527 E Gulf Drive #203, Sanibel, FL 33957
Local realty services provided by:ERA Real Solutions Realty
Listed by: tiffany burns, jeffrey burns
Office: premier sotheby's int'l realty
MLS#:2026044079
Source:FL_GFMB
Price summary
- Price:$1,095,000
- Price per sq. ft.:$993.65
About this home
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....
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Home facts
- Year built:1978
- Subdivision & Development:GULF BEACH CONDO
- Listing ID #:2026044079
- Added:4 day(s) ago
- Updated:October 27, 2026 at 05:01 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Living area:986 sq. ft.
Heating and cooling
- Cooling:Electric
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Built Up, Flat
- Year built:1978
- Building area:986 sq. ft.
- Lot area:0.21 Acres
- Architectural Style:Low Rise
- Exterior Features:Lanai, Patio, Porch, Screened
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,095,000
- Price per sq. ft.:$993.65
- Tax amount:$3,646 (2024)
Features and amenities
- Amenities:Pool
- Pool features:Community, Pool
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