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527 E Gulf Dr 4.52 Acres of Residential Land Offered at $12,000,000 in Sanibel, FL 33957
INVESTMENT HIGHLIGHTS
- Direct frontage on Sanibel’s stunning white-sand beaches
- Currently approved for 14 units
- Over 300 feet of direct Gulf beach frontage
- In the sought-after east side of Sanibel, not far from the causeway access point (shorter driving time on and off-island)
- In the Resort Housing District
EXECUTIVE SUMMARY
Cushman & Wakefield | Commercial Property Southwest Florida is pleased to present this rare opportunity to secure an oceanfront condominium redevelopment site on Sanibel Island in Southwest Florida.
Currently approved for 14 units and in the Resort Housing District, this property represents a blank canvas for astute buyers/developers to capitalize on the prime waterfront location and be a part of Sanibel’s ongoing redevelopment into a world-class tourism destination. Possible uses include condominium redevelopment, hotels/inns or a single-family home.
In addition to tourism, Sanibel is also a destination for permanent and seasonal residents seeking a luxurious island/beach lifestyle similar to locations such as Boca Grande.
Currently approved for 14 units and in the Resort Housing District, this property represents a blank canvas for astute buyers/developers to capitalize on the prime waterfront location and be a part of Sanibel’s ongoing redevelopment into a world-class tourism destination. Possible uses include condominium redevelopment, hotels/inns or a single-family home.
In addition to tourism, Sanibel is also a destination for permanent and seasonal residents seeking a luxurious island/beach lifestyle similar to locations such as Boca Grande.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $12,000,000 | Lot Size | 4.52 AC |
| Price Per AC | $2,654,867.26 |
| Price | $12,000,000 |
| Price Per AC | $2,654,867.26 |
| Lot Size | 4.52 AC |
Cushman & Wakefield | Commercial Property Southwest Florida is pleased to present this rare opportunity to secure an oceanfront condominium redevelopment site on Sanibel Island in Southwest Florida. Lot is 4.52 acres with approved plans.
Bike Score®
Very Bikeable (73)
CONTACTS
-
Lane Boy, CCIM -
Gary Tasman -
Cushman & Wakefield|Commercial Property Southwest
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