When was property at 490 Old Trail Road built and last sold?

The property at 490 Old Trail Road was built in 1969 and last sold on Oct 15, 2020 for $675,000.

How much is this home worth?

The estimated value of the home located at 490 Old Trail Road is $0.

What are some comparable homes to 490 Old Trail Road?

There are currently no comparable homes to 490 Old Trail Road.

Sanibel

33957

Middle Gulf Drive

490 + 460 Old Trail Road

$570,000

● House - Off Market

490 + 460 Old Trail Road

Sanibel, FL 33957

3 Beds

3 Baths

1,621 Ft²

$4,097

Est. Monthly

3.64%

Cap Rate

About This Property

Get ready to make your dreams a reality with this charming cottage property on Sanibel Island! With one acre of privacy, the possibilities are endless. The existing structure is concrete and features an open pool area surrounded by mature vegetation for ample privacy along with a detached garage for sizable storage. This property was Impacted by Hurricane Ian, and can be brought back to its previous luster with modern updates. What a wonderful opportunity to create your vision of this hidden gem. The roof was replaced in 2019 and it also has impact windows. Just a short walk to the beach via Middle Gulf Drive to Algiers Beach.

Unit Size

1,621 Ft²

Days on Market

36 days

Land Size

1.00 acres

Price per sqft

$394

Property Type

House

Property Taxes

$962

HOA Dues

Year Built

1969

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Cap Rate Calculator

Last updated: 2 years ago (SWFLMLS #224089295)

Price History

Date / Event	Date	Event
Jan 8, 2025	Sold	Premium
Sold
Dec 22, 2024	In contract	-
In contract
Dec 3, 2024	Listed by Kingfisher Real Estate, Inc.	$638,500
Listed by Kingfisher Real Estate, Inc.
Sep 23, 2024	Sold	Premium
Sold
Aug 28, 2024	In contract	-
In contract
Jul 29, 2024	Relisted	$650,000
Relisted
Jul 15, 2024	In contract	-
In contract
Jun 26, 2024	Listed by Kingfisher Real Estate, Inc.	$650,000
Listed by Kingfisher Real Estate, Inc.

	Get ready to make your dreams a reality with this charming island property on Sanibel Island! With a spacious one acre of land, the possibilities are endless. There is currently a ground-level home and a pool. Impacted by Hurricane Ian, this property can be brought back to its previous old-world charm and modern updates. It features 3 bedrooms, 2.5 baths, an outdoor shower yet just a short walk to the beach! The grounds are complemented by a pool, fruit trees, and NO HOA, making it an ideal space for family fun. There are hurricane windows, and a newer 2019 roof, which offers both style and functionality. Hurricane Ian impacted this property and needs renovation. It sits ready for your vision to recreate a charming island bungalow. This property has two Property Identification numbers: 25-46-22-T3-01103.0020 - 490 Old Trail 25-46-22-T3-01103.0160 - 460 Old Trail
Oct 6, 2023	No longer available	-
No longer available
Apr 30, 2023	Price Decreased	$799,000 ↓ $26K (3.2%)
Price Decreased
Jan 31, 2023	Price Decreased	$825,000 ↓ $50K (5.7%)
Price Decreased
Jan 2, 2023	Listed by Kingfisher Real Estate, Inc.	$875,000
Listed by Kingfisher Real Estate, Inc.

	460 & 490 Old Trail Rd, LOCATION, LOCATION! ONE FULL ACRE consisting of 2 SUB-DIVIDABLE LOTS just one easy mile from the BEST PUBLIC BEACH ACCESS on the island! 2023 Tax Assessment attaches no value to existing structure: ITS ALL ABOUT THE LAND! Subdivide and/or use original, long-standing cinderblock foundation to elevate and build you new, safer dream home or homes on ONE FULL ACRE OF PARADISE! Sold 'as is' The manager has listed the unit size as 1627 square feet.
Oct 21, 2020	Sold	Premium
Sold
Oct 3, 2008	Sold	Premium
Sold

Property Highlights

Garage

Building Info

Overview

General

Year Built: 1969

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: 7
Interior Walls Type: 3
Roof Shape Type: 1
Roof Cover Type: 15
Floor Count: 100
Living Units: 1
Floor Cover: 13
Basement Type: 0
Basement Area: 0
Garage Type: 4
Garage Square Area: 357
Parking Space Count: 1
Patio Type: 5
Porch Type: 59
Pool Type: 8

Dimensions

Lot Size Square Feet: 25,613

Total Building Area: 3,964
Gross Building Area: 3,964
Building Area: 1,627
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heated Square Feet: 1,627
Heating Fuel Type: 2

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: SANIBEL HIGHLANDS
Land Acres: 0000000588
Standard Land Use Code: 1001
County Land Use Code: 01
State Land Use Code: 001
Legal Description 1: SANIBEL HIGHLANDS BLK 3 PB 7 PG 74 LOTS 2 THRU 5 LESS RD R/W

Neighborhood

School District Name: Lee County School District

Census Tract: 080202

Geography

Assessors Map Reference: 9-25

Account Number: 10021869
Subdivision Tract Number: T3
Parcel: 25-46-22-T3-01103.0020
Block: 3
Lot: 2-5
Meridian: SEC 25 TWN 46S RNG 22E
Municipality: CITY OF SANIBEL
Latitude: 26.433
Longitude: -82.0605

Address

Full Address: 490 Old Trail Rd

Address - House Number: 490
Address - Street Name: Old Trail
Address - Suffix Type: Rd
State: FL
City Name: Sanibel
Carrier Code: R007
4-Digit Zip Code: 4316
Zip Code: 33957

Valuation

Tax

Total Area: 2,123

Tax Year: 2023
Tax Amount: $552,311
Tax Rate Code Area: 010

Appraisal Valuation

Standard Deviation: 0.0816

Valuation Date: Jan 31, 2024
Confidence Score: 93
Final Value: 758,718
High Value: 820,651
Low Value: 696,785

Market Valuation

Market Total Value: $356,237

Market Land Value: $356,227
Market Improvement Value: $10

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $356,237
Assessed Land Value: $356,227
Assessed Improvements Value: $10

Sales

Current Sale Contract Date: Oct 15, 2020

Current Sale Recording Date: Oct 21, 2020
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2020000252760
Previous Sale Recording Date: Oct 03, 2008
Previous Sale Contract Date: Sep 20, 2008
Previous Sale Amount: $286,700
Previous Sale Document Type: 55

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Middle Gulf Drive

Stats & Trends

Median Asking:

$937,000

Sale Price/ft²

$601

Below Asking

0.04%

Average Days on Market

139

Average Home Size

1532 ft²

Average Home Age

45.5 years

Currently For Sale

70 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

Rentals Near You

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Listed by: Phaidra McDermott, Kingfisher Real Estate, Inc.
Last Updated: 2 years ago
Data Source: SWFLMLS, MLS# 224089295

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.

490 + 460 Old Trail Road

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Middle Gulf Drive

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions