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Sold for $262,000
  • $262,000

    409 E Gulf Dr APT 18, Sanibel, FL 33957

    1beds
    600sqft
    Condominium
    Built in 1968
    -- sqft lot
    $241,300 Zestimate®
    $437/sqft
    $1,692 Estimated rent

    Home value

    $241,300

    $229,000 - $253,000

    $1,692/mo

    Zestimate® history
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    What's special

    Most Affordable Near-Beach Opportunity on Sanibel & Captiva! Discover the perfect blend of island charm, comfort, and value with this delightful one-bedroom, one-bath condominium located at The Colony Inn on Sanibel’s sought-after East End. This ground floor unit is beautifully updated and thoughtfully decorated with a relaxed, coastal-cottage vibe that instantly makes you feel at home. Whether you’re searching for a personal island retreat or a proven vacation rental investment, this turnkey property is ready to enjoy from day one. Inside, you’ll find a bright and inviting living space enhanced by tasteful furnishings and plenty of natural light. The kitchen has been updated with modern finishes, offering everything needed for comfortable day-to-day living or extended stays. The bathroom has also been refreshed, blending clean design with coastal-inspired touches. The spacious bedroom features two double beds, ideal for accommodating family and guests with ease. Step out onto the screened-in porch and take in the lush tropical views—a perfect spot to sip your morning coffee, read a book, or unwind after a day at the beach. From here, you’re just a short stroll away from Sanibel’s sugar-sand shores, where seashells, gentle breezes, and Gulf sunsets await. The Colony Inn offers owners and guests a truly carefree island lifestyle with flexible rental options. The on-site rental management program allows for nightly, weekly, and monthly rentals, making this one of the most versatile and affordable investment opportunities on the island. The property enjoys a strong base of repeat visitors, ensuring excellent rental potential throughout the year. Owners also appreciate the convenience of professional management services that handle everything from check-ins to maintenance, making ownership effortless. Located on Sanibel’s desirable East End, The Colony Inn is just moments from shops, restaurants, and the iconic Sanibel Lighthouse. This area of the island is loved for its walkability, charm, and easy access on and off the causeway—perfect for those who want both tranquility and convenience. Whether you’re dreaming of an island escape for yourself, a winter retreat, or a revenue-producing vacation property, this condo delivers on every level. Enjoy the laid-back Sanibel lifestyle where you can bike to the beach, explore nature trails, and dine by the water—all just steps from your front door. Don’t miss this rare chance to own one of the most affordable near-beach properties on Sanibel Island. It’s an incredible opportunity to get your toes in the sand and start living the island dream! Buyer to verify square footage; measurements were taken from the condominium directory.

    Zillow last checked: 7 hours ago

    Listing updated: December 03, 2025 at 09:23am

    Listed by:

    Kelly Huguenin 423-903-4684,

    Pfeifer Realty Group LLC

    Bought with:

    OTHER OTHER

    Other

    Source: Sanibel And Captiva Island AOR,MLS#: 2251031MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    Primary bathroom
    • Features: Shower Only, Tile
    Heating
    • Wall Unit Heat
    Cooling
    • Ceiling Fan(s), Wall Unit(s)
    Appliances
    • Included: Dishwasher, Disposal, Microwave, Electric Range, Refrigerator
    Features
    • 8 Ft Ceilings, Beamed Ceilings
    • Flooring: Tile
    • Doors: Sliding Doors
    • Has fireplace: No
    Interior area
    • Total structure area: 675
    • Total interior livable area: 600 sqft

    Property

    Parking
    • Parking features: Assigned, Guest, Open
    Features
    • Entry location: Ground Level
    • Patio & porch: Screened
    • Pool features: Community
    • Has view: Yes
    • View description: Lawn/Garden
    • Waterfront features: None/Not Applicable, Near Beach, Gulf
    Details
    • Parcel number: 204623T3023000180

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Garden Apartment,Ground Level
    • Property subtype: Condominium
    Materials
    • Stucco, CBS
    Condition
    • Updated/Remodeled
    • Year built: 1968

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s), None/Not Applicable
    Location
    • Region: Sanibel

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $2,700 quarterly
    • Amenities included: Laundry, Barbecue, Pool, Storage
    • Services included: Maintenance Structure, Insurance, Irrigation, Landscape/Lawn, Legal and Accounting, Manager, Recreation Facilities, Sewer, Trash, Water
    • Association phone: 239-472-5151

    Other

    Other facts
    • Listing terms: BTF/Cash

    Price history

    DateEventPrice
    12/3/2025Sold$262,000+5.2%$437/sqft
    Source: Sanibel And Captiva Island AOR #2251031 Report a problem
    11/3/2025Pending sale$249,000$415/sqft
    Source: Florida Gulf Coast MLS #2025016882 Report a problem
    11/3/2025Contingent$249,000$415/sqft
    Source: Sanibel And Captiva Island AOR #2251031 Report a problem
    10/31/2025Listed for sale$249,000+126.4%$415/sqft
    Source: Florida Gulf Coast MLS #2025016882 Report a problem
    4/4/2013Sold$110,000-55.1%$183/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$365 -0.3%$24,575
    2024$365 -9.6%$24,575 -8.8%
    2023$404 -86.8%$26,950 -87%

    Find assessor info on the county website

    Neighborhood: 33957

    Nearby schools

    GreatSchools rating
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    $241,300
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    With Zillow Showcase(estimated)
    $246,126