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Mixed-Use Land for Sale in Sanibel, Florida

2761 W Gulf Dr, Sanibel, FL 33957

$1,795,000
0.5 acres
Active
Est $12,764/mo

A Landmark Reimagined - Rare 1/2 Acre Commercial/Residential Opportunity on West Gulf Drive! Once home to The Sandbar, a beloved island steak and seafood house that embodied Sanibel's "true island environment," this cleared half-acre parcel is now poised for its next chapter. Nestled within earshot of the Gulf waves and with the distinction of a prime island address along prestigious West Gulf Drive, the property presents a rare opportunity to shape the island's future in one of its most coveted settings. The possibilities are as limitless as your vision. Imagine a thriving commercial venture, a welcoming restaurant or boutique, a thoughtfully planned multi-family development, or an exclusive private coastal retreat-this property is the blank canvas to bring those dreams to life. Its location is unmatched: just steps from the brand-new Shalimar Resort, a short stroll to a nearby beach access, a quick bike ride to Bit of Bailey's Grocery and Rosalita's Cantina in the revitalized Rabbit Road Center, within easy reach of the Sanibel Rec Center, and just across the street from the beloved shared use path. Rich in history and alive with potential, this is more than just land-it's an invitation to contribute to Sanibel's ongoing revitalization. Create something meaningful, build lasting value, and leave your legacy on one of Florida's most treasured islands.

Location

Street address
2761 W Gulf Dr
Community
Nutmeg Village
Elevation
16 feet
Coordinates
26.4238, -82.0875

Property details

Lot size
0.498 acres21,693 sq ft
MLS #
FMSW 2025009243
Posted

Property taxes

2024
$6,146 - FR PT OF INTERSECT OF W LI OF SEC 35 + SLY R/W LI OF GULF DR RUN S 81 DEG 18

Parcels

  • 35-46-22-T1-00003.0010

Legal description

Details and features

Listing

Type
Commercial Sale

Lot

Vegetation
Brush, Grassed
Features
Acreage, Cleared, Oversized Lot

Structure

Water
Public
Sewer
Public Sewer

Listing history

DateEventPriceChangeSource
Sept 9, 2025New listing$1,795,000FMSW
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This 0.498-acre property is located at 2761 W Gulf Dr in Sanibel, FL 33957. The property is available for sale for $1,795,000.

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