NOT LISTED FOR SALE

409 E Gulf Dr Unit C-10 Sanibel, FL 33957

Estimated Value: $219,000 - $414,000

1 Bed
1 Bath
600 Sq Ft
$883/mo HOA Fee

Last Sold July 01, 2022

Last sale price $455,000 $758 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $2,736/month

Highlights

  • Furnished
  • Community Pool
  • Cooling System Mounted In Outer Wall Opening
  • Sanibel Elementary School Rated A-
  • Porch
  • Open Patio

About This Home

As of July 2022

Best Near Beach Value Available on Sanibel & Captiva! This fully remodeled, 1st floor, east end condo is nestled in the Colony Inn offering deeded beach access on quiet East Gulf Dr. This light and bright unit is impeccably updated and stylishly decorated with beautiful island decor. The remodeled kitchen features stainless appliances, solid surface countertops and a gorgeous inlayed tile backsplash. The bath has also been remodeled and offers a stylish vanity and beautiful tile shower with glass enclosure. Gorgeous highly sought after first floor location at Colonnades (currently the only one available). This bright and cheery condo shows extremely well and is decorated very nicely. The Colony offers a convenient on-site rental management office with many repeat visitors for excellent rental potential or a great near beach location for a winter retreat. Don't miss the opportunity to get on the island and your toes in the sand within minutes walk to the beach!

Last Agent to Sell the Property

Jason Lomano

Royal Shell Real Estate, Inc. License #280500233 Listed on: 04/14/2022

Royal Shell Real Estate, Inc.

Last Buyer's Agent

Denise Vaughn

RE/MAX Realty Group License #280597178

RE/MAX Realty Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,698

Year Built

  • Built in 1968

Lot Details

  • Northwest Facing Home

HOA Fees

  • $883 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Shingle Roof
  • Stucco

Interior Spaces

  • 600 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Sliding Windows
  • Combination Dining and Living Room
  • Tile Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Outdoor Features

  • Open Patio
  • Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Sewer Assessments

Listing and Financial Details

  • Assessor Parcel Number 20-46-23-T3-02300.0100

Community Details

Overview

  • Association fees include management, laundry, ground maintenance, pest control, recreation facilities, sewer, trash, water
  • 36 Units
  • Association Phone (239) 472-5151
  • Colonnades Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Laundry Facilities

Recreation

  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,698

Year Built

Built in 1968

Lot Details

0

HOA Fees

$883 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Ownership: Condo
  • Subdivision Name: COLONNADES CONDO
  • Architectural Style: Two Story, Low Rise
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Low Rise
  • Year Built: 1968
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Private Spa: No
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Interior Amenities: Living/Dining Room, None
  • Living Area: 600.0
  • Stories: 2
  • Window Features: Sliding

Exterior Features

  • Lot Features: See Remarks
  • Pool Features: Community
  • Pool Private: No
  • View: Landscaped
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: Northwest
  • Exterior Features: Patio
  • Patio And Porch Features: Open, Patio, Porch
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Laundry Features: Common Area
  • Security: Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Assessment Paid, Public Sewer
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

  • Community Features: Condo Hotel Community, Near Hotel/Motel
  • Amenities: Laundry, Barbecue, Picnic Area, Pool
  • Association #2 Fee: 2650.0
  • Association #2 Fee Frequency: Quarterly
  • Phone: 239-472-5151
  • Association: Yes
  • Pets Allowed: Call, Conditional
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Association Management, Laundry, Maintenance Grounds, Pest Control, Recreation Facilities, Sewer, Trash, Water

Lot Info

  • Parcel #: 20-46-23-T3-02300.0100
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 36

Tax Info

  • Tax Annual Amount: 2698.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2022
Closed on
Jul 1, 2022
Sold by
Decioccio Rocco J and Decioccio Mary C
Bought by
Evans Anne
Seller's Agent
Jason Lomano
Royal Shell Real Estate, Inc.
Buyer's Agent
Denise Vaughn
RE/MAX Realty Group
List Price
$449,000
Sold Price
$455,000
Premium/Discount to List
$6,000
1.34%
Current Estimated Value
$347,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$107,439
Avg. Annual Appreciation
-7.82%

Purchase Details

Closed on
Jan 9, 2012
Sold by
Walker Paul R and Walker Carol L
Bought by
Decioccio Rocco J and Decioccio Mary C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 31, 2009
Sold by
Newell Newell Iii Robert Y Iii Robert Y
Bought by
Walker Paul R and Walker Carol L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.13%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 9, 2007
Sold by
Newell Robert Y and Newell Noel R
Bought by
Newell Robert Y and Newell Noel R

Purchase Details

Closed on
Nov 28, 1997
Sold by
Breitung Edward J and Breitung Lucy F
Bought by
Newell Robert Y and Newell Noel R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.19%
Source: Public Records

Range of Values:

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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
Evans Anne $455,000 Superior Title Services
Decioccio Rocco J $160,000 Barrier Island Title Service
Walker Paul R $200,000 Realty Title Services Of San
Newell Robert Y -- None Available
Newell Robert Y $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Decioccio Rocco J $88,000
Previous Owner Walker Paul R $150,000
Previous Owner Newell Robert Y $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2022 07/01/22 Sold $455,000 +1.3% $758 / Sq Ft
06/01/2022 06/01/22 Pending -- -- --
04/14/2022 04/14/22 For Sale $449,000 -- $748 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

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 $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

  • Jason Lomano

    Seller's Agent in 2022

    Jason Lomano

    Royal Shell Real Estate, Inc.

    (239) 470-8628

    14 in this area

    56 Total Sales

    Jason Lomano
    Section Image
  • Denise Vaughn

    Buyer's Agent in 2022

    Denise Vaughn

    RE/MAX

    (239) 822-6835

    1 in this area

    15 Total Sales

    Denise Vaughn
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 222027119

Florida Gulf Coast Multiple Listing Service

APN: 20-46-23-T3-02300.0100

Florida Lee County Sanibel 33957

409 E Gulf Dr Unit C-10, Sanibel, FL

This home is located at 409 E Gulf Dr Unit C-10, Sanibel, FL 33957 since 14 April 2022 and is currently estimated at $347,561, approximately $579 per square foot. This property was built in 1968. 409 E Gulf Dr Unit C-10 is a home located in Lee County with nearby schools including Sanibel Elementary School, Cypress Lake Middle School, and Cypress Lake High School.

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Florida Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

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