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Sanibel 33957 Middle Gulf Drive
2178 Starfish Lane
$2,000,000
● House - Off Market

2178 Starfish Lane

Sanibel, FL 33957
bedrooms
3 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
3,102 Ft²
$11,997
Est. Monthly
$196
HOA / Fees
0.49%
Cap Rate

About This Property

Incredible construction with no expense spared to this magnificent custom built home located in the private gated community of Butterknife. Consisting of 29 exquisite residences on west gulf drive with deeded beach access across the street and recreational amenities including heated pool, tennis, and pickleball. Mediterranean inspired, the home boasts over 3100 square feet of spacious living overlooking a peaceful preserve for the utmost in privacy and tranquility. Bask in the sun as you enjoy the heated resort style pool and spa with sun shelf and cascading water falls. Some of the many features include a private elevator, gourmet kitchen, coffered ceilings, crown molding, outdoor kitchen, precast concrete floors, impact windows, plantation shutters, central vac, European closets, surround sound, and so much more.
Unit Size
3,102 Ft²
Days on Market
-
Land Size
0.64 acres
Price per sqft
$645
Property Type
House
Property Taxes
$1,980
HOA Dues
$196
Year Built
2004

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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: 2 years ago (SWFLMLS #223094550)

Price History

Date / Event Date Event Price
Dec 24, 2024 No longer available -
No longer available
Dec 22, 2023 Listed by John R. Wood Properties $2,000,000
Listed by John R. Wood Properties
Apr 15, 2004 Sold
Premium
Sold
Sep 21, 2000 Sold
Premium
Sold

Property Highlights

Garage
Elevator
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 3
  • Basement Area: 297
  • Garage Type: 1
  • Garage Square Area: 1,731
  • Parking Space Count: 6
  • Patio Type: 20
  • Porch Type: 102
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 27,716
  • Total Building Area: 8,912
  • Gross Building Area: 8,912
  • Building Area: 4,890
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 4,890
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BUTTERKNIFE S/D
  • Land Acres: 0000000636
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: 001
  • Legal Description 1: BUTTERKNIFE S/D PB 48 PG 57 LOT 24

Neighborhood

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

Geography

  • Assessors Map Reference: 9-36
  • Account Number: 10024937
  • Subdivision Tract Number: T1
  • Parcel: 36-46-22-T1-00600.0240
  • Block: 600
  • Lot: 24
  • Meridian: SEC 36 TWN 46S RNG 22E
  • Municipality: CITY OF SANIBEL
  • Latitude: 26.4268
  • Longitude: -82.0715

    Address

  • Full Address: 2178 Starfish Ln
  • Address - House Number: 2178
  • Address - Street Name: Starfish
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Sanibel
  • Carrier Code: R803
  • 4-Digit Zip Code: 6111
  • Zip Code: 33957

Valuation

    Tax

  • Total Area: 4,658
  • Tax Year: 2023
  • Tax Amount: $2,838,324
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.182
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 2,187,747
  • High Value: 2,586,127
  • Low Value: 1,789,366

    Market Valuation

  • Market Total Value: $2,368,148
  • Market Land Value: $741,216
  • Market Improvement Value: $1,565,984

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,690,836

    Sales

  • Current Sale Contract Date: Apr 14, 2004
  • Current Sale Recording Date: Apr 15, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6225081
  • Previous Sale Recording Date: Sep 21, 2000
  • Previous Sale Amount: $250,000
  • 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:

$925,000

Sale Price/ft²

$603

Below Asking

0.03%

Average Days on Market

125

Average Home Size

1585 ft²

Average Home Age

45.1 years

Currently For Sale

89 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

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SWFLMLS

Listed by: Barry Waddell, John R. Wood Properties
Last Updated: 2 years ago
Data Source: SWFLMLS, MLS# 223094550
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2026 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 2178 Starfish Lane built and last sold?
The property at 2178 Starfish Lane was built in 2004 and last sold on Apr 14, 2004 for $1,440,000.
How much is this home worth?
The estimated value of the home located at 2178 Starfish Lane is $2,013,357.
What are some comparable homes to 2178 Starfish Lane?
There are currently no comparable homes to 2178 Starfish Lane.
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