527 E Gulf DR #204, Sanibel, FL 33957
527 E Gulf DR #204, Sanibel, FL 33957
527 E Gulf DR #204, Sanibel, FL 33957
25
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$1,095,000
Est. payment /mo
2 Beds
2 Baths
986 SqFt
Active

527 E Gulf DR #204 Sanibel, FL 33957

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Key Details

Property Type Condo

Sub Type Low Rise (1-3)

Listing Status Active

Purchase Type For Sale

Square Footage 986 sqft

Price per Sqft $1,110

Subdivision Gulf Beach Condo

MLS Listing ID 2025014414

Bedrooms 2

Full Baths 2

HOA Fees $575/mo

HOA Y/N Yes

Annual Recurring Fee 6900.0

Min Days of Lease 7

Leases Per Year 52

Year Built 1978

Annual Tax Amount $3,645

Tax Year 2024

Lot Size 8,999 Sqft

Acres 0.2066

Property Sub-Type Low Rise (1-3)

Source Florida Gulf Coast

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.

Location

State FL

County Lee

Area Si01 - Sanibel Island

Rooms

Dining Room Dining - Living

Interior

Interior Features Common Elevator, Other

Heating Central Electric

Cooling Central Electric

Flooring Other

Window Features Other

Appliance Other

Exterior

Community Features Beach Access, Pool, Non-Gated

Utilities Available Cable Available

Waterfront Description Gulf Frontage

View Y/N No

View Gulf

Roof Type Built-Up or Flat

Porch Screened Lanai/Porch, Deck

Garage No

Private Pool No

Building

Lot Description Irregular Lot

Sewer Central

Water Central

Others

Tax ID 20-46-23-T3-02900.2040

Ownership Condo

Acceptable Financing Buyer Finance/Cash

Listing Terms Buyer Finance/Cash

Pets Allowed Number Limit

Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2025014414


Listed by Premier Sotheby's Int'l Realty • Jeffrey Burns

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Eric Hollis

Eric Hollis

Agent | License ID: SL3492619

+1(443) 569-9393

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527 E Gulf DR #204