Skip main navigation
For sale
    • Price cut: $2K (7/2)
    $823,000

    785 Rabbit Rd, Sanibel, FL 33957

    3beds
    2,300sqft
    : 
    Loading
    Get pre-qualified
    Single Family Residence
    Built in 1987
    0.38 Acres Lot
    $762,700 Zestimate®
    $358/sqft
    $-- HOA

    What's special

    Fully furnished
    ****UPDATED 6/26/2026**** SELLER CREDIT TO BUYER FOR INSTALLATION OF POOL WITH THE RIGHT OFFER. SEE PROPOSED POOL PICTURES WITH COST ESTIMATES AVAILABLE UPON REQUEST. Attention Investors — Collect Rental Income From Day One This fully furnished 3-bedroom, 2-bathroom property is a rare opportunity for investors seeking immediate cash flow and long-term potential. Fully rented and income-producing, it offers a turnkey investment with low-maintenance ownership and affordable flood insurance costs. Whether you’re looking to expand your investment portfolio or secure your future island retreat, this property lets you generate rental income now while keeping the option to enjoy island living later—part-time or full-time. Property Highlights: • Fully furnished• Fully rented with immediate rental income• Turnkey, low-maintenance investment• Low flood insurance costs• Strong income-producing opportunity• Potential future island home or vacation getaway Don’t miss this opportunity to own an investment property that works for you from day one.
    95 days
    |
    530
    |
    23
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tony Dibiase 239-839-4987,

    John R. Wood Properties

    Source: Sanibel And Captiva Island AOR,MLS#: 2260375MLS Logo

    Loading...

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Den, Family Room, Kitchen, Living Room
      Heating
      • Central
      Cooling
      • Ceiling Fan(s), Central Air, See Remarks, Zoned
      Appliances
      • Included: Cooktop, Dishwasher, Disposal, Dryer, Freezer, Internet Ready, Microwave, Pot Filler, Electric Range, Refrigerator-Ice maker, Washer, Water Heater, See Remarks
      Features
      • Eat-in Kitchen, Storage, Cathedral Ceiling(s)
      • Flooring: Tile
      • Doors: Impact Resistant Doors
      • Windows: Impact Resistant Windows
      • Has fireplace: Yes
      Interior area
      • Total structure area: 3,054
      • Total interior livable area: 2,300 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Double Garage, See Remarks
      • Garage spaces: 2
      Features
      • Patio & porch: Patio
      • Exterior features: Storage
      • Has view: Yes
      • View description: River
      • Has water view: Yes
      • Water view: River
      • Waterfront features: River Front, River, Near Beach
      • Frontage length: 10
      Lot
      • Size: 0.38 Acres
      Details
      • Parcel number: 284622T2000051010

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Hard-l-Board
      • Foundation: Raised, Piling Wood
      • Roof: Metal
      Condition
      • Year built: 1987

      Utilities & green energy

      • Sewer: Assessment Paid
      • Water: Assessment Paid

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Sanibel Hamlet
      HOA
      • Has HOA: No
      Location
      • Region: Sanibel

      Financial & listing details

      • Price per square foot: $358/sqft
      • Tax assessed value: $639,984
      • Annual tax amount: $8,524
      • Date on market: 4/10/2026
      • Cumulative days on market: 96 days
      • Listing terms: BTF/Cash,Consider Exchange

        Estimated market value

        $762,700

        $725,000 - $801,000

        $4,455/mo

        Price history

        DateEventPrice
        7/2/2026Price change$823,000-0.2%$358/sqft
        Source: Florida Gulf Coast MLS #2026010789 Report a problem
        4/10/2026Listed for sale$825,000-2.8%$359/sqft
        Source: Florida Gulf Coast MLS #2026010789 Report a problem
        2/2/2026Listing removed$849,000$369/sqft
        Source: Florida Gulf Coast MLS #2025018194 Report a problem
        11/17/2025Listing removed$9,000$4/sqft
        Source: Florida Gulf Coast MLS #225033078 Report a problem
        11/2/2025Listed for sale$849,000-4.6%$369/sqft
        Source: Florida Gulf Coast MLS #2025018194 Report a problem
        10/17/2025Price change$9,000+100%$4/sqft
        Source: Florida Gulf Coast MLS #225033078 Report a problem
        8/11/2025Listing removed$890,000$387/sqft
        Source: Florida Gulf Coast MLS #225053258 Report a problem
        8/1/2025Price change$4,500-10%$2/sqft
        Source: Florida Gulf Coast MLS #225033078 Report a problem
        6/5/2025Listed for sale$890,000$387/sqft
        Source: SWFLMLS #225053258 Report a problem
        4/30/2025Listing removed$890,000$387/sqft
        Source: SWFLMLS #225010301 Report a problem
        3/30/2025Listed for rent$5,000+1401.5%$2/sqft
        Source: Florida Gulf Coast MLS #225033078 Report a problem
        3/21/2025Price change$890,000-1.1%$387/sqft
        Source: Sanibel And Captiva Island AOR #2250267 Report a problem
        2/5/2025Listed for sale$900,000-5.2%$391/sqft
        Source: SWFLMLS #225010301 Report a problem
        9/16/2024Listing removed$333
        Source: Zillow Rentals Report a problem
        6/25/2024Listing removed--
        Source: SWFLMLS #224044607 Report a problem
        5/20/2024Listed for sale$949,000+183.3%$413/sqft
        Source: SWFLMLS #224044607 Report a problem
        2/17/2024Listing removed--
        Source: Zillow Rentals Report a problem
        2/15/2024Price change$333-96.7%
        Source: Zillow Rentals Report a problem
        1/16/2024Listed for rent$10,000+66.7%$4/sqft
        Source: Zillow Rentals Report a problem
        9/28/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        9/9/2022Price change$6,000+2300%$3/sqft
        Source: Zillow Rental Manager Report a problem
        9/4/2022Price change$250-95.8%
        Source: Zillow Rental Manager Report a problem
        3/27/2022Listed for rent$6,000$3/sqft
        Source: Zillow Rental Manager Report a problem
        8/2/2019Sold$335,000+41.5%$146/sqft
        Source: Florida Gulf Coast MLS #219027684 Report a problem
        8/10/2016Sold$236,745+52.7%$103/sqft
        Source: Public Record Report a problem
        12/21/1999Sold$155,000$67/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$8,524 +18.1%$519,780 +10%
        2024$7,216 -26%$472,527 -11%
        2023$9,752 +23.2%$530,862 +10%
        2022$7,913 +19.9%$482,602 +10%
        2021$6,599 +3.6%$438,729 +4.9%
        2020$6,370 +6.6%$418,282 -1.3%
        2019$5,977 $423,944 -1.1%
        2018$5,977 -9.5%$428,774 -0.4%
        2017$6,608 -2.3%$430,403 +10.1%
        2016$6,762 +106.1%$390,778 +0.9%
        2015$3,281 -1.2%$387,305 +1.4%
        2014$3,321 +0.2%$381,801 +21.6%
        2013$3,313 +1.8%$313,905 -4.4%
        2012$3,255 +1.2%$328,482 +0.7%
        2011$3,215 -0.8%$326,143 -0.4%
        2010$3,242 +16.5%$327,479 -10.7%
        2009$2,784 +0%$366,750 -21.5%
        2007$2,783 -2.1%$467,330 +46.2%
        2006$2,844 -3.9%$319,650 +35.6%
        2004$2,958 +1.4%$235,660 +3.8%
        2003$2,917 +0.7%$227,020 +5.8%
        2002$2,898 $214,630 +48.9%
        2000-- $144,110
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 33957

        Getting around

        23 / 100
        Car-Dependent
        80 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

              Nearby cities

              Nearby zip codes

              Other Sanibel Topics

                Search
                Updates
                Favorites
                Plan
                Inbox