4209 Old Banyan Way
About This Property
Step inside and discover a comfortable and inviting layout designed for easy coastal living, with generous living spaces and a natural flow that makes both everyday living and entertaining a breeze. Whether you're hosting friends or enjoying a quiet evening at home, this residence captures the relaxed elegance that defines life on Sanibel.
Gulf Pines residents enjoy exclusive access to a beautifully maintained community clubhouse-perfect for gatherings and social events-Two swimming pools, as well as tennis courts for an active island lifestyle. Meandering paths wind through the neighborhood, leading you directly to one of Sanibel's most breathtaking stretches of beach, where shelling, sunsets, and the soothing sound of the Gulf become part of your daily routine.
Living here means embracing the very best of the Sanibel lifestyle-morning bike rides along scenic paths, afternoons on the beach, and evenings surrounded by nature's beauty. If you've been searching for a home that offers both tranquility and connection to everything that makes Sanibel so special, this Gulf Pines gem is your opportunity to start. Helping you live the sunshine you've been dreaming of!
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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 3, 2026 | Price Decreased |
$999,000
↓ $196K
(16.4%) | |
| Price Decreased | |||
| Jun 23, 2026 | Price Decreased |
$1,195,000
↓ $55K
(4.4%) | |
| Price Decreased | |||
| Apr 15, 2026 | Listed by Pfeifer Realty Group LLC | $1,250,000 | |
| Listed by Pfeifer Realty Group LLC | |||
| Jan 5, 2006 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017