NOT LISTED FOR SALE

409 E Gulf Dr Unit 1 Sanibel, FL 33957

Estimated Value: $201,000 - $417,150

1 Bed
1 Bath
540 Sq Ft
6,316 Sq Ft Lot Lot

Sale Details

Date Sold: May 12, 2025

Last sale price $227,500 $421 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,359 / mo

264 Days on Market

Highlights

  • 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

Lot Details

  • 6,316

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

Pool

Outdoor Features

  • 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

6,316 Sq Ft Lot

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
$267,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,038
Avg. Annual Appreciation
18.19%
Original Mortgage
$214,613
Outstanding Balance
$213,849
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$53,689

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 Buyer Sale Price Title Company
Beach Glow Vacation Rentals Llc $227,500 Superior Title
Shults Ingrid $185,000 Realty Title Services Of San
Wendell Linda -- --
Wendell Linda -- --
Widman Elenor -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beach Glow Vacation Rentals Llc $214,613
Previous Owner Shults Ingrid $141,250
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

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

  • Susan McCallion

    Seller's Agent in 2025

    Susan McCallion

    McCallion and McCallion

    (239) 233-6117

    184 in this area

    220 Total Sales

    Susan McCallion
    Section Image

  • O

    Buyer's Agent in 2025

    OTHER OTHER

    Other

  • Michael McMurray

    Seller's Agent in 2014

    Michael McMurray

    Royal Shell Real Estate, Inc.

    (239) 850-7888

    100 in this area

    392 Total Sales

    Michael McMurray
    Section Image

  • T

    Seller Co-Listing Agent in 2014

    Trevor Nette

    Royal Shell Real Estate, Inc.

    (239) 281-4435

    16 in this area

    23 Total Sales

    Trevor Nette
    Section Image
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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

Florida Lee County Sanibel 33957

409 E Gulf Dr Unit 1, Sanibel, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Sanibel & Captiva Islands Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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