527 Gulf Dr E #203, Sanibel, FL 33957
For Sale $1,095,000
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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 new structure will be built to current codes and construction standards. 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 few condos built to current hurricane ratings, designed for durability, safety and low-maintenance coastal living. The 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. 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.
Other
Beach Access
Pool
Taxes: $3,645.89
Tax Year: 2024
Association Fee: $6,900.00
Screened Lanai/Porch
Other
Y
Gulf Frontage
Building Description: Low Rise (1-3)
Building Design: Low Rise (1-3 Floors)
Community Type: Non-Gated
MLS Area: Gulf Beach Condo
Total Square Footage: 1,102
Total Floors: 2
Water: Central
Short Sale: No
Date Listed: 2026-10-22 00:00:00
Pool Description: Community
Furnished: Unfurnished
Roof: Built-Up
Heating: Central Electric
Cooling: Central Electric
Storm Protection: Other
Irrigation: Central
Pets: Limits
Restrictions: None/Other
Maintenance: Other
Rear Exposure: S
Lot Desc.: Across From Waterfront
Amenities: Beach Access, Pool
Listing Courtesy Of: Premier Sotheby's Int'l Realty
tiffany.burns@premiersir.com
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 new structure will be built to current codes and construction standards. 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 few condos built to current hurricane ratings, designed for durability, safety and low-maintenance coastal living. The 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. 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.
Property Details
Price: $1,095,000
Sq Ft: 986
($1,111 per
sqft)
Bedrooms: 2
Bathrooms: 2
Unit On Floor: 2
City: Sanibel
County: Lee
Type: Single Family
Development: Gulf Beach Condo
Acres: 0.2066
Virtual Tour/Floorplan: View
Year Built: 1978
Listing Number: 2026044079
Status Code: A-Active
Taxes: $3,645.89
Tax Year: 2024
Application Fee: $0.00
Garage:
Furnishings: Unfurnished
Pets Allowed: Limits
Interior Features:
Other
Amenities:
Beach Access
Pool
Financial Information:
Taxes: $3,645.89
Tax Year: 2024
Association Fee: $6,900.00
Exterior Features:
Screened Lanai/Porch
Equipment:
Other
View:
Y
Waterfront Description:
Gulf Frontage
Additional Information:
Building Description: Low Rise (1-3)
Building Design: Low Rise (1-3 Floors)
Community Type: Non-Gated
MLS Area: Gulf Beach Condo
Total Square Footage: 1,102
Total Floors: 2
Water: Central
Short Sale: No
Date Listed: 2026-10-22 00:00:00
Pool Description: Community
Furnished: Unfurnished
Roof: Built-Up
Heating: Central Electric
Cooling: Central Electric
Storm Protection: Other
Irrigation: Central
Pets: Limits
Restrictions: None/Other
Maintenance: Other
Rear Exposure: S
Lot Desc.: Across From Waterfront
Amenities: Beach Access, Pool
Map of 527 Gulf Dr E #203, Sanibel, FL 33957
Listing Courtesy Of: Premier Sotheby's Int'l Realty
tiffany.burns@premiersir.com