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Sanibel 33957 Middle Gulf Drive
1610 Sabal Sands Road
$779,000
● House - Off Market

1610 Sabal Sands Road

Sanibel, FL 33957
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,494 Ft²
$4,582
Est. Monthly
2.21%
Cap Rate

About This Property

Introducing a stunning 3-bedroom, 2-bathroom pool home nestled in a small, exclusive near-beach community with only 8 homesites. This recently updated home offers a brand-new roof, impact windows and doors, vaulted ceilings, and stylish new flooring. Sold furnished with exceptions, this home also features a new air conditioner and plenty of lower-level storage. Enjoy indoor/outdoor living with the expansive Lanai/Florida Room that overlooks the Robert Wigley Conservation Tract. With its prime location, you can easily walk or bike to the beach and enjoy the tranquil surroundings. Additionally, the home adjoins a bike path leading to Algiers Beach shopping, grocery, and restaurants. Don't miss out on this exceptional opportunity to embrace coastal living at its finest.
Unit Size
1,494 Ft²
Days on Market
447 days
Land Size
0.34 acres
Price per sqft
$535
Property Type
House
Property Taxes
$658
HOA Dues
-
Year Built
1987

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 11 months ago ( #224070288)

Price History

Date / Event Date Event Price
Dec 17, 2025 Sold
Premium
Sold
Oct 31, 2025 In contract -
In contract
Oct 21, 2025 Relisted $799,000
Relisted
Oct 17, 2025 In contract -
In contract
Oct 14, 2025 Price Decreased $799,000
↓ $199K (19.9%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 891
  • Parking Space Count: 4
  • Patio Type: 8
  • Porch Type: 35
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 14,941
  • Total Building Area: 5,587
  • Gross Building Area: 5,587
  • Building Area: 2,784
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,784
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANIBEL PALM RIDGE & SANIBEL GARDENS
  • Land Acres: 0000000343
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: 001
  • Legal Description 1: PARL IN GOVT LOT 1 DESC OR 1854 PG 0137

Neighborhood

  • School District Name: Lee County School District
  • Census Tract: 080202

Geography

  • Assessors Map Reference: 9-25
  • Account Number: 10021823
  • Subdivision Tract Number: T3
  • Parcel: 25-46-22-T3-00000.208C
  • Lot: 1
  • Meridian: SEC 25 TWN 46S RNG 22E
  • Municipality: CITY OF SANIBEL
  • Latitude: 26.4356
  • Longitude: -82.0576

    Address

  • Full Address: 1610 Sabal Sands Rd
  • Address - House Number: 1610
  • Address - Street Name: Sabal Sands
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Sanibel
  • Carrier Code: R007
  • 4-Digit Zip Code: 6406
  • Zip Code: 33957

Valuation

    Tax

  • Total Area: 2,389
  • Tax Year: 2023
  • Tax Amount: $822,844
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1787
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 76
  • Final Value: 1,028,602
  • High Value: 1,212,514
  • Low Value: 844,689

    Market Valuation

  • Market Total Value: $544,460
  • Market Land Value: $544,450
  • Market Improvement Value: $10

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $544,460
  • Assessed Land Value: $544,450
  • Assessed Improvements Value: $10

    Sales

  • Current Sale Contract Date: Dec 22, 2020
  • Current Sale Recording Date: Jan 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021000026015
  • Previous Sale Recording Date: Aug 26, 2013
  • Previous Sale Contract Date: Aug 26, 2013
  • Previous Sale Amount: $445,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Middle Gulf Drive

Stats & Trends

Median Asking:

$899,500

Sale Price/ft²

$605

Below Asking

0.03%

Average Days on Market

131

Average Home Size

1566 ft²

Average Home Age

45.6 years

Currently For Sale

81 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 760 Sextant Drive, Sanibel, FL, 33957

$8,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,218 ft²
760 Sextant Drive #321, Sanibel, FL, 33957 Listing by Aron Hubers

Rentals Near You

Click here to view more rentals in the neighborhood.

Frequently Asked Questions

When was property at 1610 Sabal Sands Road built and last sold?
The property at 1610 Sabal Sands Road was built in 1987 and last sold on Dec 22, 2020 for $675,000.
How much is this home worth?
The estimated value of the home located at 1610 Sabal Sands Road is $0.
What are some comparable homes to 1610 Sabal Sands Road?
There are currently no comparable homes to 1610 Sabal Sands Road.
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