NOT LISTED FOR SALE

805 E Gulf Dr, Unit E3 Sanibel, FL 33957

Estimated Value: $323,457 - $376,000

1 Bed
1 Bath
680 Sq Ft
$642/mo HOA Fee

Last Sold January 31, 2024

Last sale price $399,000 $587 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $2,549/month

55 Days on Market

Highlights

  • Beach Front
  • Community Beach Access
  • Outdoor Pool
  • Sanibel Elementary School Rated A-
  • Boat Dock
  • Partial Gulf or Ocean Views

About This Home

As of January 2024

The one that checks all the boxes! This is your rare opportunity to capture a "BRAND NEW" 1 bedroom 1 bathroom beachside condo in one of the islands highest regarded and absolute best all around communities, Sanibel Arms. The community and unit build back are well underway and once complete will be the envy of the East End and a top producing income generator on Sanibel. FULL INTERIOR top to bottom remodel will be completed by the HOA, with time to still select your finishes! E3 offers an open, spacious, easy-living floorplan without sacrificing function or any of the creature comforts you deserve and your repeat guests will desire. The white sand and shell laden beach as well as the large heated community pool are each right outside your front door! The community boat docks allow for quick boat trips to the Gulf or up the Intracoastal. Picnic areas w/ gas grills, a club room, private storage, a desirable East end location with easy on/off island access, onsite bike rental service with close proximity to all of the island landmarks and best restaurants, and a premier rental program w/ a low 18% split to onsite management ensures premier ROI for owners and peak enjoyment for guests.

Last Agent to Sell the Property

Evan duPont

Michael Saunders & Company License #3286932 Listed on: 11/24/2023

Michael Saunders & Company

Last Buyer's Agent

Evan duPont

Michael Saunders & Company License #3286932 Listed on: 11/24/2023

Michael Saunders & Company

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,052

Year Built

  • Built in 1971 | Under Construction

Lot Details

HOA Fees

  • $642 Monthly HOA Fees

Property Views

  • Pool

Home Design

  • Entry on the 1st floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 680 Sq Ft Home
  • Ceiling height between 8 to 10 feet
  • Ceiling Fan
  • Combination Dining and Living Room
  • Tile Flooring
  • Stacked Washer and Dryer

Kitchen

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Parking

  • Guest Parking
  • Open Parking
  • Assigned Parking

Outdoor Features

  • Shared Dock
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Internet Available

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 29-46-23-T1-0030E.0030

Community Details

Overview

  • Application Fee Required
  • Association fees include exter pest control, exterior main/repair, insurance bldg, irrigation, landscape/lawn, legal and accounting, manager, pool service, sewer, trash, water
  • Sanibel Arms Condo Association, Phone Number (239) 472-2259
  • Sanibel Arms Community

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Recreation Room
  • Community Storage Space

Recreation

  • Boat Dock
  • Gulf Boat Access
  • Community Beach Access
  • Community Pool

Pet Policy

  • Limit on the number of pets

Security

  • High Impact Windows
  • Complete Storm Protection
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,052

Year Built

Built in 1971 | Under Construction

Lot Details

0

HOA Fees

$642 per month

Listing Details

  • Class: Condo
  • Property Type: Condo
  • Legal Description: SANIBEL ARMS CONDOMINIUM BLDG E OR 682 PG 691 APT 3
  • Strap Number: 29-46-23-T1-0030E.0030
  • Subject To F I R P T A: No
  • Year Built: 1971
  • Pet Limits: Owners only
  • Pets: Limits
  • Folio Id: 10127669
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Price Per S Q F T: 586.76
  • Appliances: Dishwasher, Disposal, Internet Ready, Microwave, Range Electric, Refrigerator, Refrigerator-Ice maker, Smoke Detector(s), Stack Washer/Dryer
  • Estimated Living Sq Ft: 680
  • Bathrooms: 1
  • Bathrooms Display: 1/0
  • Bedrooms: 1
  • Ceiling: 8 Ft Ceilings
  • Den: No
  • Fireplace: No
  • Floor: 1
  • Flooring: Tile Floor, Other Add Agt Note, See Remarks
  • Furnished: No
  • Furnishing: Unfurnished
  • Windows: Impact Resistant Windows, Storm Protection All

Exterior Features

  • Misc Exterior: CBS, Under Const.
  • Waterfront: Beach
  • Waterfront: Yes
  • Coastal Construction: Behind 1974
  • Ext Fin Trim: Stucco, Other Add Agt Note
  • Pool: Yes
  • View: Part Gulf View, Pool

Garage/Parking

  • Parking: Assigned, Guest, Open

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Yes
  • Cooling: Ceiling Fan(s), Central Air/Cooling
  • Heating: Central Heat
  • Security: Other Add Agt Note

Condo/Co-op/Association

  • Association Fees Disp: Y - $642/M
  • Association Fee: 642
  • Association Fee Period: Monthly
  • Association Right Of Refusal: No
  • Association Management: Sanibel Arms Condo Association
  • Management Company Phone: 239-472-2259
  • Condo Amenities: Boat Docks, Clubhouse, Community Room, Deeded Beach Access, Grills, Pool, Rental Office on Site, Separate Storage
  • Condo Name: Sanibel Arms
  • Fees Include: Exter Pest Control, Exterior Main/Repair, Insurance Bldg, Irrigation, Landscape/Lawn, Legal and Accounting, Manager, Pool Service, Sewer, Trash, Water
  • Govern Bodies: Application Fee, Condo Association
  • HOA: Yes
  • Master Association Disp: $/
  • Members Right Of Refusal: No

Lot Info

  • Geo Update Timestamp: 2023-11-24
  • Geo Address Line: 805 E Gulf Dr
  • Geo Primary City: Sanibel
  • Geo Quality: 0.95
  • Geo Subdivision: FL
  • Geo Zoom Level: 16
  • Lot Number: 3

Rental Info

  • Application Required: Yes
  • Rent History: 2021 Gross Rental Income = $45,000+ Located just one building back from the beach and directly across from the heated community pool, clubroom, additional/bike storage and the management office; This unit will be a tremendous rental income generator once complete.
  • Rent Phone: 239-472-2259
  • Rent Type: Weekly

Tax Info

  • Tax Amount: 4052
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2023
Closed on
Jan 31, 2024
Sold by
Oswald C Gerdes Trust
Bought by
Nepjuk Timothy M and Nepjuk Jennifer R
Seller's Agent
Evan duPont
Michael Saunders & Company
Buyer's Agent
Evan duPont
Michael Saunders & Company
List Price
$439,000
Sold Price
$399,000
Premium/Discount to List
-$40,000
-9.11%
Views
35
Current Estimated Value
$348,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$50,386
Avg. Annual Appreciation
-6.82%
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
Nepjuk Timothy M $399,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2024 01/31/24 Sold $399,000 -5.0% $587 / Sq Ft
01/18/2024 01/18/24 Pending -- -- --
01/09/2024 01/09/24 Price Changed $419,900 -4.4% $618 / Sq Ft
11/24/2023 11/24/23 For Sale $439,000 -- $646 / Sq Ft
Source: Sanibel & Captiva Islands Association of REALTORS®

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 $1,028 $71,433 -- $71,433
2024 $2,098 $71,433 -- $71,433
2023 $2,098 $144,798 $0 $144,798
2022 $4,052 $295,184 $0 $0
2021 $3,832 $268,349 $0 $268,349
2020 $3,832 $264,860 $0 $264,860
2019 $3,710 $254,363 $0 $254,363
2018 $3,789 $254,363 $0 $254,363
2017 $3,878 $254,363 $0 $254,363
2016 $3,672 $240,094 $0 $240,094
2015 $3,542 $233,800 $0 $233,800
2014 -- $202,900 $0 $202,900
2013 -- $175,500 $0 $175,500
Source: Public Records

Agents Affiliated with this Home

  • Evan duPont

    Seller's Agent in 2024

    Evan duPont

    Michael Saunders & Company

    (239) 462-1817

    59 in this area

    70 Total Sales

    Evan duPont
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About This Building

Map

Source: Sanibel & Captiva Islands Association of REALTORS®

MLS Number: 2231069

Sanibel & Captiva Islands Association of REALTORS®

APN: 29-46-23-T1-0030E.0030

Florida Lee County Sanibel 33957

805 E Gulf Dr Unit E3, Sanibel, FL

Not Listed for Sale

Condos

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