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952 Kings Crown Dr
C Composite 55.16
Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +17.1/30.0
  • ARV discount +11.7/15.0
  • Schools +6.9/10.0
  • DSCR +5.3/10.0
  • 1% rule +4.3/10.0
  • Condition / age +4.0/5.0
  • Livability +3.4/5.0
  • Rent growth +2.5/5.0
  • Appreciation +0.0/10.0

$1,295,000

952 Kings Crown Dr · Sanibel, FL 33957
4 bd · 3.0 ba · 1,944 sqft · SingleFamily public records · 180 Days on market
Built 1974 Good condition 0.25 ac lot Garage $666/sqft · 9% below area Est $1.428M · 9% under $8/mo HOA

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Shell Harbor for under $800K !!! Ground level canal home with dock being offered "As Is" for less than lot price. This home used to feature 4 bedrooms and 3 baths. Let your imagination take over for what you could accomplish here. Shell Harbor is The neighborhood on Sanibel with gulf access canals and private beach access that accommodates ample parking for all at just $70 a year. This home was impacted by Ian and is undergoing mitigation. Rebuild your Dream home in this wonderful island Oasis.

Key facts

  • Deeded beach access
  • Canal front home
  • Spacious kitchen

Tags

CANAL FRONT HOMEDEEDED BEACH ACCESSPRIVATE PARKINGBRIGHT OPEN FLOOR PLANSPACIOUS KITCHENBREAKFAST BAR

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
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What this means for you Summary

Snapshot

  • This is a 4-bed/3.0-bath single-family listed at $1.29M. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $480 ($6k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $1.20M (7.0% below list).
  • Recommended offer: $1.14M (12.0% below list) — sets the bar for market timing.
  • Cap rate 7.1% vs local median 2.5% in Sanibel — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 67/100 on livability (#541 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+; Watch: housing D+, amenities F, commute F.
  • Lee (suburban): math 47% / reading 50% proficiency, ranked #42 of 73 in FL (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: The Sanibel School (math 92% / reading 92%, grade A+, #5 of 2,144 statewide, top 0%, 289 students, 12% FRL); South Fort Myers High School (math 23% / reading 30%, grade F, #489 of 667 statewide, top 74%, 1,917 students, 50% FRL) — zoned schools average 31% FRL vs 57% district-wide (26 pts lower); this property's tenant base skews higher-income than the district average.
  • Market conditions: 562 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
  • At $12,039/mo this rent would consume 118% of the median local household income ($123k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $9k of loan paydown is wiped out by about $39k of value loss. Plan a longer hold.
  • Lee County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 180 days — a 12% lower offer ($1.14M) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts since 4y ago; this cycle's ask has dropped $100k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $799k; list at $1.29M implies a 62% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: flood insurance adds $427/mo.
  • Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $1,139,600 (12.0% below list)

Questions for the listing agent

  1. It's been on market 180 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  7. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
0.93%
Cap rate
7.13%
Cash-on-cash
3.00%
DSCR
1.13
GRM
9.0

CMA / ARV

ARV (median comp)
$1,428,466
List price
$1,295,000
Delta
-9.34%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 5 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
739 Anchor Dr 0.09mi 3/2.0 (-1) 2,209 (+14%) 2mo $1,600,000 $724 62
1010 Kings Crown Dr 0.07mi 3/3.0 (-1) 1,597 (-18%) 7mo $1,025,000 $642 61
279 Ferry Landing Dr 0.96mi 3/2.0 (-1) 2,031 (+4%) 2mo $1,300,000 $640 47
284 Ferry Landing Dr 0.93mi 3/2.5 (-1) 2,148 (+10%) 4mo $1,215,000 $566 37
1258 Sand Castle Rd 0.91mi 3/2.0 (-1) 1,704 (-12%) 15mo $570,000 $335 23

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
-13.7%
Equity multiple
0.51×
Total profit
$-179,012
Equity at exit
$193,089
10-year hold
IRR
-4.9%
Equity multiple
0.68×
Total profit
$-115,535
Equity at exit
$111,968

Cash invested: $362,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
87 Strongly Landlord-Friendly
State Florida
87 Strongly Landlord-Friendly · R+3
County
— inherits STATE
City
— inherits STATE
3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
17 active · 11 under contract
Months of supply
20.4 mo (5%/mo absorbed)
Median asking
$1,195,000 ($673/sqft)
Median days on market
161 d
This list price
71% of active listings are priced below it
ARV vs active asking
+9.2% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 33957

Home prices YoY
-15.7%
Active inventory
562
Price-to-rent
9.0×

Monthly cashflow live

Estimated rent
$12,039 medium interval (Pro) →
Mortgage (P&I)
$6,791
Tax from tax record
$1,265 /mo · $15,178/yr
Insurance
$540
Flood insurance flood zone
−$427 /mo · $5,118/yr
HOA
$8
Vacancy / Maint / Mgmt
$2,528
Net cashflow
$480

Break-even live

Break-even rent $11,430
Max offer price $1,295,000
Occupancy floor 91%

Sensitivity live

Price -10% $1,214 -5% $847 +0% $480 +5% $114 +10% $-253
Rent -10% $-471 -5% $5 +0% $480 +5% $956 +10% $1,432
Rate -1.0pp $1,133 -0.5pp $810 base $480 +0.5pp $145 +1.0pp $-196

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$323,750
Closing costs
$38,850
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 2 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
780 Beach Rd Sanibel, FL 4.0 3.5 2411 $6,500 $2.70 19d 1 0.50mi
424 Lagoon Dr Sanibel, FL 3.0 2.0 1704 $18,200 $10.68 73d 1 0.60mi

Property features AI

Finance

Other
Private heated in-ground pool with electric heat, pool equipment, outside bath access and screen enclosureWaterfront property with canal access, navigable water and seawallLot is rectangular with paved road access and municipal irrigationProperty exposure to the east (lot) and home faces west
Financial info
Pets allowed
HOA & community
Annual association fee ($100)Association maintains recreation facilitiesCommunity offers boat facilities and is non-gatedAssociation amenities include beach rights, beach access, boat dock, boat ramp, and management

Exterior

Parking
Attached garage with 2 covered spacesDriveway parkingPaved accessGarage door opener
Security
High-impact doorsSmoke detectors
Utilities
Public waterPublic sewerCable available
Home design
Single-story homeResale propertyWest-facingHas view
Construction
Block, concrete and stucco constructionTile roofSingle-story construction
Exterior features
LanaiPatioPorchScreened porch/lanaiPatio with screened enclosureShutters (manual)Sprinkler/irrigation systemSecurity/high-impact doorsSmoke detectors

Interior

Kitchen
DishwasherDisposalIcemakerMicrowaveRangeRefrigeratorRefrigerator with ice maker
Bedrooms
Includes bedrooms (split bedroom layout)
Flooring
Tile flooring
Bathrooms
Three full bathroomsShower-only with separate showerDual sinks
Heating & cooling
Central heating (electric)Central air conditioning (electric)Ceiling fans
Interior features
FurnishedBreakfast barDual sinksEntrance foyerCombined living and dining areaShower-only bathroom with separate showerCable TVWindow treatmentsHome officeSplit bedroom floorplanDisplay windowsSingle-hung and sliding windows
Laundry & utility
WasherDryerIndoor laundry

Listing history 50 events

  1. 2026-07-30
    days on market $1,295,000 Active 180 DOM
  2. 2026-07-28
    days on market $1,295,000 Active 179 DOM
  3. 2026-07-26
    days on market $1,295,000 Active 177 DOM
  4. 2026-07-24
    days on market $1,295,000 Active 175 DOM
  5. 2026-07-23
    days on market $1,295,000 Active 174 DOM
  6. 2026-07-22
    days on market $1,295,000 Active 173 DOM
  7. 2026-07-21
    days on market $1,295,000 Active 172 DOM
  8. 2026-07-18
    days on market $1,295,000 Active 169 DOM
  9. 2026-07-18
    days on market $1,295,000 Active 168 DOM
  10. 2026-07-16
    days on market $1,295,000 Active 167 DOM
  11. 2026-07-15
    days on market $1,295,000 Active 166 DOM
  12. 2026-07-13
    days on market $1,295,000 Active 164 DOM
  13. 2026-07-13
    days on market $1,295,000 Active 163 DOM
  14. 2026-07-12
    days on market $1,295,000 Active 162 DOM
  15. 2026-07-10
    days on market $1,295,000 Active 161 DOM
  16. 2026-07-10
    days on market $1,295,000 Active 160 DOM
  17. 2026-07-07
    days on market $1,295,000 Active 158 DOM
  18. 2026-07-06
    days on market $1,295,000 Active 157 DOM
  19. 2026-07-05
    days on market $1,295,000 Active 156 DOM
  20. 2026-07-02
    days on market $1,295,000 Active 153 DOM
  21. 2026-07-01
    days on market $1,295,000 Active 152 DOM
  22. 2026-06-30
    days on market $1,295,000 Active 151 DOM
  23. 2026-06-29
    days on market $1,295,000 Active 150 DOM
  24. 2026-06-28
    days on market $1,295,000 Active 149 DOM
  25. 2026-06-25
    days on market $1,295,000 Active 145 DOM
  26. 2026-06-22
    days on market $1,295,000 Active 143 DOM
  27. 2026-06-22
    days on market $1,295,000 Active 142 DOM
  28. 2026-06-17
    days on market $1,295,000 Active 138 DOM
  29. 2026-06-16
    days on market $1,295,000 Active 137 DOM
  30. 2026-06-15
    days on market $1,295,000 Active 136 DOM
  31. 2026-06-13
    days on market $1,295,000 Active 134 DOM
  32. 2026-06-10
    days on market $1,295,000 Active 131 DOM
  33. 2026-06-09
    days on market $1,295,000 Active 130 DOM
  34. 2026-06-07
    days on market $1,295,000 Active 128 DOM
  35. 2026-06-02
    days on market $1,295,000 Active 123 DOM
  36. 2026-06-01
    days on market $1,295,000 Active 122 DOM
  37. 2026-06-01
    days on market $1,295,000 Active 121 DOM
  38. 2026-02-27
    price $1,295,000
  39. 2026-01-30
    listed $1,395,000 Active
  40. 2022-12-09
    soldstatus $799,222
  41. 2022-12-05
    soldstatus $799,222 Closed 509-char remark
    Show marketing remark (509 chars)

    Shell Harbor for under $800K !!! Ground level canal home with dock being offered "As Is" for less than lot price. This home used to feature 4 bedrooms and 3 baths. Let your imagination take over for what you could accomplish here. Shell Harbor is The neighborhood on Sanibel with gulf access canals and private beach access that accommodates ample parking for all at just $70 a year. This home was impacted by Ian and is undergoing mitigation. Rebuild your Dream home in this wonderful island Oasis.

  42. 2022-11-11
    status Pending 509-char remark
    Show marketing remark (509 chars)

    Shell Harbor for under $800K !!! Ground level canal home with dock being offered "As Is" for less than lot price. This home used to feature 4 bedrooms and 3 baths. Let your imagination take over for what you could accomplish here. Shell Harbor is The neighborhood on Sanibel with gulf access canals and private beach access that accommodates ample parking for all at just $70 a year. This home was impacted by Ian and is undergoing mitigation. Rebuild your Dream home in this wonderful island Oasis.

  43. 2022-11-11
    listed $799,222 Active 509-char remark
    Show marketing remark (509 chars)

    Shell Harbor for under $800K !!! Ground level canal home with dock being offered "As Is" for less than lot price. This home used to feature 4 bedrooms and 3 baths. Let your imagination take over for what you could accomplish here. Shell Harbor is The neighborhood on Sanibel with gulf access canals and private beach access that accommodates ample parking for all at just $70 a year. This home was impacted by Ian and is undergoing mitigation. Rebuild your Dream home in this wonderful island Oasis.

  44. 2006-05-03
    soldstatus $1,250,000
  45. 2006-05-01
    soldstatus $1,250,000 553-char remark
    Show marketing remark (553 chars)

    Imagine sitting on your pool deck while looking at intersecting canals, the privacy of mangroves dancing in the breeze, and your boat sitting on a 10,000 lb. lift next to a sea walled canal and brick paver dock. Also imagine walking into the bright and cheery 4 bedroom 3 bathroom home, featuring tile floors and beautiful views of the canal from almost every room, to grab a towel for an afternoon dip in your large pool. Or, imagine driving or biking to one of the nicest neighborhood beach accesses on all of Sanibel. Now imagine all of this is only.

  46. 2006-03-13
    price $1,395,000 553-char remark
    Show marketing remark (553 chars)

    Imagine sitting on your pool deck while looking at intersecting canals, the privacy of mangroves dancing in the breeze, and your boat sitting on a 10,000 lb. lift next to a sea walled canal and brick paver dock. Also imagine walking into the bright and cheery 4 bedroom 3 bathroom home, featuring tile floors and beautiful views of the canal from almost every room, to grab a towel for an afternoon dip in your large pool. Or, imagine driving or biking to one of the nicest neighborhood beach accesses on all of Sanibel. Now imagine all of this is only.

  47. 2005-04-04
    soldstatus $1,082,500
  48. 2000-01-24
    soldstatus $500,000
  49. 1984-01-01
    soldstatus $235,000
  50. 1973-06-01
    soldstatus $20,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

Current annual tax
$15,178 · $1,265/mo
Projected year-2 tax
$15,178 · $1,265/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥113°F today · 26 d/yr by 30 yrs out
  • 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
  • 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$144,464
− Mortgage interest
−$72,540
− Property taxes
−$15,178
− Insurance
−$11,594
− Repairs & maintenance
−$11,557
− Management
−$11,557
− HOA
−$96
− Depreciation
−$37,673
Taxable loss
−$15,730
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$3,775
After-tax cash flow
$9,541/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 10 photos

Good 80/100 Cosmetic rehab Est. rehab $9,720–$29,160 screening

This canal-front home on Sanibel Island is in good condition with a good condition score of 80. It has a good kitchen, bathrooms, roof, exterior, flooring, and interior walls/paint. The home is move-in ready with minor cosmetic repairs and maintenance needed.

Components & finishes AI

Roof tile · good Flooring wood

Deferred maintenance Est. $500–$2,000 screening

  • Minor Roof (roof) — No visible signs of damage or wear on the roof.

Value-add opportunities

  • Resale Paint exterior — Enhances curb appeal
  • Rental Trim landscaping — Improves curb appeal and enhances property value

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

C Composite school gradezoned avg 68/100

Zoned Schools

Elementary The Sanibel School A+ FL #5/2,144 Nat'l #94/41,679 High Cypress Lake High School D- FL #228/667 Nat'l #6,809/17,239

Schools (NCES district)

District
Lee
NCES district ID
1201080
Math proficiency
47% ▼ -11.00%
Reading proficiency
50% ▼ -4.00%
Median HH income
$49,518
Composite
41.49/100
National rank
#3458
State rank
#42 of 73 in FL
C Composite livability gradescore 67/100

Livability — Sanibel

Score
67/100
State rank
#541
US rank
#10166

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment A+ Housing D+ Health & safety D- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Sanibel, FL
County
Lee · 871,946 people
City population
6,402
Metro
Cape Coral-Fort Myers, FL
Population (ZIP)
6,402
Household income
$122,730
Rent vs Own
8.4% rent · 91.6% own
Severe rent burden
3% of renters

Population outlook (Lee County) Hauer SSP2

Today (2025)
871,946 people
By 2030
955,468 · +9.6%
By 2040
1,113,587 · +27.7%
By 2050
1,256,891 · +44.1%
By 2075
1,560,270 · +78.9%
By 2100
1,726,848 · +98.0%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (95%)
Race & ethnicity
White 95% Two or more races 2% Asian 1%
Common ancestry
Italian 4% Romanian 4% Slovak 2%
Foreign-born
5% · Canada, China
Languages at home
96% English-only · German/W. Germanic 1% Spanish 1% French/Haitian/Cajun 1%

Political lean MEDSL · Lee

2024 margin
Strong R (+28.4) · D 35.5% · R 63.9%
2008→2024 swing
-18.0pp toward R · 2008: -10.4pp · 2024: -28.4pp
All cycles
2024: R+28.4 2020: R+19.2 2016: R+20.4 2012: R+16.6 2008: R+10.4

Not yet ingested

Civics

Price history

+6375.0% since first listed
13 events — show timeline
  • 2026-02-27 Price Changed $1,295,000 FORTMLS
  • 2026-01-30 Listed $1,395,000 FORTMLS
  • 2022-12-09 Sold (Public Records) $799,222 Public Records
  • 2022-12-05 Sold (MLS) $799,222 FORTMLS
  • 2022-11-11 Pending FORTMLS
  • 2022-11-11 Listed $799,222 FORTMLS
  • 2006-05-03 Sold (Public Records) $1,250,000 Public Records
  • 2006-05-01 Sold (MLS) $1,250,000 FORTMLS
  • 2006-03-13 Price Changed $1,395,000 FORTMLS
  • 2005-04-04 Sold (Public Records) $1,082,500 Public Records
  • 2000-01-24 Sold (Public Records) $500,000 Public Records
  • 1984-01-01 Sold (Public Records) $235,000 Public Records
  • 1973-06-01 Sold (Public Records) $20,000 Public Records

Property tax history

+4.5%/yr

Latest (2025): $15,178 · +9.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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