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$1,595,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 3 Full Baths
  • 1,972 Sq. Ft.
  • Updated 4 days ago
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$150K in potential gross income! Discover one of Sanibel's most unique mixed-use opportunities, a rare property that seamlessly combines residential living with a fully functional commercial space. Zoned TCL, this versatile setting is ideal for entrepreneurs, artists, boutique retail, a private gym or wellness studio with curated membership, or anyone seeking a flexible live-work lifestyle in the heart of the island. The craftsmanship is exceptional, featuring beautiful millwork, impact windows and doors, Hardie board siding, and Brazilian hardwood and composite decking for lasting durability and timeless appeal. Inside, four levels of thoughtfully designed living space offer excellent flow, vaulted ceilings, rich wood flooring, and abundant natural light throughout. The chef-inspired kitchen showcases Sub-Zero and Wolf appliances with beautifully designed, highly functional cabinetry. The fourth-floor VIP suite is truly remarkable, while the rooftop sun deck captures bay breezes and water glimpses. Outdoor living continues with a 40-foot heated saltwater pool and high-efficiency propane spa for year-round enjoyment. The approximately 500-square-foot commercial space features hardwood floors, expansive windows, a half bath, and handicap-accessible ramp - perfect for a boutique, studio, office, or customer-facing business. Beyond the commercial use, the residential component offers strong income potential, creating multiple revenue streams within one property. This is a great rental income investment and or 1031 Exchange property!All of this is set in a highly walkable location just steps from restaurants, shops, banks, the post office, beaches, bike paths, kayaking, and daily conveniences - a rare opportunity blending lifestyle, flexibility, quality, and compelling investment value in one of Sanibel's most desirable locations.

Full Property Details for 2480 Library Way

General

  • Price: $1,595,000
  • Taxes: (2024)
  • Status: Active
  • Type: Single Family
  • Source: Bonita_Springs
  • MLS ID: 2025019853
  • Updated: 2/26/2026
  • Added to Site: 89 day(s) ago

Rental Information

  • Lease/Rent Term: 30
  • Min. Lease (Days): 30

Interior

  • Interior Features: Split Bedrooms, Great Room, Exercise Room, Guest Bath, Guest Room, Recreation Room, Workshop, Bar, Other, Pantry, Vaulted Ceiling(s), Volume Ceiling
  • Appliances: Gas Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator/Freezer, Washer, Water Treatment (Owned)
  • Furnished: Yes
  • Furnishings: Furnished
  • Flooring: Wood

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Primary Bathroom: Dual Sinks, See Remarks, Separate Tub And Shower

Bedrooms

  • Total Bedrooms: 3
  • Primary Bedroom: Master BR Sitting Area, Master BR Upstairs

Other Rooms

  • Kitchen: Kitchen Island, Pantry
  • Dining Room: Breakfast Bar, Eat-in Kitchen
  • Laundry: Washer/Dryer Hookup, Inside

Additional Information

  • Shared Amenities: Bike And Jog Path, See Remarks, No Subdivision, Non-Gated
  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: In Ground, Concrete, Custom Upgrades, Equipment Stays, Gas Heat, Lap, See Remarks
  • Spa: Yes
  • Spa Description: Above-Ground, In Ground, Concrete, Equipment Stays, Heated (Gas), Integrated with Pool
  • Security/Safety: Smoke Detector(s), Smoke Detectors

Exterior

  • Exterior Features: Awning(s), Balcony, Courtyard, Outdoor Shower, Automatic Sprinkler, Storage
  • Porch/Patio/Deck: Open Porch/Lanai, Deck, Patio

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Parking Features: 2+ Spaces, Covered, Guest, Load Space, Under Bldg Closed, Wheelchair Access, Garage Door Opener, Attached

Location

  • Area: SI01 - Sanibel Island
  • County: Lee
  • Subdivision: PALM RIDGE
  • Building Name: PALM RIDGE
  • Direction Faces: West

Community

  • Assoc. Fees Include: None
  • Units Assoc/Comm: 1
  • Pets Allowed: Yes
  • Management Type: None

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Central Electric, Gas - Propane, Zoned
  • Heating Type: Central Electric, Propane, Zoned

Utilities

  • Gas: Propane
  • Sewer: Central, Private Sewer
  • Water: Central
  • Utility Description: Propane, Cable Not Available, Natural Gas Available

Structural Information

  • Architectural Style: Florida, See Remarks, Traditional
  • Description/Design: Single Family Residence
  • Exterior Const.: Elevated, Piling, Wood Frame, Stucco
  • Roof: Metal
  • Windows: Impact Resistant, Jalousie, Sliding, Impact Resistant Windows, Window Coverings
  • Doors: Impact Resistant Doors
  • Stories/Levels: 4
  • Stories in Building: 4
  • Square Feet: 1,972
  • Sq. Ft. Source: Property Appraiser Office
  • Living Area: 1,972 Sq. Ft.
  • Year Built: 1989

Additional Structures

  • Other Structures: Guest House

Lot Features

  • Property View: Landscaped Area, Partial Bay, Preserve
  • Lot Size (Acres): 0.24
  • Lot Size (Sq. Ft.): 10,454
  • Lot Size Source: Property Appraiser Office
  • Lot Dimensions: 84 x 81 x 124 x 124
  • Frontage: Public Road
  • Frontage Feet: 84
  • Street/Road Desc.: Paved
  • Road Maintenance: City Maintained
  • Fence: Yes
  • Irrigation System: Central, None
  • Lot Features: Regular
  • Zoning: TCL
  • Lot Description: Regular
  • Fencing (Description): Fenced

Water Features

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

Financial Considerations

  • Tax Year: 2024
  • Terms: Buyer Finance/Cash

Disclosures and Reports

  • Ownership: Single Family
  • Legal Description: PALM RIDGE RE-SUB BLK C PB 28 PG 55 LOT 5
  • Property ID: 26-46-22-T2-0030C.0050
  • Section: 26
  • Block: C
  • Lot Number: 5

Listed by Royal Shell Real Estate, Inc.

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Listing agent

— 2480 Library Way —

  • 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 2480 Library Way

School District:Lee County School District, Fort Myers, FL
NameGradesDistance
The Sanibel School
3840 Sanibel Captiva Road, Sanibel, FL 33957
6-82.3 mi
Cypress Lake Middle School
8901 Cypress Lake Drive, Fort Myers, FL 33919
6-813.2 mi
Cypress Lake High School
6750 Panther Lane, Fort Myers, FL 33919
9-1213.1 mi
South Fort Myers High School
14020 Plantation Road, Fort Myers, FL 33912
9-1215.9 mi
Fort Myers High School
2635 Cortez Boulevard, Fort Myers, FL 33901
9-1218.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2480 Library Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/20/2026
Price Reduced
$1,595,000
-3.33%
MLS
1/29/2026
Price Reduced
$1,650,000
-5.71%
MLS
12/04/2025
Listed
$1,750,000
141.38%
MLS
6/25/2021
Sold
$725,000
—
Public Record
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 2480 Library Way

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,801
—
$594,780
—
2024
$7,837
31%
$593,221
32%
2023
$5,967
-16%
$451,082
-9%
2021
$7,073
-24%
$493,517
-31%
2022
$9,298
31%
$711,296
165%
2021
$7,073
118%
$268,794
7%
2019
$3,240
—
$250,074
3%
2018
$3,241
—
$243,954
-4%
2017
$3,244
5%
$252,969
9%
2016
$3,104
-3%
$231,586
—
2015
$3,193
-15%
$232,636
—
2014
$3,775
-28%
$233,683
-26%
2013
$5,232
—
$317,479
—
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.

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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

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Listed by Royal Shell Real Estate, Inc.

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2480 Library Way, Sanibel, FL 33957 (MLS# 2025019853) is a Single Family property with 3 bedrooms and 3 full bathrooms. 2480 Library Way is currently listed for $1,595,000 and was received on December 04, 2025. Want to learn more about 2480 Library Way? Do you have questions about finding other Single Family 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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