527 E Gulf Drive 204 Sanibel, FL $ 1,095,000
527 E Gulf Drive 204
$ 1,095,000
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527 E Gulf Drive 204

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 an exceptionally rare pre-construction opportunity to secure a Gulf-front residence on Sanibel Island, an offering that has not been seen in decades. New beachfront development on the island is virtually unheard of, making this a moment of true significance for those who understand the long-term value of scarcity, timing, and vision. For the discerning buyer, this is not simply a purchase, but an opportunity to become part of a limited and highly anticipated new coastal enclave before completion, with the ability to shape the final expression of the unit. 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 of construction. This approach provides a level of flexibility rarely available in new development, allowing the future owner to curate every interior detail, from layout refinement and architectural elements to bespoke finishes and materials, resulting in a truly personalized beachfront retreat. Set along a pristine stretch of Sanibel’s world-renowned shoreline, the two-bedroom, two-bath residence is thoughtfully designed to capture sweeping, panoramic views of the Gulf. Elevated ceiling heights enhance volume and light, while a dramatic wall of impact-rated glass along the Gulf side frames endless horizons and ever-changing coastal light. Built to the latest construction standards, the residence combines modern resilience with the refined simplicity of contemporary coastal design, offering both beauty and peace of mind in a setting defined by nature. For those seeking even greater scale and customization, an additional and unprecedented opportunity exists to acquire the neighboring residence, Unit 203. Together, the 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 positioned along the perimeter would allow for a grand, light-filled central living and entertaining space, flanked by private, sun-drenched retreats, an exceptionally rare configuration on Sanibel. Located on the island’s highly desirable east end, the setting offers both privacy and connection. Scenic bike paths wind through lush natural landscapes, leading to the historic lighthouse, charming boutiques, beloved local dining, and the understated character that has defined Sanibel for generations. This is more than new construction. It is the rare convergence of timing, location, and possibility; an opportunity to secure a Gulf-front residence in its earliest phase, to design a home that reflects your vision, and to establish a lasting coastal legacy in one of Florida’s most treasured island communities.

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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

2025014414

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 Deck Lanai Porch Screened
Architectural Style Other Low Rise
Pool Features Community
Construction Materials Other
Pets Allowed Call Conditional
Year Built 1978
View Gulf
Unit Number 204
Property Subtype Condominium
Tax Year 2024
Ownership Condo
Waterfront Features Gulf
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/2025014414
Structure Type Low Rise
Standard Status Active
Tax Lot 204
Property Sub Type Additional Condominium
Legal Description GULF BEACH CONDO OR 1279 PG 727 APT 204
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 Deck Other
Lot Features Irregular Lot
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
Jeffrey Burns

Listing Agent

Premier Sotheby's Int'l Realty

Broker

jeff.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 56.65% Price Up
2/20/2026$699,000 Listed Price

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527 E Gulf Drive 204, 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 204 has 2 bedrooms, 2.0 baths, and was built in 1978. The property's zip code is 33957 which is in Sanibel, FL