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Property Description
There are only a select few offerings along Florida's Gulf Coast that can be described as irreplaceable. This extraordinary bayfront estate on Sanibel Island stands firmly among them. Set on approximately 1.6 acres, this is one of the largest buildable bayfront parcels on Sanibel Island, distinguished not only by its scale, but by its exceptional east-end location near the historic Sanibel Lighthouse. Tucked away at end of private Buttonwood Lane, the property enjoys a rare sense of seclusion while remaining just a short distance to Sanibel's world-renowned white-sand beaches and moments from convenient on-and-off island access. The estate boasts approximately 150 feet of direct bay frontage, where gentle shoreline sands meet the shimmering waters of San Carlos Bay. A new private dock extends gracefully into the bay, offering immediate boating access and an ever-changing panorama of sunrises, passing vessels, and coastal wildlife, also an ideal gateway for boating, paddleboarding or sunset cruises. Beyond its natural beauty, the property's distinction lies in its extraordinary development potential. According to the City of Sanibel Planning Department (Development Permit88-7456), the parcel is allocated three dwelling units within the D2 - Upland Wetlands ecological zone, with a minimum lot size of 15,000 square feet. The generous acreage allows for subdivision into three single-family parcels, presenting a spectrum of possibilities from a legacy bayfront compound to an intimate enclave of luxury residences, or a singular estate of remarkable scale and presence. Opportunities of this caliber, where size, zoning flexibility, waterfront access and historic location converge, are exceedingly rare. Properties like this have not been available for decades, and it is unlikely one will present itself again. This is more than a parcel of land, it is a once-in-a-generation opportunity to reimagine and create something exceptional along the bay on Sanibel Island.
Full Property Details
Full Property Details for 1245 Buttonwood Ln
General
- Price: $10,000,000
- Taxes: (2024)
- Status: Active
- Type: Residential Lots
- Source: Bonita_Springs
- MLS ID: 2026000206
- Updated: 1/6/2026
- Added to Site: 106 day(s) ago
Additional Information
- Shared Amenities: Non-Gated
Exterior
- Exterior Features: Dock
Location
- Area: SI01 - Sanibel Island
- County: Lee
- Subdivision: METES AND BOUNDS
- Building Name: METES AND BOUNDS
- Direction Faces: South
Utilities
- Sewer: Central
- Water: Central
- Utility Description: Other
Structural Information
- Description/Design: Residential Lot
- Current Bldg. Use: Single Family, Other/See Remarks
Lot Features
- Property View: Bay
- Lot Size (Acres): 1.6
- Lot Size (Sq. Ft.): 69,696
- Lot Size Source: Property Appraiser Office
- Frontage: Dead End
- Street/Road Desc.: Gravel
- Irrigation System: Central
- Lot Features: Across From Waterfront, Oversize, See Remarks
- Lot Description: Across From Waterfront, Oversize, See Remarks
Water Features
- Water Front: Yes
- Gulf Access: Yes
- Water Front Desc.: Bay, None/Other
- Canal Width: Canal Width 200+
Financial Considerations
- Price Per Acre: $6,250,000
- Tax Year: 2024
- Terms: Buyer Finance/Cash
Disclosures and Reports
- Legal Description: PAR IN SEC 20 + 21 DESC IN OR1822 PGS2457 + 2455 W OF BUTTONWOOD RD
- Property ID: 21-46-23-T1-00001.0000
- Section: 21
- Block: 1
Listed by Premier Sotheby's Int'l Realty
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Schools
Schools serving 1245 Buttonwood Ln
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
The Sanibel School 3840 Sanibel Captiva Road, Sanibel, FL 33957 | 6-8 | 5.7 mi |
Cypress Lake High School 6750 Panther Lane, Fort Myers, FL 33919 | 9-12 | 9.7 mi |
South Fort Myers High School 14020 Plantation Road, Fort Myers, FL 33912 | 9-12 | 12.4 mi |
Estero High School 21900 River Ranch Road, Estero, FL 33928 | 9-12 | 14.2 mi |
Fort Myers High School 2635 Cortez Boulevard, Fort Myers, FL 33901 | 9-12 | 15.1 mi |
Bonita Springs High School 25592 Imperial Parkway, Bonita Springs, FL 34135 | 9-12 | 16.9 mi |
Dunbar High School 3800 Edison Avenue, Fort Myers, FL 33916 | 9-12 | 17 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1245 Buttonwood Ln
Date
Details
Price
Change
Source
1/05/2026
Listed
$10,000,000
138.87%
MLS
10/27/2008
Sold
$4,186,300
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1245 Buttonwood Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$20,725
—
$1,513,001
3%
2024
$20,725
2%
$1,470,361
3%
2023
$20,369
-33%
$1,427,535
-33%
2021
$30,196
1%
$2,130,238
-3%
2022
$29,889
-1%
$2,194,145
-13%
2021
$30,196
-16%
$2,532,654
4%
2018
$35,862
—
$2,429,552
2%
2017
$35,927
—
$2,379,581
2%
2016
$35,811
—
$2,330,638
-6%
2019
$35,791
-13%
$2,475,713
-5%
2015
$41,362
-3%
$2,618,663
-5%
2014
$42,509
-1%
$2,764,293
5%
2013
$42,749
—
$2,622,804
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1245 Buttonwood Ln
1245 Buttonwood Ln, Sanibel, FL 33957 (MLS# 2026000206) is a Residential Lots property with a lot size of 1.6 acres. 1245 Buttonwood Ln is currently listed for $10,000,000 and was received on January 05, 2026. Want to learn more about 1245 Buttonwood Ln? Do you have questions about finding other Residential Lots real estate for sale in Sanibel? You can browse all Sanibel real estate or contact a Coldwell Banker agent to request more information.

