NOT LISTED FOR SALE

Sanibel Arms West 827 E Gulf Dr Unit K5 Sanibel, FL 33957

Sanibel Area

Estimated Value: $703,180

2 Beds
2 Baths
1,040 Sq Ft
7,013 Sq Ft Lot

Sale Details

Date Sold: April 17, 2019

Last sale price $550,000 $529 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,942 / mo

52 Days on Market

Highlights

  • Community Beach Access
  • Community Boat Dock
  • Fitness Center
  • The Sanibel School Rated A-
  • Property fronts gulf or ocean
  • In Ground Pool

About This Home

As of April 2019

High rentals and gulf views from this top floor, corner location in sought after "K" building! Generous water views from living room and porch. Just steps to the beautiful sandy beach in front of Sanibel Arms West. The 104 unit complex has a professional on-site rental program, 6 acres and 500' beach frontage. The resort offers pool, tennis, pickel ball, fitness center, bike rentals, canal for docking your boat while in house and storage. The 13 buildings are surrounded by tropical gardens and walking paths. Rental income is very impressive. (we think the best on island). Low 10.5% commission per rental. Complex keeps improving! This nicely appointed and furnished condo shows pride of ownership. "K" building units rarely on the market. Hurry on this one! Cash flow available upon request.

Last Agent to Sell the Property

Teresa Baker

Pfeifer Realty Group LLC License #280596709 Listed on: 01/24/2019

Last Buyer's Agent

Jason Lomano

Royal Shell Real Estate, Inc. License #280500233

Royal Shell Real Estate, Inc.
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,961

Year Built

  • Built in 1974

Lot Details

  • South Facing Home

HOA Fees

  • $460 Monthly HOA Fees

Parking

  • Common or Shared Parking

Home Design

  • Entry on the 2nd floor
  • Stucco

Interior Spaces

  • 1,040 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Sliding Windows
  • Combination Dining and Living Room

Kitchen

  • Electric Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • In Ground Pool
  • Screen Enclosure

Outdoor Features

  • Balcony
  • Screened Patio
  • Outdoor Storage
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 5 / 5K0
  • Assessor Parcel Number 29-46-23-T1-005K0.0050

Community Details

Overview

  • Association fees include management, cable TV, legal/accounting, ground maintenance, pest control, trash, water
  • 104 Units
  • Association Phone (239) 472-1138
  • Low-Rise Community
  • Sanibel Arms West Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Community Storage Space

Recreation

  • Community Boat Dock
  • Community Beach Access
  • Community Basketball Court
  • Fitness Center

Pet Policy

  • No Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,961

Year Built

Built in 1974

Lot Details

7,013 Sq Ft Lot

HOA Fees

$460 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Ownership: Condo
  • Subdivision Name: SANIBEL ARMS WEST CONDO
  • Directions: When reaching intersection of causeway road and Periwinkle. Stay straight onto Lindgren. Turn left on East Gulf Drive. Sanibel Arms West is on the right off East Gulf. Rental office is across the street. Stop there to pick up key.
  • Architectural Style: Other, Low Rise
  • Carport Y N: No
  • Entry Level: 2
  • Garage Yn: No
  • Year Built: 1974
  • ResoBuildingAreaSource: SeeRemarks
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Private Spa: No
  • Appliances: Dryer, Dishwasher, Electric Cooktop, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile
  • Interior Amenities: Living/Dining Room, Tub Shower
  • Living Area: 1040.0
  • Stories: 2
  • Window Features: Sliding
  • ResoLivingAreaSource: SeeRemarks

Exterior Features

  • Lot Features: See Remarks
  • Pool Features: In Ground, Screen Enclosure, Community
  • Pool Private: Yes
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • Exterior Features: Storage, Tennis Court(s)
  • Patio And Porch Features: Balcony, Porch, Screened
  • Property Condition: Resale
  • Roof: See Remarks

Garage/Parking

  • Parking Features: Common, Paved

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

  • Community Features: Tennis Court(s)
  • Amenities: Basketball Court, Boat Dock, Beach Access, Clubhouse, Fitness Center, Barbecue, Picnic Area, Pickleball, Pool, Storage, Tennis Court(s)
  • Association #2 Fee: 460.0
  • Association #2 Fee Frequency: Monthly
  • Phone: 239-472-1138
  • Association: Yes
  • Pets Allowed: No
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Legal/Accounting, Maintenance Grounds, Pest Control, Trash, Water

Lot Info

  • Parcel #: 29-46-23-T1-005K0.0050
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 104

Tax Info

  • Tax Annual Amount: 5961.0
  • Tax Block: 5K0
  • Tax Lot: 5
  • Tax Year: 2018

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
Jan 24, 2019
Closed on
Apr 17, 2019
Sold by
Janine O Toole Sean and Toole Janine O
Bought by
Seller's Agent
Teresa Baker
Pfeifer Realty Group LLC
Buyer's Agent
Jason Lomano
Royal Shell Real Estate, Inc.
List Price
$579,000
Sold Price
$550,000
Premium/Discount to List
-$29,000
-5.01%
Current Estimated Value
$703,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,180
Avg. Annual Appreciation
3.36%

Purchase Details

Closed on
Feb 17, 2006
Sold by
Otoole Patricia R and Otoole Brian J
Bought by
Otoole Sean and Otoole Janine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.08%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Sanibel, FL

  • Bill LeJeune Real Estate Agent - Pfeifer Realty Group LLC

    Bill LeJeune

    Pfeifer Realty Group LLC

    (443) 775-2654

    50 Total Sales

    68 in Sanibel

    $425K - $2M Price Range

    Bill LeJeune
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  • Denise Vaughn Real Estate Agent - RE/MAX REALTY GROUP

    Denise Vaughn

    RE/MAX REALTY GROUP

    (239) 388-7020

    23 Total Sales

    6 in Sanibel

    $455K - $775K Price Range

    Denise Vaughn
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  • Geraldine Anarumo Real Estate Agent - FLORIDA REALTY MARKETPLACE

    Geraldine Anarumo

    FLORIDA REALTY MARKETPLACE

    (863) 900-9984

    76 Total Sales

    1 in Sanibel

    $600,000 Price

    Geraldine Anarumo
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  • Janet Minerich Real Estate Agent - RE/MAX HARBOR REALTY

    Janet Minerich

    RE/MAX HARBOR REALTY

    (941) 246-2185

    63 Total Sales

    1 in Sanibel

    $852,500 Price

    Janet Minerich
     Section Image
  • Trent Peake Real Estate Agent - Peake Ventures LLC

    Trent Peake

    Peake Ventures LLC

    (239) 307-0236

    21 Total Sales

    1 in Sanibel

    $3,700,000 Price

    Trent Peake
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  • Frank Procopio Real Estate Agent - William Raveis Real Estate

    Frank Procopio

    William Raveis Real Estate

    (239) 350-4981

    265 Total Sales

    2 in Sanibel

    $1,165,000 Price Range

    Frank Procopio
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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
$550,000 Superior Ttl Svcs Of Sanibel
Otoole Sean $425,000 Barrier Island Title Service
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
Previous Owner $340,000
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
04/17/2019 04/17/19 Sold $550,000 -5.0% $529 / Sq Ft
03/18/2019 03/18/19 Pending -- -- --
01/24/2019 01/24/19 For Sale $579,000 -- $557 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

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
2026 $6,140 $69,411 $69,411
2025 $6,140 $434,517 $434,517
2024 $1,841 $63,101 $63,101
2023 $1,841 $126,894 $0 $126,894
2022 $7,368 $501,474 $0 $0
2021 $6,498 $455,885 $0 $455,885
2020 $6,508 $450,585 $0 $450,585
2019 $6,313 $433,628 $0 $433,628
2018 $6,209 $417,478 $0 $417,478
2017 $6,403 $420,708 $0 $420,708
2016 $6,029 $392,172 $0 $392,172
2015 $5,594 $351,300 $0 $351,300
2014 -- $343,800 $0 $343,800
2013 -- $312,900 $0 $312,900
Source: Public Records

Agents Affiliated with this Home

  • Teresa Baker Real Estate Agent - Pfeifer Realty Group LLC

    Seller's Agent in 2019

    Teresa Baker

    Pfeifer Realty Group LLC

    (239) 233-6364

    102 Total Sales

    Teresa Baker
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  • Jason Lomano Real Estate Agent - Royal Shell Real Estate, Inc.

    Buyer's Agent in 2019

    Jason Lomano

    Royal Shell Real Estate, Inc.

    (239) 470-8628

    51 Total Sales

    Jason Lomano
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About Sanibel Arms West

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 219007839

Florida Gulf Coast Multiple Listing Service

APN: 29-46-23-T1-005K0.0050

Florida Lee County Sanibel 33957

827 E Gulf Dr Unit K5, 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.

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 2026 Southwest Florida Multiple Listing Service. All Rights Reserved

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