746 Cardium ST
Sanibel, FL 33957
$670,000
Significant $50,000 Price Improvement -- Rare Elevated Multi-Family Opportunity on Sanibel Island, Now Offered at an Exceptional Price! — Less than a Five-Minute Walk to the Beach — Welcome to 746 Cardium Street, where the best of beachside living meets outstanding investment potential. Rarely available on Sanibel Island, this elevated multi-family property features two separate cottages, offering a unique and highly sought-after opportunity for both investors and lifestyle buyers alike. Ideally located less than a five-minute walk to one of Sanibel Island’s most renowned beaches, this exceptional property delivers the perfect blend of flexibility, charm, and income potential. The beautifully maintained property includes two inviting beach cottages, each offering 2 bedrooms and 1 bathroom, with a combined 1,280 square feet of living space under air.Importantly, the home has never sustained any damage from recent hurricanes, and the elevated construction has helped preserve the integrity of the living areas—providing valuable peace of mind in today’s market. The property also features a new roof installed in 2023,further enhancing its durability and long-term value. Whether you choose to live in one cottage while renting the other, or lease both to maximize income, the versatility of this property makes it ideal as a primary residence, seasonal retreat, or high-performing vacation rental investment. Perfectly positioned just off Periwinkle Way and Donax Road, you’ll enjoy effortless access to the beach just steps away, alongwith nearby shopping, dining, and island attractions via Middle Gulf Drive. Each elevated ...
+ Read More| Listing ID: | 2026011777 |
|---|---|
| List Price: | $750,000 |
| Close Price: | $670,000 |
| Close Date: | 2026-10-30 |
| Property Type: | Residential |
| Property Sub Type: | Single Family Residence |
| Status: | Sold |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 2 |
| Bathrooms Half: | 0 |
| Living Area: | 1,280 |
| Association Fee: | $0 |
| Tax Annual Amount: | $9,772 |
| Lot Size Square Feet: | 10,411 |
| Lot Size Acres: | 0.239 |
| Architectural Style: | Duplex, Single Family |
| Waterfront?: | No |
| City: | Sanibel |
| County Or Parish: | Lee |
| Subdivision Name: | Sanibel Shores |
| Postal Code: | 33957 |
| Year Built: | 1970 |
| Number Of Units Total: | 2 |
| Equipment: | Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer |
| Cooling: | Central Electric |
| Flooring: | Tile, Vinyl |
| Heating: | Central Electric |
| Lot Features: | Regular |
| Parking Features: | Driveway Unpaved |
| Status: | Closed |
| State Or Province: | FL |
| Water Source: | Central |
| Pool Private?: | No |
| Roof: | Shingle |
| Construction Materials: | Wood Frame, Vinyl Siding, Wood Siding |
| Cooling?: | Yes |
| Fireplace?: | No |
| Garage?: | No |
| Heating?: | Yes |
| Lot Size Area: | 0.239 |
| Association Amenities: | None |
| Attached Garage?: | No |
| Building Area Total: | 1280 |
| Carport?: | No |
| Exterior Features: | Screened Lanai/Porch, Outdoor Shower, Storage |
| Levels: | 1 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| MLS Area Major: | SANIBEL SHORES |
| New Construction?: | No |
| Other Structures: | Storage |
| Patio And Porch Features: | Deck, Patio |
| Waterfront Features: | None |
| Horse?: | No |
| View: | Landscaped Area |
| View?: | Yes |
| Building Features: | DSL/Cable Available |
| Furnished: | Furnished |
| Parcel Number: | 30-46-23-T2-00305.0100 |
| Pets Allowed: | Yes |
| Structure Type: | Duplex, House |
| Appliances: | Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer |
| Association?: | No |
| Bathrooms Total Integer: | 2 |
| Lease Term: | Buyer Finance/Cash |
| Original List Price: | $900,000 |
| Senior Community?: | No |
| Spa?: | No |
| Building Area Units: | Square Feet |
| Irrigation Source: | None |
| Listing Contract Date: | 2026-03-09 |
| Additional RoomsNabor Additional Rooms: | Florida Room, Screened Lanai/Porch |
| Bedrooms: | 4 Bed |
| Boat Access: | None |
| Building Desc: | Duplex |
| Cdom: | 237 |
| Canal Width: | None |
| Community Type: | Non-Gated |
| Dom: | 157 |
| Elevator: | None |
| Floor Plan Type: | Other |
| Foreclosed REO: | No |
| Gas Yn: | No |
| Golf Type: | No Golf Available |
| Gulf Access Yn: | No |
| Last Change Timestamp: | 2026-11-02T03:02:22.180Z |
| Lease Limits Yn: | Yes |
| Leases Per Year: | 12 |
| List Price: | $750,000.00 |
| Lot Back: | 70 |
| Lot Frontage: | 70 |
| Lot Left: | 148 |
| Lot Right: | 148 |
| Mls Area Major: | Si01 - Sanibel Island |
| Maintenance: | None |
| Management: | None |
| Min Days of Lease: | 30 |
| Open House Count: | 1 |
| Owner Name: | Michael Steven Shaffer |
| Ownership Desc: | Single Family |
| Potential Short Sale Yn: | No |
| Rear Exposure: | E |
| Restrictions: | None |
| Status Type: | Resale Property |
| Storm Protection: | None |
| Table: | Residential |
| Units in Complex: | 2 |
| Pending Timestamp: | 2026-10-19 |
| Room Dining Room Features: | Breakfast Bar, Dining - Living |
| Stories Total: | 1 |
| Tax Year: | 2025 |
| Park Name: | SANIBEL SHORES |
Listing Courtesy of: Keller Williams Realty Fort Myers
(239) 470-4650
Buyer Represented by: RE/MAX Realty Group
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The data relating to real estate for sale displayed on this Website comes in part from the Broker Reciprocity Program (BR Program) of Naples Area Board of REALTORS®, under License No. NPLSMLS-100139. Properties listed with brokerage firms other than North 2 South Realty International Inc are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples Area Board of REALTORS®. BR Program, or contained in the database compilation of the Naples Area Board of REALTORS®.
Naples Area Board of REALTORS® data last updated on November 02, 2026 01:50 AM - ET
Property Last Updated: November 02, 2026 01:50 AM - ET
