Waterfront Commercial Development
1223 Periwinkle Way Sanibel, Sanibel, FL 33957
For Sale
$2,999,000
Bank-owned parcel with 200 feet of frontage, 2.5+ acres, and rear waterfront along the Sanibel River.
Property SizeContact for details
Days on Market132
Property Features for 1223 Periwinkle Way Sanibel
General Information
Standard status
Taxes and HOA fees
Annual Taxes
Amenities
1
false
2.292
Appraiser
Building Details
Year Built
Stories
Listing Agency:
Herron Real Estate
Listed By:
Dana Fields
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 4
Changed: Nov 10
Last Checked: Oct 7 at 9:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Herron Real Estate
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Investment Insights
Based on property information with market context.
Bank-owned commercial land parcel offering approximately 200 feet of frontage and 2.5+ acres of developable area, with waterfront features. The site includes a scenic central lake and rear frontage along the Sanibel River, creating a defined water-oriented setting within the property.
The property is positioned along Periwinkle Way and is described as zoned General Commercial and D2 Upland Wetland. The former Jacaranda Restaurant and Bar and later Tipsy Turtle are noted as prior uses on the site. Initial assessments cited in the remarks suggest potential for 8–9 residential units, while the zoning also supports a mixed-use approach that combines residential living with a commercial component, with the final residential count dependent on the development footprint.
For development planning, this parcel’s combination of highway frontage, wetlands zoning, and water amenities provides a distinct configuration for prospective buyers and brokers evaluating commercial, mixed-use, or residential redevelopment opportunities.
The property is positioned along Periwinkle Way and is described as zoned General Commercial and D2 Upland Wetland. The former Jacaranda Restaurant and Bar and later Tipsy Turtle are noted as prior uses on the site. Initial assessments cited in the remarks suggest potential for 8–9 residential units, while the zoning also supports a mixed-use approach that combines residential living with a commercial component, with the final residential count dependent on the development footprint.
For development planning, this parcel’s combination of highway frontage, wetlands zoning, and water amenities provides a distinct configuration for prospective buyers and brokers evaluating commercial, mixed-use, or residential redevelopment opportunities.
Key Highlights
- Bank‑owned commercial parcel with 200 feet of frontage on Periwinkle Way
- 2.292‑acre lot (Lot Size Area 2.292; Lot Size Acres 2.292) with waterfront features
- Former site of the Jacaranda Restaurant and Bar and later Tipsy Turtle
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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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Market
Properties on Market for Waterfront Land in Sanibel
Frequently Asked Questions
What type of property is this?
Waterfront Land - Bank-owned parcel with 200 feet of frontage, 2.5+ acres, and rear waterfront along the Sanibel River.
Where is this waterfront land located?
The property is located at 1223 Periwinkle Way Sanibel 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: Bank‑owned commercial parcel with 200 feet of frontage on Periwinkle Way; 2.292‑acre lot (Lot Size Area 2.292; Lot Size Acres 2.292) with waterfront features; Former site of the Jacaranda Restaurant and Bar and later Tipsy Turtle
