* * * * UPDATED 6/26/2026 * * * * SELLER CREDIT TO BUYER FOR INSTALLATION OF POOL WITH THE RIGHT OFFER. SEE PROPOSED POOL PICTURES WITH COST ESTIMATES AVAILABLE UPON REQUEST. Attention Investors — Collect Rental Income From Day One This fully furnished 3-bedroom, 2-bathroom property is a rare opportunity for investors seeking immediate cash flow and long-term potential. Fully rented and income-producing, it offers a turnkey investment with low-maintenance ownership and affordable flood insurance costs. Whether you’re looking to expand your investment portfolio or secure your future island retreat, this property lets you generate rental income now while keeping the option to enjoy island living later—part-time or full-time. Property Highlights: • Fully furnished• Fully rented with immediate rental income• Turnkey, low-maintenance investment• Low flood insurance costs• Strong income-producing opportunity• Potential future island home or vacation getaway Don’t miss this opportunity to own an investment property that works for you from day one.
Single-familyProperty Type
1987Year Built
0.38 acresLot Size
$358Price/Sq.Ft.
2 car garageParking
Listed by Anthony DiBiase• John R. Wood Properties
West Gulf Drive, located between Tarpon Bay Road and Blind Pass, is a coastal and residential Sanibel neighborhood with Gulf-front beaches and a ribbon of bike paths. The neighborhood’s character concentrates around the West Gulf Drive stretch by Island Inn Road, where beach cottages, low-rise resorts, and shell-strewn pull-offs set a relaxed, outdoors-first rhythm. Architecture leans to stilted coastal homes, classic island inns, and landscaped lanes framed by sea grapes and palms. The Bailey-Matthews National Shell Museum adds a distinctly Sanibel cultural note beyond the shoreline. At sunset, the sand flats near Blind Pass and the long views off West Gulf Drive define the daily cadence.
Provided by Walk Score and Local Logic
Offer insights
785 Rabbit Rd · $823,000
$808K and above
75% chance or better to win
Why $808K+ is a strong offer
DAYS ON MARKET
136 days
The average home goes pending in 73 days.
SALE-TO-LIST
96.7%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Impact glass windows
Furnishing negotiable
Wet bar
Breakfast area
Dual sinks
Family/Dining room
Fireplace
Living/Dining room
Sitting area in primary
Shower only
Separate shower
Upper level primary
Vaulted ceilings
Instant hot water
Pot filler
Bedrooms
Primary bedroom located on the upper level
Bathrooms
2 full bathrooms
Kitchen
Electric cooktop
Microwave
Icemaker
Refrigerator
Refrigerator with ice maker
Pot filler
Dishwasher
Laundry & utility
Washer
Dryer
Inside laundry
Flooring
Tile
Heating & cooling
Central heating (electric)
Central air conditioning (electric)
Ceiling fans
Zoned cooling
Exterior features
Deck
Fence
Security/high impact doors
Patio
Room for pool
Balcony
Open deck/patio/porch
Porch
Riverfront
North exposure
Public maintained road
Home design
Two-story wood frame home
Metal roof
Entry level: 1
Raised foundation with pillar/post/pier
Resale property
Faces south
Has a view
Parking
Attached garage with 2 spaces
Driveway
Garage door opener
Unpaved areas
Security
Secured garage/parking
Key card entry
Security system
Construction
Built with wood frame
Metal roof
Raised pillar/post/pier foundation
2 stories
Utilities
Cable available
High speed internet available
Sewer assessment paid
Water assessment paid
Irrigation included in assessment
HOA & community
Community amenities include beach rights, beach access, and bike storage
Financial info
Pets allowed
Other
Single unit community
Electricity and solar
View estimated energy costs and solar savings for this home
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
9/10 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 112° expected this year, 25 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
Sanibel, FL • 33957
Average low and high temperatures (°F)
71
55
75
60
79
64
83
69
88
76
90
78
90
79
91
80
89
78
86
73
81
65
76
61
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
7.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 785 Rabbit Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $750,000 and $990,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $750K to $990K.