527 Gulf DR

About this Property

This is a rare pre-construction opportunity to purchase in one of Sanibel Island’s first new Gulf-front condominium developments in decades. The existing building will be demolished, and a brand-new structure will be built to current codes and construction standards. Positioned on a prime stretch of Sanibel’s Gulf shoreline, this two-bedroom, two-bath residence will offer panoramic Gulf views, elevated ceiling heights, and a full wall of impact-rated glass along the waterfront. Built to modern structural standards, the new development will be one of the very few condos built to current hurricane ratings, designed for durability, safety, and low-maintenance coastal living. The current owners are conveying their share in the association and will pay the $440,000 assessment at closing. Upon completion of the building construction, the residence will be delivered in “white box” condition, allowing the new owner to fully customize the interior layout, finishes, and final design. An additional opportunity exists to purchase the neighboring unit, 204.Together, the two mirror-image top-floor residences could be combined into an approximately 2,000-square-foot, custom penthouse with four bedrooms and four baths—an uncommon configuration on Sanibel. Located on Sanibel’s desirable east end, the property offers convenient access to bike paths, the historic lighthouse, local shops, dining, and the island’s renowned beaches. This is a unique chance to secure new Gulf-front construction and tailor a beachfront residence to your exact specifications. Once the construction is complete, there will be nothing comparable on the island.

Listing Details

MLS #

2026044079

Board

Southwest Florida

Market

florida

Property Type

Residential

Style

Low Rise (1-3)

Year Built

1978

Heating

Central Electric

Cooling

Central Electric

Pool

Community

Annual Taxes

$3,646/yr

Maint. Fee

$6,900/mo

Listed By

Premier Sotheby's Int'l Realty

Listed On

October 22, 2026

Features & Extras