505 Lighthouse Way Sanibel, FL $ 1,687,000
505 Lighthouse Way
$ 1,687,000
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505 Lighthouse Way

Sanibel, FL, 33957
$ 1,687,000
Bedrooms4 Baths3.1 Sq 3,000

Monthly Estimate*

$ 10,387

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Single Family Home for sale in Sanibel, FL

for $1,687,000 with 4 bedrooms and 3 full baths, 1 half bath. This 3,000 square foot home was built in 1965 on a lot size of 0.315.

Rare opportunity offered on Lighthouse Way.  One of Sanibel’s most premier East End streets, this property presents an opportunity to create a custom waterfront residence in a location where finished homes consistently command top-tier value. Just minutes to the Gulf with deep-water, direct-access boating, the property features a seawall, generous dock area, a 16,000-lb boat lift, and two additional davits.  A boater’s dream setup seldom available on the East End. The home offers all-concrete block construction on both the first and second floors, providing a solid structural base for future plans.  A new $90,000 commercial-grade standing-seam metal roof and fascia are already in place, representing a significant investment and a meaningful head start for the next owner. Outdoor elements include a pool and spa, mature tropical landscaping, and space for outdoor living and entertaining.  This East End location allows for easy on-and-off island access, avoiding mid-island traffic, while remaining within walking distance to the Sanibel Lighthouse, beaches, restaurants, shops, and local favorites. This is a rare chance to secure a Lighthouse Way address with direct Gulf access and build or renovate to suit your vision. Owner financing available.

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Single Family Active

Price

$ 1,687,000

Bedrooms

4

Full Bath

3

Half Bath

1

Property Type

Single Family

Taxes

$ 11,135

Style

Two Story

Lot Size

0.315

Year Built

1965

Town/City

Sanibel

County/Region

Lee

MLS | Web ID

2026005751

Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Electric
Utilities Cable Available
Possession Close Of Escrow
Roof Metal
HOA Fee 0
Garage Spaces 2
Association Fee Includes Legal/Accounting Reserve Fund Road Maintenance
Patio/Porch Features Open Patio Porch
Architectural Style Two Story
Pool Features In Ground Pool Equipment Pool/Spa Combo
Construction Materials Block Concrete Stucco
Pets Allowed Yes
Year Built 1965
View Canal
Stories Count 2
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Ownership Single Family
Waterfront Features Canal Access Navigable Water Seawall
Community Features Boat Facilities Non-Gated
HOA Fee 2 500
County Lee
Property Type Residential
Association Amenities Beach Rights Boat Dock Beach Access Boat Ramp
HOA true
Attached Garage true
Subdivision Name SANIBEL ESTATES
Facing Direction North
Garage Y/N true
Full Baths 3
Status Active
Directions USE GPS
City Sanibel
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
Spa Features In Ground
HOA Fee 2 Frequency Annually
Tax Annual Amount 11135
Property Condition Known Damage
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026005751
Standard Status Active
Tax Lot 28
Property Sub Type Additional Single Family Residence
Legal Description SANIBEL ESTATES UNIT 4 OR 113 PG 652 LOT 28
HOA Fee 3 0
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Interior
Interior Amenities Entrance Foyer French Door(s)/Atrium Door(s) Fireplace High Ceilings Other See Remarks Cable TV
Flooring Other
Furnished Y/N Unfurnished
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Window Features Casement Window(s)
Fireplace Y/N true
Half Baths 1
Total Bedrooms 4
Room Type Florida Room
Total Baths 4
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Exterior
Exterior Amenities Sprinkler/Irrigation None Outdoor Kitchen Patio
Parking Features Attached Driveway Garage Paved
Lot Features Rectangular Lot Cul-De-Sac Sprinklers Automatic
Water Source Public
Lot Size Area 0.315
Spa true
Building Area Total 3759
Lot Dimensions 100 x 130 x 100 x 130
Lot Size Acres 0.315
Road Surface Type Paved
Private Pool true
Lot Size Source Appraiser
Waterfront Y/N true
Covered Spaces 2
Door Features French Doors
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* Excluded Features
List By
Gregory Demaras

Listing Agent

Pfeifer Realty Group Llc

Broker

g.demaras@portsidepg.com

Email

Affordability Calculator

$11,315
Per Month
92%
8%
0%
Monthly Principal & Interest
$10,387
Monthly Property Taxes
$928
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$1,687,000 Listed Price

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505 Lighthouse Way, Sanibel, FL, 33957 is a Single Family Home for sale at $1,687,000 with 3,000 sqft and a lot size of 0.315. 505 Lighthouse Way has 4 bedrooms, 3.1 baths, and was built in 1965. The property's zip code is 33957 which is in Sanibel, FL