Waterfront - Fixer Upper
Address
527 E Gulf Drive 204, Sanibel, FL
Price
$ 1,095,000
Property Attributes
- MLS#2025014414
- TypeCondos
- Listing Status Active
- CountyLee
- CitySanibel
- AreaSI01 - Sanibel Island
- NeighborhoodGULF BEACH CONDO
- Zip33957
- StyleOther, Low Rise
- Year Built1978
- Taxes$ 3645
- Price$ 1,095,000
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage986
- Lot Size0.2066 Acres
Data Source:
Florida Gulf Coast MLS (SWFLMLS)
Property Description
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.
| Price History | |
|---|---|
| 2/20/2026 | Listed $699,000 |
| 2/25/2026 | 57$1,095,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central,Electric |
| Cooling | Central Air,Electric |
| Utilities | Cable Available |
| Possession | Close Of Escrow |
| Roof | Built-Up,Flat |
| 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 |
| Senior Community Y/N | false |
| MLS Area | SI01 - Sanibel Island |
| Lot Size Units | Acres |
| 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 |
| PostalCity | Sanibel |
| Legal Description | GULF BEACH CONDO OR 1279 PG 727 APT 204 |
| Assoc/CIC | Condominium |
Interior Features
| 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 |
| Total Bedrooms | 2 |
| Entry Level | 2 |
| Room Type | Screened Porch |
| LivingAreaSource | Appraiser |
| Total Baths | 2 |
Exterior Features
| Gulf Access | false |
|---|---|
| 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 |
| LotDimensionsSource | Appraiser |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Pets
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Condos Average in 33957
Price
Taxes
Year Built
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© 2026 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
This data is up-to-date as of September 28, 2026 6:59 PM UTC Some properties that appear for sale on this website may subsequently have sold and may no longer be available. For the most current information, contact Alex King Group - Premiere Plus Realty.
The information provided is for consumers' personal, non-commercial use and may not be used for any other purpose. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program (BR Program) of M.L.S.
