Sanibel, FL Homes for Sale under $400,000

/33
$380,000
- 1 Bed
- 1 Bath
- 950 Sq Ft
1610 Middle Gulf Dr Unit A3, Sanibel, FL 33957

Step into island living at Spanish Cay! This ground-level 1BR/1BA condo has been completely rebuilt for today’s standards in mind. Everything is new—electrical, plumbing, HVAC, lighting, appliances, tile flooring, walk-in shower, cabinetry, and impact sliders. The open kitchen features quartz counters, stainless steel appliances, and a breakfast bar that flows into the living area. A large

Tina DiCharia

Royal Shell Real Estate, Inc.

(855) 686-4896

1610 Middle Gulf Dr Unit A3, Sanibel, FL 33957
Explore Sanibel
/12
$395,000
- Land
- 0.56 Acre
- $707,885 per Acre
1653 Bunting Ln, Sanibel, FL 33957

Fantastic corner lot in the popular Gumbo Limbo neighborhood. Located at the corner of Bunting Ln and Coventry Ct. Build the perfect home on this large, .55 acre lot, mostly cleared, with a newer below-ground swimming pool in place. No impact fees due to previous homesite. Survey available. House plans, which were approved by the Association, for a spacious 3 bed/3.5 bath home with 2-car garage

Carolyn Tongyai

John R. Wood Properties

(877) 297-9091

1653 Bunting Ln, Sanibel, FL 33957
/15
$399,000
- Land
- 0.25 Acre
- $1,596,000 per Acre
1032 Sand Castle Rd Unit 60, Sanibel, FL 33957

Discover the perfect canvas for your dream home at 1032 Sand Castle Road, located in the serene and sought-after Dunes community of Sanibel, Florida. This exceptional buildable lot presents an unparalleled opportunity to create your own retreat that captures the essence of coastal living. Nestled in the heart of Sanibel, this lot offers proximity to the island's beautiful beaches, vibrant local

Gregory Demaras

Pfeifer Realty Group LLC

(866) 854-3095

1032 Sand Castle Rd Unit 60, Sanibel, FL 33957
/15
$399,000
- Land
- 0.25 Acre
- $1,621,951 per Acre
1032 Sand Castle Rd, Sanibel, FL 33957

Discover the perfect canvas for your dream home at 1032 Sand Castle Road, located in the serene and sought-after Dunes community of Sanibel, Florida. This exceptional buildable lot presents an unparalleled opportunity to create your own retreat that captures the essence of coastal living. Nestled in the heart of Sanibel, this lot offers proximity to the island's beautiful beaches, vibrant local

Gregory Demaras

Pfeifer Realty Group LLC

(866) 705-4379

1032 Sand Castle Rd, Sanibel, FL 33957
/12
$395,000
- Land
- 0.56 Acre
- $705,357 per Acre
1653 Bunting Ln Unit 76, Sanibel, FL 33957

Fantastic corner lot in the popular Gumbo Limbo neighborhood. Located at the corner of Bunting Ln and Coventry Ct. Build the perfect home on this large, .55 acre lot, mostly cleared, with newer below-ground swimming pool in place. No impact fees due to previous homesite. Survey available. House plans, which were approved by the Association, for a spacious 3 bed/3.5 bath home with 2-car garage are

Carolyn Tongyai

John R. Wood Properties

(833) 293-2909

1653 Bunting Ln Unit 76, Sanibel, FL 33957
/24
$389,000
- 2 Beds
- 2 Baths
- 902 Sq Ft
805 E Gulf Dr Unit 5D, Sanibel, FL 33957

Looking for the perfect island investment at a majorly reduced price? Sanibel Arms D5 presents a rare chance to secure your place in one of Sanibel’s most beloved beachfront communities during its exciting renewal phase. This complex is undergoing comprehensive renovations with anticipated completion in Summer of 2026. The transformation includes new impact windows, freshly painted exteriors, and

kelly Huguenin Pfeifer Realty Group LLC

805 E Gulf Dr Unit 5D, Sanibel, FL 33957
/14
$375,000
- Land
- 0.36 Acre
- $1,041,667 per Acre
2349 Wulfert Rd Unit 12, Sanibel, FL 33957

One of the Best Homesites in The Sanctuary - And it Could be Yours. If you've been waiting for the right opportunity to build on Sanibel Island, this may be the one you've been hoping for. Perfectly positioned along the 13th fairway of The Sanctuary Golf Club and a few minute drive to Bowman's Beach, the most beautiful and natural beach on the island. This premier homesite offers prized western

Christopher Kirchner Keller Williams Realty Fort Myers and the Islands

2349 Wulfert Rd Unit 12, Sanibel, FL 33957
/51
$359,999 Open Sat 1PM - 5PM
- 3 Beds
- 2 Baths
- 1,800 Sq Ft
1119 Periwinkle Way Unit 355, Sanibel, FL 33957

Beautiful Property at Periwinkle Way

Steven Koleno BEYCOME OF FLORIDA LLC

1119 Periwinkle Way Unit 355, Sanibel, FL 33957
/6
$330,000
- Land
- 0.3 Acre
- $1,100,000 per Acre
2090 Wild Lime Dr Unit 88, Sanibel, FL 33957

This property is high, dry and ready to build your nature lovers dream home. Located just steps from Ding Darling Preserve, and minutes from Bowmans Beach. Previous home (now demolished) sheltered cars in the garage during hurricane Ian and saw no water damage whatsoever. This property is on the north side of Wild Lime Drive, offering privacy. Utilities in place include sewer, water, cable and

Sally Davies Royal Shell Real Estate, Inc.

2090 Wild Lime Dr Unit 88, Sanibel, FL 33957
/21
$399,000
- Land
- 0.35 Acre
- $1,140,000 per Acre
2438 Wulfert Rd Unit 31, Sanibel, FL 33957

One of the best locations available in the Sanctuary offered for sale today with Eastern exposure, golf course views and a preservation buffer in the distance to maintain and enhance privacy. The Sanctuary Golf Club is an Audubon, Platinum recognized 18-hole championship golf course designed by Arthur Hills. Stunning scenery with nature everywhere. World class clubhouse, fitness center, tennis

Michael McMurray Royal Shell Real Estate, Inc.

2438 Wulfert Rd Unit 31, Sanibel, FL 33957
/15
$349,000
- Land
- 0.35 Acre
- $997,143 per Acre
1757 Serenity Ln, Sanibel, FL 33957

Located in the desirable Gumbo Limbo neighborhood on beautiful Sanibel Island, this spacious homesite at 1757 Serenity Lane offers an excellent opportunity to build your custom island retreat. Nestled among mature native vegetation, the property provides a peaceful setting within one of Sanibel’s well-established residential communities. Gumbo Limbo is known for its quiet streets, natural

Kerri Maw Pfeifer Realty Group LLC

1757 Serenity Ln, Sanibel, FL 33957
/31
$395,000
- 1 Bed
- 1 Bath
- 612 Sq Ft
760 Sextant Dr Unit 612, Sanibel, FL 33957

ONE OF THE BEST BUYS ON THE ISLAND!This exquisite top-floor, corner condo offers breathtaking views of San Carlos Bay and an unbeatable coastal lifestyle. Perfect for boating enthusiasts or anyone who loves being close to the water, this residence combines comfort, convenience, and exceptional amenities. The kitchen features granite countertops, newer stainless-steel appliances, and a

Nelica Krekic Nexthome South Pointe

760 Sextant Dr Unit 612, Sanibel, FL 33957
/24
$389,000
- 2 Beds
- 2 Baths
- 902 Sq Ft
805 E Gulf Dr Unit D-5, Sanibel, FL 33957

Looking for the perfect island investment at a majorly reduced price? Sanibel Arms D5 presents a rare chance to secure your place in one of Sanibel’s most beloved beachfront communities during its exciting renewal phase. This complex is undergoing comprehensive renovations with anticipated completion in Summer of 2026. The transformation includes new impact windows, freshly painted exteriors, and

kelly Huguenin Pfeifer Realty Group LLC

805 E Gulf Dr Unit D-5, Sanibel, FL 33957
/12
$345,000
- Land
- 0.36 Acre
- $958,333 per Acre
2372 Wulfert Rd Unit 37, Sanibel, FL 33957

Welcome to 2372 Wulfert Road, an exceptional .36-acre vacant homesite located within the exclusive Sanctuary community on Sanibel Island. This generously sized lot offers the perfect canvas to create your dream island retreat, surrounded by lush natural beauty, serene lake views, and world-class golf course surroundings. Positioned on a quiet street with elegant custom homes, this property

Kerri Maw Pfeifer Realty Group LLC

2372 Wulfert Rd Unit 37, Sanibel, FL 33957
/14
$349,000
- Land
- 0.36 Acre
- $977,591 per Acre
2310 Wulfert Rd, Sanibel, FL 33957

Build your dream home in this prestigious golf course community, offering a prime northeastern exposure perfect for capturing stunning Sanibel sunrises with serene golf course views. The Sanctuary is the only private Golf & Tennis Club on Sanibel and Captiva Islands, boasting an Audubon Certified 18-hole course uniquely surrounded by a national wildlife preserve. While Sanctuary Membership is

Eric Pfeifer Pfeifer Realty Group LLC

2310 Wulfert Rd, Sanibel, FL 33957
/14
$349,000
- Land
- 0.36 Acre
- $969,444 per Acre
2310 Wulfert Rd Unit 42, Sanibel, FL 33957

Build your dream home in this prestigious golf course community, offering a prime northeastern exposure perfect for capturing stunning Sanibel sunrises with serene golf course views. The Sanctuary is the only private Golf & Tennis Club on Sanibel and Captiva Islands, boasting an Audubon Certified 18-hole course uniquely surrounded by a national wildlife preserve. While Sanctuary Membership is

Eric Pfeifer Pfeifer Realty Group LLC

2310 Wulfert Rd Unit 42, Sanibel, FL 33957
/7
$399,000
- Land
- 0.32 Acre
- $1,246,875 per Acre
1722 Windward Way, Sanibel, FL 33957

Build your dream home in the heart of Sanibel. Windward Way is known as Lagoon Estates and is centrally located near the intersection of Casa Ybel Road and Perwinkle Way. From this property it’s a quick bike ride to Gulfside City Beaches and Community Center Park. You are also around the corner from Jerry’s Shopping Center and walking/biking distance to many shops and restaurants. The home was

Lori Jackson Pa Royal Shell Real Estate Inc

1722 Windward Way, Sanibel, FL 33957
/12
$345,000
- Land
- 0.36 Acre
- $961,003 per Acre
2372 Wulfert Rd, Sanibel, FL 33957

Welcome to 2372 Wulfert Road, an exceptional .36-acre vacant homesite located within the exclusive Sanctuary community on Sanibel Island. This generously sized lot offers the perfect canvas to create your dream island retreat, surrounded by lush natural beauty, serene lake views, and world-class golf course surroundings.Positioned on a quiet street with elegant custom homes, this property

Kerri Maw Pfeifer Realty Group LLC

2372 Wulfert Rd, Sanibel, FL 33957
/6
$330,000
- Land
- 0.3 Acre
- $1,085,526 per Acre
2090 Wild Lime Dr, Sanibel, FL 33957

This property is high, dry and ready for you to create your nature lovers dream home. Located just steps from Ding Darling Preserve, and minutes from Bowman's Beach, one of the islands most beautiful. Previous home (now demolished) sheltered cars in the garage unharmed in recent storms. This property is located on the north side of Wild Lime Drive, offering privacy. Utilities in place include

Sally Davies Royal Shell Real Estate, Inc.

2090 Wild Lime Dr, Sanibel, FL 33957
/30
$349,000
- 2 Beds
- 1.5 Baths
- 850 Sq Ft
561 Periwinkle Way Unit E4, Sanibel, FL 33957

Are you ready to experience island lifestyle in your brand-new Sanibel Island retreat? Then don’t miss this 2-bedroom, 1.5-bath corner residence—completely renovated, easily accessible and ready for you to make your own. No detail has been overlooked. Captains Walk Unit E-4 features brand-new upgrades throughout, including GE appliances, beautiful large-format ceramic tile flooring, granite

Anna Turner Royal Shell Real Estate, Inc.

561 Periwinkle Way Unit E4, Sanibel, FL 33957
/22
$399,000
- Land
- 0.31 Acre
- $1,287,097 per Acre
4019 Coquina Dr, Sanibel, FL 33957

An exceptional near beach parcel with good elevation, that also backs up to preservation land to ensure supreme privacy in perpetuity. This ideal cul-de-sac location is just steps to deeded beach access across from the entrance to this small community off of West Gulf Drive. This parcel is also altered land which allows for greater development coverage. The measured sq fg is 14,095 sq ft. Owners

Phaidra McDermott Kingfisher Real Estate, Inc.

4019 Coquina Dr, Sanibel, FL 33957
/22
$395,000
- 2 Beds
- 2 Baths
- 1,204 Sq Ft
1812 Ibis Ln, Sanibel, FL 33957

This charming island home offers an exciting opportunity for investors or buyers ready to create their own coastal retreat. While the property sustained hurricane damage and will require a full remodel, it provides a rare chance to reimagine the space from the ground up. With an existing footprint in place, this home is well suited for a custom renovation designed to capture island living at its

Kara Cuscaden Pfeifer Realty Group LLC

1812 Ibis Ln, Sanibel, FL 33957
/28
$389,000
- Land
- 0.78 Acre
- $498,718 per Acre
486 Ponce de Leon Rd, Sanibel, FL 33957

One or more photo(s) has been virtually staged. $10,000 Price Improvement! Perfect time to be a part of Sanibel's growth and revitalization! This .74 ACRE MOL, BUILDABLE property is SIX LOTS combined creating one HUGE, BEAUTIFUL WOODED, CORNER LOT in a friendly, quiet neighborhood tucked away off of the main road. This area still has the charm of old Sanibel with the sun-bleached, crushed-shell

Shawn Killebrew COASTAL PROPERTIES GROUP INTERNATIONAL

486 Ponce de Leon Rd, Sanibel, FL 33957
/14
$339,000
- 1 Bed
- 1 Bath
- 638 Sq Ft
805 E Gulf Dr Unit A7, Sanibel, FL 33957

Welcome to Unit A7 in the Original Sanibel Arms Complex — a rare opportunity to secure your place in one of Sanibel’s most beloved communities. The complex is currently undergoing a full renovation following Hurricane Ian, with completion anticipated in April 2026. Once finished, Sanibel Arms will feel beautifully refreshed with new impact windows, freshly painted exteriors, and revitalized

Deborah Smith Michael Saunders & Company

805 E Gulf Dr Unit A7, Sanibel, FL 33957
/22
$399,000
- Land
- 0.36 Acre
- $1,108,333 per Acre
4019 Coquina Dr Unit 19, Sanibel, FL 33957

An exceptional near beach parcel with good elevation, that also backs up to preservation land to ensure supreme privacy in perpetuity. This ideal cul-de-sac location is just steps to deeded beach access across from the entrance to this small community off of West Gulf Drive. This parcel is also altered land which allows for greater development coverage. The measured sq fg is 14,095 sq ft. Owners

Phaidra McDermott Kingfisher Real Estate Inc.

4019 Coquina Dr Unit 19, Sanibel, FL 33957
/22
$315,000
- 2 Beds
- 1.5 Baths
- 850 Sq Ft
561 Periwinkle Way Unit E2, Sanibel, FL 33957

Don't miss the opportunity to make this beautiful and totally renovated condo your island getaway. Located in the sought after east end of Sanibel. This 2 bedroom, 1 and 1/2 bath condo features all new impact glass, newly renovated baths, kitchen, white coastal cabinetry, new stainless appliances, quartz countertops and luxury vinyl flooring. Extended cabinetry through out the dining area.

Teresa Baker Royal Shell Real Estate, Inc.

561 Periwinkle Way Unit E2, Sanibel, FL 33957
/35
$380,000 Open Sat 1:30PM - 3:30PM
- 1 Bed
- 1 Bath
- 950 Sq Ft
1610 Middle Gulf Dr Unit F2, Sanibel, FL 33957

Fabulous opportunity to own a brand new near-beach condo on Sanibel! Enjoy beautiful river views from the privacy of this exceptional condo. Impact sliders line the full expanse of the unit creating a fabulous indoor/ outdoor space with bright natural light. This sunroom extends the living area providing a comfortable open floor plan. The white kitchen features all new appliances, quartz

Jennifer McSorley Pfeifer Realty Group LLC

1610 Middle Gulf Dr Unit F2, Sanibel, FL 33957
/26
$329,000 Open Sat 11AM - 2PM
- 2 Beds
- 1 Bath
- 967 Sq Ft
601 Periwinkle Way Unit D1, Sanibel, FL 33957

This beautifully renovated 2/1 at Captain’s Walk is the lowest-priced 2 bedroom corner condo on Sanibel! It is on the East End offering easy on-and-off island access. This is a corner unit offering more privacy and natural light! Walk or bike to beaches, shops, and dining. Features include impact windows, tile floors, wood cabinetry, granite countertops, kayak launch and storage, boat drop-off,

Kate Stone Pujol Kingfisher Real Estate, Inc.

601 Periwinkle Way Unit D1, Sanibel, FL 33957
/21
$399,000
- Land
- 0.35 Acre
- $1,127,119 per Acre
2438 Wulfert Rd, Sanibel, FL 33957

One of the best locations available in the Sanctuary offered for sale today with Eastern exposure, golf course views and a preservation buffer in the distance to maintain and enhance privacy. The Sanctuary Golf Club is an Audubon, Platinumr ecognized 18-hole championship golf course designed by Arthur Hills. Stunning scenery with nature everywhere. World class clubhouse, fitness center, tennis

Michael McMurray Royal Shell Real Estate, Inc.

2438 Wulfert Rd, Sanibel, FL 33957
/38
$399,000
- 2 Beds
- 1.5 Baths
- 688 Sq Ft
1250 Tennisplace Ct Unit A33, Sanibel, FL 33957

Welcome to Tennisplace! Sanibel’s best-kept secret. This private boutique enclave is surrounded by lush tropical grounds, offering quiet serenity just moments from all the island’s highlights. From your balcony, enjoy mesmerizing canal views at the bend of Shell Harbor Channel while ospreys, pelicans, and even dolphins put on a daily show. Takea bike ride along Sanibel’s famed paths, spend your

Jennifer Berry Royal Shell Real Estate, Inc.

1250 Tennisplace Ct Unit A33, Sanibel, FL 33957
/13
$375,000
- Land
- 0.36 Acre
- $1,053,371 per Acre
2349 Wulfert Rd, Sanibel, FL 33957

One of the Best Homesites in The Sanctuary - And it Could be Yours. If you've been waiting for the right opportunity to build on Sanibel Island, this may be the one you've been hoping for. Perfectly positioned along the 13th fairway of The Sanctuary Golf Club and a few minute drive to Bowman's Beach, the most beautiful natural beach on the island. This premier homesite offers prized western

Christopher Kirchner Keller Williams Realty Fort Myers

2349 Wulfert Rd, Sanibel, FL 33957

Florida Lee County Sanibel

Home Trends in Sanibel, FL

On average, homes in Sanibel, FL sell after 179 days on the market compared to the national average of 55 days. The median sale price for homes in Sanibel, FL over the last 12 months is $868,000, down 12% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$868,000

Median Single Family Sale Price

$1,195,000

Median Townhouse Sale Price

$1,450,000

Median 2 Bedroom Sale Price

$750,000

Median 1 Bedroom Sale Price

$430,000

Average Price Per Sq Ft

$645

Number of Homes for Sale

462

Last 12 months Home Sales

587

Months of Supply

9.40

Median List Price

$1,091,000

Median Change From 1st List Price

14%

Median Home Sale Price YoY Change

-12%

How to Buy a Home How to Finance a Home How to Sell a Home

Explore the array of homes and houses for sale under $400,000 in Sanibel, where you'll find 31 options tailored for those seeking affordable real estate opportunities. Whether you're interested in spacious family homes, modern townhouses, or cozy bungalows, Sanibel offers a diverse range of choices to match your needs and financial considerations. Take advantage of these affordably-priced properties to make your move into the real estate market in Sanibel, FL.

Sanibel Types of Homes for Sale

Sanibel Homes by Price

More About Living in Sanibel

Homes for Sale in Nearby Neighborhoods

Homes for Sale in Nearby Cities

Homes for Sale in Nearby Counties

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.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage