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Sanibel Beachfront Development Opportunity 555 E Gulf Dr 31 Unit Apartment Building $9,200,000 ($296,774/Unit) Sanibel, FL 33957
Investment Highlights
- Only a short walk to the historic Sanibel Island Lighthouse.
- Less than 5 miles to the Bailey-Matthews National Shell Museum
- Direct Gulf-front setting combined with quick access to Periwinkle Way. The beach is only steps away to go shelling.
- Ideal location for vacation rentals, timeshares, condos
Executive Summary
This Sanibel Beachfront Development Opportunity is 3.84 acres (includes all deeded parcels). The buildable acreage is 1.97± acres (includes 1.64 acre lot and 0.327 acres across the street). Electric/Water/Sewer are hook up ready and available utilities on the property. Zoning is E-2/Gulf Beach Ridge and Land Use is Resort Housing District. Whether utilized as a vacation retreat, condominiums, timeshares, investment property, or build your permanent residence, this property offers an opportunity to experience the best of island living in one of Southwest Florida’s most iconic beach destinations … Sanibel Island! Just three miles off the coast of Fort Myers, Sanibel and Captiva Islands offer one of Florida’s most unforgettable vacation or living experiences. This property was formerly the Surfrider Beach Club (31 Unit Timeshares).
Property Facts
| Price | $9,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $296,774 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.84 AC |
| No. Units | 31 | Building Size | 15,000 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1978 |
| Zoning | E-2 - E-2/Gulf Beach Ridge | Land Use: Resort Housing District | ||
| Price | $9,200,000 |
| Price Per Unit | $296,774 |
| Sale Type | Investment |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.84 AC |
| Building Size | 15,000 SF |
| No. Stories | 2 |
| Year Built | 1978 |
| Zoning | E-2 - E-2/Gulf Beach Ridge | Land Use: Resort Housing District |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-46-23-T3-02200.1010 | Improvements Assessment | $4,916,910 |
| Land Assessment | $0 | Total Assessment | $4,916,910 |
Property Taxes
Parcel Number
20-46-23-T3-02200.1010
Land Assessment
$0
Improvements Assessment
$4,916,910
Total Assessment
$4,916,910
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Sanibel Beachfront Development Opportunity | 555 E Gulf Dr
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