$1,500,000
$295K PRICE DROP

2761 W Gulf Dr Sanibel, FL 33957

Sanibel Area

Estimated payment $8,661/month

Total Views 5,223
0.5 Acre
$3,012,048 Price per Acre
21,693 Sq Ft Lot

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.

Listing Agent

Evan duPont

Michael Saunders & Company License #280596826 Listed on: 09/06/2025

Michael Saunders & Company

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

Property Details

Property Type

Land

Est. Annual Taxes

$6,146

Lot Details

0.5 Acres

Listing Details

  • Property Sub Type: Acreage
  • Prop. Type: Land
  • Lot Size Acres: 0.498
  • Lot Size: 180 x 125 x 180 x 125
  • Road Surface Type: Paved
  • Subdivision Name: NUTMEG VILLAGE
  • Property Sub Type Additional: Acreage
  • Exposures: South
  • Special Features: VirtualTour

Exterior Features

  • Lot Features: Cleared, Oversized Lot, Acreage
  • Topography: Filled
  • View: Landscaped
  • Waterfront Features: None
  • Waterfront: No
  • Direction Faces: North
  • Property Condition: To Be Built

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No

Fee Information

  • Association Fee Includes: None

Lot Info

  • Current Use: Commercial, Multi-Family, Single Family
  • Parcel #: 35-46-22-T1-00003.0010

Tax Info

  • Tax Annual Amount: 6146.22
  • Tax Block: 3
  • Tax Lot: 1
  • Tax Year: 2024

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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 -- --
Source: Florida Gulf Coast Multiple Listing Service

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
Source: Public Records

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: Public Records

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 2025009243

Florida Gulf Coast Multiple Listing Service

APN: 35-46-22-T1-00003.0010

Your Personal Tour Guide

Ask me questions while you tour the home.