NOT LISTED FOR SALE

487 E Gulf Dr Unit 487 Sanibel, FL 33957

Estimated Value: $990,000 - $1,110,000

3 Beds
3.5 Baths
2,288 Sq Ft
$450/Sq Ft Est. Value

Last Sold May 11, 2017

Last sale price $1,600,000 $699 Per Sq Ft

Est. 36% decrease in value since last sale

Current estimated payment $6,308/month

493 Days on Market

Highlights

  • Community Beach Access
  • Property fronts gulf or ocean
  • Deck
  • Sanibel Elementary School Rated A-
  • Sitting Area In Primary Bedroom
  • Marble Flooring

About This Home

As of May 2017

Spectacular panoramic Gulf views from this corner unit, town house that lives like a single family home offering a contemporary floor plan with 3 bedrooms, 3.5 baths, 2-car garage, private elevator and loft. This location offers easy access to the Causeway. Beautiful 2-story great room offers stone floors, cathedral ceiling, beamed ceiling, coral walls, glass fireplace with dramatic Gulf views. Kitchen has granite counters and custom cabinets with a gas cook top. Large master suite with large, open and private sun deck, walk-in closet, marble bathroom offering a separate shower and whirlpool tub. Steps from the sparkling community pool, large private outdoor patio to BBQ with your family and enjoy the Gulf breeze overlooking the complexes' almost 250' of beach frontage. Pets are allowed, no pet limits. Artwork does not convey in sale of condo.

Last Agent to Sell the Property

Karen Bell

Michael Saunders & Company License #280500098 Listed on: 12/04/2015

Michael Saunders & Company

Last Buyer's Agent

Jim Hetmanek

Michael Saunders & Company License #280500168

Michael Saunders & Company

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $20,247

Year Built

  • Built in 1982

Lot Details

  • 3,485 Sq Ft Lot
  • Property fronts gulf or ocean
  • East Facing Home
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Entry on the 1st floor
  • Stucco

Interior Spaces

  • 2,288 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Central Vacuum
  • Furnished
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace
  • Jalousie or louvered window
  • Electric Shutters
  • Sliding Windows
  • Combination Dining and Living Room
  • Loft
  • Gulf Views
  • Washer

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary Bedroom Upstairs
  • Dual Sinks
  • Hydromassage or Jetted Bathtub
  • Separate Shower

Home Security

Outdoor Features

  • Balcony
  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 487 / 3100
  • Assessor Parcel Number 20-46-23-T3-03100.4870

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include management, insurance, ground maintenance
  • 4 Units
  • Association Phone (239) 770-2265
  • Tigua Cay Condo Subdivision

Recreation

  • Community Beach Access
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$20,247

Year Built

Built in 1982

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Townhouse
  • Prop. Type: Residential
  • Lot Size Acres: 0.08
  • Road Surface Type: Paved
  • Ownership: Condo
  • Subdivision Name: TIGUA CAY CONDO
  • Directions: Causeway to 4 way stop at Periwinkle. Go straight to Lindgren to left on East Gulf Drive to right at Tigua Cay.
  • Architectural Style: Two Story
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Townhouse
  • Year Built: 1982
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Townhouse
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Private Spa: No
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: Yes
  • Flooring: Carpet, Marble
  • Interior Amenities: Breakfast Bar, Built-in Features, Bathtub, Cathedral Ceiling(s), Dual Sinks, Fireplace, High Ceilings, Jetted Tub, Living/Dining Room, Sitting Area in Master, Separate Shower, Upper Level Master, Central Vacuum, Elevator, Loft
  • Living Area: 2288.0
  • Stories: 2
  • Window Features: Jalousie, Sliding, Window Coverings
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: See Remarks, Sprinklers Automatic
  • Pool Features: Community
  • Pool Private: No
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Block, Frame, Concrete, Stucco
  • Direction Faces: East
  • Exterior Features: Deck, Sprinkler/Irrigation, Patio, Shutters Electric
  • Patio And Porch Features: Balcony, Deck, Patio
  • Property Condition: Resale
  • Roof: See Remarks

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Assigned, Attached, Garage, Two Spaces, Garage Door Opener

Utilities

  • Laundry Features: Inside
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Beach Access, Pool
  • Phone: 239-770-2265
  • Association: Yes
  • Pets Allowed: Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Association Management, Insurance, Maintenance Grounds

Lot Info

  • Parcel #: 20-46-23-T3-03100.4870
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4

Tax Info

  • Tax Annual Amount: 20247.0
  • Tax Block: 3100
  • Tax Lot: 487
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2025
Sold by
Motherway Nicholas J and Motherway Kathleen E
Bought by
Bridge Dl Mcdowell Trust and Mcdowell
Current Estimated Value
$1,028,554

Purchase Details

Closed on
Dec 15, 2016
Sold by
King Jeffrey E
Bought by
King Jeffrey E

Purchase Details

Closed on
Dec 1, 2016
Sold by
King David B
Bought by
King David B

Purchase Details

Closed on
Aug 2, 2012
Sold by
King Betsy S
Bought by
King David B

Purchase Details

Closed on
Nov 4, 2011
Sold by
King Raymond W
Bought by
Declaration King Jeffrey E

Purchase Details

Closed on
May 24, 2011
Sold by
Saccogna Patrick J
Bought by
King David B

Purchase Details

Closed on
Mar 11, 2008
Sold by
King Betsy S
Bought by
King Betsy S
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
Bridge Dl Mcdowell Trust $975,000 None Listed On Document
King Jeffrey E -- Attorney
King David B -- Attorney
King David B -- None Available
King Betsy S -- None Available
King Jeffrey E -- None Available
King Raymond W -- None Available
Declaration King Jeffrey E -- Attorney
King Raymond W -- Attorney
King Betsy S -- Attorney
King David B -- None Available
King Betsy S -- None Available
King Betsy S -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2017 05/11/17 Sold $1,600,000 -27.1% $699 / Sq Ft
04/11/2017 04/11/17 Pending -- -- --
12/04/2015 12/04/15 For Sale $2,195,000 -- $959 / 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 $11,082 $745,714 -- $745,714
2024 $11,082 $1,039,050 -- --
2023 $22,015 $1,503,655 $0 $1,503,655
2022 $17,618 $1,297,102 $0 $0
2021 $17,783 $1,411,830 $0 $1,411,830
2020 $17,736 $1,241,935 $0 $1,241,935
2019 $19,626 $1,329,145 $0 $1,329,145
2018 $22,441 $1,491,453 $0 $1,491,453
2017 $23,386 $1,520,523 $0 $1,520,523
2016 $21,980 $1,427,826 $0 $1,427,826
2015 $20,247 $1,256,100 $0 $1,256,100
2014 -- $1,333,400 $0 $1,333,400
2013 -- $1,101,780 $0 $1,101,780
Source: Public Records

Agents Affiliated with this Home

  • Karen Bell

    Seller's Agent in 2017

    Karen Bell

    Michael Saunders & Company

    (239) 633-6604

    107 in this area

    136 Total Sales

    Karen Bell
    Section Image

  • J

    Buyer's Agent in 2017

    Jim Hetmanek

    Michael Saunders & Company

    (239) 565-0359

    6 in this area

    9 Total Sales

    Jim Hetmanek
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 215068824

Florida Gulf Coast Multiple Listing Service

APN: 20-46-23-T3-03100.4870

Florida Lee County Sanibel 33957

487 E Gulf Dr Unit 487, Sanibel, FL

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