2761 W Gulf Drive Sanibel, FL $ 1,500,000
2761 W Gulf Drive
$ 1,500,000
Share Save

2761 W Gulf Drive

Sanibel, FL, 33957
$ 1,500,000
Baths0.0

Monthly Estimate*

$ 9,236

2761 W Gulf Drive, Sanibel, FL 33957 - Image 1
2761 W Gulf Drive, Sanibel, FL 33957 - Image 2
2761 W Gulf Drive, Sanibel, FL 33957 - Image 3
2761 W Gulf Drive, Sanibel, FL 33957 - Image 4
2761 W Gulf Drive, Sanibel, FL 33957 - Image 5
2761 W Gulf Drive, Sanibel, FL 33957 - Image 6
View a Virtual Tour
Studio

Lots and Land for sale in Sanibel, FL

for $1,500,000. The lot size is 0.498.

A Landmark Reimagined – Rare ½ Acre Commercial/Residential Opportunity on West Gulf Drive! Once home to The Sandbar, a beloved island steak and seafood house that embodied Sanibel’s “true island environment,” this cleared half-acre parcel is now poised for its next chapter. Nestled within earshot of the Gulf waves and with the distinction of a prime island address along prestigious West Gulf Drive, the property presents a rare opportunity to shape the island’s future in one of its most coveted settings. The possibilities are as limitless as your vision. Imagine a thriving commercial venture, a welcoming restaurant or boutique, a thoughtfully planned multi-family development, or an exclusive private coastal retreat—this property is the blank canvas to bring those dreams to life. Its location is unmatched: just steps from the brand-new Shalimar Resort, a short stroll to a nearby beach access, a quick bike ride to Bit of Bailey’s Grocery and Rosalita’s Cantina in the revitalized Rabbit Road Center, within easy reach of the Sanibel Rec Center, and just across the street from the beloved shared use path. Rich in history and alive with potential, this is more than just land—it’s an invitation to contribute to Sanibel’s ongoing revitalization. Create something meaningful, build lasting value, and leave your legacy on one of Florida’s most treasured islands.

See more

Lots and Land Active

Price

$ 1,500,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 6,146

Style

Acreage

Lot Size

0.498

Town/City

Sanibel

County/Region

Lee

MLS | Web ID

2025009243

Features
General
Sewer Public Sewer
Utilities Cable Available Electricity Available Phone Available Sewer Available Water Available
Possession Close Of Escrow
HOA Fee 0
Association Fee Includes None
View Landscaped
Topography Filled
Property Subtype Acreage
Tax Year 2024
Current Use Commercial Multi-Family Single Family
Waterfront Features None
Community Features Non-Gated
HOA Fee 2 0
County Lee
Property Type Land
Subdivision Name NUTMEG VILLAGE
Facing Direction North
Status Active
City Sanibel
Land Lease Amount 0
Senior Community Y/N false
MLS Area SI01 - Sanibel Island
Lot Size Units Acres
Tax Annual Amount 6146.22
Property Condition To Be Built
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2025009243
Standard Status Active
Tax Lot 1
Property Sub Type Additional Acreage
Legal Description FR PT OF INTERSECT OF W LI OF SEC 35 + SLY R/W LI OF GULF DR RUN S 81 DEG 18
HOA Fee 3 0
See more
Exterior
Vegetation Brush Grassed
Lot Features Cleared Oversized Lot Acreage
Water Source Public
Lot Size Area 0.498
Lot Dimensions 180 x 125 x 180 x 125
Lot Size Acres 0.498
Road Surface Type Paved
Lot Size Source Appraiser
Waterfront Y/N false
Covered Spaces 0
Road Responsibility Public Maintained Road
See more
* Excluded Features
List By
Evan duPont

Listing Agent

Michael Saunders & Company

Broker

evandupont@michaelsaunders.com

Email

Affordability Calculator

$9,748
Per Month
95%
5%
0%
Monthly Principal & Interest
$9,236
Monthly Property Taxes
$512
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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/20/2026$1,500,000 Listed Price

Map


See all

2761 W Gulf Drive, Sanibel, FL, 33957 is a Lots and Land for sale at $1,500,000 with a lot size of 0.498. 2761 W Gulf Drive is a studio with 0.0 baths. The property's zip code is 33957 which is in Sanibel, FL