Don't miss this premier 5th floor location at Punta Rassa Building 3. Enjoy spectacular views from this central, Bayfront location with exceptional views of the Sanibel Causeway and Causeway Islands. Abundant views of boats, birds and wildlife make this Bayfront peninsula well sought after. This 2-bedroom 2-bathroom unit is just about move in ready or ready for your custom upgrades. New A/C system and hot water heater as well as new building paint and upgrades to infrastructure. Being sold turnkey furnished. Storm shutters are in need of replacement. Property is offered As-Is and priced for Buyer to assume the $70,000 special assessment from the post Hurricane Ian Mitigation Company (ARS) Settlement 1/2026. Building has Occupancy as of 1/2026.
CondoProperty Type
1982Year Built
$286Est. Price/Sq.Ft.
1 spaceParking
Listed by Kristine Cardinale• John R. Wood Properties
Bought with Kristine Cardinale• John R. Wood Properties
Enjoy breathtaking views from this 5th floor furnished 2 bed/2 bath condo. The neutral walls and floors are the perfect canvas to create your personal coastal paradise. You will be inspired as you enter and are greeted with the picturesque panoramic views of the bay. The screened in balcony is perfect for relaxing and watching dolphins play or enjoying dinner in the Florida breeze. The primary bedroom boasts stunning views as well as its own large sliding door leading to the screened in lanai. Building 3 features fantastic Bay, Island and Causeway views. This Bayfront location is adjacent to the Sanibel Harbour Yacht Club, Sanibel Harbour Marriott Resort and Spa and the Bimini Bait Shack Restaurant. Punta Rassa Road is the very last road before the Sanibel Causeway. The Punta Rassa community is being built back after Hurricane Ian. Drywall work is complete in this unit. Unit has a new HVAC system as of 2024. Trim and baseboard are in need of completion, some carpet padding was removed, and some storm panels are in need of repair. Electrical work and more are in progress. Buyer to conduct due diligence. Property is being sold AS-IS. Seller has paid the $45,000 special assessment.
Public Records
Jun 1, 1986
Sold
$130,000
$111/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$281 (+120.8%)
$19,598
2024
$127 (+388.5%)
$19,598
2023
$26 (−99.5%)
2022
$5,789 (+12.9%)
2021
$5,125 (+2.9%)
2020
$4,980 (−1.4%)
$359,887
2019
$5,050 (+7.3%)
$343,995
2018
$4,708 (−5.0%)
$343,995
2017
$4,957 (+12.1%)
$339,150
2016
$4,420 (+3.7%)
$339,150
2015
$4,261 (−1.8%)
$280,912
2014
$4,341
Tax history for 15011 Punta Rassa Rd #505
Year
Property tax
Land + Additions
Assessment*
2025
$281 (+120.8%)
$19,598
2024
$127 (+388.5%)
$19,598
2023
$26 (−99.5%)
2022
$5,789 (+12.9%)
2021
$5,125 (+2.9%)
2020
$4,980 (−1.4%)
$359,887
2019
$5,050 (+7.3%)
$343,995
2018
$4,708 (−5.0%)
$343,995
2017
$4,957 (+12.1%)
$339,150
2016
$4,420 (+3.7%)
$339,150
2015
$4,261 (−1.8%)
$280,912
2014
$4,341
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
2
Baths
2
Stories
13
Lot width
—
Lot depth
—
Lot size
—
Year renovated
1982
Sq. Ft.
1,167
Year built
1982
Style
Condo/Co-op
County
Lee County
APN
09462303000035050
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 16, 2026.
Property details
Parking
Parking
Features: Common, Underground, Guest
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 2
Room Information
Room Types: Bathroom, Guest Quarters, Other, Screened Porch, Great Room
Other Features: Breakfast Bar, Built-in Features, Tray Ceiling(s), Living/Dining Room, Shower Only, Separate Shower, Cable TV
Exterior
Building Information
Stories (Total): 12
Building Features: On Site Management
Roof Details: Built-Up, Flat
Construction Details: Block, Concrete, Stucco
Exterior Features
Exterior Features: Storage, Tennis Court(s)
Patio And Porch Features: Balcony, Lanai, Open, Porch, Screened
Security Features: Smoke Detector(s)
Pool and Spa Information
Pool Features: Community
Land Information
Irrigation Source: Municipal
Lot Information
Road Surface Type: Paved
Is Waterfront
Waterfront Features: Bay Front
Exposures: Southwest
Property Information
Has View
Direction Faces: Northeast
Entry Level: 5
Resale
Financial
Tax Information
Annual Tax Amount: $269.94
Tax Year: 2025
Rental Information
Pets Allowed Details: Call, Conditional
Maximum Number Of Pets: 2
Pets Comments: PetsLimitOther:SEE CONDO DOCS
Utilities
Utility Information
Utilities: Cable Available, High Speed Internet Available
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Has Cooling
Cooling: Central Air, Ceiling Fan(s), Electric
Has Heating
Heating: Central, Electric
Location
Multi Unit Information
# Of Units In Community: 194
HOA Information
Has Home Owners Association
Association Fee 3: 2416.16
Association Fee 3 Frequency: Quarterly
Association Fee Includes: Association Management, Cable TV, Internet, Irrigation Water, Legal/Accounting, Maintenance Grounds, Pest Control, Recreation Facilities, Reserve Fund, Sewer, Street Lights, Trash, Water
Association Amenities: Cabana, Barbecue, Picnic Area, Pickleball, Pool, Shuffleboard Court, Spa/Hot Tub, Storage, Tennis Court(s)
Community Information
Community Features: Elevator, Tennis Courts
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 1,167
Stories: 13.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1982
Year Renovated: 1982
County: Lee County
APN: 09462303000035050
Home facts updated by county records on Jul 16, 2026
Around this home
Schools
Heights Elementary School
Public PreK-5 • Assigned • 5.9mi
5/10
Lexington Middle School
Public 6-8 • Assigned • 6.1mi
4/10
Cypress Lake High School
Public 9-12 • Assigned • 7.8mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 107° expected this year, 27 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Fort Myers, FL • 33908
Average low and high temperatures (°F)
72
54
76
59
81
63
85
67
89
74
91
76
91
77
91
78
90
77
87
72
82
64
77
60
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.5 hours in
June and 6.8 hours in December, placing it above the
U.S. average for solar exposure.
9.5 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$318,000 – $385,000
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