Waterfront - Fixer Upper
Address
527 E Gulf Drive 203, Sanibel, FL
Price
$ 1,095,000
Property Attributes
- MLS#225041540
- 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 a rare and compelling opportunity to be part of one of Sanibel Island’s newest Gulf-front condominium developments, an offering that has not been seen on the island in decades. For discerning buyers who value both legacy and vision, this pre-construction phase presents an extraordinary chance to secure a residence in a truly limited and highly anticipated new coastal community. Set along a pristine stretch of Sanibel’s world-renowned shoreline, this two-bedroom, two-bath residence will capture sweeping panoramic views of the Gulf, where endless horizons and ever-changing light define the daily experience. Designed to reflect the refined simplicity of modern coastal living, the condominium will feature elevated ceiling heights, a dramatic wall of impact-rated glass along the Gulf side, and construction to the latest standards, bringing both beauty and peace of mind in a setting shaped by nature. What distinguishes this offering is its exceptional flexibility. 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. This allows the new owner to curate every interior detail, from materials and finishes to layout and design, creating a fully bespoke beachfront retreat tailored to individual taste and lifestyle. For those seeking scale and customization, an additional and unprecedented opportunity exists to acquire the neighboring residence, Unit 204. Together, the two 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 can be positioned along the perimeter, allowing for a grand, light-filled central living and entertaining space framed by private, sun-drenched retreats, an exceptionally rare configuration on Sanibel. Here, mornings begin with golden light across the Gulf, afternoons unfold along celebrated shelling beaches, and evenings are defined by the rhythm of the tides and moonlit waters. Located on Sanibel’s desirable east end, the community offers access to scenic bike paths, the historic lighthouse, charming boutiques, local dining, and the timeless island lifestyle that has drawn generations to its shores. Enjoy the natural beauty, low-density character, and quiet sophistication that define Sanibel, enhanced by the comfort, resilience, and modern elegance of new construction. This is more than an investment in real estate, it is an opportunity to shape your own coastal legacy.
| Price History | |
|---|---|
| 2/20/2026 | Listed $599,000 |
| 2/25/2026 | 83$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 | Lanai,Patio,Porch,Screened |
| Architectural Style | Other,Low Rise |
| Pool Features | Community |
| Construction Materials | Other |
| Pets Allowed | Call,Conditional |
| Year Built | 1978 |
| View | Gulf |
| Unit Number | 203 |
| Property Subtype | Condominium |
| Tax Year | 2024 |
| Ownership | Condo |
| Waterfront Features | Gulf,Across the Road Water Frontage |
| 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/225041540 |
| Structure Type | Low Rise |
| Standard Status | Active |
| Tax Lot | 203 |
| Property Sub Type Additional | Condominium |
| PostalCity | Sanibel |
| Legal Description | GULF BEACH CONDO OR 1279 PG 727 APT 203 |
| 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 | Other,Patio |
| 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
All information regarding a property for sale, rental or financing, school information and public tax records is from sources deemed reliable; PROVIDED, HOWEVER, that representations and warranties are not made about the accuracy thereof, and such information is subject to errors, omissions, updates, modifications, changes of price, rent rates, commissions, prior sales, leases or financing, changes in school boundaries, or withdrawal without notice. All information displayed on this Website should
© 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.
