1501 Middle Gulf Drive

1501 Middle Gulf Drive is a condo located in Middle Gulf Drive, Sanibel.

Interested in learning more about the building? There are many great amenities and features for residents in the building. On weekends, residents can enjoy the building's patio. There are 87 closings on record, of which we have matching data for 26 listings. In the past 3 years, a listing in this building will typically remain on the market for about 73 days and tend to sell below the original asking price of $492,000 by 3.09%. Meaning, listings tend to sell at a median of $720 price per square foot. The transaction that took the longest to complete was unit E108, listed on May 31, 2020 for $1,199,900. This particular unit ultimately sold 367 days later for $1,125,000. The most recent transaction was for unit F403, which was first advertised on May 27, 2022, sold for $795,000 on Apr 05, 2023. Fun fact, the oldest transaction we have on record took place on Sep 12, 1994. See the full transaction history for 1501 Middle Gulf Drive below.

Middle Gulf Drive, where 1501 Middle Gulf Drive is located, has a median asking price of $875,000 for condo buildings. Meanwhile, the building itself has a median asking price of $492,000. For interested buyers, that means the building's median asking price is around 0.44% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There are currently 11 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $1,300,000. It is a 1,208 sqft 2 bedroom and 2 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $625,000. It is a 778 sqft 1 bedroom and 1 bathroom unit. A breakdown of active listings shows no studio, 4 one-bedroom, 7 two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $995,000. Collectively, the median square footage of these active units for sale is 966 sqft. Active units for sale at 1501 Middle Gulf Drive are mostly 2-bedroom apartments Active units for sale at 1501 Middle Gulf Drive have a median count of 2 bedrooms and have a median count of 2 bathrooms.