2480 Library WAY

About this Property

$150K+ IN POTENTIAL GROSS INCOME—AND AN ISLAND LIFESTYLE TO MATCH! Own something truly different on Sanibel: an exceptional property that combines luxury residential living, commercial space, and the opportunity for multiple income streams. Live here, work here, invest here—bring your vision and put this remarkable property to work! Zoned TCL, this versatile mixed-use setting opens the door to possibilities for entrepreneurs, artists, and buyers seeking a flexible island lifestyle. Imagine a boutique, creative studio, office, or private gym and wellness concept with curated membership, subject to applicable approvals. With approximately 500 square feet of commercial space featuring hardwood floors, expansive windows, a half bath, and an accessible ramp, your next chapter has a place to begin. And the residence? Far beyond ordinary. Four thoughtfully designed levels offer beautiful gathering spaces, vaulted ceilings, rich wood flooring, and abundant natural light. Exceptional millwork, impact windows and doors, Hardie board siding, and Brazilian hardwood and composite decking reflect the quality throughout. The chef-inspired kitchen pairs Sub-Zero and Wolf appliances with beautifully designed cabinetry that works as well as it looks. The fourth-floor VIP suite is a standout, while the rooftop sun deck delivers bay breezes, water glimpses, and the perfect place to unwind. Outside, a 40-foot heated saltwater pool and high-efficiency propane spa bring the vacation feeling home. Morning swim, afternoon bike ride, sunset on the rooftop—this is how you do Sanibel!For the investment-minded buyer, the combination of residential rental potential and commercial space makes this an exciting opportunity to explore, including as a potential 1031 exchange acquisition. Enjoy the property yourself, pursue income opportunities, or create a live-work arrangement that fits your goals. All of this in a highly walkable island location, with restaurants, shops, banks, the post office, and daily conveniences steps away—and beaches, bike paths, and kayaking close at hand. Luxury, flexibility, income potential, and Sanibel charm in one compelling package. If you’ve been waiting for an island property with something extra, this is your cue. Bring your ideas. Make your move. Buy Now, Brag Later!

Listing Details

MLS #

2026048098

Board

Southwest Florida

Market

florida

Property Type

Residential

Style

Single Family Residence

Year Built

1989

Garage Spaces

2

Parking Spaces

2

Heating

Central Electric, Propane, Zoned

Cooling

Ceiling Fan(s), Central Electric, Gas - Propane, Zoned

Pool

Pool/Spa Combo, Below Ground, Concrete, Custom Upgrades, Equipment Stays, Gas Heat, Lap, See Remarks

Lot Size

84 × 124 ft

Annual Taxes

$7,837/yr

Listed By

Royal Shell Real Estate, Inc.

Listed On

November 15, 2026

Features & Extras