42
$699,950
2 bd · 2 ba · 1,265 sqft
1299 Middle Gulf Dr Unit 223, Sanibel, FL
Iris Aloia · Michael Saunders & Company · on 2 MLSs
Est. $5,430/moGet pre-qualified$358/sqft · 182 days on Realty
3
Beds
2
Baths
2,300
Sqft
1987
Built
****UPDATED 6/26/2026**** SELLER CREDIT TO BUYER FOR INSTALLATION OF POOL WITH THE RIGHT OFFER. SEE PROPOSED POOL PICTURES WITH COST ESTIMATES AVAILABLE UPON REQUEST. Attention Investors — Collect Rental Income From Day One This fully furnished 3-bedroom, 2-bathroom property is a rare opportunity for investors seeking immediate cash flow and long-term potential. Fully rented and income-producing, it offers a turnkey investment with low-maintenance ownership and affordable flood insurance costs. Whether you’re looking to expand your investment portfolio or secure your future island retreat, this property lets you generate rental income now while keeping the option to enjoy island living later—part-time or full-time. Property Highlights: • Fully furnished• Fully rented with immediate rental income• Turnkey, low-maintenance investment• Low flood insurance costs• Strong income-producing opportunity• Potential future island home or vacation getaway Don’t miss this opportunity to own an investment property that works for you from day one.
Listing agent
Anthony DiBiase
Courtesy of John R. Wood Properties
(239) 839-4987
Florida Gulf Coast Multiple Listing Service · Listing 2026010789
Listing agent
Anthony DiBiase
Courtesy of John R. Wood Properties
(239) 839-4987
Florida Gulf Coast MLS/Royal Palm Coast Realtor Association(SWFLMLS) · Listing 2026010789
Choose a source to show its complete, unblended listing record.
Showing Florida Gulf Coast Multiple Listing Service
$164,600
Estimated monthly payment
$5,430/mo
Loan amount $658,400. Estimate only — your actual rate and payment depend on credit, location, and lender.
2026 roll
Within 2 miles of this home: 7 restaurants and cafés, 1 grocery store, 4 parks and green spaces, and 2 transit stops.
Place data from OpenStreetMap.
400 Rabbits
Mexican restaurant · Rabbit Road
Over Easy Cafe
Doc Ford's Rum Bar & Grille
Island Inn Road
George and Wendy's Seafood Grill
Periwinkle Way
Bailey’s Coffee Bar
Sanibel Deli and Coffee Factory
Greenhouse Grill
Periwinkle Way
Bailey's General Store
Periwinkle Way
Saint Isabels's Conservation Easement
Erick Lindblad Preserve
Sanibel Recreation Center
Bailey Tract
Ding Darling Tram Station
Ding Darling Tram
School ratings (A+ to F) from HJN community data.
Florida Gulf Coast Multiple Listing ServiceFlorida Gulf Coast MLS/Royal Palm Coast Realtor Association(SWFLMLS)This content last refreshed on 2026-10-09 10:13:11 UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
42$699,950
2 bd · 2 ba · 1,265 sqft
1299 Middle Gulf Dr Unit 223, Sanibel, FL
Iris Aloia · Michael Saunders & Company · on 2 MLSs
40$644,000
2 bd · 2 ba · 1,150 sqft
1340 Middle Gulf Dr Unit 7a, Sanibel, FL
Deborah Smith · Michael Saunders & Company · on 2 MLSs
Price Reduced20$885,000
2 bd · 2 ba · 1,243 sqft
2445 W Gulf Dr Unit B22, Sanibel, FL
Jon Archer · Real Broker, LLC
Price Reduced20$885,000
2 bd · 2 ba · 1,243 sqft
2445 Gulf Dr Unit B22, Sanibel, FL
Jon Archer · Real Broker, LLC
Price Reduced38$824,900
2 bd · 2 ba · 1,468 sqft
1318 Junonia St, Sanibel, FL
Julie Oberlin · John R. Wood Properties · on 2 MLSs
Price Reduced34$979,000
3 bd · 3 ba · 1,828 sqft
3359 Barra Cir, Sanibel, FL
Kelly Huguenin · Pfeifer Realty Group LLC · on 2 MLSs