1640 Periwinkle Way, Sanibel, FL 33957
SINGLE_FAMILY - Sanibel, FL
- Added:
- Jun 18, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 18 at 9:06 pm
Property Features for 1640 Periwinkle Way
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- 25-46-22-T2-00900.0050
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LIME TREE CENTER I COMM CONDO UNIT 5 OR 1267 PG 546
- Tax Annual Amount
- 4345
Building Details
- Year built
- 1978
- Floors in Building
- 1
Listing agent Jeffrey Burns License #280595636 (239) 464-2984
Listing office Premier Sotheby's Int'l Realty 2341 Palm Ridge Road, Sanibel, FL (239) 472-2735
Listing date Jun 18, 2026
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.
HighLights
- Professionally updated corner office condominium in a five‑unit partially elevated building built in 1978
- About 1,200 SF of air‑conditioned space with extra windows for abundant natural light and added privacy at the end of the plaza
- Recent upgrades include a new shingle roof and firewalls between each office condominium
- Layout includes a reception area, three private offices, and a private half bath
- Condo fees are $750/month and include building insurance, water, sewer, trash, and pest control
- Current tenant is on a month‑to‑month lease with stated willingness to renew
Overview
The condominium is located at the end of the plaza, with additional privacy and abundant natural light through extra windows. Convenient parking supports both customer and staff access. The plaza includes a variety of commercial operations, and the property sits just steps from Jerry’s Foods, supporting day-to-day accessibility for island residents and visitors in Sanibel.
For owner-users, the configuration can support a medical or professional practice requiring a reception area and multiple private rooms. For investors, the current tenant is on a month-to-month lease and has expressed willingness to execute a lease renewal. Monthly condominium fees of $750 include building insurance, water, sewer, trash service, and pest control, simplifying ownership-related operating expenses.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.0k | $24.96 |
| − Vacancy | −$2.5k | −$2.05 |
| EGI | $27.5k | $22.91 |
| − OpEx | −$6.9k | −$5.73 |
| NOI | $20.6k | $17.18 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sanibel
- County
- Lee
- State
- Florida
- Longitude
- -82.057959
- Latitude
- 26.442634
