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Sanibel, FL Homes for Sale under $400,000

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  • /33

    $380,000

    $5K PRICE DROP
    • 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

    Agent Photo

    Tina DiCharia

    Pfeifer Realty Group LLC

    1610 Middle Gulf Dr Unit A3, Sanibel, FL 33957
  • /26

    $399,000

    $351K PRICE DROP
    • Land
    • 18,730 Sq Ft
    • $927,907 per Acre

    224 Daniel Dr, Sanibel, FL 33957

    This is one of those extremely rare once-in-a-generation opportunities resulting from the adversity of Hurricane Ian. The former home (built in 1988) has been demolished leaving an unusually rare buildable lot in Sanibel's extremely popular near-beach community of Seagull Estates. This large lot is almost 1/2 an acre and is positioned to offer amazing lake views and a south-facing orientation for

    Agent Photo

    Jeff Burns

    Premier Sotheby's Int'l Realty

    224 Daniel Dr, Sanibel, FL 33957
  • /27

    $289,000

    • 1 Bed
    • 1 Bath
    • 638 Sq Ft

    601 Periwinkle Way Unit D7, Sanibel, FL 33957

    Welcome to Captains Walk Unit D7, a second-floor gem overlooking a beautifully landscaped courtyard, canal, and dock within this intimate, 48-unit island community. Escape to your own Sanibel retreat in this spacious one-bedroom & one-bath condo ideally located on the island’s desirable East End. Just a short walk or bike ride brings you to some of Florida’s most breathtaking beaches, where you

    Agent Photo

    Tina DiCharia

    Pfeifer Realty Group LLC

    601 Periwinkle Way Unit D7, Sanibel, FL 33957
  • /12

    $325,000

    $75K PRICE DROP
    • Land
    • 24,306 Sq Ft
    • $582,437 per Acre

    1653 Bunting Ln, Sanibel, FL 33957

    Fantastic homesite 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. Little to 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

    Agent Photo

    Carolyn Tongyai

    John R. Wood Properties

    1653 Bunting Ln, Sanibel, FL 33957
  • /15

    $399,000

    • Land
    • 10,890 Sq Ft
    • $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

    Agent Photo

    Gregory Demaras

    Pfeifer Realty Group LLC

    1032 Sand Castle Rd Unit 60, Sanibel, FL 33957
  • /26

    $399,000

    $351K PRICE DROP
    • Land
    • 18,730 Sq Ft
    • $927,907 per Acre

    224 Daniel Dr Unit 38, Sanibel, FL 33957

    This is one of those extremely rare once in a generation opportunities resulting from the adversity of Hurricane Ian. The former home (built in 1988) has been demolished leaving an unusually rare buildable lot in Sanibel's extremely popular near beach community of Seagull Estates. This large lot is almost 1/2 an acre and is positioned to offer amazing lake views and a south facing orientation for

    Agent Photo

    Jeff Burns

    Premier Sotheby's Int'l Realty

    224 Daniel Dr Unit 38, Sanibel, FL 33957
  • /15

    $399,000

    • Land
    • 10,715 Sq Ft
    • $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

    Agent Photo

    Gregory Demaras

    Pfeifer Realty Group LLC

    1032 Sand Castle Rd, Sanibel, FL 33957
  • /12

    $325,000

    $75K PRICE DROP
    • Land
    • 24,393 Sq Ft
    • $580,357 per Acre

    1653 Bunting Ln Unit 76, Sanibel, FL 33957

    Fantastic homesite 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. Little to 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

    Agent Photo

    Carolyn Tongyai

    John R. Wood Properties

    1653 Bunting Ln Unit 76, Sanibel, FL 33957
  • /14

    $375,000

    $23K PRICE DROP
    • Land
    • 15,681 Sq Ft
    • $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 KW Florida Living

    2349 Wulfert Rd Unit 12, Sanibel, FL 33957
  • /51

    $349,000

    $50K PRICE DROP
    • 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
  • /30

    $199,900

    $15K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 800 Sq Ft

    1119 Periwinkle Way Unit 99, Sanibel, FL 33957

    Welcome to your tropical oasis on beautiful Sanibel Island! This 2-bedroom, 2-bathroom home offers an exceptional blend of island charm and modern comfort. Nestled in a serene setting on a quiet street, this home is just minutes from pristine beaches, world-class shelling, and vibrant local shops and restaurants. Inside, you'll find a spacious living area filled with natural light, leading to the

    Steven Koleno BEYCOME OF FLORIDA LLC

    1119 Periwinkle Way Unit 99, Sanibel, FL 33957
  • /6

    $330,000

    $35K PRICE DROP
    • Land
    • 13,068 Sq Ft
    • $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

    $329,000

    $21K PRICE DROP
    • 1 Bed
    • 1 Bath
    • 558 Sq Ft

    1250 Tennisplace Ct Unit D33, Sanibel, FL 33957

    This charming Sanibel condominium is the beach retreat buyers wait for. This turnkey one-bedroom getaway offers effortless island living at an exceptional value, a rare opportunity in today’s market. Even more impressive, weekly rentals are permitted and managed by an on-island firm. This is an outstanding investment opportunity as well as a personal escape, and it's at a great price point for

    Tim Drobnyk Premier Sotheby's Int'l Realty

    1250 Tennisplace Ct Unit D33, Sanibel, FL 33957
  • /21

    $399,000

    $50K PRICE DROP
    • Land
    • 15,246 Sq Ft
    • $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
  • /8

    $280,000

    • Land
    • 31,363 Sq Ft
    • $388,889 per Acre

    5398 Osprey Ct Unit 16, Sanibel, FL 33957

    Incredible Value! Such a deal for someone wanting to live their island dream! This property was purchased for 280K 5 years ago, the Sellers are very motivated! Design your dream home from the ground up with every detail, just how you imagined it. But the real magic?? Morning laps just steps away in the sparkling community pool (hello, low-impact cardio and instant refresh). Afternoon rallies on

    Barbara Maughan John R. Wood Properties

    5398 Osprey Ct Unit 16, Sanibel, FL 33957
  • /15

    $349,000

    • Land
    • 15,246 Sq Ft
    • $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
  • /9

    $280,000

    • Land
    • 31,188 Sq Ft
    • $391,061 per Acre

    5398 Osprey Ct, Sanibel, FL 33957

    Incredible Value! Such a deal for someone wanting to live their island dream! This property was purchased for 280K 5 years ago, the Sellers are very motivated! Design your dream home from the ground up with every detail, just how you imagined it. But the real magic?? Morning laps just steps away in the sparkling community pool (hello, low-impact cardio and instant refresh). Afternoon rallies on

    Barbara Maughan John R. Wood Properties

    5398 Osprey Ct, Sanibel, FL 33957
  • /38

    $389,000

    $61K PRICE DROP
    • 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
  • /26

    $299,999

    $20K PRICE INCREASE
    • 1 Bed
    • 1 Bath
    • 638 Sq Ft

    805 E Gulf Dr Unit C7, Sanibel, FL 33957

    East-end 64-unit canal-to-gulf Sanibel Arms condo community is coming back. The association opened canal-side units in Bldgs A-C to owners in late April which is when the #C7 sellers returned to see it. Though #C7 being 2nd floor/interior was not damaged during the last storms, Assoc repairs have been underway since they left in Nov 2022. They lived in their unit before that. Today work continues

    Susan Andrews SanibelSusan Realty Associates

    805 E Gulf Dr Unit C7, Sanibel, FL 33957
  • /17

    $359,555

    • Land
    • 1.01 Acres
    • $355,995 per Acre

    6095 Dinkins Lake Rd Unit 11 & 12, Sanibel, FL 33957

    Nature lovers, take a long look at this homesite. Extremely rare one-acre-plus parcel located on the quiet, west end of Sanibel. This oversized site was created when the original Dinkins Bayou subdivision was re-platted by the City of Sanibel decades ago. It combined both lots #11 & #12 into a single parcel that contains 43,722 sq. ft., or slightly over one acre. According to a recent survey

    Charles Sobczak Michael Saunders & Company

    6095 Dinkins Lake Rd Unit 11 & 12, Sanibel, FL 33957
  • /12

    $340,000

    $5K PRICE DROP
    • Land
    • 15,681 Sq Ft
    • $944,444 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
  • /26

    $345,000

    $42K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 688 Sq Ft

    1250 Tennisplace Ct Unit E-22, Sanibel, FL 33957

    Wake up to breathtaking canal views, gentle coastal breezes, and dolphins and manatees gliding by from this beautifully positioned second-floor end residence at Tennisplace. Ideally located at the end of the community, this move-in-ready, turnkey furnished condo offers privacy, panoramic water views, and the effortless island lifestyle you've been dreaming of. Perfectly situated on Sanibel's east

    kelly Huguenin Pfeifer Realty Group LLC

    1250 Tennisplace Ct Unit E-22, Sanibel, FL 33957
  • /14

    $349,000

    • Land
    • 15,550 Sq Ft
    • $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
    • 15,681 Sq Ft
    • $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
    • 13,939 Sq Ft
    • $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
  • /17

    $359,555

    • Land
    • 1.01 Acres
    • $357,411 per Acre

    6095 Dinkins Lake Rd, Sanibel, FL 33957

    Nature lovers, take a long look at this homesite. Extremely rare one-acre-plus parcel located on the quiet, west end of Sanibel. This oversized site was created when the original DinkinsBayou subdivision was re-platted by the City of Sanibel decades ago. It combined both lots #11 & #12 into a single parcel that contains 43,722 sq. ft., or slightly over one acre. According to a recent survey

    Charles Sobczak Michael Saunders & Company

    6095 Dinkins Lake Rd, Sanibel, FL 33957
  • /12

    $340,000

    $5K PRICE DROP
    • Land
    • 15,638 Sq Ft
    • $947,075 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
    • 13,242 Sq Ft
    • $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
  • /5

    $189,000

    $50K PRICE DROP
    • Land
    • 16,552 Sq Ft
    • $497,368 per Acre

    491 Marian Rd, Sanibel, FL 33957

    Beautiful oversized 0.375-acre homesite on prestigious Sanibel Island, offering a rare opportunity to create a refined coastal residence in the desirable Sanibel Highlands. Ideally located just a short stroll from Algiers Beach, one of Sanibel’s cherished shelling beaches, this exceptional property combines privacy, flexibility, and long-term value in one of Southwest Florida’s most sought-after

    Alena Knoepfler FLORIDA HOMES REALTY & MORTGAGE GVILLE

    491 Marian Rd, Sanibel, FL 33957
  • /22

    $330,000

    • 1 Bed
    • 1 Bath
    • 680 Sq Ft

    805 E Gulf Dr Unit B4, Sanibel, FL 33957

    Totally rebuild one bedroom, one bathroom condo at Sanibel Arms on Sanibel's desirable East End. Beachfront complex with weekly rentals allowed. One of only 4 one bedroom units at Sanibel Arms with a private lanai. Tile floors throughout, tiled bathroom, quartz countertops in kitchen and bathroom. Stainless Steel appliances. All impact windows and glass sliding doors. End unit has 3 additional

    Andre Arensman John R. Wood Properties

    805 E Gulf Dr Unit B4, Sanibel, FL 33957
  • /33

    $335,000

    $154K PRICE DROP Pre-Foreclosure
    • 2 Beds
    • 2 Baths
    • 1,050 Sq Ft

    1610 Middle Gulf Dr Unit A5, Sanibel, FL 33957

    This charming second-floor Spanish Cay unit offers amazing views of the Sanibel River, from both the living room and the primary bedroom. The unit is high and dry and has never flooded. As you step inside, you’ll find a spacious and inviting layout featuring tile flooring in the kitchen and bathrooms, and clean carpeting in the living spaces. A short walk from the pristine beaches and emerald

    Kate Stone Pujol Kingfisher Real Estate, Inc.

    1610 Middle Gulf Dr Unit A5, Sanibel, FL 33957
  • /15

    $179,000

    • 1 Bed
    • 1 Bath
    • 556 Sq Ft

    1119 Periwinkle Way, Sanibel, FL 33957

    Unit 119 574 sq ft Park Model with sunroom, in addition to covered porch. Completely remodeled including new roof, windows, electrical, HVAC, surge protectors, plumbing, Pergo flooring, appliances, furniture, as well as furnishings in 2023. 20 anchors and straps professionally installed in 2025 and spray foam insulated in 2026. Designed for full time living, so everything has been lovingly cared

    Steven Koleno BEYCOME OF FLORIDA LLC

    1119 Periwinkle Way, Sanibel, FL 33957
  • /21

    $399,000

    $50K PRICE DROP
    • Land
    • 15,420 Sq Ft
    • $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

    $375,000

    $24K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 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

    $23K PRICE DROP
    • Land
    • 15,507 Sq Ft
    • $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

Home Price Trends

Median Sale Price
$925,000
Median Single Family Sale Price
$1,136,000
Median Townhouse Sale Price
$1,450,000
Median 2 Bedroom Sale Price
$738,000
Median 1 Bedroom Sale Price
$430,000
Average Price Per Sq Ft
$625
Number of Homes for Sale
241
Last 12 months Home Sales
687
Months of Supply
4.20
Median List Price
$1,050,000
Median Change From 1st List Price
13%
Median Home Sale Price YoY Change
5%
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