NOT LISTED FOR SALE

409 E Gulf Dr Unit 17 Sanibel, FL 33957

Estimated Value: $243,007 - $276,000

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

Sale Details

Date Sold: March 13, 2026

Last sale price $278,000 $463 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,362 / mo

84 Days on Market

Highlights

  • Community Beach Access
  • Private Pool
  • Furnished
  • Sanibel Elementary School Rated A-
  • Lanai
  • Screened Porch

About This Home

As of March 2026

Discover your island retreat at The Colony Inn of Sanibel. This beautifully remodeled and impeccably decorated condo is a truly exceptional offering—unlike any other in the community—blending luxury, comfort, and convenience in a serene coastal setting. The interior has been thoughtfully redesigned with a contemporary coastal aesthetic, featuring recessed lighting, shiplap walls, custom kitchen cabinetry, a striking tile backsplash, a built-in refrigerator, and impact-resistant windows and doors for both comfort and peace of mind. The spacious bedroom features a plush king bed, accented by a grass cloth wall, and ample storage, while the large living area provides an inviting space to unwind. Step out onto the generous screened patio—perfect for relaxing after a sun-soaked day at the beach. The Colony Inn is a charming, pet-friendly sanctuary with beautifully maintained tropical grounds and a sparkling pool nearing completion. Owners may enjoy the company of one pet under 35 pounds, allowing your furry companion to share in the island lifestyle. Ideally located just moments from Sanibel’s world-renowned beaches, shelling, boating, fishing, dining, and shopping, this condo offers the best of island living. Additionally, this rental-friendly complex allows nightly rentals, providing excellent income potential when you’re not enjoying the condo yourself. Your slice of paradise awaits at The Colony Inn of Sanibel—embrace the coastal lifestyle and create memories to last a lifetime.

Last Agent to Sell the Property

Cindy Sitton

Royal Shell Real Estate, Inc. License #280573961 Listed on: 12/19/2025

Royal Shell Real Estate, Inc.

Last Buyer's Agent

Michal Showalter

Home Team Advantage Realty License #258024651

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $350

Year Built

  • Built in 1968

Lot Details

  • Home has North and South Exposure

HOA Fees

  • $900 Monthly HOA Fees

Home Design

  • Garden Home
  • Courtyard Style Home
  • Entry on the 2nd floor
  • Flat Roof Shape
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 600 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Open Floorplan
  • Screened Porch

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Shower Only
  • Separate Shower

Home Security

Parking

  • Common or Shared Parking
  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Private Pool
  • Screened Patio
  • Lanai
  • Outdoor Storage

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 17 / 2300
  • Assessor Parcel Number 20-46-23-T3-02300.0170

Community Details

Overview

  • Association fees include management, insurance, irrigation water, laundry, legal/accounting, ground maintenance, pest control, recreation facilities, sewer, trash, water
  • 36 Units
  • Association Phone (239) 472-5151
  • Low-Rise Community
  • Colonnades Condo Subdivision
  • Maintained Community

Amenities

  • Laundry Facilities
  • Community Storage Space

Recreation

  • Community Beach Access
  • Community Pool

Pet Policy

  • Pets allowed on a case-by-case basis
  • Pets up to 35 lbs
  • 1 Pet Allowed

Security

  • Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$350

Year Built

Built in 1968

Lot Details

6,316 Sq Ft Lot

HOA Fees

$900 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Ownership: Condo
  • Subdivision Name: COLONNADES CONDO
  • Directions: Follow GPS
  • Architectural Style: Courtyard, Garden Home, Low Rise
  • Carport Y N: No
  • Entry Level: 2
  • Garage Yn: No
  • Structure Type: Low Rise
  • Year Built: 1968
  • Property Sub Type Additional: Condominium
  • Association Fee 3 Frequency: Quarterly
  • Exposures: South
  • MaximumPetWeight: 35
  • Pets No Pets Comments: PetsLimitOther:Owners Only
  • MaximumNumberOfPets: 1
  • Special Features: VirtualTour

Interior Features

  • Furnished: Furnished
  • Private Spa: No
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Other
  • Interior Amenities: Family/Dining Room, Living/Dining Room, Shower Only, Separate Shower, Window Treatments
  • Living Area: 600.0
  • Dining Room Type: Screened Porch
  • Stories: 2
  • Window Features: Impact Glass, Window Coverings

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Features: See Remarks, Community
  • Pool Private: Yes
  • View: Landscaped
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: RV Restriction(s)
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: North
  • Exterior Features: Security/High Impact Doors, Storage
  • Patio And Porch Features: Lanai, Porch, Screened
  • Property Condition: Resale
  • Roof: Built-Up, Flat

Garage/Parking

  • Parking Features: Assigned, Common, Guest, One Space

Utilities

  • Laundry Features: Common Area
  • Security: Smoke Detector(s)
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Beach Rights, Beach Access, Laundry, Pool, Storage, Management
  • Phone: 239-472-5151
  • Association: No
  • Pets Allowed: Call, Conditional
  • Common Interest: Condominium
  • HOA Fee 3: 2700.0

Fee Information

  • Association Fee Includes: Association Management, Insurance, Irrigation Water, Laundry, Legal/Accounting, Maintenance Grounds, Pest Control, Recreation Facilities, Sewer, Trash, Water

Lot Info

  • Parcel #: 20-46-23-T3-02300.0170

Multi Family

  • Number Of Units In Community: 36

Tax Info

  • Tax Annual Amount: 350.0
  • Tax Block: 2300
  • Tax Lot: 17
  • Tax Year: 2025

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2025
Closed on
Apr 18, 2026
Sold by
Bought by
Seller's Agent
Cindy Sitton
Royal Shell Real Estate, Inc.
Buyer's Agent
Michal Showalter
Home Team Advantage Realty
List Price
$299,000
Sold Price
$278,000
Premium/Discount to List
-$21,000
-7.02%
Views
90
Current Estimated Value
$266,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,248
Avg. Annual Appreciation
-12.11%
Original Mortgage
$170,300
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 19, 2025
Closed on
Mar 13, 2026
Sold by
Bought by
Seller's Agent
Cindy Sitton
Royal Shell Real Estate, Inc.
Buyer's Agent
Michal Showalter
Home Team Advantage Realty
List Price
$299,000
Sold Price
$278,000
Premium/Discount to List
-$21,000
-7.02%
Views
90

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,300
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 17, 2023
Closed on
Nov 6, 2023
Sold by
Bought by
Seller's Agent
kelly Huguenin
Pfeifer Realty Group LLC
Buyer's Agent
Cindy Sitton
Royal Shell Real Estate, Inc.
List Price
$299,000
Sold Price
$274,000
Premium/Discount to List
-$25,000
-8.36%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.62%

Purchase Details

Closed on
Jan 13, 2016
Sold by
Bought by

Purchase Details

Closed on
May 22, 2007
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$100 None Listed On Document
$278,000 Superior Title Services
$274,000 Superior Title Services
-- Attorney
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $170,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/13/2026 03/13/26 Sold $278,000 -7.0% $463 / Sq Ft
03/13/2026 03/13/26 Pending -- -- --
12/19/2025 12/19/25 For Sale $299,000 +9.1% $498 / Sq Ft
11/06/2023 11/06/23 Sold $274,000 -8.4% $457 / Sq Ft View Prior Sale
10/20/2023 10/20/23 Pending -- -- --
10/17/2023 10/17/23 For Sale $299,000 -- $498 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $404 $24,575 -- $24,575
2023 $404 $26,950 $0 $26,950
2022 $3,056 $207,456 $0 $0
2021 $2,698 $188,596 $0 $188,596
2020 $2,674 $186,533 $0 $186,533
2019 $2,432 $166,345 $0 $166,345
2018 $2,496 $167,153 $0 $167,153
2017 $2,541 $166,345 $0 $166,345
2016 $2,392 $156,036 $0 $156,036
2015 $2,206 $138,100 $0 $138,100
2014 -- $128,800 $0 $128,800
2013 -- $119,800 $0 $119,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 2025025490

Florida Gulf Coast Multiple Listing Service

APN: 20-46-23-T3-02300.0170

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