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    2761 W Gulf Dr Sanibel, FL 33957

    New
    For Sale
    $1,795,000

    COMMERCIAL - Sanibel, FL

    Lot size:
    0.50 Acres
    Days on Market:
    1
    Last Refresh:
    Dec 10 at 1:06 pm

    Property Features for 2761 W Gulf Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Brush, Grassed
    APN
    35-46-22-T1-00003.0010
    Lot size
    0.50 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Michael Saunders & Company (941) 639-0000

    Listing agent Evan duPont (239) 462-1817 License #280596826

    Listing date Dec 10, 2025

    MLS# 2025009243 Listing URL

    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

    Sanibel Commercial/Residential Opportunity

    This 0.498-acre parcel, formerly the site of The Sandbar restaurant, presents a commercial and residential opportunity on West Gulf Drive in Sanibel, Florida. The cleared land is located within earshot of the Gulf waves, near the new Shalimar Resort, and a short walk to beach access. It is also a quick bike ride from Bit of Bailey's Grocery and Rosalita's Cantina in the revitalized Rabbit Road Center, and close to the Sanibel Rec Center. The property is across the street from the shared use path. The site is suited for a commercial venture, restaurant, boutique, multi-family development, or private coastal retreat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Nail Salon Building Supply Clothing Store Auto Repair Shop Bar & Pub Hotel & Motel Barber Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanibel
    County
    Lee
    State
    Florida
    Longitude
    -82.087485
    Latitude
    26.42379

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    FAQs

    What type of property is this?
    Commercial land - Rare 0.498 acre commercial/residential parcel on West Gulf Drive.
    Where is this commercial land located?
    The property is located at 2761 W Gulf Dr Sanibel, FL.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: - Rare 1/2 acre commercial/residential opportunity on West Gulf Drive.; - Prime location steps from the beach and the new Shalimar Resort.; - Cleared parcel ready for development.
    (239) 462-1817
    Request Owner's contact information
    2761 W Gulf Dr 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
    2761 W Gulf Dr Sanibel, FL 33957
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