NOT LISTED FOR SALE

488 Lighthouse Way Sanibel, FL 33957

Estimated Value: $3,409,551 - $3,958,000

4 Beds
4 Baths
3,286 Sq Ft
$1,108/Sq Ft Est. Value

Sale Details

Date Sold: January 5, 2024

Last sale price $4,150,000 $1,263 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $24,014 / mo

39 Days on Market

Highlights

  • Beach Access
  • Property Fronts a Bay or Harbor
  • 2 Car Garage
  • Sanibel Elementary School Rated A-
  • In Ground Pool
  • Contemporary Architecture

About This Home

As of January 2024

A rare opportunity to own a Bayfront home on one of Sanibel’s most prestigious private streets. Stunning beach home with panoramic water views. Meticulously built & maintained: metal roof (2020), new Hardi board siding, new impact windows & doors. New kitchen w/quartz tops, Grohe faucet, Sub-Zero, Wolf & Cove appliances. Renovated master bath w/new cabinet, sinks, Grohe fixtures & quartz top. All new HVAC units, new central vac unit, new fans, LED light fixtures. New paint inside & out. The view is like no other as you’ll feel like you’re sitting right on the water! Swim, fish, kayak, paddle board & shell all right from your own beach! Enjoy multiple porches & decks plus a crow’s nest offering 360-degree views. Pool is very private w/great light. Restaurants, Marina, Gulf beach access & more are all within a 10-minute walk or bike ride. Located on the East end just minutes from the bridge for easy ingress & egress. Home is offered fully furnished & Turnkey.

Last Agent to Sell the Property

Karen Bell

Michael Saunders & Company License #494524 Listed on: 10/08/2023

Michael Saunders & Company

Last Buyer's Agent

Susan McCallion

McCallion and McCallion License #3225968

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,497

Year Built

  • Built in 1991

Lot Details

  • 12,702 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Property fronts a private road
  • Cul-De-Sac
  • Irregular Lot

HOA Fees

  • $42 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Beach House
  • Elevated Home
  • Frame Construction
  • Metal Roof
  • Piling Construction

Interior Spaces

  • 3,286 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Central Vacuum
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Casement Windows
  • Combination Dining and Living Room
  • Den
  • Storage Room
  • Bay Views

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Home Security System
  • High Impact Windows
  • Fire and Smoke Detector

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener

Pool

  • In Ground Pool
  • Spa
  • Fence Around Pool

Outdoor Features

  • Beach Access
  • Patio
  • Porch

Utilities

  • Zoned Heating and Cooling
  • Multiple Water Heaters
  • Internet Available

Community Details

  • Sanibel Estates Residents Association, Phone Number (239) 851-5254
  • Sanibel Estates Subdivision

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 20-46-23-T2-01500.0180

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,497

Year Built

Built in 1991

Lot Details

0.29 Acres

HOA Fees

$42 per month

Listing Details

  • Subdivision Name: Sanibel Estates
  • Class: Residential
  • Property Type: Single Family
  • Design: Beach House, Contemporary, Two Story
  • Legal Description: SANIBEL ESTATES UNIT 4 OR 113 PG 652 LOT 18
  • Strap Number: 20-46-23-T2-01500.0180
  • Subject To F I R P T A: No
  • Year Built: 1991
  • Miscellaneous: Beach Access
  • Folio Id: 10125888
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Elevator: Yes
  • Price Per S Q F T: 1262.93
  • Appliances: Central Vacuum, Cooktop, Dishwasher, Disposal, Dryer, Internet Ready, Laundry Tub, Microwave, Refrigerator-Ice maker, Security System, Smoke Detector(s), Wall Oven Elec, Washer, Water Heater 2+
  • Estimated Living Sq Ft: 3286
  • Bathrooms: 4
  • Bathrooms Display: 4/0
  • Bedrooms: 4
  • Ceiling: 10+ Ft Ceilings, Cathedral Ceiling
  • Den: Yes
  • Fireplace: No
  • Flooring: Carpet, Luxury Vinyl, Tile Floor, Wood Floor
  • Furnished: Yes
  • Furnishing: Fully Furnished, Inventory Avail., Turn-Key
  • Primary Bathroom: Dbl Sinks, Sep. Shower, Sep. Tub
  • Master Bedroom: Carpet, Porch, Walk-In Closet
  • Windows: Casement, Impact Resistant Windows, Skylight

Exterior Features

  • Waterfront: Bayfront
  • Waterfront: Yes
  • Coastal Construction: Not Applicable
  • Ext Fin Trim: Hard-l-Board
  • Pool: Yes
  • View: Bay
  • Roads: Cul-de-Sac, Paved, Private
  • Construction Stat: Elevated, Frame, Piling Concrete
  • Pool Description: Below Ground, Fenced, Spa
  • Roof: Metal

Garage/Parking

  • Parking: Auto Garage Opener(s), Double Garage

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Yes
  • Cooling: Ceiling Fan(s), Central Air/Cooling, Zoned 3+ Cooling
  • Heating: Central Heat

Condo/Co-op/Association

  • Association Fee: 500
  • Association Fee Period: Annually
  • Association Management: Sanibel Estates Residents
  • Management Company Phone: 239-851-5254
  • HOA: Yes

Lot Info

  • Acres: 0.29
  • Geo Update Timestamp: 2023-10-08
  • Geo Address Line: 488 Lighthouse Way
  • Geo Primary City: Sanibel
  • Geo Quality: 0.95
  • Geo Subdivision: FL
  • Geo Zoom Level: 16
  • Lot Number: 18
  • Lot Size Irregular: Yes
  • Lot Sq Ft: 12702
  • Lot Sq Ft Source: Leepa
  • Lot Features: Survey Avail
  • Survey: Yes

Rental Info

  • Rental: No

Tax Info

  • Tax Amount: 43497
  • Tax Year: 2022

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
Oct 8, 2023
Closed on
Jan 5, 2024
Sold by
Bought by
Seller's Agent
Karen Bell
Michael Saunders & Company
Buyer's Agent
Susan McCallion
McCallion and McCallion
List Price
$4,695,000
Sold Price
$4,150,000
Premium/Discount to List
-$545,000
-11.61%
Views
37
Current Estimated Value
$3,641,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$508,362
Avg. Annual Appreciation
-5.24%
Original Mortgage
$3,112,500
Outstanding Balance
$3,032,587
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$609,051

Purchase Details

Listed on
Dec 28, 2020
Closed on
Mar 12, 2021
Sold by
Bought by
Seller's Agent
Eric Pfeifer
Pfeifer Realty Group LLC
Buyer's Agent
Eric Pfeifer
List Price
$3,695,000
Sold Price
$3,445,000
Premium/Discount to List
-$250,000
-6.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.83%

Purchase Details

Listed on
Sep 27, 2013
Closed on
Sep 27, 2013
Sold by
Bought by
Seller's Agent
Mary Lou Bailey
VIP Realty Sanibel and Captiva
Buyer's Agent
Mary Lou Bailey
VIP Realty Sanibel and Captiva
List Price
$2,495,000
Sold Price
$2,000,000
Premium/Discount to List
-$495,000
-19.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.56%
Original Mortgage
$1,500,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 9, 2009
Sold by
Bought by

Purchase Details

Closed on
Jan 15, 1997
Sold by
Bought by

Purchase Details

Closed on
Jun 28, 1993
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$4,150,000 Superior Title Services
$3,445,000 Knight Barry Title Sln Inc
$2,000,000 Barrier Island Title Service
-- Attorney
$900,000 --
-- --
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
Open $3,112,500
Previous Owner $1,500,000
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
01/05/2024 01/05/24 Sold $4,150,000 -3.4% $1,263 / Sq Ft
11/16/2023 11/16/23 Pending -- -- --
11/10/2023 11/10/23 Price Changed $4,295,000 -8.5% $1,307 / Sq Ft
10/08/2023 10/08/23 For Sale $4,695,000 +36.3% $1,429 / Sq Ft
03/12/2021 03/12/21 Sold $3,445,000 -6.8% $1,051 / Sq Ft View Prior Sale
02/10/2021 02/10/21 Pending -- -- --
12/28/2020 12/28/20 For Sale $3,695,000 +84.8% $1,128 / Sq Ft
09/27/2013 09/27/13 Sold $2,000,000 -19.8% $598 / Sq Ft View Prior Sale
09/27/2013 09/27/13 Pending -- -- --
09/27/2013 09/27/13 For Sale $2,495,000 -- $746 / Sq Ft
Source: Sanibel & Captiva Islands Association of REALTORS®

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 $50,936 $3,616,645 $2,923,456 $693,189
2024 $30,128 $2,091,784 $1,477,043 $546,771
2023 $24,438 $1,672,214 $1,672,204 $10
2022 $45,309 $3,400,083 $1,030,000 $2,223,090
2021 $26,782 $2,158,757 $1,034,300 $1,124,457
2020 $26,729 $1,866,106 $0 $0
2019 $26,312 $1,824,151 $0 $0
2018 $26,360 $1,790,138 $0 $0
2017 $26,404 $1,753,318 $0 $0
2016 $26,316 $1,877,284 $1,032,670 $844,614
2015 $26,840 $1,743,692 $1,032,247 $711,445
2014 $26,912 $1,691,785 $1,032,134 $659,651
2013 -- $1,778,315 $825,458 $952,857
Source: Public Records

Agents Affiliated with this Home

  • Karen Bell

    Seller's Agent in 2024

    Karen Bell

    Michael Saunders & Company

    (239) 896-2622

    112 in this area

    141 Total Sales

    Karen Bell
    Section Image
  • Susan McCallion

    Buyer's Agent in 2024

    Susan McCallion

    McCallion and McCallion

    (239) 233-6117

    181 in this area

    215 Total Sales

    Susan McCallion
    Section Image
  • Eric Pfeifer

    Seller's Agent in 2021

    Eric Pfeifer

    Pfeifer Realty Group LLC

    (239) 472-0004

    517 in this area

    769 Total Sales

    Eric Pfeifer
    Section Image

  • M

    Seller's Agent in 2013

    Mary Lou Bailey

    VIP Realty Sanibel and Captiva

    Section Image
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Map

Source: Sanibel & Captiva Islands Association of REALTORS®

MLS Number: 2230891

Sanibel & Captiva Islands Association of REALTORS®

APN: 20-46-23-T2-01500.0180

Florida Lee County Sanibel 33957

488 Lighthouse Way, 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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