409 E Gulf Dr, #3, Sanibel, FL 33957 Property Records

Lee County property record for 409 E Gulf Dr, #3, Sanibel, FL 33957

Property Summary

Property Type	Condominium
Details	1 bd · 1 ba · 511 sqft · built 1968
Lot Size	0.145 acres (6,315 sqft)
Owner	2 Individual Names on File
Last Sale	$225,000 (Feb 2018)
Tax Bill	$364 (2025)
Deeds & Mortgages	Sep 2020 Sale & Mortgage Feb 2018 Sale & Mortgage
Flood Zone	Zone AE (high risk)
APN	`20-46-23-T3-02300.0030`

Property Details

APN / Parcel Number

Primary APN	`20-46-23-T3-02300.0030`
Alternative APNs	`232046T3023000030` `10126083`

Interior

Bedrooms	1 Bed
Full Baths	1 Bath
Stories	2 Stories
Building Area	511 sqft Living Area
1st Floor Area	511 sqft

Exterior

Year Built	Built 1968
Effective Year Built	Effective 1968
Architectural Style	Condo/Apartment
Lot Area	6,315 sqft (0.145 acres)
Garage Type	Carport
Carport	Carport
Parking Spaces	2 Parking Spaces
Porch	Porch
Porch Area	82 sqft

Location & Zoning

Account Number	10126083
Street Address	409 E GULF DR, 3
City	SANIBEL
State	FL
Zip	33957-7201
Property Category	Residential
Property Type	Residential > Condominium / Townhouse > Condominium
Legal Description	THE COLONNADES CONDOMINIUM OR 464 PG 376 APT 3
Legal Range	23E
Legal Township	46S
Legal Section	20
Legal Subdivision	THE COLONNADES CONDOMINIUM
Legal Tract	T3
Legal Block	1
Legal Lot Number	3
Jurisdiction	LEE FL
Township / Civil Division	SANIBEL ISLAND
Census Block Group	1
Census Block	1003
Census Tract	80202

Owner

409 E Gulf Dr, #3 is owned by two individuals who bought it in February 2018.

Source: Lee County records, as of July 29, 2026

Owner of Record	2 Individual Names on File
Mailing Address	PO BOX 383, JESUP, IA 50648-0383
Owner Type	Individual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Sep 15, 2020	Warranty Deed, Transfer · Conventional Mortgage AMERICAN MOMENTUM BANK
Feb 23, 2018	Warranty Deed, Transfer · ARM SANIBEL CAPTIVA COMMUNITY BANK

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Feb 23, 2018 · Amount on File
Deed Sale	Feb 23, 2018 · Amount on File
Prior Sale	Jan 14, 1998 · Amount on File
Deed Document Number	201844345
Record Updated	Oct 29, 2026

September 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	LEE FL
Recording Date	Sep 15, 2020
Property Address	409 E GULF DR # 3, 3, SANIBEL, FL 33957
Document Number	0000218270
Map Reference	MB 464 PG 376
Instrument Date	Sep 10, 2020
Instrument	2020000218270
Transaction Type	Transfer
Record Updated	Feb 10, 2022
Title Company	KNIGHT BARRY TITLE SLN INC

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$1,645.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	8060 W WOODVALE RD, 8060, FRANKFORT, IL 60423-9170

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	944 DOUGLAS ST, JESUP, IA 50648-7730

Mortgage

Document Number	0000218271
Date	Sep 15, 2020
Instrument	2020000218271

Lender

Name	AMERICAN MOMENTUM BANK
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	361 Months
Due	Oct 1, 2050

Interest

Rate Type	Adjustable Rate
Rate	3.12%
Type Change Date	Oct 1, 2030
Change Frequency	Annually
Min Rate At Change	2.25%
Max Rate At Change	8.12%
Index	1-Year LIBOR
Max Rate	8.12%

February 2018: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	LEE FL
Recording Date	Feb 23, 2018
Property Address	409 E GULF DR # 3, 3, SANIBEL, FL 33957
Document Number	0000044345
Map Reference	MB464 PG376
Instrument Date	Feb 12, 2018
Instrument	2018000044345
Transaction Type	Transfer
Record Updated	Feb 10, 2022
Title Company	SUPERIOR TITLE SERVICES OF S

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$1,575.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	214 YOLANDE AVE, 214, JAMESTOWN, NY 14701-5917

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	8060 W WOODVALE RD, FRANKFORT, IL 60423-9170

Mortgage

Document Number	0000044346
Date	Feb 23, 2018
Instrument	2018000044346

Lender

Name	SANIBEL CAPTIVA COMMUNITY BANK
Type	Bank

Agreement

Type	ARM
Amount	Amount on Record
Term	360 Months
Due	Feb 1, 2048

Interest

Rate Type	Adjustable Rate
Rate	1%
Type Change Date	Dec 2, 2021
Change Frequency	Annually
Min Rate At Change	2%
Max Rate At Change	7.5%
Max Rate	10.5%

Tax Assessment & Valuation

The 2025 property tax bill for 409 E Gulf Dr, #3 was $364.

Source: Lee County assessment roll, as of July 29, 2026

Property Jurisdictions

Type	Name
State	Florida
County	Lee County
Municipality	Sanibel City
Unified School District	Lee County School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$179,094 (+628.77%) Building $179,094	$179,094 (+628.77%) Building $179,094
2025	$364.00	$24,575 Building $24,575	$24,575 Building $24,575
2023	$404.00 (-86.78%)	$26,950 (-89%) Building $26,950	$26,950 (-89%) Building $26,950
2022	$3,056.00	$245,036 Building $245,036	$245,036 Building $245,036

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

FEMA maps place 409 E Gulf Dr, #3 in Zone AE, a high-risk flood area; flood insurance is required for federally backed loans.

Source: FEMA National Flood Hazard Layer, effective September 23, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone AE high risk
100-Year Floodplain	Yes 1% annual chance
Floodway	No
Base Flood Elevation	11.0 ft
Coastal	Yes
Flood Insurance Requirement	Required federally backed loans
Flood Insurance Cost	Premium on File median of 465 individual policies
Community Rating System	Class 5 (25% premium discount)
Nearby Flood Policies	1,022 units insured incl. 557 condo units
Nearby Flood Claims	1,006 (1982–2024)
Most Recent Claim	Oct 2024 · Hurricane Milton
Claims by Event	Hurricane Ian, Nov 2022 · 288 claims Hurricane Ian, Oct 2022 · 277 claims Tropical Storm Bonnie And Hurricane Charley, Aug 2004 · 184 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 409 E Gulf Dr, #3 is low, with less than a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 99.1% of the US · lower than 98.7% of Florida
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	ISLAND WATER ASSOCIATION serves 14,784 people · EPA ID FL5360146
Water Source	Groundwater
Last State Inspection	Apr 2025
Lead	Under 1 ppb (2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 127 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
CenturyLink Fiber	3,000 / 3,000
Xfinity Cable	2,000 / 250

May also be available: Verizon.

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