Beachfront Multifamily Redevelopment
For Sale
$5,999,000
1801 Olde Middle Gulf Drive, Sanibel, FL 33957
Beachfront land with a preserved pool shell and access to Gulf of Mexico frontage for multifamily redevelopment.
Property SizeContact for details
Lot Size2.54 Acres
Days on Market865
Property Features for 1801 Olde Middle Gulf Drive
General Information
Standard status
Active
Lot size
2.54 Acres
Property subtype
Lots/Land
Zoning
D-1, E-2, A
Taxes and HOA fees
Annual Taxes
$9,985
Listing Agency:
Premier Sotheby's Int'l Realty
(239) 472-2735
Listed By:
Jeffrey Burns · License #280595636
(239) 464-2984
Source:
Exitrealty
Added: May 27, 2024
Changed: Oct 3
Last Checked: Oct 4 at 6:38AM
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 Premier Sotheby's Int'l Realty
Investment Insights
Based on property information with market context.
This parcel represents the former Clamshell condominium complex, originally comprised of six units along the beach and Gulf of Mexico. The buildings have been taken down, and while the pool has been removed, the pool shell remains on site. The property offers approximately 300 feet of beach frontage and is zoned multifamily, with listed zoning categorizations of D-1 (Lowlands Wetland Zone), E-2 (Gulf Beach Ridge), and A (Gulf Beach Zone).
The site is located on Sanibel Island and is described as being between the condominium complexes of Sand Dollar and Signal Inn, with proximity to an 18-hole golf course, shops, restaurants, resorts, and Sanibel’s scenic bike paths. The property’s beach setting provides direct Gulf of Mexico access, and the redevelopment will be centered on restoring or reimagining beach-oriented improvements.
For developers and investors seeking a waterfront project, this is a ground-up redevelopment opportunity on a multifamily-zoned beach parcel. With existing pool infrastructure remaining in the form of the pool shell and a long stretch of beach frontage, the site is well suited for planning new beach-facing residential development. Buyers should review the applicable on-site zoning categorizations (D-1, E-2, and A) as part of their entitlement and design process.
The site is located on Sanibel Island and is described as being between the condominium complexes of Sand Dollar and Signal Inn, with proximity to an 18-hole golf course, shops, restaurants, resorts, and Sanibel’s scenic bike paths. The property’s beach setting provides direct Gulf of Mexico access, and the redevelopment will be centered on restoring or reimagining beach-oriented improvements.
For developers and investors seeking a waterfront project, this is a ground-up redevelopment opportunity on a multifamily-zoned beach parcel. With existing pool infrastructure remaining in the form of the pool shell and a long stretch of beach frontage, the site is well suited for planning new beach-facing residential development. Buyers should review the applicable on-site zoning categorizations (D-1, E-2, and A) as part of their entitlement and design process.
Key Highlights
- Former Clamshell condominium complex site with 6 units previously on the property
- 300 ft of beach frontage with Gulf of Mexico access
- Approximately 2.54 acres of land for multifamily redevelopment
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
70
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?
Waterfront Land - Beachfront land with a preserved pool shell and access to Gulf of Mexico frontage for multifamily redevelopment.
Where is this waterfront land located?
The property is located at 1801 Olde Middle Gulf Drive Sanibel, FL.
What is the asking price?
The asking price for this property is $5,999,000.
What are key features of this property?
This property features: Former Clamshell condominium complex site with 6 units previously on the property; 300 ft of beach frontage with Gulf of Mexico access; Approximately 2.54 acres of land for multifamily redevelopment
