NOT LISTED FOR SALE

568 Lighthouse Way Sanibel, FL 33957

Estimated Value: $3,535,368 - $4,101,000

3 Beds
3.5 Baths
3,534 Sq Ft
$1,079/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $4,600,000 $1,302 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $22,375/month

66 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Heated In Ground Pool
  • Contemporary Architecture
  • Sanibel Elementary School Rated A-
  • Sitting Area In Primary Bedroom
  • Cathedral Ceiling

About This Home

As of July 2023

Diamond on the bay! Reinvented and expanded in 2019 this gorgeous beauty embodies a blend of contemporary coastal influences and classic cottage charm. The architectural details are impressive. From the espaliers, to the board and batten siding with a cottage accent roof and historically accurate corbels, this home is exceptional. Inside, the walls are adorned with shiplap and gorgeous wide plank oak spans the floor. The ceiling soars and bring in beautiful light with reflections from the bay. The primary suite is on the first level with the guest suites above. No damage to the upper level. The price on the home reflects a completion of the restoration to the first level. Featured on the cover of Lux magazine and showcased in Gulfshore life.This completion is anticipated for April/May 2023. One of a kind!

Last Agent to Sell the Property

Phaidra McDermott

Kingfisher Real Estate Inc. License #676199 Listed on: 02/24/2023

Last Buyer's Agent

Phaidra McDermott

Kingfisher Real Estate Inc. License #676199 Listed on: 02/24/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,320

Year Built

  • Built in 1969

Lot Details

  • 0.31 Acre Lot
  • Property Fronts a Bay or Harbor
  • Property fronts a private road
  • Cul-De-Sac
  • Northeast Facing Home
  • Irregular Lot

Parking

  • Automatic Garage Door Opener

Home Design

  • Contemporary Architecture
  • Beach House
  • Metal Roof

Interior Spaces

  • 3,534 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Combination Dining and Living Room
  • Loft
  • Storage Room
  • Bay Views

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • Fire and Smoke Detector

Pool

  • Heated In Ground Pool
  • Heated Above Ground Pool
  • Saltwater Pool
  • Pool Equipment Stays

Additional Features

  • Patio
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Sanibel Estates Subdivision

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 20-46-23-T2-01500.0090

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,320

Year Built

Built in 1969

Lot Details

0.31 Acres

Listing Details

  • Subdivision Name: Sanibel Estates
  • Class: Residential
  • Property Type: Single Family
  • Design: Beach House, Contemporary, Great Room, Split Bedrooms, Two Story
  • Legal Description: SANIBEL ESTATES UNIT 4 OR 113 PG 652 LOT 9
  • Strap Number: 20-46-23-T2-01500.0090
  • Subject To F I R P T A: No
  • Year Built: 1969
  • Folio Id: 10125879
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Elevator: No
  • Price Per S Q F T: 1301.64
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range Electric, Refrigerator-Ice maker, Smoke Detector(s), Washer
  • Estimated Living Sq Ft: 3534
  • Bathrooms: 3
  • Bathrooms Display: 3/1
  • Bedrooms: 3
  • Ceiling: 10+ Ft Ceilings, Cathedral Ceiling, Vaulted Ceiling
  • Den: No
  • Fireplace: No
  • Flooring: Marble Floor, Tile Floor, Wood Floor
  • Furnished: Yes
  • Furnishing: Part Furnished
  • Half Bathrooms: 1
  • Primary Bathroom: Dbl Sinks, Sep. Shower, Sep. Tub, Tile, Walk-In Closet
  • Master Bedroom: First Floor, Sitting Area
  • Windows: Impact Resistant Windows

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: Const. Complete
  • Pool Description: Above Ground, Below Ground, Electric Heated, Equipment Stays, Saltwater
  • Rear Exposure: Northeast
  • Roof: Metal

Garage/Parking

  • Parking: Auto Garage Opener(s)

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Yes
  • Cooling: Central Air/Cooling
  • Heating: Central Heat

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.31
  • Geo Update Timestamp: 2023-02-24
  • Geo Address Line: 568 Lighthouse Way
  • Geo Primary City: Sanibel
  • Geo Quality: 0.95
  • Geo Subdivision: FL
  • Geo Zoom Level: 16
  • Lot Number: 9
  • Lot Size Irregular: Yes
  • Lot Sq Ft: 13425
  • Lot Sq Ft Source: Leepa
  • Lot Features: Bulkhead/Seawall
  • Survey: No

Rental Info

  • Rental: No
  • Rent Type: Monthly

Tax Info

  • Tax Amount: 23320
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2023
Closed on
Jul 17, 2023
Sold by
Susan M Scott Trust
Bought by
Frazer Michael and Frazer Edith D
Seller's Agent
Phaidra McDermott
Kingfisher Real Estate Inc.
Buyer's Agent
Phaidra McDermott
Kingfisher Real Estate Inc.
List Price
$4,800,000
Sold Price
$4,600,000
Premium/Discount to List
-$200,000
-4.17%
Views
91
Current Estimated Value
$3,813,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$786,158
Avg. Annual Appreciation
-6.88%

Purchase Details

Closed on
Aug 23, 2021
Sold by
Scott Susan M
Bought by
Scott Susan M and Susan M Scott Trust

Purchase Details

Closed on
Mar 15, 2017
Sold by
Fitzgerald Dorothy K
Bought by
Scott Craig C and Scott Susan M

Purchase Details

Closed on
Jun 27, 2012
Sold by
Biglow J Preston
Bought by
Fitzgerald Dorothy K

Purchase Details

Closed on
Feb 26, 2001
Sold by
Honeycutt Robert L and Honeycutt Alma L
Bought by
Honeycutt Robert L and Honeycutt Alma L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.16%

Purchase Details

Closed on
Jan 25, 2001
Sold by
Hessey Keith T
Bought by
Kunkel Frank M and Kunkel Donna R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.16%

Purchase Details

Closed on
May 11, 2000
Sold by
Newmeyer Elizabeth A
Bought by
Hessey Keith T
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

Date Buyer Sale Price Title Company
Frazer Michael $4,500,000 Coastal Title Services
Scott Susan M -- Accommodation
Scott Craig C $1,850,000 Barrier Island Title
Fitzgerald Dorothy K $1,175,000 Barrier Island Title Service
Honeycutt Robert L -- --
Kunkel Frank M $135,000 --
Hessey Keith T $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kunkel Frank M $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2023 07/31/23 Sold $4,600,000 -4.2% $1,302 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
04/30/2023 04/30/23 For Sale $4,800,000 +4.3% $1,358 / Sq Ft
04/25/2023 04/25/23 Off Market $4,600,000 -- --
02/24/2023 02/24/23 For Sale $4,800,000 -- $1,358 / 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 $30,369 $2,372,858 -- --
2024 $25,172 $2,108,855 $1,649,366 $459,489
2023 $25,172 $1,763,865 $0 $0
2022 $24,292 $1,377,412 $1,166,494 $210,918
2021 $24,535 $1,960,828 $958,500 $1,002,328
2020 $15,390 $1,044,370 $958,500 $85,870
2019 $18,090 $1,223,354 $958,500 $264,854
2018 $18,620 $1,233,867 $958,500 $275,367
2017 $18,072 $1,199,130 $958,500 $240,630
2016 $16,424 $1,043,108 $958,500 $84,608
2015 $18,167 $1,125,212 $958,500 $166,712
2014 $17,918 $1,099,279 $958,500 $140,779
2013 -- $996,591 $836,500 $160,091
Source: Public Records

Agents Affiliated with this Home

  • Phaidra McDermott

    Seller's Agent in 2023

    Phaidra McDermott

    Kingfisher Real Estate Inc.

    (239) 898-3778

    171 in this area

    210 Total Sales

    Phaidra McDermott
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Map

Source: Sanibel & Captiva Islands Association of REALTORS®

MLS Number: 2230283

Sanibel & Captiva Islands Association of REALTORS®

APN: 20-46-23-T2-01500.0090

Florida Lee County Sanibel 33957

568 Lighthouse Way, Sanibel, FL

Not Listed for Sale

Detached

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