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$1,250,000
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Property Description
Own a Piece of Sanibel History in a PRIME Location! Welcome to a rare opportunity to own one of Sanibel Island's most iconic buildings, beautifully reimagined for modern use while honoring its rich past. This freestanding historic gem, originally built in 1913 and steeped in local history, began life as a Baptist Church before becoming the Sanibel Colored School in 1927. After decades of transformation-from a cherished school to an art gallery, gift shop, and most recently, Lily & Co. Jewelry-this building stands ready for its next chapter. Perfectly positioned in a high-traffic, high-visibility location, this property sits directly across from the upcoming Bailey's Shopping Plaza and adjacent to the popular Doc Ford's Rum Bar & Grille-a hotspot for foot traffic, cyclists, and vehicles alike. Zoned Town Center General-the most flexible zoning available on Sanibel-this space invites a wide range of commercial or creative possibilities: boutique retail, gallery space, café, studio, office, or a unique mixed-use concept. The seller has worked in partnership with the City of Sanibel to fully remediate and modernize the structure while preserving its historical charm. Recent upgrades include: Complete interior demo and rebuild Crawl space filled and reinforced with concrete Brand-new 24-gauge standing seam metal roof Seamless gutters and marine-grade exterior light poles All new drywall, base, casing, and interior doors Cali Longboard vinyl plank flooring throughout Fully updated plumbing and electrical systems Brand-new HVAC and mini-split systems Fresh interior and exterior paint Windows and doors re-caulked and sealed Whether you're an investor, entrepreneur, or visionary seeking a landmark location with story and soul, this one-of-a-kind property offers endless potential in the heart of Sanibel Island. Don't miss your chance to create something truly special-schedule your private tour today.
Full Property Details
Full Property Details for 520 Tarpon Bay Rd
General
- Price: $1,250,000
- Taxes: (2024)
- Status: Active
- Type: Retail
- Source: Bonita_Springs
- MLS ID: 225012975
- Updated: 1/1/2026
- Added to Site: 350 day(s) ago
Business
- Business Type: Commercial Only
Parking
- Total Spaces: 20
Location
- Area: SI01 - Sanibel Island
- County: Lee
- Driving Directions: Causeway to Sanibel. Right on Periwinkle, Left on Tarpon Bay Rd, Property is on the Right.
Heating & Cooling
- Air Conditioning: Yes
Utilities
- Utility Description: Electricity Available, Lift Station, Water Available
Structural Information
- Description/Design: Retail-Commercial: Free Standing Building
- Stories/Levels: 1
- Stories in Building: 1
- Square Feet: 3,624
- Year Built: 1930
Lot Features
- Lot Size (Acres): 0.428
- Lot Size (Sq. Ft.): 18,643
- Lot Size Source: Property Appraiser Office
- Frontage Feet: 125
- Zoning: TCG
Water Features
- Water Front Desc.: None
- Canal Width: None
Financial Considerations
- Price Per Acre: $344
- Assoc Fee Freq.: Annually
- Tax Year: 2024
Disclosures and Reports
- Legal Description: PARL IN N E 1/4 OF S W 1/4 AS DESC IN OR 0819 PG 0807
- Inclusions: Building And Land
- Property ID: 26-46-22-T4-00019.0000
Listed by John R. Wood Properties
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Schools
Schools serving 520 Tarpon Bay Rd
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 | 13.5 mi |
Cypress Lake High School 6750 Panther Lane, Fort Myers, FL 33919 | 9-12 | 13.3 mi |
South Fort Myers High School 14020 Plantation Road, Fort Myers, FL 33912 | 9-12 | 16.1 mi |
Fort Myers High School 2635 Cortez Boulevard, Fort Myers, FL 33901 | 9-12 | 18.3 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 520 Tarpon Bay Rd
Date
Details
Price
Change
Source
1/01/2026
Price Reduced
$1,250,000
-16.67%
MLS
2/02/2025
Listed
$1,500,000
—
MLS
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 520 Tarpon Bay Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,614
-13%
$611,458
-11%
2024
$9,845
24%
$687,723
15%
2023
$7,953
22%
$598,060
27%
2022
$6,498
-4%
$471,992
—
2021
$6,754
—
$470,877
—
2021
$6,754
-16%
$470,335
-13%
2018
$8,038
-12%
$537,923
-9%
2019
$9,140
19%
$591,715
18%
2017
$7,667
3%
$503,306
—
2016
$7,408
12%
$501,625
22%
2015
$6,601
-1%
$412,828
-1%
2014
$6,700
-3%
$415,676
-1%
2013
$6,888
—
$418,525
—
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 520 Tarpon Bay Rd
520 Tarpon Bay Rd, Sanibel, FL 33957 (MLS# 225012975) is a Retail property. 520 Tarpon Bay Rd is currently listed for $1,250,000 and was received on February 02, 2025. Want to learn more about 520 Tarpon Bay Rd? Do you have questions about finding other Retail real estate for sale in Sanibel? You can browse all Sanibel real estate or contact a Coldwell Banker agent to request more information.

