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$1,095,000
New Listing

527 E Gulf Drive 203
Sanibel, FL 33957

For Sale|Condominium|Active
2
Beds
2
Total Baths
2
Full Baths
986
SqFt
$1,111
/SqFt
1978
Built
Subdivision:
GULF BEACH CONDO
County:
Lee
Call Now: (239) 400-3343
Is this the listing for you? We can help make it yours.
(239) 400-3343
527 E Gulf Drive 203527 E Gulf Drive 203527 E Gulf Drive 203527 E Gulf Drive 203
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This is a rare pre-construction opportunity to purchase in one of Sanibel Island’s first new Gulf-front condominium developments in decades. The existing building will be demolished, and a brand-new structure will be built to current codes and construction standards. Positioned on a prime stretch of Sanibel’s Gulf shoreline, this two-bedroom, two-bath residence will offer panoramic Gulf views, elevated ceiling heights, and a full wall of impact-rated glass along the waterfront. Built to modern structural standards, the new development will be one of the very few condos built to current hurricane ratings, designed for durability, safety, and low-maintenance coastal living. The current owners are conveying their share in the association and will pay the $440,000 assessment at closing. Upon completion of the building construction, the residence will be delivered in “white box” condition, allowing the new owner to fully customize the interior layout, finishes, and final design. An additional opportunity exists to purchase the neighboring unit, 204.Together, the two mirror-image top-floor residences could be combined into an approximately 2,000-square-foot, custom penthouse with four bedrooms and four baths—an uncommon configuration on Sanibel. Located on Sanibel’s desirable east end, the property offers convenient access to bike paths, the historic lighthouse, local shops, dining, and the island’s renowned beaches. This is a unique chance to secure new Gulf-front construction and tailor a beachfront residence to your exact specifications. Once the construction is complete, there will be nothing comparable on the island.

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Listing Snapshot
Price 
$1,095,000
Days On Site 
0 Days
Bedrooms 
2
Inside Area (SqFt) 
986 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
0.2066 Acres
Year Built 
1978
MLS Number 
2026044079
Status 
Active
Property Tax 
$3,645.89
HOA/Condo/Coop Fees 
$575 monthly
Sq Ft Source 
Appraiser
Friends & Family
Recent Activity
15 hours agoListing first seen on site
15 hours agoListing updated with changes from the MLS
General Features
Acres 
0.2066
Direction Faces 
North
Disclosures 
Owner Has Flood Insurance
Number Of Stories 
2
Property Sub Type 
Condominium
Sewer 
Public Sewer
SqFt Total 
1102
Style 
Other, Low Rise
Utilities 
Cable Available
Water Source 
Public
Interior Features
Cooling 
Central AirElectric
Flooring 
Other
Furnished 
Unfurnished
Heating 
CentralElectric
Interior 
OtherSee RemarksElevator
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Exterior Features
Construction Details 
Other
Exterior 
Other
Lot Features 
Waterfront
Patio And Porch 
PatioScreenedPorch
Pool Features 
Community
Roof 
Built-UpFlat
View 
Water
Waterfront 
Yes
Waterview 
Water
Community Features
Association Amenities 
Beach RightsBeach AccessPoolManagement
Additional Association Fee 
$575.0
Additional Association Fee Frequency 
Monthly
Community Features 
Pool
MLS Area 
SI01 - Sanibel Island
Financing Terms Available 
Cash
Listing courtesy of Premier Sotheby's Int'l Realty


The data relating to real estate for sale on this website comes in part from the Florida Gulf Coast MLS. 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 deemed reliable but not guaranteed.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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