527 E Gulf Drive 203 Sanibel, FL $ 1,095,000
527 E Gulf Drive 203
$ 1,095,000
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527 E Gulf Drive 203

Sanibel, FL, 33957
$ 1,095,000
Bedrooms2 Baths2.0 Sq 986

Monthly Estimate*

$ 6,742

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Condo for sale in Sanibel, FL

for $1,095,000 with 2 bedrooms and 2 full baths. This 986 square foot condo was built in 1978 on a lot size of 0.2066.

This is a rare and compelling opportunity to be part of one of Sanibel Island’s newest Gulf-front condominium developments, an offering that has not been seen on the island in decades. For discerning buyers who value both legacy and vision, this pre-construction phase presents an extraordinary chance to secure a residence in a truly limited and highly anticipated new coastal community. Set along a pristine stretch of Sanibel’s world-renowned shoreline, this two-bedroom, two-bath residence will capture sweeping panoramic views of the Gulf, where endless horizons and ever-changing light define the daily experience. Designed to reflect the refined simplicity of modern coastal living, the condominium will feature elevated ceiling heights, a dramatic wall of impact-rated glass along the Gulf side, and construction to the latest standards, bringing both beauty and peace of mind in a setting shaped by nature. What distinguishes this offering is its exceptional flexibility. The current owners are conveying their share in the association and will satisfy the $440,000 assessment at closing, delivering the residence to the next owner in “white box” condition upon completion. This allows the new owner to curate every interior detail, from materials and finishes to layout and design, creating a fully bespoke beachfront retreat tailored to individual taste and lifestyle. For those seeking scale and customization, an additional and unprecedented opportunity exists to acquire the neighboring residence, Unit 204. Together, the two mirror-image units present the potential to create a custom top-floor penthouse encompassing nearly 2,000 square feet, with four bedrooms and four baths. Bedrooms can be positioned along the perimeter, allowing for a grand, light-filled central living and entertaining space framed by private, sun-drenched retreats, an exceptionally rare configuration on Sanibel. Here, mornings begin with golden light across the Gulf, afternoons unfold along celebrated shelling beaches, and evenings are defined by the rhythm of the tides and moonlit waters. Located on Sanibel’s desirable east end, the community offers access to scenic bike paths, the historic lighthouse, charming boutiques, local dining, and the timeless island lifestyle that has drawn generations to its shores. Enjoy the natural beauty, low-density character, and quiet sophistication that define Sanibel, enhanced by the comfort, resilience, and modern elegance of new construction. This is more than an investment in real estate, it is an opportunity to shape your own coastal legacy.

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Condo Active

Price

$ 1,095,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 3,645

Style

Other, Low Rise

Lot Size

0.2066

Year Built

1978

Town/City

Sanibel

County/Region

Lee

MLS | Web ID

225041540

Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Electric
Utilities Cable Available
Possession Close Of Escrow
Roof Built-Up Flat
HOA Fee 0
Garage Spaces 0
Association Fee Includes Other
Patio/Porch Features Lanai Patio Porch Screened
Architectural Style Other Low Rise
Pool Features Community
Construction Materials Other
Pets Allowed Call Conditional
Year Built 1978
View Gulf
Unit Number 203
Property Subtype Condominium
Tax Year 2024
Ownership Condo
Waterfront Features Gulf Across the Road Water Frontage
Community Features Elevator Non-Gated
HOA Fee 2 575
County Lee
Property Type Residential
Association Amenities Beach Rights Beach Access Pool Management
HOA true
Subdivision Name GULF BEACH CONDO
Facing Direction North
Garage Y/N false
Full Baths 2
Status Active
City Sanibel
Disclosures Owner Has Flood Insurance
Land Lease Amount 0
Senior Community Y/N false
MLS Area SI01 - Sanibel Island
Lot Size Units Acres
Carport Spaces 0
Carport Y/N false
HOA Fee 2 Frequency Monthly
Tax Annual Amount 3645.89
Property Condition Known Damage
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/225041540
Structure Type Low Rise
Standard Status Active
Tax Lot 203
Property Sub Type Additional Condominium
Legal Description GULF BEACH CONDO OR 1279 PG 727 APT 203
Assoc/CIC Condominium
HOA Fee 3 0
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Interior
Interior Amenities Living/Dining Room Other See Remarks
Flooring Other
Furnished Y/N Unfurnished
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Window Features Other
Half Baths 0
Total Bedrooms 2
Entry Level 2
Room Type Screened Porch
Total Baths 2
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Exterior
Exterior Amenities Other Patio
Water Source Public
Lot Size Area 0.2066
Spa false
Building Area Total 1102
Lot Size Acres 0.2066
Private Pool false
Lot Size Source Appraiser
Waterfront Y/N true
Covered Spaces 0
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* Excluded Features
List By
Tiffany Burns

Listing Agent

Premier Sotheby's Int'l Realty

Broker

tiffany.burns@premiersir.com

Email

Affordability Calculator

$7,046
Per Month
96%
4%
0%
Monthly Principal & Interest
$6,742
Monthly Property Taxes
$304
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/25/2026$1,095,000 82.80% Price Up
2/20/2026$599,000 Listed Price

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527 E Gulf Drive 203, Sanibel, FL, 33957 is a Condo for sale at $1,095,000 with 986 sqft and a lot size of 0.2066. 527 E Gulf Drive 203 has 2 bedrooms, 2.0 baths, and was built in 1978. The property's zip code is 33957 which is in Sanibel, FL