2348 Wulfert Road
About This Property
Mature palms and native vegetation give the property its distinctive island character, while northern rear exposure offers an inviting orientation for future outdoor living spaces. Here, the setting creates an opportunity to design a home that embraces Sanibel's wildlife, tropical surroundings, and relaxed coastal lifestyle.
For those seeking an active social and recreational experience, separate membership at The Sanctuary Golf Club offers access to golf, tennis, fitness, swimming, dining, and club activities, subject to membership availability and club terms. Club membership is not included with the property purchase.
Bring your vision to this naturally beautiful setting and explore the possibilities for a custom Sanibel home. Building plans and site improvements are subject to applicable City of Sanibel requirements and community architectural approvals.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 27, 2026 | Listed by Pfeifer Realty Group LLC | $299,000 | |
| Listed by Pfeifer Realty Group LLC | |||
| Sep 1, 2026 | No longer available | - | |
| No longer available | |||
| Dec 20, 2025 | Price Decreased |
$298,000
↓ $51K
(14.6%) | |
| Price Decreased | |||
| Mar 9, 2025 | Price Decreased |
$349,000
↓ $50K
(12.5%) | |
| Price Decreased | |||
| May 10, 2024 | Listed by Kingfisher Real Estate, Inc. | $399,000 | |
| Listed by Kingfisher Real Estate, Inc. | |||
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One of the few remaining parcels at The Sanctuary with excellent elevation and wonderful privacy afforded by the preservation land to the east. The Sanctuary is an Audubon recognized golf course designed by Arthur Hills. Stunning scenery and in harmony with nature. World class golf along with exceptional amenities are at your fingertips in addition to being very close to the beautiful beaches on the west end of Sanibel Island. The west area of Sanibel has lower density and a large amount of protected lands making it the ultimate island location. Owners may select from a list of approved builders to design and build their home. Architectural guidelines are required to maintain rhythm and harmony within the community. A full CORE guideline package is available to interested parties.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017