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Sanibel 33957 West Gulf Drive
460 Sawgrass Place
Photo of 460 Sawgrass Place

8

Map

Photo of 460 Sawgrass Place
Photo of 460 Sawgrass Place
$899,000
↓ $26K (2.8%)
● Land - For Sale

460 Sawgrass Place

Sanibel, FL 33957
bedrooms
Studio
bathrooms
0 Bath
$5,188
Est. Monthly

About This Property

This is the island opportunity you have been waiting for - an incredible single-family buildable homesite on West Gulf Drive with private driveway access off Sawgrass Place. In this low-density subdivision with beautiful island-style homes awaits a cleared lot (.38 of an acre) with electricity, sewer, and water already in place.  In addition, there is deeded beach access directly across the street to Sanibel's world-famous beaches.  Home plans are available upon request.  Enjoy some of the best shelling in the world, or take a bike ride to one of the many island attractions from this desirable location.  This lot will allow you to build the home of your dreams on the West end of Sanibel and take advantage of everything the island offers!
Unit Size
-
Days on Market
666 days
Land Size
0.38 acres
Price per sqft
-
Property Type
Land
Property Taxes
$774
HOA Dues
-
Year Built
1968

Listed By

Wendy Kirschner
[email protected]
Pfeifer Realty Group LLC
Eric Pfeifer
Eric Pfeifer
[email protected]
Pfeifer Realty Group LLC

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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: 4 months ago ( #224094836)

Price History

Date / Event Date Event Price
Jul 30, 2026 Price Decreased $899,000
↓ $26K (2.8%)
Price Decreased
Jan 6, 2025 Listed by Pfeifer Realty Group LLC $925,000
Listed by Pfeifer Realty Group LLC
May 4, 2023 Sold
Premium
Sold
Apr 19, 2023 No longer available -
No longer available
Mar 17, 2023 In contract -
In contract
Show More

Property Highlights

Exterior Details
Waterfront Features: None
Lot Features: Rectangular Lot
Lot Size Area: 0.376
Lot Size Units: Acres
Lot Size Acres: 0.376
Lot Size Square Feet: 16378.56
Lot Size Dimensions: 118 x 150 x 118 x 150
Tax Lot: 6
Water Source: Public
Financial Details
Tax Annual Amount: $9,283
Utilities Details
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None
HOA/Condo/Coop Amenities: None

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 2
  • Full Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 59
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,379
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,180
  • Total Building Area: 766
  • Gross Building Area: 766
  • Building Area: 520
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 520
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: SANIBEL THE ROCKS
  • Land Acres: 0000000376
  • Standard Land Use Code: 8001
  • County Land Use Code: 01
  • State Land Use Code: 001
  • Legal Description 1: HUSCHKA S/D PB 47 PG 44 LOT 6

Neighborhood

  • School District Name: Lee County School District
  • Census Tract: 080203

Geography

  • Assessors Map Reference: 9-28
  • Account Number: 10023433
  • Subdivision Tract Number: T3
  • Parcel: 28-46-22-T3-00500.0060
  • Block: 500
  • Lot: 6
  • Meridian: SEC 28 TWN 46S RNG 22E
  • Municipality: CITY OF SANIBEL
  • Latitude: 26.4315
  • Longitude: -82.1092

    Address

  • Full Address: 460 Sawgrass Pl
  • Address - House Number: 460
  • Address - Street Name: Sawgrass
  • Address - Suffix Type: Pl
  • State: FL
  • City Name: Sanibel
  • Carrier Code: R004
  • 4-Digit Zip Code: 5403
  • Zip Code: 33957

Valuation

    Tax

  • Total Area: 564
  • Tax Year: 2023
  • Tax Amount: $774,660
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1787
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 76
  • Final Value: 675,546
  • High Value: 796,332
  • Low Value: 554,759

    Market Valuation

  • Market Total Value: $569,644
  • Market Land Value: $569,644

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $479,028

    Sales

  • Current Sale Contract Date: Apr 17, 2023
  • Current Sale Recording Date: May 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 159697
  • Previous Sale Recording Date: Aug 13, 2021
  • Previous Sale Contract Date: Aug 12, 2021
  • Previous Sale Amount: $800,000
  • 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 West Gulf Drive

Stats & Trends

Median Asking:

$999,000

Sale Price/ft²

$545

Below Asking

0.05%

Average Days on Market

133

Average Home Size

2183 ft²

Average Home Age

38.4 years

Currently For Sale

36 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 548 Boulder Drive, Sanibel, FL, 33957

$6,500 /mo

  • 3 Beds
  • 3 Baths
  • 1,969 ft²
548 Boulder Drive, Sanibel, FL, 33957 Listing by Shannon Schaffer

Rentals Near You

Click here to view more rentals in the neighborhood.

Frequently Asked Questions

When was property at 460 Sawgrass Place built and last sold?
The property at 460 Sawgrass Place was built in 1968 and last sold on Apr 17, 2023 for $850,000.
How much is this home worth?
The estimated value of the home located at 460 Sawgrass Place is $907,990.
What are some comparable homes to 460 Sawgrass Place?
There are currently no comparable homes to 460 Sawgrass Place.
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