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527 E Gulf Drive Unit 203, Sanibel, FL 33957

$1,095,000
: 2
BD
: 2
BA
: 986
SqFt

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List Price: $1,095,000
Status: ACTIVE
MLS#: 2026044079
Bedrooms: 2
Bathrooms: 2
Living Area: 986
Development: Gulf Beach Condo
Subdivision: Gulf Beach Condo

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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.

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Additional Information

Taxes: $3,645
Building Design: Low Rise (1-3)
Year Built: 1978
Community Type: Elevator, Non-Gated
Construction: Other
Living Area: 986
Acres: 0.21
Interior Features: Living/Dining Room, Other, See Remarks
Amenities: Beach Rights, Beach Access, Pool, Management
Cooling: Central Air, Electric
Heating: Central, Electric
Flooring: Other
Exterior Features: Other, Patio
View: Gulf
Waterfront: Yes
Waterfront Description: Gulf, Across the Road Water Frontage
Water: Public
Sewer: Public Sewer
Pool Description: Community
Pets: Conditional