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$1,500,000
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Property Description
A Landmark Reimagined - Rare ½ 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.
Full Property Details
Full Property Details for 2761 W Gulf Dr
General
- Price: $1,500,000
- Taxes: (2024)
- Status: Active
- Type: Acreage
- Source: Bonita_Springs
- MLS ID: 2025009243
- Updated: 1/7/2026
- Added to Site: 228 day(s) ago
Additional Information
- Shared Amenities: Non-Gated
Location
- Area: SI01 - Sanibel Island
- County: Lee
- Subdivision: NUTMEG VILLAGE
- Building Name: NUTMEG VILLAGE
- Direction Faces: North
Community
- Assoc. Fees Include: None
Utilities
- Sewer: Central
- Water: Central
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Structural Information
- Description/Design: Acreage
- Current Bldg. Use: Commercial, Multi_MF, Single Family
Lot Features
- Property View: Landscaped Area
- Lot Size (Acres): 0.498
- Lot Size (Sq. Ft.): 21,692
- Lot Size Source: Property Appraiser Office
- Lot Dimensions: 180 x 180 x 125 x 125
- Frontage Feet: 180
- Street/Road Desc.: Paved
- Road Maintenance: City Maintained
- Irrigation System: None
- Lot Features: Oversize, Build to Suit, Cleared, Filled
- Trees/Vegetation: Brush, Grassed
- Lot Description: Oversize, Build to Suit, Cleared, Filled
Water Features
- Water Front Desc.: None
- Canal Width: None
Financial Considerations
- Price Per Acre: $3,012,048
- Tax Year: 2024
- Terms: Buyer Finance/Cash
Disclosures and Reports
- Legal Description: FR PT OF INTERSECT OF W LI OF SEC 35 + SLY R/W LI OF GULF DR RUN S 81 DEG 18
- Property ID: 35-46-22-T1-00003.0010
- Section: 35
- Block: 3
- Lot Number: 1
Listed by Michael Saunders & Company
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Schools
Schools serving 2761 W Gulf Dr
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
The Sanibel School 3840 Sanibel Captiva Road, Sanibel, FL 33957 | 6-8 | 2.4 mi |
Cypress Lake Middle School 8901 Cypress Lake Drive, Fort Myers, FL 33919 | 6-8 | 14.2 mi |
Cypress Lake High School 6750 Panther Lane, Fort Myers, FL 33919 | 9-12 | 14 mi |
South Fort Myers High School 14020 Plantation Road, Fort Myers, FL 33912 | 9-12 | 16.8 mi |
Fort Myers High School 2635 Cortez Boulevard, Fort Myers, FL 33901 | 9-12 | 19.1 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 2761 W Gulf Dr
Date
Details
Price
Change
Source
1/07/2026
Price Reduced
$1,500,000
-16.43%
MLS
9/06/2025
Listed
$1,795,000
12.61%
MLS
12/21/2012
Sold
$1,594,000
—
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 2761 W Gulf Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,120
—
$434,380
—
2024
$6,146
-8%
$434,380
5%
2023
$6,690
-56%
$412,237
-74%
2021
$15,227
3%
$1,560,904
4%
2022
$14,765
-3%
$1,506,306
39%
2021
$15,227
35%
$1,082,444
105%
2019
$11,247
44%
$528,123
10%
2018
$7,831
-3%
$480,112
-1%
2017
$8,098
-1%
$486,664
—
2016
$8,188
3%
$485,388
3%
2015
$7,967
2%
$469,300
—
2014
$7,785
-2%
$469,647
—
2013
$7,947
—
$469,855
—
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 2761 W Gulf Dr
2761 W Gulf Dr, Sanibel, FL 33957 (MLS# 2025009243) is a Acreage property with a lot size of 0.498 acres. 2761 W Gulf Dr is currently listed for $1,500,000 and was received on September 06, 2025. Want to learn more about 2761 W Gulf Dr? Do you have questions about finding other Acreage real estate for sale in Sanibel? You can browse all Sanibel real estate or contact a Coldwell Banker agent to request more information.

