2761 W Gulf Dr Sanibel, FL 33957
Sanibel AreaEstimated payment $8,661/month
Highlights
- Oversized Lot
- Home to be built
- Brush Vegetation
- The Sanibel School Rated A-
About This Lot
A Landmark Reimagined – Rare 1⁄2 Acre Commercial/Residential Opportunity on West Gulf Drive! Once home to The Sandbar, a beloved island steak and seafood house that embodied Sanibel’s “true island environment,” this cleared half-acre parcel is now poised for its next chapter. Nestled within earshot of the Gulf waves and with the distinction of a prime island address along prestigious West Gulf Drive, the property presents a rare opportunity to shape the island’s future in one of its most coveted settings. The possibilities are as limitless as your vision. Imagine a thriving commercial venture, a welcoming restaurant or boutique, a thoughtfully planned multi-family development, or an exclusive private coastal retreat—this property is the blank canvas to bring those dreams to life. Its location is unmatched: just steps from the brand-new Shalimar Resort, a short stroll to a nearby beach access, a quick bike ride to Bit of Bailey’s Grocery and Rosalita’s Cantina in the revitalized Rabbit Road Center, within easy reach of the Sanibel Rec Center, and just across the street from the beloved shared use path. Rich in history and alive with potential, this is more than just land—it’s an invitation to contribute to Sanibel’s ongoing revitalization. Create something meaningful, build lasting value, and leave your legacy on one of Florida’s most treasured islands.
Property Details
Property Type
- Land
Est. Annual Taxes
- $6,146
Lot Details
- 21,693 Sq Ft Lot
- Lot Dimensions are 180 x 125 x 180 x 125
- Home has North and South Exposure
- Brush Vegetation
- Oversized Lot
- Cleared Lot
Home Design
- Home to be built
Utilities
- Phone Available
- Cable TV Available
Community Details
- Nutmeg Village Subdivision
Listing and Financial Details
- Legal Lot and Block 1 / 3
- Assessor Parcel Number 35-46-22-T1-00003.0010
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,120 | $434,380 | $434,380 | |
| 2024 | $6,690 | $434,380 | $434,380 | $10 |
| 2023 | $6,690 | $412,237 | $412,227 | $10 |
| 2022 | $14,765 | $702,932 | $0 | $0 |
| 2021 | $15,227 | $1,560,904 | $763,635 | $797,269 |
| 2020 | $12,117 | $1,082,444 | $519,464 | $562,980 |
| 2019 | $11,247 | $994,669 | $474,604 | $520,065 |
| 2018 | $7,831 | $480,112 | $325,785 | $154,327 |
| 2017 | $8,098 | $486,664 | $325,785 | $160,879 |
| 2016 | $8,188 | $485,388 | $332,326 | $153,062 |
| 2015 | $7,967 | $469,300 | $339,853 | $129,447 |
| 2014 | -- | $469,647 | $340,004 | $129,643 |
| 2013 | -- | $469,855 | $340,015 | $129,840 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/07/2026 01/07/26 | Price Changed | $1,500,000 | -16.4% | -- |
| 09/06/2025 09/06/25 | For Sale | $1,795,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,000,000 | Naumann Law Pa | |
| Corporate Deed | $1,594,000 | Barrier Island Title Service | |
| Corporate Deed | $1,800,000 | Heights Title Services Llc |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,470,000 | Construction | |
| Previous Owner | $1,440,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $1,280,000 | Commercial |
Source: Florida Gulf Coast Multiple Listing Service
MLS Number: 2025009243
APN: 35-46-22-T1-00003.0010
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Ask me questions while you tour the home.