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Sanibel 33957 Middle Gulf Drive
490 Marian Road
$605,000
● House - Off Market

490 Marian Road

Sanibel, FL 33957
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,124 Ft²
$3,599
Est. Monthly
2.34%
Cap Rate

About This Property

Charming Sanibel Retreat – Mid-Island Gem!This delightful 2-bedroom, 2-bath home offers spacious and comfortable island living with a flowing floor plan that includes a bright kitchen, dining area, and inviting living room. Nestled in a tranquil mid-island location, you'll love relaxing on the covered, screened-in porch, perfect for morning coffee or unwinding after a beach day. Step outside to your own private sparkling pool-ideal for soaking up the sun and enjoying the Florida lifestyle.Located just minutes from Sanibel's shopping, dining, and grocery stores, this home offers the perfect blend of peaceful surroundings and convenient access to everything you need. Whether you're searching for a personal getaway or a full-time residence, this charming island home is ready for you to make it your own.
Unit Size
1,124 Ft²
Days on Market
348 days
Land Size
0.52 acres
Price per sqft
$577
Property Type
House
Property Taxes
$411
HOA Dues
-
Year Built
1979

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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: 7 months ago ( #225016666)

Price History

Date / Event Date Event Price
Apr 7, 2026 Sold
Premium
Sold
Feb 9, 2026 In contract -
In contract
Dec 13, 2025 Price Decreased $649,000
↓ $50K (7.2%)
Price Decreased
Nov 20, 2025 Price Decreased $699,000
↓ $50K (6.7%)
Price Decreased
Jun 27, 2025 Price Decreased $749,000
↓ $50K (6.3%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 228
  • Parking Space Count: 1
  • Patio Type: 8
  • Porch Type: 102
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 22,651
  • Total Building Area: 3,242
  • Gross Building Area: 3,242
  • Building Area: 1,124
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,124
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANIBEL HIGHLANDS
  • Land Acres: 0000000520
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: 001
  • Legal Description 1: SANIBEL HIGHLANDS BLK 16 PB 37 PG 74 LOTS 13 THRU 16

Neighborhood

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

Geography

  • Assessors Map Reference: 9-25
  • Account Number: 10022180
  • Subdivision Tract Number: T4
  • Parcel: 25-46-22-T4-01116.0130
  • Block: 16
  • Lot: 13-16
  • Meridian: SEC 25 TWN 46S RNG 22E
  • Municipality: CITY OF SANIBEL
  • Latitude: 26.4332
  • Longitude: -82.0658

    Address

  • Full Address: 490 Marian Rd
  • Address - House Number: 490
  • Address - Street Name: Marian
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Sanibel
  • Carrier Code: R007
  • 4-Digit Zip Code: 6221
  • Zip Code: 33957

Valuation

    Tax

  • Total Area: 1,390
  • Tax Year: 2023
  • Tax Amount: $463,647
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.2106
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 71
  • Final Value: 743,752
  • High Value: 900,439
  • Low Value: 587,064

    Market Valuation

  • Market Total Value: $335,105
  • Market Land Value: $335,095
  • Market Improvement Value: $10

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $335,105
  • Assessed Land Value: $335,095
  • Assessed Improvements Value: $10

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 21, 2002
  • Current Sale Recording Date: Sep 03, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Nov 16, 1998
  • Previous Sale Contract Date: Oct 30, 1998
  • Previous Sale Amount: $172,000
  • 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:

$939,000

Sale Price/ft²

$601

Below Asking

0.04%

Average Days on Market

139

Average Home Size

1545 ft²

Average Home Age

45.4 years

Currently For Sale

73 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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Frequently Asked Questions

When was property at 490 Marian Road built and last sold?
The property at 490 Marian Road was built in 1979 and last sold on Aug 21, 2002 for $335,000.
How much is this home worth?
The estimated value of the home located at 490 Marian Road is $0.
What are some comparable homes to 490 Marian Road?
There are currently no comparable homes to 490 Marian Road.
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