979 E Gulf Drive 242 Sanibel, FL $ 795,000
979 E Gulf Drive 242
$ 795,000
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979 E Gulf Drive 242

Sanibel, FL, 33957
$ 795,000
Bedrooms2 Baths2.0 Sq 1,184

Monthly Estimate*

$ 5,020

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Condo for sale in Sanibel, FL

for $795,000 with 2 bedrooms and 2 full baths. This 1,184 square foot condo was built in 1974 on a lot size of 0.3287.

Welcome to Loggerhead Cay 242– Your Slice of Sanibel Paradise. Discover island living at its finest in this beautifully updated 2-bedroom, 2-bathroom condo at Loggerhead Cay, offering partial Gulf and serene courtyard views. Recently updated throughout, this residence features a beautiful reconfigured new kitchen, all-new flooring, and a tastefully renovated master bedroom and bathroom—combining comfort with coastal style. Offered fully furnished turnkey, the unit boasts a full size in-unit washer/dryer. With a strong rental potential, this condo represents an excellent investment opportunity as well as a personal retreat, appealing to both vacationers and savvy buyers looking for consistent income potential. Loggerhead Cay is known as one of Sanibel's best-run and most financially stable communities, spanning 4.5 acres with approximately 400 feet of beachfront. Residents enjoy premier amenities, including one of the island's largest pools, tennis and pickleball courts, shuffleboard, grilling/picnic areas, designated parking, elevators and on-site management. Located on Sanibel's desirable east end, the community offers convenient access to the Causeway for easy travel on and off the island, as well as proximity to the Sanibel Lighthouse, local restaurants, shopping, and the Ding Darling National Wildlife Refuge. Whether you're seeking a beachside getaway, an income-producing rental, or both, this Loggerhead Cay condo delivers the quintessential Sanibel lifestyle.

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Condo Active

Price

$ 795,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 7,889

Style

Courtyard, None, Mid Rise

Lot Size

0.3287

Year Built

1974

Town/City

Sanibel

County/Region

Lee

MLS | Web ID

2026034410

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 Electric Cooktop Freezer Microwave Refrigerator Washer
HOA Fee 0
Garage Spaces 0
Association Fee Includes Legal/Accounting Maintenance Grounds Recreation Facilities Sewer Trash Water
Patio/Porch Features Lanai Porch Screened
Architectural Style Courtyard None Mid Rise
Pool Features In Ground Community
Security Features None Smoke Detector(s)
Construction Materials Block Concrete Stucco
Pets Allowed Call Conditional
Year Built 1974
View Gulf Landscaped Partial
Unit Number 242
Property Subtype Condominium
Tax Year 2025
Ownership Condo
Waterfront Features Beach Front
Community Features Condo Hotel Community Elevator Near Hotel/Motel
HOA Fee 2 1100
County Lee
Property Type Residential
Association Amenities Beach Rights Beach Access Bike Storage Pickleball Pool Shuffleboard Court Tennis Court(s) Management
HOA true
Subdivision Name LOGGERHEAD CAY CONDO
Facing Direction West
Garage Y/N false
Total Rooms 0
Full Baths 2
Status Active
City Sanibel
Disclosures Owner Has Flood Insurance
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 7889
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026034410
Standard Status Active
Tax Lot 242
Property Sub Type Additional Condominium
Legal Description LOGGERHEAD CAY PHSE I COND OR 964 PG 821 UNIT 242
Assoc/CIC Condominium
HOA Fee 3 0
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Interior
Interior Amenities Breakfast Bar Kitchen Island Living/Dining Room Shower Only Separate Shower
Flooring Laminate
Furnished Y/N Furnished
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Window Features Sliding Impact Glass
Half Baths 0
Total Bedrooms 2
Entry Level 2
Room Type Screened Porch
Total Baths 2
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Exterior
Exterior Amenities Courtyard Security/High Impact Doors
Parking Features Assigned Guest Paved One Space
Lot Features Other
Water Source Public
Lot Size Area 0.3287
Spa false
Building Area Total 1184
Lot Size Acres 0.3287
Road Surface Type Paved
Private Pool true
Lot Size Source Appraiser
Waterfront Y/N true
Covered Spaces 0
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* Excluded Features
List By
Rob Pailes

Listing Agent

Sbl Realty Group Llc

Broker

robpailes@me.com

Email

Affordability Calculator

$5,677
Per Month
88%
12%
0%
Monthly Principal & Interest
$5,020
Monthly Property Taxes
$657
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
8/13/2026$795,000 Listed Price

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979 E Gulf Drive 242, Sanibel, FL, 33957 is a Condo for sale at $795,000 with 1,184 sqft and a lot size of 0.3287. 979 E Gulf Drive 242 has 2 bedrooms, 2.0 baths, and was built in 1974. The property's zip code is 33957 which is in Sanibel, FL