANIBEL
  • Directions: Summerlin Rd west toward Sanibel; take causeway; at 4-way stop on Sanibel proceed straight on Lindgren; At the intersection with E. Gulf, turn left; Proceed on E. Gulf; 'Tigua Cay will be on the right side
  • Human Modified: Yes
  • Latitude: 26.45
  • Longitude: -82.03
  • MLS Area Major: SI01 - Sanibel Island
  • Pets: No Approval Needed
  • Postal Code: 33957
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Street Direction Prefix: E
  • Street Name: Gulf
  • Street Number: 487
  • Street Suffix: DR
  • Block: 3100
  • Full Address: 487 E Gulf DR
  • View: Yes
Parking
  • Attached Garage: Yes
  • Carport Spaces: .00
  • Carport: No
  • Covered Spaces: 2.00
  • Garage: Yes
  • Parking Features: Attached, Covered, Garage, Two Spaces, Garage Door Opener
Taxes and HOA Information
  • Amenity Rec Fee: $.00
  • Application Fee: $.00
  • Condo Fee: $.00
  • Primary HOA Fee: $32,000.00
  • HOA Fee: $8,000.00
  • HOA Fee Freq: Quarterly
  • Maintenance: Association Management, Insurance, Maintenance Grounds, Pest Control
  • Association Mngmt Phone: 239-472-5020
  • Mandatory HOA: Yes
  • HOA Desc: Mandatory
  • Tax Annual Amount: $17,071.00
  • Tax Year: 2021
  • Transfer Fee: $.00
  • Association Fee 3: $.00
Virtual Tour
Property
Lot Information
  • Source of Measure Total Area: Appraiser
  • Development Name: TIGUA CAY CONDO
  • Parcel Number: 20-46-23-T3-03100.4870
  • Property Type: Residential
  • Section: 20
  • Lot Unit: 487
  • Source of Measure Living Area: Appraiser
  • Source of Measure Lot Dimensions: Appraiser
  • Lot Desc: Other
  • Acres: 0.08
  • Lot Size Area: 0.08
  • Source of Measurements: Appraiser
  • Lot Size Units: Acres
  • Legal Desc: TIGUA CAY CONDO OR 1649 PG 2645 UNIT 487
Property and Assessments
  • Total Area: 2288.0
  • Rear Exposure: SE
  • Approx Living Area: 2288.0
  • Possession: Close Of Escrow
  • Property Condition: Resale
  • Property Sub Type: Condominium
  • Township: 46
  • Range: 23
  • Special Assessment: 0.00
  • Sub Condo Name: TIGUA CAY CONDO
  • Year Built Numeric: 1982
  • Property Sub Type Additional: Condominium, Duplex
  • Restrictions: Architectural, Deed Restrictions
Lease Information
  • Land Lease Fee: $.00
  • Lease Amount Per Area Unit: Dollars Per Square Foot
  • One Time Land Lease Fee: $.00
  • One Time Mandatory Club Fee: $.00
  • One Time Othe Fee: $.00
  • One Time Special Assessment Fee: $.00
Utilities
  • Sewer: Central
  • Utilities: Cable Available, High Speed Internet Available, Underground Utilities
  • Water Source: Public
  • Water: Central
Multi Family
Multi-Family Information
  • Common Interest: Condominium
  • Num Unit Floor: 2
  • Annual Food And Beverage Minimum: 0.00
  • Units in Complex: 4
  • Other Fee: $.00
  • Stories: 2.0
  • Total Floors: 3
  • Total Annual Recurring Fees: $32,000.00
  • Total One Time Fees: $.00
  • Units in Building: 2
  • Unit Location: 2
Interior and Exterior Features
Exterior Features
  • Architectural Style: Multi Level, Two Story, Duplex, Low Rise
  • Association Amenities: Beach Rights, Beach Access, Bike Storage, Pool, Storage
  • Boat Access: None
  • Canal Width: None
  • Community Features: Non Gated
  • Construction: Poured Concrete, Wood Frame, Concrete Block
  • Exterior Features: Deck, Storage, Shutters Electric
  • Exterior Features: Deck, Storage
  • Irrigation Source: Municipal
  • Patio And Porch Features: Deck, Open, Porch
  • Pool Features: Community
  • Private Pool: No
  • Roof: Built Up, Flat, Rolled Hot Mop
  • Security Features: Security System Leased, Burglar Alarm Monitored, Security System, Smoke Detectors
  • Structure Type: Low Rise, Duplex
  • Gulf Access Type: Other
  • Gulf Access: Yes
  • Spa: No
Interior Features
  • Appliances: Built In Oven, Dryer, Dishwasher, Freezer, Gas Cooktop, Disposal, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Baths Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 4.0
  • Beds Total: 3
  • Bedrooms: 3 Bed
  • Cooling: Central Air, Ceiling Fans, Electric
  • Cooling: Yes
  • Elevator Text Details: Private
  • Fireplace: Yes
  • Flooring: Carpet
  • Furnished Desc: Furnished
  • Heating: Central, Electric
  • Heating: Yes
  • Interior Features: Breakfast Bar, Builtin Features, Bathtub, Closet Cabinetry, Cathedral Ceilings, Dual Sinks, Entrance Foyer, Fireplace, Jetted Tub, Living Dining Room, Pantry, Separate Shower, Cable TV, Upper Level Primary, Walk In Closets, Wiredfor Sound, Central Vacuum, Elevator, High Speed Internet, Loft
  • Interior Features: Built-In Cabinets, Built-Ins, Closet Cabinets, Cathedral Ceiling, Foyer, Fireplace, Pantry, Cable Prewire, Walk-In Closet, Surround Sound Wired, High Speed Available, Smoke Detectors, Window Coverings
  • Laundry Features: Inside
  • Levels: Two
  • Rooms Total: 0
  • Window Features: Single Hung, Sliding, Window Coverings
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 487 East Gulf Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 487 East Gulf Drive

Taxable ValueLand-Additions$1,503,655Total-
Tax Record2023$22,015 ($1,835 / month)
Home Facts
Beds2Total Finished SqFt1,457 SqFtAbove Grade Finished SqFt1,457 SqFtStories2Lot Size3,508 SqFtStyleCondominiumYear Built1982Year Renovated1983CountyLEEAPN20-46-23-T3-03100.4870

Schools near 487 East Gulf Drive

This home is within Lee.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
The Sanibel School
PublicPK to 8

Cypress Lake Middle School
Public6 to 8

South Fort Myers High School
Public9 to 12

Fort Myers High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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487 East Gulf Drive is a condo for sale in Sanibel, FL 33957. This property was listed for sale on September 7, 2022 by VIP Realty Group,Inc, it's currently listed at $2,100,000. It has been on the market for a total of 605 days and was last sold on May 11, 2017. This listing's school district is Lee. Nearby schools include The Sanibel School, Cypress Lake Middle School and South Fort Myers High School. 487 East Gulf Drive is a 3-bed, 3.5-bath, 2,288 sqft condo built in 1982.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of VIP Realty Group,Inc, Ted Benjamin; VIP Realty Group,Inc, James Hetmanek

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.