See Home Value
$435,000
● House - Off Market

586 Boulder Drive

Sanibel, FL 33957
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,306 Ft²
$3,083
Est. Monthly
4.49%
Cap Rate

About This Property

MOTIVATED SELLER - Don't miss this charming home at 586 Boulder! Just a short walk to the beach, you can also launch a kayak from the community lake in your backyard or stroll through the neighborhood. East Rocks offers everything you need! This is a great opportunity to customize your ideal beach house. With a functional 3/2 floor plan, spacious sunroom, and large garage, the home is ready for your personal touch. The yard is ready to be restored to its former glory, creating your own island oasis. The house has been remediated after Hurricane Ian, with drywall removed. Power and water are connected, making it perfect for any contractor looking to start renovations!

The seller is highly motivated, making this an excellent opportunity to create your dream island retreat.
Unit Size
1,306 Ft²
Days on Market
374 days
Land Size
0.31 acres
Price per sqft
$383
Property Type
House
Property Taxes
$628
HOA Dues
-
Year Built
1973

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago ( #224052396)

Price History

Date / Event Date Event Price
Jun 27, 2025 Sold
Sold
Jun 9, 2025 In contract -
In contract
Apr 10, 2025 Price Decreased $499,999
↓ $19K (3.7%)
Price Decreased
Apr 6, 2025 Price Decreased $519,000
↓ $20K (3.7%)
Price Decreased
Feb 25, 2025 Price Decreased $539,000
↓ $11K (2%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1982
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 17
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,504
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 950
  • Total Building Area: 2,592
  • Gross Building Area: 2,592
  • Building Area: 1,590
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,590
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANIBEL THE ROCKS
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: 001
  • Legal Description 1: THE ROCKS UNIT 3 BLK 3 PB 28 PG 4 LOT 11

Neighborhood

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

Geography

  • Assessors Map Reference: 9-28
  • Account Number: 10023613
  • Subdivision Tract Number: T4
  • Parcel: 28-46-22-T4-01203.0110
  • Block: 3
  • Lot: 11
  • Meridian: SEC 28 TWN 46S RNG 22E
  • Municipality: CITY OF SANIBEL
  • Latitude: 26.4347
  • Longitude: -82.1157

    Address

  • Full Address: 586 Boulder Dr
  • Legal Unit: 3
  • Address - House Number: 586
  • Address - Street Name: Boulder
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sanibel
  • Carrier Code: R004
  • 4-Digit Zip Code: 5304
  • Zip Code: 33957

Valuation

    Tax

  • Total Area: 1,785
  • Tax Year: 2023
  • Tax Amount: $784,490
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.0816
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 93
  • Final Value: 655,634
  • High Value: 709,153
  • Low Value: 602,116

    Market Valuation

  • Market Total Value: $517,774
  • Market Land Value: $517,764
  • Market Improvement Value: $10

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $517,774
  • Assessed Land Value: $517,764
  • Assessed Improvements Value: $10

    Sales

  • Current Sale Contract Date: Aug 17, 2023
  • Current Sale Recording Date: Aug 31, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 289624
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About West Gulf Drive


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


Frequently Asked Questions

When was property at 586 Boulder Drive built and last sold?
The property at 586 Boulder Drive was built in 1973 and last sold on Aug 17, 2023 for $600,000.
How much is this home worth?
The estimated value of the home located at 586 Boulder Drive is $530,655.
What are some comparable homes to 586 Boulder Drive?
There are currently no comparable homes to 586 Boulder Drive.