Land for Sale in Sanibel, Florida

2669 W Gulf Dr, Sanibel, FL 33957

$11,000,000

2.86 acres

Active sale

4 days ago

Est $75,554/mo

This remarkable 2.86 +/- acre beach-front property sits along the Gulf of Mexico, boasting 200 feet of pristine white sand beach. - The 1978 Coastal Construction Line allows 1.7 acre of net buildable land. Per Sanibel Density Map, the property is located in the 5.0 units per acre allowing for development of up to 14 residential units. - The property presents an exceptional opportunity for a buyer interested in developing a high-end luxury 14-unit condominium project. - The property is primed for a visionary buyer to create a state-of-the-art destination on Sanibel Island. - Poised for a 3-story over parking, 14 unit luxury condominium project. - The property is located within the Gulf Ridge Eco Zone which allows a maximum impermeable coverage of 25% for building, sidewalks, pool decking, etc. - Strategically located in close proximity to other notable islands in Southwest Florida, such as Captiva, Pine Island, Fort Myers Beach, and various local attractions such as Captiva, Pine Island, Fort Myers Beach, and various local attractions.

Location

Street address: 2669 W Gulf Dr
County: Lee County
Community: Caribe Beach Resort Condo Timeshare
Elevation: 26 feet
Coordinates: 26.4229, -82.0853

Land for sale in Florida

Property details

Acreage: 2.86 acres
MLS #: FMSW 2026014295
Posted: Mar 25, 20264 days ago

Property taxes

2025: $16,813

Parcels

35-46-22-T1-02000.01A0

Legal description

CARIBE BEACH RESORT CONDO A TIME-SHARE OR2728 PG2812 UTS 1A THRU SPIN (26 UNITS)

Details and features

Listing

Type: Land

Lot

View: Water
Waterfront: Beach Front
Features: Acreage, Rectangular Lot

Structure

Water: Public
Sewer: Public Sewer

Listing history

Date	Event	Price	Change	Source
Mar 25, 2026	New listing	$11,000,000	—	FMSW

Payment calculator

This 2.86-acre property is located at 2669 W Gulf Dr in Sanibel, FL 33957. The property is available for sale for $11,000,000 with a price per acre of $3,846,154.

Listed by LSI Companies, (239) 489-4066

Checked 2 hours ago — Updated Mar 25, 2026

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