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2667 & 2669 Gulf Dr - Caribe Beach Resort 2.86 Acres of Commercial Land Offered at $11,000,000 in Sanibel, FL 33957
Investment Highlights
- 200± fee of pristine Gulf-front shoreline on Sanibel Island
- Ideal for a boutique, high-end condominium developer in a premier coastal location
- Zoning allows up to 14 residential units per the Sanibel Density Map
- A prime canvas to create a signature beachfront destination on Sanibel Island.
Executive Summary
• This remarkable 2.86 +/- acre beach-front property sits along the Gulf of Mexico, boasting 200 feet of pristine white sand beach.
• The 1978 Coastal Construction Line allows 1.7 acre of net buildable land. Per Sanibel Density Map, the property is located in the 5.0 units per acre allowing for development of up to 14 residential units.
• The property presents an exceptional opportunity for a buyer interested in developing a high-end luxury 14-unit condominium project.
• The property is primed for a visionary buyer to create a state-of-the-art destination on Sanibel Island.
THE OPPORTUNITY:
• Poised for a 3-story over parking, 14 unit luxury condominium project.
• The property is located within the Gulf Ridge Eco Zone which allows a maximum impermeable coverage of 25% for building, sidewalks, pool decking, etc.
• Strategically located in close proximity to other notable islands in Southwest Florida, such as Captiva, Pine Island, Fort Myers Beach, and various local attractions such as Captiva, Pine Island, Fort Myers Beach, and various local attractions.
• The 1978 Coastal Construction Line allows 1.7 acre of net buildable land. Per Sanibel Density Map, the property is located in the 5.0 units per acre allowing for development of up to 14 residential units.
• The property presents an exceptional opportunity for a buyer interested in developing a high-end luxury 14-unit condominium project.
• The property is primed for a visionary buyer to create a state-of-the-art destination on Sanibel Island.
THE OPPORTUNITY:
• Poised for a 3-story over parking, 14 unit luxury condominium project.
• The property is located within the Gulf Ridge Eco Zone which allows a maximum impermeable coverage of 25% for building, sidewalks, pool decking, etc.
• Strategically located in close proximity to other notable islands in Southwest Florida, such as Captiva, Pine Island, Fort Myers Beach, and various local attractions such as Captiva, Pine Island, Fort Myers Beach, and various local attractions.
Property Facts
| Price | $11,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 2.86 AC |
| Property Type | Land | ||
| Zoning | Gulf Ridge Eco Zone E-2 5 - Commercial | ||
| Price | $11,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 2.86 AC |
| Zoning | Gulf Ridge Eco Zone E-2 5 - Commercial |
1 Lot Available
Lot
| Price | $11,000,000 | Lot Size | 2.86 AC |
| Price Per AC | $3,846,153.85 |
| Price | $11,000,000 |
| Price Per AC | $3,846,153.85 |
| Lot Size | 2.86 AC |
2.86± acres of Gulf-front property for sale on Sanibel Island.
Bike Score®
Very Bikeable (75)
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