Homes for Sale $300K to $500K in Sanibel, FL

This page tracks every Sanibel listing with an asking price between $300,000 and $500,000, by community, with live counts and asking prices. Prices are asking prices from the MLS, not values, and the list changes with every refresh.

33 homes listed between $300,000 and $500,000 are for sale or pending in Sanibel, FL today across 12 communities. The median asking price is $429,000, from $329,000 to $499,000. Listings in Sanibel without that feature have a median of $1,095,000. Most listings right now: Tennisplace (7), Mariner Pointe Condo (4), Spanish Cay Condo (4). Updated October 2, 2026 from the MLS.

Live $300k–$500k homes in Sanibel: the listings

32 active listings match today (16% of Sanibel inventory), median asking $427,000, $501/sq ft, median 128 days on market. Photo cards link to the listing; refreshed nightly.

Newest $300k–$500k homes in Sanibel

$429,000 New
2 bd · 2 ba · 1,239 sq ft · built 1975
5117 Sea Bell Rd D-202, 33957
Blind Pass Condo
Listing courtesy of Pfeifer Realty Group LLC
$489,900 New
2 bd · 2 ba · 1,196 sq ft · built 1975
2840 W Gulf Dr 4, 33957
Seashells Of Sanibel Condo
Listing courtesy of John Gee & Company, Inc.
$450,000 New
3 bd · 2 ba · 1,293 sq ft · built 1975
1683 Atlanta Plaza Dr, 33957
Sanibel Highlands
Listing courtesy of Keller Williams Realty Fort Myers
$330,000
1 bd · 1 ba · 677 sq ft · built 1971
805 E Gulf Dr B4, 33957
Sanibel Arms
Listing courtesy of John R. Wood Properties
$479,000
2 bd · 2 ba · 975 sq ft · built 1974
760 Sextant Dr 733, 33957
Mariner Pointe Condo
Listing courtesy of Royal Shell Real Estate, Inc.
$499,000
2 bd · 2 ba · 986 sq ft · built 1974
760 Sextant Dr 722, 33957
Mariner Pointe Condo
Listing courtesy of Nexthome South Pointe
$345,000
2 bd · 1 ba · 688 sq ft · built 1975
1250 Tennisplace Ct E22, 33957
Tennisplace
Listing courtesy of Pfeifer Realty Group LLC
$419,000
2 bd · 2 ba · 688 sq ft · built 1977
1250 Tennisplace Ct C36, 33957
Tennisplace
Listing courtesy of RE/MAX Realty Group
$425,000
2 bd · 1 ba · 688 sq ft · built 1977
1250 Tennisplace Ct C25, 33957
Tennisplace
Listing courtesy of Royal Shell Real Estate, Inc.
$417,535
2 bd · 2 ba · 850 sq ft · built 1972
561 Periwinkle Way F3, 33957
Captains Walk
Listing courtesy of Royal Shell Real Estate, Inc.
$475,000
2 bd · 2 ba · 1,426 sq ft · built 1975
5117 Sea Bell Rd E104, 33957
Blind Pass Condo
Listing courtesy of Michael Saunders & Company
$485,000
2 bd · 2 ba · 933 sq ft · built 1975
2840 W Gulf Dr 25, 33957
Seashells Of Sanibel Condo
Listing courtesy of Kingfisher Real Estate, Inc.
$395,000
2 bd · 2 ba · 888 sq ft · built 1974
1653 Atlanta Plaza Dr, 33957
Sanibel Highlands
Listing courtesy of Keller Williams Realty Fort Myers
$419,000
2 bd · 1 ba · 967 sq ft · built 1971
601 Periwinkle Way C-5, 33957
Captains Walk
Listing courtesy of Pfeifer Realty Group LLC
$451,000
1 bd · 1 ba · 806 sq ft · built 1978
2255 W Gulf Dr 127, 33957
Cottage Colony West Condo
Listing courtesy of Premier Sotheby's Int'l Realty
$329,000
1 bd · 1 ba · 558 sq ft · built 1977
1250 Tennisplace Ct D33, 33957
Tennisplace
Listing courtesy of Premier Sotheby's Int'l Realty
$499,000
2 bd · 2 ba · 1,130 sq ft · built 1975
1610 Middle Gulf Dr F5, 33957
Spanish Cay Condo
Listing courtesy of Keller Williams Realty Fort Myers
$425,000
1 bd · 1 ba · 612 sq ft · built 1973
845 E Gulf Dr 142, 33957
Sanibel Moorings Condo
Listing courtesy of Pfeifer Realty Group LLC
$400,000
2 bd · 2 ba · 1,207 sq ft · built 1975
5117 Sea Bell Rd A201, 33957
Blind Pass Condo
Listing courtesy of Keller Williams Realty Fort Myers
$485,000
1 bd · 1 ba · 806 sq ft · built 1978
2255 W Gulf Dr 121, 33957
Cottage Colony West Condo
Listing courtesy of Kerri Theisen Realty, Inc
$488,000
2 bd · 2 ba · 957 sq ft · built 1977
760 Sextant Dr 1051, 33957
Mariner Pointe Condo
Listing courtesy of Pfeifer Realty Group LLC
$440,000
2 bd · 1 ba · 688 sq ft · built 1976
1250 Tennisplace Ct B34, 33957
Tennisplace
Listing courtesy of Pfeifer Realty Group LLC
$375,000
2 bd · 1 ba · 688 sq ft · built 1976
1250 Tennisplace Ct A33, 33957
Tennisplace
Listing courtesy of Royal Shell Real Estate, Inc.
$499,000
2 bd · 2 ba · 1,200 sq ft · built 1975
1610 Middle Gulf Dr E-4, 33957
Spanish Cay Condo
Listing courtesy of Pfeifer Realty Group LLC
$425,000
2 bd · 1 ba · 850 sq ft · built 1971
601 Periwinkle Way D5, 33957
Captains Walk
Listing courtesy of McCallion and McCallion
$465,000
2 bd · 1 ba · 688 sq ft · built 1977
1250 Tennisplace Ct C31, 33957
Tennisplace
Listing courtesy of Royal Shell Real Estate, Inc.
$380,000
1 bd · 1 ba · 950 sq ft · built 1974
1610 Middle Gulf Dr A3, 33957
Spanish Cay Condo
Listing courtesy of Pfeifer Realty Group LLC
$480,000
1 bd · 1 ba · 827 sq ft · built 1978
2255 W Gulf Dr 140, 33957
Cottage Colony West Condo
Listing courtesy of Kerri Theisen Realty, Inc
$499,000
2 bd · 2 ba · 1,483 sq ft · built 1977
1457 Sand Castle Rd, 33957
The Dunes Sanibel Island
Listing courtesy of Pfeifer Realty Group LLC
$412,500
1 bd · 1 ba · 612 sq ft · built 1974
845 E Gulf Dr 212, 33957
Sanibel Moorings Condo
Listing courtesy of Pfeifer Realty Group LLC

The most expensive $300k–$500k homes in Sanibel

ListingAskingSq ftCommunity
1610 Middle Gulf Dr E-4$499,0001,200Spanish Cay Condo
1610 Middle Gulf Dr F5$499,0001,130Spanish Cay Condo
1457 Sand Castle Rd$499,0001,483The Dunes Sanibel Island
760 Sextant Dr 722$499,000986Mariner Pointe Condo
2840 W Gulf Dr 4$489,9001,196Seashells Of Sanibel Condo
760 Sextant Dr 1051$488,000957Mariner Pointe Condo
2255 W Gulf Dr 121$485,000806Cottage Colony West Condo
2840 W Gulf Dr 25$485,000933Seashells Of Sanibel Condo
2255 W Gulf Dr 140$480,000827Cottage Colony West Condo
760 Sextant Dr 733$479,000975Mariner Pointe Condo

$300K–$500K Homes by price

BandFor saleShare
$300K–$500K32100%

Sanibel homes $300K–$500K by community

Click a community for its full guide: prices, HOA reality, insurance posture and the homes for sale.

CommunityHomes $300K–$500KNew buildMedian listFrom
Tennisplace70$419,000$329,000
Mariner Pointe Condo40$483,500$389,000
Spanish Cay Condo40$439,500$335,000
Cottage Colony West Condo30$480,000$451,000
Blind Pass Condo30$429,000$400,000
Captains Walk30$419,000$417,535
Seashells Of Sanibel Condo20$487,450$485,000
Sanibel Highlands20$422,500$395,000
Sanibel Moorings Condo20$418,750$412,500
Lighthouse Point Condo10$499,000$499,000
The Dunes Sanibel Island10$499,000$499,000
Sanibel Arms10$330,000$330,000

Where this band sits in the market

The answer block above shows how the median of this band compares with the rest of the city’s listings, which tells you whether $300,000–$500,000 is the middle of the market here or the top of it. Within the band, compare on price per square foot and year built: newer subdivisions usually price higher per foot with lower expected maintenance, older ones the reverse. Each community page carries the HOA and CDD picture, the year-built range and the sales history, so two homes at the same price can be told apart in a few minutes.

Questions to ask about any listing in this band

What are the total monthly carrying costs (taxes, insurance, HOA, CDD) and how do they compare with a similar home two communities over? What is the age of the roof, HVAC and water heater? Is the community’s HOA financially healthy (reserves, no pending assessment)? How many days has the listing been on the market and has the price moved? A local agent who works the area will know which communities in this band are trading at asking and which are negotiating.

Common questions

How many homes listed between $300,000 and $500,000 are for sale in Sanibel?
As of October 2, 2026, 33 Sanibel, FL listings whose MLS record reports an asking price between $300,000 and $500,000 are active or pending, across 12 communities. The count updates with every MLS refresh.
What do homes $300K–$500K cost in Sanibel?
The median asking price today is $429,000, with listings from $329,000 to $499,000. Sanibel listings without that feature have a median of $1,095,000.
Which Sanibel community has the most homes $300K–$500K for sale?
Tennisplace has the most right now (7), followed by Mariner Pointe Condo (4), Spanish Cay Condo (4), Cottage Colony West Condo (3).
What is the monthly payment on a $400,000 home?
At today’s rates with 20% down, principal and interest on a $400,000 purchase runs roughly $2,000–$2,300 a month before taxes, insurance and any HOA; each listing page shows the property tax and fees for that home, and the true-cost calculator turns them into one monthly figure.

Keep exploring Sanibel

Homes $300K–$500K in nearby Lee County cities

Live data: Florida Gulf Coast MLS, refreshed with every MLS pull; this page rebuilds on every ship. Community-level aggregates only: active and pending residential listings in Sanibel, FL whose MLS record reports an asking price between $300,000 and $500,000. Prices are asking prices, not values. Property features and prices only; nothing on this page describes residents. Equal Housing Opportunity.

Listing information provided by the Florida Gulf Coast Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed by the MLS to be accurate.

Hiring an agent in Sanibel, FL?

Get matched with the right local expert.

Tell us your goal in Sanibel, FL and we’ll connect you with the Momentum agent who knows it best — backed by a RealTrends 500 brokerage. No pressure, no obligation.

Prefer to talk now? Call (904) 351-6461.

Work with a local Sanibel, FL expert

A real conversation with a local specialist, usually within one business day.

or call (904) 351-6461