37
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729 Sand Dollar Drive
About This Property
Inside, a bright, open-concept floor plan flows effortlessly under the security of impact glass windows and a durable standing seam metal roof. The interior shines with high-end finishes, including luxury vinyl plank flooring throughout and a chef's kitchen complete with sleek quartz countertops, custom cabinetry, and stainless steel appliances.
Boasting over 140 feet of premier canal frontage, this property is a boater's dream. The private composite dock is equipped with a brand-new 10,000-pound boat lift, putting you out on the open waters of the Gulf in mere minutes. After a day at the sea, unwind in your private backyard sanctuary featuring a sparkling swimming pool, an expansive sundeck, and lush landscaping tailored for seamless outdoor entertaining. With deeded beach access just a short stroll away, you are perfectly positioned minutes from Sanibel's beloved local boutiques, world-class dining, and easy on/off-island access.
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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 |
|---|---|---|---|
| Oct 19, 2026 | Listed by John R. Wood Properties | $1,299,000 | |
| Listed by John R. Wood Properties | |||
| Dec 29, 2025 | Sold | ||
| Sold | |||
| Nov 25, 2025 | In contract | - | |
| In contract | |||
| Oct 20, 2025 | Listed by Compass Florida, LLC | $1,099,000 | |
| Listed by Compass Florida, LLC | |||
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Experience the best of island living in this beautifully renovated canal-front retreat located in the coveted Shell Harbor community on Sanibel’s East End. Whether you’re searching for a proven investment or a private family getaway, this home offers the perfect hybrid of personal enjoyment and income potential—with a strong rental history and solid 2026 bookings that can transfer to the new owner.
Inside, coastal-inspired design meets modern luxury with an open layout featuring quartz countertops, custom cabinetry, luxury vinyl flooring, and stylish furnishings throughout. The 4-bedroom, 3-bathroom layout has been reconfigured for both functionality and flow, creating a bright, inviting atmosphere ideal for entertaining or relaxing after a day on the water.
Outdoors, enjoy your private slice of paradise complete with a sparkling pool and sundeck, a composite dock stretching over 140 feet of canal frontage, and a standing seam metal roof for peace of mind. With direct Gulf access, boating enthusiasts will appreciate how quickly you can be out on open water. The property also includes deeded beach access—just a short stroll away—allowing you to experience the best of both the beach and boating lifestyles.
Located on the East End for convenient on/off island access and close proximity to shops, dining, and groceries, this turnkey home is fully furnished and ready to deliver immediate enjoyment and future income alike.
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| Jun 2, 2025 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017