Waterfront Commercial
For Sale
$2,999,000
1223 Periwinkle Way, Sanibel, FL 33957
CommercialSale, Sanibel, FL
Property SizeContact for details
Lot Size2.29 Acres
Days on Market541
Property Features for 1223 Periwinkle Way
General Information
Property type
Commercial Sale
Property subtype
Retail
Subdivision
SI01 - Sanibel Island
Standard status
Active
APN
19-46-23-T3-00014.0010
Lot size
2.29 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PAR DESC IN OR 1071 PG 103
Tax Annual Amount
42202
Legal Description
PAR DESC IN OR 1071 PG 103
Building Details
Year built
1963
Floors in Building
1
Listing Agency:
Premier Sotheby's Int'l Realty
(239) 472-2735
Listed By:
Jeffrey Burns · License #280595636
(239) 464-2984
Added: May 6, 2025
Changed: Oct 10
Last Checked: Oct 28 at 3:06PM
MLS# 225044961
Copyright © 2026 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.
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Investment Insights
Based on property information with market context.
This commercial land parcel at 1223 Periwinkle Way includes 200 feet of frontage along Sanibel’s principal commercial corridor. The site is designated General Commercial and D2 Upland Wetland, with zoning that supports commercial or mixed-use development concepts.
Water features distinguish the property, including a central lake and rear frontage on the Sanibel River. The parcel previously accommodated Jacaranda Restaurant and Bar and later operated as the Tipsy Turtle, providing established commercial history at the site. Its Sanibel location and waterfront setting create a foundation for evaluating future commercial, residential, hospitality, or mixed-use plans, subject to applicable approvals.
Water features distinguish the property, including a central lake and rear frontage on the Sanibel River. The parcel previously accommodated Jacaranda Restaurant and Bar and later operated as the Tipsy Turtle, providing established commercial history at the site. Its Sanibel location and waterfront setting create a foundation for evaluating future commercial, residential, hospitality, or mixed-use plans, subject to applicable approvals.
Key Highlights
- 200 feet of frontage along Periwinkle Way
- General Commercial and D2 Upland Wetland zoning
- Central lake located within the property
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
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Business Placement
Demographics for 33957, FL
6,382
Population
8,525
Households
0.7
Avg Household Size
68
Median Age
62%
College-Educated
99%
High-School Grad
16.2 sq mi
ZIP Area
394
Density / Sq Mi
$122,730
Median Household Income
$44,840
Median Earnings
$747
Median Rent
$912,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - General Commercial and D2 Upland Wetland zoning supports commercial or mixed-use redevelopment concepts.
Where is this commercial land located?
The property is located at 1223 Periwinkle Way Sanibel, FL.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: 200 feet of frontage along Periwinkle Way; General Commercial and D2 Upland Wetland zoning; Central lake located within the property
