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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.
Property Details
Price: $389,000
Sq Ft: 902
($431 per
sqft)
Bedrooms: 2
Bathrooms: 2
City: Sanibel
County: Lee
Type: Condo
Development: Sanibel Arms
Virtual Tour/Floorplan:
View
Year Built: 1971
Listing Number: 2026007809
Status Code: A-Active
Taxes: $984.00
Tax Year: 2025
Application Fee: $0.00
Garage:
Furnishings: Partially
Pets Allowed: Limits
Total Recurring Fees: $53,904
Total Recurring Fee Frequency: 0.00
Interior Features:
Smoke Detectors
Window Coverings
Amenities:
Barbecue
Beach Access
Clubhouse
Common Laundry
Community Boat Dock
Community Boat Slip
Community Gulf Boat Access
Pool
Financial Information:
Taxes: $984.00
Tax Year: 2025
Association Fee: $53,904.00
Association Description: Mandatory
Exterior Features:
Wooden Dock
Screened Lanai/ Porch
Courtyard
Equipment:
Dishwasher
Disposal
Dryer
Microwave
Range
Refrigerator/ Icemaker
Washer
View:
Y
Waterfront Description:
Gulf Frontage
On the Gulf Beach
Additional Information:
Building Description: Low Rise (1-3)
Building Design: Low Rise (1-3 Floors)
Community Type: Non- Gated
MLS Area: Sanibel Arms
Total Square Footage: 1,060
Total Floors: 2
Water: Central
Construction: Concrete Block, Stucco
Short Sale: No
Date Listed: 2026-02-20 00:00:00
Pool Description: Community
Furnished: Partially
Windows: Window Coverings
Parking: 1 Assigned, Golf Cart, Paved
Flooring: Tile
Roof: Built- Up
Heating: Central Electric
Cooling: Ceiling Fan(S), Central Electric
Storm Protection: Impact Resistant Doors, Impact Resistant Windows
Security: Smoke Detector(S)
Laundry: Common Area, Laundry In Residence
Irrigation: Central
Pets: Limits
Restrictions: Limited Number Vehicles, No Commercial, No R V
Maintenance: Cable, Insurance, Irrigation Water, Laundry Facilities, Lawn/ Land Maintenance, Legal/ Accounting, Manager, Pest Control Exterior, Rec Facilities, Sewer, Trash Removal, Water
Rear Exposure: Sw
Lot Desc.: Zero Lot Line
Amenities: Barbecue, Beach Access, Clubhouse, Common Laundry, Community Boat Dock, Community Boat Slip, Community Gulf Boat Access, Pool
Map of 805 Gulf Dr E #5-D, Sanibel, FL 33957
Listing Courtesy Of: Pfeifer Realty Group Llc
sanibelkell@comcast.net