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Property Description
Position your business or investment in a professionally updated office condominium located in one of Sanibel's most active commercial districts. This corner office condominium is one of only two commercial units in the plaza offering the largest floor plan, with approximately 1,200 square feet of air-conditioned space within a five-unit, partially elevated building that has been recently renovated with a new shingle roof and firewalls between each office condominium. Located at the end of the plaza, the corner location provides additional privacy, abundant natural light through extra windows and convenient parking for customers and staff. The current layout includes a reception area, three private offices and a private half bath, offering flexibility for a variety of professional and service-oriented businesses. Just steps from Jerry's Foods, this highly visible mid-island location benefits from consistent local traffic and convenient accessibility for island residents and visitors. The plaza has historically accommodated a diverse mix of successful businesses, including accounting, chiropractic, veterinary, wellness, real estate and vacation rental operations. For investors, the current tenant is on a month-to-month lease and has expressed willingness to execute a lease renewal, creating a potential opportunity for immediate income. Monthly condominium fees of $750 include building insurance, water, sewer, trash service and pest control, helping simplify ownership and operating expenses. Whether seeking a space for your professional service or medical business, a satellite office or income-producing investment, this office condominium offers a flexible floor plan, established commercial presence and a central Sanibel location.
Full Property Details
Full Property Details for 1640 Periwinkle Way #5
General
- Price: $369,000
- Taxes: (2025)
- Status: Active
- Type: Warehouse
- Source: Bonita_Springs
- MLS ID: 2026026479
- Updated: 6/18/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Commercial Only
Location
- Area: SI01 - Sanibel Island
- County: Lee
Structural Information
- Description/Design: Industrial: Office Showroom, Office: Condominium, Office: Medical Offices, Office: Office Building, Office: Warehouse, Retail-Commercial: Other, Special Purpose: Healthcare
- Stories/Levels: 1
- Stories in Building: 1
- Year Built: 1978
Lot Features
- Lot Size (Acres): 0.142
- Lot Size (Sq. Ft.): 6,185
- Lot Size Source: Property Appraiser Office
Water Features
- Water Front Desc.: None
- Canal Width: None
Financial Considerations
- Price Per Acre: $306
- Assoc Fee Freq.: Annually
- Tax Year: 2025
Disclosures and Reports
- Legal Description: LIME TREE CENTER I COMM CONDO UNIT 5 OR 1267 PG 546
- Inclusions: Other See Remarks
- Property ID: 25-46-22-T2-00900.0050
Listed by Premier Sotheby's Int'l Realty
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Schools
Schools serving 1640 Periwinkle Way #5
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
The Sanibel School 3840 Sanibel Captiva Road, Sanibel, FL 33957 | 6-8 | 3.6 mi |
Cypress Lake High School 6750 Panther Lane, Fort Myers, FL 33919 | 9-12 | 11.8 mi |
South Fort Myers High School 14020 Plantation Road, Fort Myers, FL 33912 | 9-12 | 14.6 mi |
Estero High School 21900 River Ranch Road, Estero, FL 33928 | 9-12 | 16.3 mi |
Fort Myers High School 2635 Cortez Boulevard, Fort Myers, FL 33901 | 9-12 | 17 mi |
Bonita Springs High School 25592 Imperial Parkway, Bonita Springs, FL 34135 | 9-12 | 18.7 mi |
Dunbar High School 3800 Edison Avenue, Fort Myers, FL 33916 | 9-12 | 19 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 1640 Periwinkle Way #5
Date
Details
Price
Change
Source
6/18/2026
Listed
$369,000
135.78%
MLS
12/19/2011
Sold
$156,500
—
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 1640 Periwinkle Way #5
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,345
57%
$211,728
10%
2024
$2,763
-17%
$192,480
-16%
2023
$3,347
-8%
$230,285
-10%
2021
$3,649
-11%
$257,014
-22%
2022
$4,106
13%
$328,978
44%
2021
$3,649
26%
$229,207
19%
2018
$2,890
-2%
$192,480
—
2017
$2,957
-5%
$192,480
-9%
2019
$3,122
4%
$211,728
10%
2016
$3,009
1%
$192,480
4%
2015
$2,973
2%
$185,500
3%
2014
$2,905
—
$180,000
—
2013
$2,892
—
$180,000
—
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 1640 Periwinkle Way #5
1640 Periwinkle Way #5, Sanibel, FL 33957 (MLS# 2026026479) is a Warehouse property. 1640 Periwinkle Way #5 is currently listed for $369,000 and was received on June 18, 2026. Want to learn more about 1640 Periwinkle Way #5? Do you have questions about finding other Warehouse real estate for sale in Sanibel? You can browse all Sanibel real estate or contact a Coldwell Banker agent to request more information.

