Sanibel Duplex with River
771 Rabbit Road, Sanibel, FL 33957
MULTI_FAMILY - Other - Sanibel, FL
Property size:
1,260 SFLot size:
0.35 AcresPrice / SF:
$550/SF- Added:
- Jun 11, 2025
- Days on Market:
- 339
- Last Refresh:
- May 15 at 4:06 pm
Property Features for 771 Rabbit Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Dining Room, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
- Parking features
- Underground/Basement, Garage, Paved or Surfaced, Driveway
- Security features
- Security
- Patio and Porch features
- Patio, Deck, Porch
- Pets allowed
- Yes
- Pool private
- 1
- Interior features
- BuiltInFeatures, KitchenIsland, LivingDiningRoom, ShowerOnly, SeparateShower
- Exterior features
- Deck, Fence, SecurityHighImpactDoors, Patio
- Fencing
- Fenced
- Appliances
- DoubleOven, Dryer, Dishwasher, Disposal, IceMaker, Microwave, Range, Refrigerator, RefrigeratorWithIceMaker, Washer
- Standard status
- Active
- APN
- 28-46-22-T2-00005.1070
- Size
- 1,260 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- PARL IN E 1/2 OF E 1/2 GVT LT 2 DESC OR3034 PG1650 AKA 3B SANIBEL HAMLET
- Tax Annual Amount
- 6125
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Ceiling Fan(s), Electric
- Water source
- Public
- Water front features
- River Front
- Water front
- 1
Building Details
- Year built
- 1986
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- WoodSiding, WoodFrame
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Karen Bell License #280500098 (239) 851-0168
Listing office Michael Saunders & Company 1560 Periwinkle Way, Sarasota, FL (239) 472-5187
Listing date Jun 11, 2025
MLS# 225054981
Listing URL
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Sanibel River views from an elevated, near‑beach location.
- Enjoy the private, fenced, saltwater pool.
- New roof (2023), hurricane windows and doors, and tile flooring throughout.
- New under‑roof screened lanai/porch for enjoying river views and wildlife.
- Updated kitchen with custom cabinetry, stainless steel appliances, new backsplash, and quartz counters.
- Short bike ride to the beach and walking distance to Rosalita's restaurant and Bailey's General Store.
Overview
This half duplex offers views of the Sanibel River and is located near the beach. The property features 2 bedrooms and 2 bathrooms, along with a fenced, private, saltwater pool. A new roof was installed in 2023, and new hurricane windows and doors have been added. The interior features new tile flooring throughout, and both the interior and exterior have been freshly painted. The great room and open floor plan provide expansive river views. The kitchen includes custom cabinetry, stainless steel appliances, a new custom backsplash, and new quartz counters. A new under-roof screened-in lanai/porch has been added to enhance enjoyment of the river views and wildlife. Additional updates include a new washer and dryer, new window treatments, a new dining room fixture, and new plumbing. New sod and landscaping have also been installed. The property is located a short bike ride from the beach and within walking distance of Rosalita's restaurant and Bailey's General Store. This property is suitable as a getaway or rental investment.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$171.7K
NOI $15,455 @ 9.00% cap · cautious / downside scenario
Moderate
$220.8K
NOI $15,455 @ 7.00% cap · market / base-case scenario
Aggressive
$309.1K
NOI $15,455 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.3k | $23.28 |
| − Vacancy | −$1.2k | −$0.98 |
| EGI | $28.1k | $22.30 |
| − OpEx | −$12.6k | −$10.04 |
| NOI | $15.5k | $12.27 |
1,260 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$220.8K
$193.2K – $257.6K
NOI $15,455 @ 7.0% cap · market cap 2.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$396.6K
$347.0K – $462.7K
NOI $27,760 @ 7.0% cap · market cap 4.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Wilson Landscape & Pond ...
Landscaping
Location Insight
- Map
- Local Demand
- City
- Sanibel
- County
- Lee
- State
- Florida
- Longitude
- -82.10848
- Latitude
- 26.438584
Nearby Similar for Sale
FAQs
What type of property is this?
Single family property - Half duplex near beach with river views and saltwater pool.
Where is this single family property located?
The property is located at 771 Rabbit Road Sanibel, FL.
What is the asking price?
The asking price for this property is $694,000.
What are key features of this property?
This property features: Sanibel River views from an elevated, near‑beach location.; Enjoy the **private, fenced, saltwater pool**.; New roof (2023), hurricane windows and doors, and tile flooring throughout.
