2480 Library Way Sanibel, FL $ 1,595,000
2480 Library Way
$ 1,595,000
Open House 3/12 10am - 12pm
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2480 Library Way

Sanibel, FL, 33957
$ 1,595,000
Bedrooms3 Baths3.0 Sq 1,972

Monthly Estimate*

$ 9,821

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Single Family Home for sale in Sanibel, FL

for $1,595,000 with 3 bedrooms and 3 full baths. This 1,972 square foot home was built in 1989 on a lot size of 0.24.

$150K+ in potential gross income! Discover one of Sanibel’s most unique mixed-use opportunities, a rare property that seamlessly combines residential living with a fully functional commercial space. Zoned TCL, this versatile setting is ideal for entrepreneurs, artists, boutique retail, a private gym or wellness studio with curated membership, or anyone seeking a flexible live-work lifestyle in the heart of the island. The craftsmanship is exceptional, featuring beautiful millwork, impact windows and doors, Hardie board siding, and Brazilian hardwood and composite decking for lasting durability and timeless appeal. Inside, four levels of thoughtfully designed living space offer excellent flow, vaulted ceilings, rich wood flooring, and abundant natural light throughout. The chef-inspired kitchen showcases Sub-Zero and Wolf appliances with beautifully designed, highly functional cabinetry. The fourth-floor VIP suite is truly remarkable, while the rooftop sun deck captures bay breezes and water glimpses. Outdoor living continues with a 40-foot heated saltwater pool and high-efficiency propane spa for year-round enjoyment. The approximately 500-square-foot commercial space features hardwood floors, expansive windows, a half bath, and handicap-accessible ramp — perfect for a boutique, studio, office, or customer-facing business. Beyond the commercial use, the residential component offers strong income potential, creating multiple revenue streams within one property. This is a great rental income investment and or 1031 Exchange property!All of this is set in a highly walkable location just steps from restaurants, shops, banks, the post office, beaches, bike paths, kayaking, and daily conveniences — a rare opportunity blending lifestyle, flexibility, quality, and compelling investment value in one of Sanibel’s most desirable locations.

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Open House

3/12/2026 10:00 AM - 12:00 PM
2480 Library Way Sanibel, FL
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Single Family Active

Price

$ 1,595,000

Bedrooms

3

Full Bath

3

Property Type

Single Family

Taxes

$ 7,837

Style

Florida, Multi-Level, Other, Two Story, See Remarks, Traditional

Lot Size

0.24

Year Built

1989

Town/City

Sanibel

County/Region

Lee

MLS | Web ID

2025019853

Features
General
Sewer Public Sewer Private Sewer
Heating Central Electric Gas Propane Zoned
Cooling Central Air Ceiling Fan(s) Electric Gas Zoned
Utilities Cable Not Available Natural Gas Available High Speed Internet Available
Possession Close Of Escrow Negotiable
Roof Metal
Appliances Dryer Dishwasher Freezer Gas Cooktop Disposal Microwave Range Refrigerator Water Purifier Washer
HOA Fee 0
Garage Spaces 2
Association Fee Includes None
Patio/Porch Features Balcony Deck Open Patio Porch
Architectural Style Florida Multi-Level Other Two Story See Remarks Traditional
Pool Features Concrete Gas Heat Heated In Ground Lap Pool Equipment See Remarks Pool/Spa Combo
Security Features Burglar Alarm (Monitored) Security System Smoke Detector(s)
Construction Materials Other Stucco Wood Frame
Pets Allowed Yes
Year Built 1989
View Bay Landscaped Preserve Partial
Stories Count 2
Levels Two
Property Subtype Single Family Residence
Tax Year 2024
Ownership Single Family
Waterfront Features None
Community Features Non-Gated None
Accessibility Wheelchair Access
HOA Fee 2 0
County Lee
Property Type Residential
Association Amenities See Remarks Trail(s)
HOA false
Attached Garage true
Subdivision Name PALM RIDGE
Facing Direction West
Garage Y/N true
Full Baths 3
Status Active
City Sanibel
Disclosures Deed Restriction Owner Has Flood Insurance
Land Lease Amount 0
Senior Community Y/N false
Zoning Description TCL
MLS Area SI01 - Sanibel Island
Lot Size Units Acres
Carport Spaces 0
Carport Y/N false
Spa Features Above Ground Gas Heat Gunite In Ground
Tax Annual Amount 7837.12
Property Condition Resale
Virtual Tour https://www.eastont.com/mcmurrayandmembers-1/2480
Standard Status Active
Tax Lot 5
Property Sub Type Additional Single Family Residence
Legal Description PALM RIDGE RE-SUB BLK C PB 28 PG 55 LOT 5
HOA Fee 3 0
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Interior
Interior Amenities Breakfast Bar Bathtub Dual Sinks Eat-in Kitchen Handicap Access High Ceilings Kitchen Island Other Pantry Sitting Area in Primary See Remarks Separate Shower Upper Level Primary Vaulted Ceiling(s) Bar Window Treatments Split Bedrooms Workshop
Flooring Wood
Furnished Y/N Furnished
Total Stories 4
Air Conditioning Y/N true
Heating Y/N true
Window Features Jalousie Sliding Impact Glass Window Coverings
Half Baths 0
Laundry Features Washer Hookup Dryer Hookup Inside
Total Bedrooms 3
Room Type Bathroom Exercise Room Guest Quarters Other Recreation Workshop Great Room
Total Baths 3
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Exterior
Exterior Amenities Courtyard Deck Fence Security/High Impact Doors Sprinkler/Irrigation Outdoor Shower Other Patio Storage Awning(s)
Parking Features Attached Covered Underground Garage Guest Handicap Two Spaces Garage Door Opener
Lot Features Rectangular Lot Sprinklers Automatic
Water Source Public
Lot Size Area 0.24
Foundation Details Pillar/Post/Pier Raised
Spa true
Building Area Total 3181
Lot Dimensions 84 x 124 x 81 x 124
Lot Size Acres 0.24
Road Surface Type Paved
Private Pool true
Lot Size Source Appraiser
Waterfront Y/N false
Covered Spaces 2
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Michael McMurray

Listing Agent

Royal Shell Real Estate, Inc.

Broker

Mike@mcmurrayandmembers.com

Email

Affordability Calculator

$10,474
Per Month
94%
6%
0%
Monthly Principal & Interest
$9,821
Monthly Property Taxes
$653
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
2/20/2026$1,595,000 -3.33% Price Down
2/20/2026$1,650,000 Listed Price

Map


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2480 Library Way, Sanibel, FL, 33957 is a Single Family Home for sale at $1,595,000 with 1,972 sqft and a lot size of 0.24. 2480 Library Way has 3 bedrooms, 3.0 baths, and was built in 1989. The property's zip code is 33957 which is in Sanibel, FL