805 E Gulf Drive 5-D Sanibel, FL $ 389,000
805 E Gulf Drive 5-D
$ 389,000
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805 E Gulf Drive 5-D

Sanibel, FL, 33957
$ 389,000
Bedrooms2 Baths2.0 Sq 902

Monthly Estimate*

$ 2,395

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Condo for sale in Sanibel, FL

for $389,000 with 2 bedrooms and 2 full baths. This 902 square foot condo was built in 1971.

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 revitalized amenities designed to make the entire property feel like new. This inviting 2-bedroom, 2-bath condo with a washer and dryer, offers the ideal blend of comfort, value, and future upside. Direct boating and kayaking access to the Gulf makes this a dream location for those who love exploring Sanibel’s waterways, spotting wildlife, and enjoying the island’s natural beauty. Once renovations are complete, a short stroll will lead you to the heated community pool and Sanibel’s iconic white sand beaches. The location places you right in the heart of the island lifestyle — bike to the Lighthouse, visit nearby shops and restaurants, or enjoy an evening ice cream after a sunset walk on the beach. This is the Sanibel experience buyers dream about. Inside the residence, you’ll find numerous updates already in place, including new impact windows and doors, tankless water heater, new A/C, recessed lighting, updated electrical panel, and large tile flooring throughout. The unit was fully updated prior to Ian and was not damaged, showcasing a newer kitchen and bathrooms. With some furniture remaining, the space is ready for your personal finishing touches. Sanibel Arms has long been known as one of the island’s best values. Upon completion, owners and guests will enjoy manicured grounds, a welcoming clubhouse, on-site management, and canal-side dockage for boating enthusiasts. Spend your days kayaking, watching dolphins glide by, or relaxing on Sanibel’s family-friendly shoreline. Whether you’re searching for a personal retreat or a savvy investment in Sanibel’s ongoing recovery and revitalization, this is a standout opportunity to buy into a community on the rise — and enjoy the rewards for years to come.

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Condo Active

Price

$ 389,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 984

Style

Courtyard, Low Rise

Year Built

1971

Town/City

Sanibel

County/Region

Lee

MLS | Web ID

2026007809

Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Ceiling Fan(s) Electric
Utilities Cable Available
Possession Close Of Escrow
Roof Built-Up Flat
Appliances Dryer Dishwasher Disposal Ice Maker Microwave Range Refrigerator RefrigeratorWithIce Maker Washer
HOA Fee 0
Garage Spaces 0
Association Fee Includes Association Management Cable TV Insurance Irrigation Water Laundry Legal/Accounting Maintenance Grounds Pest Control Recreation Facilities Sewer Trash Water
Patio/Porch Features Lanai Porch Screened
Architectural Style Courtyard Low Rise
Pool Features Community
Security Features Smoke Detector(s)
Construction Materials Block Concrete Stucco
Pets Allowed Call Conditional
Year Built 1971
View Landscaped Pool
Unit Number 5-D
Property Subtype Condominium
Tax Year 2025
Ownership Condo
Waterfront Features Beach Front Gulf
Community Features Non-Gated
HOA Fee 2 1130
County Lee
Property Type Residential
Association Amenities Beach Rights Boat Dock Beach Access Boat Ramp Clubhouse Laundry Barbecue Picnic Area Pool Boat Slip
HOA true
Subdivision Name SANIBEL ARMS
Facing Direction Northeast
Garage Y/N false
Building Features On Site Management
Full Baths 2
Status Active
Directions USE GPS
City Sanibel
Disclosures RV Restriction(s)
Land Lease Amount 0
Senior Community Y/N false
MLS Area SI01 - Sanibel Island
Lot Size Units Acres
Carport Spaces 0
Carport Y/N false
HOA Fee 2 Frequency Monthly
Tax Annual Amount 984
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026007809
Structure Type Low Rise
Standard Status Active
Tax Lot 5
Property Sub Type Additional Condominium
Legal Description SANIBEL ARMS CONDOMINIUM BLDG D OR 682 PG 691 APT 5
Assoc/CIC Condominium
HOA Fee 3 0
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Interior
Interior Amenities Breakfast Bar Living/Dining Room Shower Only Separate Shower Cable TV Window Treatments
Flooring Tile
Furnished Y/N Partially
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Window Features Sliding Impact Glass Window Coverings
Half Baths 0
Laundry Features Common Area Inside
Total Bedrooms 2
Entry Level 2
Room Type Family Room Screened Porch
Total Baths 2
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Exterior
Exterior Amenities Courtyard Security/High Impact Doors
Parking Features Assigned Golf Cart Garage Paved One Space
Lot Features Zero Lot Line
Water Source Public
Lot Size Area 0
Spa false
Building Area Total 1060
Lot Size Acres 0
Road Surface Type Paved
Private Pool false
Lot Size Source Appraiser
Waterfront Y/N true
Covered Spaces 0
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* Excluded Features
List By
Kelly Huguenin

Listing Agent

Pfeifer Realty Group Llc

Broker

sanibelkell@comcast.net

Email

Affordability Calculator

$2,477
Per Month
97%
3%
0%
Monthly Principal & Interest
$2,395
Monthly Property Taxes
$82
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/20/2026$389,000 Listed Price

Map


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805 E Gulf Drive 5-D, Sanibel, FL, 33957 is a Condo for sale at $389,000 with 902 sqft. 805 E Gulf Drive 5-D has 2 bedrooms, 2.0 baths, and was built in 1971. The property's zip code is 33957 which is in Sanibel, FL