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Map
491 MARIAN ROAD
About This Property
Tucked away for a more exclusive feel, yet moments from Sanibel's renowned beaches, dining, boutiques, and water activities, this lot is perfectly suited for buyers seeking a luxurious island retreat or investors looking to secure a premium homesite in a highly desirable location. With no HOA and no deed restrictions, the property offers unusual freedom to design and build to current code, tailored to today's standards and tomorrow's expectations.
Envision a custom beach home with pool, lush tropical landscaping, and elegant indoor-outdoor living - all just steps from sun, surf, and world-famous shelling. A rare Sanibel offering with exceptional lifestyle appeal and strong investment potential.
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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 |
|---|---|---|---|
| Jul 6, 2026 | Price Decreased |
$189,000
↓ $50K
(20.9%) | |
| Price Decreased | |||
| Apr 1, 2026 | Listed by FLORIDA HOMES REALTY & MORTGAGE GVILLE | $239,000 | |
| Listed by FLORIDA HOMES REALTY & MORTGAGE GVILLE | |||
| Sep 21, 2021 | No longer available | - | |
| No longer available | |||
| Sep 15, 2021 | Listed by Robert Slack LLC | $300,000 | |
| Listed by Robert Slack LLC | |||
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Rarely available lot in Sanibel Highlands. Build your dream home in the heart of the island!! Close to restaurants, attractions, and beaches. Property is wooded, and ready for your future beach getaway!! Utilities are on the street already, and easily accessible. Please see attachment for parcel map, and dimensions.
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| Apr 30, 2010 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017