805 E Gulf Drive, Unit 5-D, SANIBEL ARMSSanibel, FL 33957Price: $389,000

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.