$799,000
●
House -
For Sale
1986 Wild Lime Drive
Sanibel, FL 33957
3 Beds
2 Baths
1,548 Ft²
$4,589
Est. Monthly
$17
HOA / Fees
About This Property
THIS HOUSE HAS IT ALL INCLUDING AN ELEVATOR! Well maintained,
remodeled, Sanibel Bayous home is located on a large vegetated,
private lot and sits in the "High Ridge" on Sanibel Island. New
landscaping, irrigation system, raised flower beds and shell paths.
Wonderful split floor plan offering 3 bedrooms and 2 baths with
quartz vanities and a private elevator. New LVP flooring
throughout, living/dining combination with vaulted ceiling. Kitchen
with granite counters, all new GE, Stainless steel appliances and a
breakfast bar. The home has been freshly painted inside and out,
all new furniture just 6 months old, new ceiling fans, new a/c
system, new alarm system/video surveillance visible anywhere via
internet. New composite stairs and decks. New 2025 survey with
calculations show room for a pool. Great island location,
perfect for hopping on bike trails or heading up to Ding Darling
Wildlife Sanctuary to bird watch. Close to Bowman's beach for some
of Sanibel's world-famous shelling and those spectacular sunsets.
This property has NOT had any insurance/hurricane or storm related
claims.
Unit Size
1,548 Ft²
Days on Market
152 days
Land Size
0.48 acres
Price per sqft
$516
Property Type
House
Property Taxes
$649
HOA Dues
$17
Year Built
1988
Listed By
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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: 9 days ago ( #2026024240)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 4, 2026 | Listed by Michael Saunders & Company | $799,000 | |
| Listed by Michael Saunders & Company | |||
| May 1, 2026 | No longer available | - | |
| No longer available | |||
| Nov 14, 2025 | Price Decreased |
$849,000
↓ $130K
(13.3%) | |
| Price Decreased | |||
| Mar 27, 2025 | Listed by Michael Saunders & Company | $979,000 | |
| Listed by Michael Saunders & Company | |||
| | |||
|
THIS HOUSE HAS IT ALL INCLUDING AN ELEVATOR! Well maintained, remodeled, Sanibel Bayous home is located on a large vegetated, private lot and sits in the "High Ridge" on Sanibel Island. New landscaping, irrigation system, raised flower beds and shell paths. Wonderful split floor plan offering 3 bedrooms and 2 baths with quartz vanities and a private elevator. New LVP flooring throughout, living/dining combination with vaulted ceiling. Kitchen with granite counters, all new GE, Stainless steel appliances and a breakfast bar. The home has been freshly painted inside and out, all new furniture just 6 months old, new ceiling fans, new a/c system, new alarm system/video surveillance visible anywhere via internet. New composite stairs and decks. New 2025 survey with calculations show room for a pool. Great island location, perfect for hopping on bike trails or heading up to Ding Darling Wildlife Sanctuary to bird watch. Close to Bowman's beach for some of Sanibel's world-famous shelling and those spectacular sunsets. This property has NOT had any insurance/hurricane or storm related claims.
| |||
| Aug 2, 2024 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Garage
Elevator
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Underground, Garage, Garage Door Opener
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Built-in Features, Pantry, Vaulted Ceiling(s), Elevator, LivingDiningRoom, ShowerOnly, SeparateShower, SplitBedrooms, Workshop
Appliances: Dryer, Dishwasher, Disposal, Ice Maker, Microwave, Range, Refrigerator, Refrigerator, Washer
Flooring Type: Other
Laundry Features: Inside
Exterior Details
Square Footage: 1548
Square Footage Source: $0
Security Features: Security System, Smoke Detector(s), BurglarAlarmMonitored
Property Condition: Resale
Architectural Style: Florida, Stilt
Year Built: 1988
Waterfront Features: Mangrove
Building Area Total: 3036
Window Features: CasementWindows, SingleHung, Sliding
Construction Materials: Stucco, Wood Siding, WoodFrame
Lot Features: OversizedLot, SprinklersAutomatic
Lot Size Area: 0.483
Lot Size Units: Acres
Lot Size Acres: 0.483
Lot Size Square Feet: 21039.48
Lot Size Dimensions: 100 x 220 x 100 x 200
Tax Lot: 101
Water Source: Public
Financial Details
Tax Annual Amount: $7,789
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s), Electric
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None
HOA/Condo/Coop Amenities: Beach Rights, Beach Access
Condo/Coop Fee: $200
Condo/Coop Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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