527 E Gulf DR #203, Sanibel, FL 33957
527 E Gulf DR #203, Sanibel, FL 33957
527 E Gulf DR #203, Sanibel, FL 33957
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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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Bent Danholm

Bent Danholm

+1(407) 288-0704

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 986 sqft

Price per Sqft $1,110

Subdivision Gulf Beach Condo

MLS Listing ID 2026044079

Style Other,Low Rise

Bedrooms 2

Full Baths 2

Construction Status Known Damage

HOA Fees $575/mo

HOA Y/N Yes

Annual Recurring Fee 6900.0

Year Built 1978

Annual Tax Amount $3,645

Tax Year 2024

Lot Size 8,999 Sqft

Acres 0.2066

Lot Dimensions Appraiser

Property Sub-Type Condominium

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 brand-new structure will be built to current codes and construction standards. Positioned 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 very few condos built to current hurricane ratings, designed for durability, safety, and low-maintenance coastal living. The current 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. Located 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

Community Gulf Beach Condo

Area Si01 - Sanibel Island

Direction North

Rooms

Bedroom Description 2 Bed

Interior

Interior Features Living/ Dining Room, Other, See Remarks

Heating Central, Electric

Cooling Central Air, Electric

Flooring Other

Furnishings Unfurnished

Fireplace No

Window Features Other

Exterior

Exterior Feature Other, Patio

Pool Community

Community Features Elevator, Non- Gated

Utilities Available Cable Available

Amenities Available Beach Rights, Beach Access, Pool, Management

Waterfront Description Gulf, Across the Road Water Frontage

View Y/N Yes

Water Access Desc Public

View Gulf

Roof Type Built- Up, Flat

Porch Lanai, Patio, Porch, Screened

Garage No

Private Pool No

Building

Dwelling Type Low Rise

Faces North

Story 2

Sewer Public Sewer

Water Public

Architectural Style Other, Low Rise

Unit Floor 2

Structure Type Other

Construction Status Known Damage

Others

Pets Allowed Conditional

HOA Fee Include Other

Senior Community No

Tax ID 20-46-23-T3-02900.2030

Ownership Condo

Acceptable Financing All Financing Considered, Cash

Disclosures Owner Has Flood Insurance

Listing Terms All Financing Considered, Cash

Pets Allowed Conditional

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

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

NEARBY SCHOOL & BUSINESS

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Bent Danholm

Bent Danholm

Broker License ID: BK3590420

+1(407) 288-0704

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527 E Gulf DR #203

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