NOT LISTED FOR SALE

845 E Gulf Dr Unit 721 Sanibel, FL 33957

Estimated Value: $815,000 - $979,050

3 Beds
2 Baths
1,300 Sq Ft
$941/mo HOA Fee

Last Sold May 29, 2024

Last sale price $1,125,000 $865 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $5,743/month

79 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Outdoor Pool
  • Tennis Courts
  • Sanibel Elementary School Rated A-
  • Screened Porch
  • Breakfast Bar

About This Home

As of May 2024

Only a few steps to a beautiful beach. Don’t miss this rare opportunity for a 3 bedroom, 2 bath condo on the beach at the popular Sanibel Moorings resort. The Sanibel Moorings sits on six acres with many great resort amenities. The unit is currently under renovation and is scheduled to be done in the fall of 2024. This property offers a great opportunity for rental income. The three bedroom units at the Moorings have been extremely popular rentals and on-site management makes it easy. Guests at the Moorings can relax in the heated pools, play pickle ball or tennis, or just walk through the gardens. Other amenities include kayaks and canoes, gift shop, fishing and of course our wonderful beach. There are also docks available on the canal side. In addition to owning in a beach resort property, this is a great investment.

Last Agent to Sell the Property

Daniel Wexler

Michael Saunders & Company License #3248290 Listed on: 01/26/2024

Michael Saunders & Company

Last Buyer's Agent

Susan McCallion

McCallion and McCallion License #3225968

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,605

Year Built

  • Built in 1973 | Under Construction

Lot Details

  • Property fronts gulf or ocean

HOA Fees

  • $941 Monthly HOA Fees

Home Design

  • Frame Construction
  • Piling Construction

Interior Spaces

  • 1,300 Sq Ft Home
  • Ceiling height between 8 to 10 feet
  • Combination Dining and Living Room
  • Screened Porch
  • Gulf Views
  • Breakfast Bar

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Outdoor Pool
  • Outdoor Storage

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 721
  • Assessor Parcel Number 29-46-23-T1-00400.0721

Community Details

Overview

  • Association fees include cable TV, exter pest control, exterior main/repair, insurance bldg, internet, irrigation, landscape/lawn, legal and accounting, manager, pool service, trash, water
  • Sanibel Moorings Association, Phone Number (239) 472-4119
  • Sanibel Moorings Community

Amenities

  • Community Barbecue Grill

Recreation

  • Tennis Courts
  • Pickleball Courts

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,605

Year Built

Built in 1973 | Under Construction

Lot Details

0

HOA Fees

$941 per month

Listing Details

  • Class: Condo
  • Property Type: Condo
  • Legal Description: SANIBEL MOORINGS CONDO DESC OR BK 0772 PG 0451 APT 721
  • Strap Number: 29-46-23-T1-00400.0721
  • Subject To F I R P T A: No
  • Year Built: 1973
  • Pets: Allowed
  • Folio Id: 10127751
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Price Per S Q F T: 865.38
  • Appliances: See Remarks
  • Estimated Living Sq Ft: 1300
  • Bathrooms: 2
  • Bathrooms Display: 2/0
  • Bedrooms: 3
  • Ceiling: 8 Ft Ceilings
  • Den: No
  • Fireplace: No
  • Flooring: See Remarks
  • Furnished: No
  • Furnishing: Unfurnished

Exterior Features

  • Misc Exterior: Frame, Ground Level, Piling Wood, Under Const.
  • Waterfront: Gulf
  • Waterfront: Yes
  • Coastal Construction: Behind 1974
  • Pool: Yes
  • View: Direct Gulf

Garage/Parking

  • Parking: Assigned, Guest

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Yes
  • Cooling: Central Air/Cooling
  • Heating: Heat Pump
  • Security: None/Not Applicable

Condo/Co-op/Association

  • Association Fees Disp: Y - $941/M
  • Association Fee: 941
  • Association Fee Period: Monthly
  • Association Right Of Refusal: No
  • Association Management: Sanibel Moorings
  • Management Company Phone: 239-472-4119
  • Condo Amenities: Grills, Pickleball, Tennis Court(s), See Remarks
  • Condo Name: Sanibel Moorings
  • Fees Include: Cable TV, Exter Pest Control, Exterior Main/Repair, Insurance Bldg, Internet, Irrigation, Landscape/Lawn, Legal and Accounting, Manager, Pool Service, Trash, Water
  • Govern Bodies: Condo Association
  • HOA: Yes
  • Master Association Disp: $0/
  • Members Right Of Refusal: No

Lot Info

  • Geo Update Timestamp: 2024-01-26
  • Geo Address Line: 845 E Gulf Dr
  • Geo Primary City: Sanibel
  • Geo Quality: 0.95
  • Geo Subdivision: FL
  • Geo Zoom Level: 16
  • Lot Number: 721

Rental Info

  • Application Required: Yes
  • Rent Phone: 239-472-4119
  • Rent Type: Weekly

Tax Info

  • Tax Amount: 10605
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2024
Closed on
May 29, 2024
Sold by
Susan S Locke Declaration Of Trust and Locke Susan S
Bought by
Ljn112 Holdings Llc
Seller's Agent
Daniel Wexler
Michael Saunders & Company
Buyer's Agent
Susan McCallion
McCallion and McCallion
List Price
$1,350,000
Sold Price
$1,125,000
Premium/Discount to List
-$225,000
-16.67%
Views
38
Current Estimated Value
$900,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$224,237
Avg. Annual Appreciation
-13.52%

Purchase Details

Closed on
Aug 15, 2017
Sold by
Locke Susan S
Bought by
Locke Susan S and Susan S Declaration Of Trust

Purchase Details

Closed on
Jun 27, 2008
Sold by
Murphy Brian F and Murphy Cynthia C
Bought by
Locke Susan S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.97%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 26, 1993
Sold by
Hensley Homer C and Hensley Eva R
Bought by
Murphy Brian F and Murphy Cynthia C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.81%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Ljn112 Holdings Llc $1,125,000 Title Group Services
Locke Susan S -- Attorney
Locke Susan S $900,000 Barrier Island Title Service
Murphy Brian F $360,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Locke Susan S $400,000
Previous Owner Murphy Brian F $252,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2024 05/29/24 Sold $1,125,000 -13.5% $865 / Sq Ft
04/14/2024 04/14/24 Pending -- -- --
02/20/2024 02/20/24 Price Changed $1,300,000 -3.7% $1,000 / Sq Ft
01/26/2024 01/26/24 For Sale $1,350,000 -- $1,038 / 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 $826 $844,768 -- $844,768
2024 $826 $57,119 -- $57,119
2023 $1,672 $115,150 $0 $115,150
2022 $10,558 $619,161 $0 $0
2021 $8,020 $562,874 $0 $562,874
2020 $8,032 $556,368 $0 $556,368
2019 $7,791 $535,373 $0 $535,373
2018 $7,982 $536,988 $0 $536,988
2017 $8,230 $541,025 $0 $541,025
2016 $7,710 $497,735 $0 $497,735
2015 $7,568 $475,545 $0 $475,545
2014 -- $452,400 $0 $452,400
2013 -- $534,511 $0 $534,511
Source: Public Records

Agents Affiliated with this Home

  • Daniel Wexler

    Seller's Agent in 2024

    Daniel Wexler

    Michael Saunders & Company

    (239) 472-5187

    19 in this area

    24 Total Sales

    Daniel Wexler
    Section Image
  • Susan McCallion

    Buyer's Agent in 2024

    Susan McCallion

    McCallion and McCallion

    (239) 233-6117

    210 in this area

    252 Total Sales

    Susan McCallion
    Section Image
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Map

Source: Sanibel & Captiva Islands Association of REALTORS®

MLS Number: 2240103

Sanibel & Captiva Islands Association of REALTORS®

APN: 29-46-23-T1-00400.0721

Florida Lee County Sanibel 33957

845 E Gulf Dr Unit 721, Sanibel, FL

Not Listed for Sale

Condos

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