$227,500
SOLD MAY 12, 2025

409 E Gulf Dr Unit 1 Sanibel, FL 33957

1 Bed
1 Bath
540 Sq Ft
$900/mo HOA Fee

Recently Sold

$421 Per Sq Ft

24% Below List Price

264 Days on Market

Highlights

  • Outdoor Pool
  • Garden View
  • High Impact Windows
  • Sanibel Elementary School Rated A-
  • Porch
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of May 2025

Beautiful Sanibel Island East End location provides amazing opportunity for you to create your own tropical retreat and/or rental opportunity. This lovely corner unit has additional windows filling the condo with sunlight. The Colony Inn allows daily rentals and on-site management making it ideal for an investment. Construction continues and allows for you to create the oasis you envision. Community Pool and easy beach access complete the perfect vacation for you, family, friends and guests. Easy off-on island location and walking distance to shopping, dining, and more compliments the setting. Take advantage of this fabulous SW Florida beach retreat opportunity!

Last Agent to Sell the Property

Susan McCallion

McCallion and McCallion License #3225968 Listed on: 07/25/2024

Last Buyer's Agent

OTHER OTHER

Other

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $388

Year Built

  • Built in 1968

HOA Fees

  • $900 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Entry on the 2nd floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 540 Sq Ft Home
  • Ceiling height between 8 to 10 feet
  • Combination Dining and Living Room
  • Garden Views

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Outdoor Features

  • Outdoor Pool
  • Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 20-46-23-T3-02300.0010

Community Details

Overview

  • Association fees include cable TV, exter pest control, insurance bldg, internet, irrigation, landscape/lawn, legal and accounting, manager, pool service
  • $1,233 Other Monthly Fees
  • Colony Inn Association, Phone Number (239) 472-5151
  • Colonnades Community

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Recreation

  • Community Pool

Pet Policy

  • Limit on the number of pets

Security

  • High Impact Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$388

Year Built

Built in 1968

Lot Details

0

HOA Fees

$900 per month

Listing Details

  • Class: Condo
  • Property Type: Condo
  • Legal Description: THE COLONNADES CONDOMINIUM OR 464 PG 376 APT 1
  • Strap Number: 20-46-23-T3-02300.0010
  • Subject To F I R P T A: No
  • Year Built: 1968
  • Level: 2
  • Pet Limits: Owners only - 2 small dogs or 1 medium size 70 lbs maximum.
  • Pets: Limits
  • Folio Id: 10126081
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Price Per S Q F T: 421.3
  • Appliances: Other Add Agt Note
  • Estimated Living Sq Ft: 540
  • Bathrooms: 1
  • Bathrooms Display: 1/0
  • Bedrooms: 1
  • Ceiling: 8 Ft Ceilings
  • Den: No
  • Fireplace: No
  • Flooring: Other Add Agt Note
  • Furnished: No
  • Furnishing: Unfurnished
  • Windows: Impact Resistant Windows

Exterior Features

  • Misc Exterior: CBS
  • Waterfront: Other Add Agt Note
  • Waterfront: No
  • Coastal Construction: In Front of 1974
  • Pool: Yes
  • View: Lawn/Garden

Garage/Parking

  • Parking: No Garage/Carport

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Yes
  • Cooling: Wall Unit Cooling
  • Heating: Wall Unit Heat
  • Security: See Remarks

Condo/Co-op/Association

  • Association Fees Disp: Y - $2700/Q
  • Association Fee: 2700
  • Association Fee Period: Quarterly
  • Association Right Of Refusal: Yes
  • Association Management: Colony Inn
  • Management Company Phone: 239-472-5151
  • Condo Amenities: Community Laundry, Grills, Pool
  • Condo Name: Colonnades
  • Fees Include: Cable TV, Exter Pest Control, Insurance Bldg, Internet, Irrigation, Landscape/Lawn, Legal and Accounting, Manager, Pool Service
  • Govern Bodies: Condo Association
  • HOA: Yes
  • Master Association Disp: $/
  • Members Right Of Refusal: No
  • Other Fees: 3700
  • Other Fees Period: Quarterly

Lot Info

  • Geo Update Timestamp: 2024-07-25
  • Geo Address Line: 409 E Gulf Dr
  • Geo Primary City: Sanibel
  • Geo Quality: 0.95
  • Geo Subdivision: FL
  • Geo Zoom Level: 16

Rental Info

  • Application Required: Yes
  • Rent History: Daily rentals allowed
  • Rent Phone: 239-472-5151
  • Rent Type: Daily

Tax Info

  • Tax Amount: 388
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2024
Closed on
May 12, 2025
Sold by
Shults Ingrid
Bought by
Beach Glow Vacation Rentals Llc
Seller's Agent
Susan McCallion
McCallion and McCallion
Buyer's Agent
OTHER OTHER
Other
List Price
$299,000
Sold Price
$227,500
Premium/Discount to List
-$71,500
-23.91%
Views
106
Current Estimated Value
$239,077

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,577
Avg. Annual Appreciation
7.35%
Original Mortgage
$214,613
Outstanding Balance
$213,849
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$25,228

Purchase Details

Listed on
Oct 7, 2014
Closed on
Dec 9, 2014
Sold by
Wendell Linda
Bought by
Shults Ingrid and Shults George
Seller's Agent
Michael McMurray
Royal Shell Real Estate, Inc.
Buyer's Agent
Susan McCallion
List Price
$195,000
Sold Price
$185,000
Premium/Discount to List
-$10,000
-5.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.00%
Original Mortgage
$141,250
Interest Rate
3.95%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 25, 2003
Sold by
Widman Richard C and Widman Barry W
Bought by
Wendell Linda

Purchase Details

Closed on
Oct 1, 1997
Sold by
Widman Elenor
Bought by
Widman Elenor
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $227,500 Superior Title
Warranty Deed $185,000 Realty Title Services Of San
Quit Claim Deed -- --
Trustee Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $214,613 New Conventional
Previous Owner $141,250 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/12/2025 05/12/25 Sold $227,500 -4.8% $421 / Sq Ft
04/15/2025 04/15/25 Pending -- -- --
03/25/2025 03/25/25 Price Changed $239,000 -17.3% $443 / Sq Ft
01/31/2025 01/31/25 Price Changed $289,078 -3.3% $535 / Sq Ft
10/01/2024 10/01/24 For Sale $299,000 0.0% $554 / Sq Ft
08/30/2024 08/30/24 Pending -- -- --
07/25/2024 07/25/24 For Sale $299,000 +61.6% $554 / Sq Ft
12/09/2014 12/09/14 Sold $185,000 -5.1% $308 / Sq Ft View Prior Sale
11/09/2014 11/09/14 Pending -- -- --
10/07/2014 10/07/14 For Sale $195,000 -- $325 / Sq Ft
Source: Sanibel & Captiva Islands Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $365 $24,575 -- $24,575
2024 $365 $24,575 -- $24,575
2023 $404 $26,950 $0 $26,950
2022 $3,161 $214,578 $0 $0
2021 $2,790 $195,071 $0 $195,071
2020 $2,765 $192,993 $0 $192,993
2019 $2,514 $171,998 $0 $171,998
2018 $2,579 $172,805 $0 $172,805
2017 $2,639 $172,805 $0 $172,805
2016 $2,500 $163,874 $0 $163,874
2015 $2,297 $143,800 $0 $143,800
2014 $2,171 $134,700 $0 $134,700
2013 -- $125,100 $0 $125,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Sanibel & Captiva Islands Association of REALTORS®

MLS Number: 2240544

Sanibel & Captiva Islands Association of REALTORS®

APN: 20-46-23-T3-02300.0010