527 E Gulf DR #203, Sanibel, FL 33957
527 E Gulf DR #203, Sanibel, FL 33957
527 E Gulf DR #203, Sanibel, FL 33957
11
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$1,095,000
Est. payment /mo
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2 Beds
2 Baths
986 SqFt
New

527 E Gulf DR #203 Sanibel, FL 33957

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Branly Hernandez

Branly Hernandez

+1(786) 942-7380

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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 2026044079

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 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.

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, Patio

Garage No

Private Pool No

Building

Lot Description Across From Waterfront

Sewer Central

Water Central

Others

Tax ID 20-46-23-T3-02900.2030

Ownership Condo

Acceptable Financing Buyer Finance/Cash

Listing Terms Buyer Finance/Cash

Pets Allowed Number Limit

Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026044079

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

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Branly Hernandez

Branly Hernandez

Real Estate Specialist License ID: 3413728

+1(786) 942-7380

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527 E Gulf DR #203