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$499,000 -$80,000 (-13.82%) Price Reduced

  • For Sale
  • Active
  • Residential Lots
  • 0.363 Acres
  • Updated 6 hours ago
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Offering the perfect located lot to build the perfect Sanibel home. This lot borders beautiful Palm Lake, it only 2 lots from West Gulf Drive and a 2minute walk to the beach via your deeded beach access. The Palm Lake community is situated just off of West Gulf Drive in Sanibel's peaceful West End. The lothas recently been cleared of a former cottage. The trees and other vegetation remain. The lot is 100' across the front and back and 155' deep-plenty of buildablespace for a new Sanibel home. This buildable vacant property has all the components to provide the new owner with the best of Sanibel. It's all about location!

Full Property Details for 231 Palm Lake Dr

General

  • Price: $499,000
  • HOA FEE: $2/month
  • HOA FEE FREQ.: Annually
  • Taxes: (2024)
  • Status: Active
  • Type: Residential Lots
  • Source: Bonita_Springs
  • MLS ID: 2025004330
  • Updated: 6/4/2026
  • Added to Site: 304 day(s) ago

Additional Information

  • Shared Amenities: Beach Access, Lakefront Beach, Non-Gated, Voluntary HOA

Location

  • Area: SI01 - Sanibel Island
  • County: Lee
  • Subdivision: PALM LAKE
  • Building Name: PALM LAKE
  • Driving Directions: Causeway to East Gulf Drive, Right to Palm Lake Drive. 2nd lot in on the left.
  • Direction Faces: South

Community

  • Association: Yes
  • Assoc. Fees Include: None
  • Management Type: None

Utilities

  • Sewer: Assessment Paid, Central
  • Water: Assessment Paid, Central
  • Cable Available: Yes
  • Utility Description: Cable Available, Electricity Available, Sewer Available, Water Available

Structural Information

  • Description/Design: Residential Lot
  • Current Bldg. Use: Single Family

Lot Features

  • Property View: Lake
  • Lot Size (Acres): 0.363
  • Lot Size (Sq. Ft.): 15,812
  • Lot Size Source: Field Measurements
  • Lot Dimensions: 100 x 100 x 155 x 155
  • Frontage: Access Road, Public Road
  • Frontage Feet: 100
  • Irrigation System: Lake/Canal
  • Lot Features: Across From Beach Access, Regular, Cleared
  • Trees/Vegetation: Partially Wooded, Sabal Palms, Brush, See Remarks
  • Lot Description: Across From Beach Access, Regular, Cleared

Water Features

  • Water Front: Yes
  • Water Front Desc.: Lake
  • Lake Front: Yes
  • Canal Width: None

Financial Considerations

  • Price Per Acre: $1,374,655
  • Association Fee: $25
  • Assoc Fee Freq.: Annually
  • Tax Year: 2024
  • Terms: Buyer Finance/Cash

Disclosures and Reports

  • Legal Description: PALM LAKE BLK.B PB 12 PG 146 LOT 10
  • Property ID: 34-46-22-T2-0080B.0100
  • Section: 34
  • Block: B
  • Lot Number: 10

Listed by Royal Shell Real Estate, Inc.

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Listing agent

— 231 Palm Lake Dr —

  • Royal Shell Real Estate, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 231 Palm Lake Dr

School District:Lee County School District, Fort Myers, FL
NameGradesDistance
The Sanibel School
3840 Sanibel Captiva Road, Sanibel, FL 33957
6-82 mi
Cypress Lake Middle School
8901 Cypress Lake Drive, Fort Myers, FL 33919
6-814.4 mi
Cypress Lake High School
6750 Panther Lane, Fort Myers, FL 33919
9-1214.2 mi
South Fort Myers High School
14020 Plantation Road, Fort Myers, FL 33912
9-1217 mi
Fort Myers High School
2635 Cortez Boulevard, Fort Myers, FL 33901
9-1219.2 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 231 Palm Lake Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/04/2026
Price Reduced
$499,000
-13.82%
MLS
4/22/2026
Price Reduced
$579,000
-2.69%
MLS
8/04/2025
Listed
$595,000
—
MLS
Get Price Alerts and Save Property
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 for 231 Palm Lake Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,300
-11%
$272,668
3%
2024
$3,704
5%
$264,983
3%
2023
$3,518
-9%
$257,265
-45%
2021
$3,870
1%
$468,556
88%
2022
$3,834
-1%
$249,772
4%
2021
$3,870
3%
$239,149
4%
2018
$3,754
—
$229,413
-2%
2019
$3,762
1%
$233,772
4%
2017
$3,742
1%
$224,694
2%
2016
$3,718
-1%
$220,072
-48%
2015
$3,765
—
$425,196
4%
2014
$3,758
—
$409,400
23%
2013
$3,763
—
$331,507
—
View All
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 for 231 Palm Lake Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Royal Shell Real Estate, Inc.

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231 Palm Lake Dr, Sanibel, FL 33957 (MLS# 2025004330) is a Residential Lots property with a lot size of 0.363 acres. 231 Palm Lake Dr is currently listed for $499,000 and was received on August 04, 2025. Want to learn more about 231 Palm Lake Dr? 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.

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