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    1223 Periwinkle Way Sanibel, FL 33957
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    Property profile & analytics

    1223 Periwinkle Way, Sanibel, FL 33957

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    • Turn key restaurants
    • 7,050 SF
    • 2.29 lot acres
    Waterfront Commercial Land Parcel For Sale
    $2,999,000
    2.29 Acres

    Waterfront Commercial Land Parcel

    Commercial land with substantial frontage and waterfront features, zoned for General Commercial and D2 Upland Wetland.

    1223 Periwinkle Way, Sanibel, FL 33957
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    Property ID
    US18-4355508
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tipsy Turtle Restaurant & Bar / Restaurant

    Property Details for 1223 Periwinkle Way

    Year built
    1963
    Construction
    FRAME
    Lot size
    2.29 lot acres
    Property type
    Turn key restaurants
    APN
    19-46-23-T3-00014.0010
    APU
    194623T3000140010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 19, 2025 $500,100 Sanibel Captiva Community Bank Alexandre Alves Trust Deed · related —
    Dec 26, 2019 — 1223 Periwinkle Way LLC — Deed · related $200k · Sanibel Captiva Cmnty Bk
    Oct 2, 2018 — 1223 Periwinkle Way LLC — Trustees Deed · related $300k · Sanibel Captiva Cmnty Bk
    Jun 22, 2018 $3,000,000 1223 Periwinkle Way LLC Darayes S Mobed Warranty Deed —
    Aug 1, 2005 $1,800,000 Darayes S Mobed Gap Ents LLC Warranty Deed $1.8M · Sanibel Captiva Community Bank
    — — 1223 Periwinkle Way LLC — Loan Modification · related $200k · Sanibel Captiva Cmnty Bk
    — — Gap Enterprise LLC — Deed Of Trust · related $150k · Sanibel Captiva Community Bank
    — — Gap Enterprises LLC — Deed Of Trust · related $1.2M · Sanibel Captiva Community Bank
    — — Gap Ents LLC — Deed Of Trust · related $100k · Sanibel Captiva Community Bank

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Sanibel
    County
    Lee
    State
    Florida
    Longitude
    -82.0463
    Latitude
    26.4439
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $37,948
    $2,525,952
    $10
    $2,525,962
    -
    $2,525,952
    $10
    $2,525,962
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    More about this property
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