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    1551 Periwinkle Way Sanibel, FL 33957

    For Sale
    $5,500,000

    SINGLE_FAMILY - Sanibel, FL

    Type:Retail
    Lot size:
    3.00 Acres
    Days on Market:
    106
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 1551 Periwinkle Way

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    30-46-23-T1-00004.0020
    Lot size
    3.00 Acres

    Building Details

    Year built
    1985
    Floors in Building
    1

    Kingfisher Real Estate, Inc. (239) 898-3778 [email protected]

    Listing agent Phaidra McDermott (239) 898-3778 License #280500222

    Listing date Aug 22, 2025

    Copyright © 2025 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Property on Periwinkle

    This commercial property, originally constructed in 1985 and reconfigured in 1997, features over 12,000 square feet of developed space. The elevated building, previously operated as a shopping center and later as a restaurant and retail space, offers easy access for both vendors and consumers. Situated on 3 acres, the property provides privacy and green space. The zoning is General Commercial, with permissible uses including retail stores, professional services, financial institutions, and specialized retail such as art galleries, books, and pet stores. The offering includes the real estate only and fixtures affixed to the walls or ceiling.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Traders Gift Shop Traders Restaurant on Sanibel Restaurant

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Building Supply Auto Repair Shop Gym & Fitness Clothing Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sanibel
    County
    Lee
    State
    Florida
    Longitude
    -82.055338
    Latitude
    26.441465

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    FAQs

    What type of property is this?
    Shopping center - Commercial property with excellent exposure and road frontage on 3 acres.
    Where is this shopping center located?
    The property is located at 1551 Periwinkle Way Sanibel, FL.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - Prime commercial property on Periwinkle with excellent exposure and over 200ft of road frontage.; - Over 12,000 sq ft of developed space with easy access.; - Located on 3 acres, providing privacy and green space.
    (239) 898-3778
    Request Owner's contact information
    1551 Periwinkle Way Sanibel, FL 33957
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    Sanibel, FL 33957
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1551 Periwinkle Way Sanibel, FL 33957
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