About This Home

This 2-bedroom, 2-bathroom condo at 827 E Gulf Drive #L1 in Sanibel, FL is listed for $749,000 ($720 per sqft). Built in 1974, the home offers 1,040 sqft of living space on a N/A lot.

Key Features

  • Built in 1974
  • 2 stories
  • Waterfront

Property Details

2 stories
2 full
#L1
1974

Amenities

WaterfrontA/C
Listing Description

This stunning Gulf-view condo offers everything you need for a perfect coastal retreat or a solid investment. Featuring 2 beautifully renovated bedrooms and 2 baths, the condo exudes charm and comfort. Step outside and enjoy the gorgeous beach just moments away, or take advantage of the canal for some peaceful boating.

The amenities are exceptional with a pool, tennis courts, and the opportunity for impressive rental income. With on-site rental management bringing in over $75,000 per year, the potential for return on investment is fantastic. Plus, Sanibel Arms West is about to open for rentals, offering even more opportunities to capitalize on this prime location. Don't miss out on this incredible opportunity-whether you're looking for a vacation home or a lucrative rental property, this condo checks all the boxes!

Monthly Cost Estimate

$4,006/mo

20% down · 6.5% · 30 years

Principal$542
Interest$3,246
Insurance$218

Estimates only. Actual payments may vary.

Location

827 E Gulf Drive #L1

Sanibel, FL 33957

SANIBEL ARMS WEST CONDO

Features & Amenities

Interior Features

BreakfastBarLivingDiningRoomShowerOnlySeparateShowerCableTvHighSpeedInternetSplitBedrooms

Exterior Features

SecurityHighImpactDoorsOutdoorShowerTennisCourts

Property Details

Flooring

Tile

Construction

Block Concrete Stucco

Outdoor Features

Porch

Heating

Electric (Heating)Central

Cooling

Central AirCeiling Fan(s)Electric

Appliances

DryerDishwasherFreezerDisposalMicrowaveRangeRefrigeratorWasher

Questions & Answers

This 2-bedroom, 2-bathroom condo at 827 E Gulf Drive is listed at $749,000 ($720/sqft). The estimated monthly payment is $4,005 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1974, 2 stories, Waterfront. Interior Features: BreakfastBar, LivingDiningRoom, ShowerOnly. Exterior Features: SecurityHighImpactDoors, OutdoorShower, TennisCourts.

This property is listed by Rose Dakos.

RD

Rose Dakos

License 280500032

Agent at Royal Shell Real Estate, Inc.

Listed by Royal Shell Real Estate, Inc. · Broker phone: (239) 689-7653 · View on Broker Site · Broker website

MLS# 225008077· Source: Florida Gulf Coast Multiple Listing Service, Inc.· 644 days on PropertySimple

Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

827 E Gulf Drive #L1, Sanibel, FL 33957

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