2669 W Gulf Drive, Sanibel, FL 33957

$11,000,000

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List Price
$11,000,000
Status
ACTIVE
Days on Market
168
MLS#
2026014295
Subtype
Land
Acres
2.86
Subdivision
Caribe Beach Resort Condo Timeshare
Neighborhood
Caribe Beach Resort Condo Timeshare
MLS Area Major
SI01 - Sanibel Island

Property Description

• 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. • 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.

Additional Information

Amenities
None, Beach Access
Taxes
$16,812
Zoning
0000
Air Conditioning
See Remarks
View
Gulf, Water

Listing Courtesy of LSI Companies Inc.

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Calculator source: Real Geeks