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$1,095,000
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Property Description
This is a rare and compelling opportunity to be part of one of Sanibel Island's newest Gulf-front condominium developments, an offering that has not been seen on the island in decades. For discerning buyers who value both legacy and vision, this pre-construction phase presents an extraordinary chance to secure a residence in a truly limited and highly anticipated new coastal community. Set along a pristine stretch of Sanibel's world-renowned shoreline, this two-bedroom, two-bath residence will capture sweeping panoramic views of the Gulf, where endless horizons and ever-changing light define the daily experience. Designed to reflect the refined simplicity of modern coastal living, the condominium will feature elevated ceiling heights, a dramatic wall of impact-rated glass along the Gulf side, and construction to the latest standards, bringing both beauty and peace of mind in a setting shaped by nature. What distinguishes this offering is its exceptional flexibility. The current owners are conveying their share in the association and will satisfy the $440,000 assessment at closing, delivering the residence to the next owner in "white box" condition upon completion. This allows the new owner to curate every interior detail, from materials and finishes to layout and design, creating a fully bespoke beachfront retreat tailored to individual taste and lifestyle. For those seeking scale and customization, an additional and unprecedented opportunity exists to acquire the neighboring residence, Unit 204. Together, the two mirror-image units present the potential to create a custom top-floor penthouse encompassing nearly 2,000 square feet, with four bedrooms and four baths. Bedrooms can be positioned along the perimeter, allowing for a grand, light-filled central living and entertaining space framed by private, sun-drenched retreats, an exceptionally rare configuration on Sanibel. Here, mornings begin with golden light across the Gulf, afternoons unfold along celebrated shelling beaches, and evenings are defined by the rhythm of the tides and moonlit waters. Located on Sanibel's desirable east end, the community offers access to scenic bike paths, the historic lighthouse, charming boutiques, local dining, and the timeless island lifestyle that has drawn generations to its shores. Enjoy the natural beauty, low-density character, and quiet sophistication that define Sanibel, enhanced by the comfort, resilience, and modern elegance of new construction. This is more than an investment in real estate, it is an opportunity to shape your own coastal legacy.
Full Property Details
Full Property Details for 527 E Gulf Dr #203
General
- Price: $1,095,000
- HOA FEE: $575/month
- Taxes: (2024)
- Status: Active
- Type: Single Family
- Source: Bonita_Springs
- MLS ID: 225041540
- Updated: 2/25/2026
- Added to Site: 313 day(s) ago
Rental Information
- Lease/Rent Term: 7
- Min. Lease (Days): 7
Interior
- Interior Features: Common Elevator, Other
- Appliances: Other
- Furnishings: Unfurnished
- Flooring: Other
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Primary Bathroom: See Remarks
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Dining Room: Dining - Living
Additional Information
- Shared Amenities: Beach Access, Pool, Non-Gated
Exterior
- Porch/Patio/Deck: Screened Lanai/Porch, Patio
Location
- Area: SI01 - Sanibel Island
- County: Lee
- Subdivision: GULF BEACH CONDO
- Building Name: GULF BEACH CONDO
- Direction Faces: North
Community
- Association: Yes
- Units Assoc/Comm: 14
- Pets Allowed: Yes
- Number of Pets: 2
- Management Type: Professional
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Electric
- Heating Type: Central Electric
Utilities
- Sewer: Central
- Water: Central
- Cable Available: Yes
- Utility Description: Cable Available
Structural Information
- Description/Design: Low Rise (1-3)
- Roof: Built-Up or Flat
- Windows: Other
- Entry Floor Number: 2
- Stories/Levels: 2
- Stories in Building: 2
- Square Feet: 986
- Sq. Ft. Source: Property Appraiser Office
- Living Area: 986 Sq. Ft.
- Year Built: 1978
- Other Struct. Feat.: Elevator
Lot Features
- Property View: Gulf
- Lot Size (Acres): 0.2066
- Lot Size (Sq. Ft.): 8,999
- Lot Size Source: Property Appraiser Office
- Irrigation System: Central
- Lot Features: Across From Waterfront
- Lot Description: Across From Waterfront
Water Features
- Water Front: Yes
- Water Front Desc.: Gulf Frontage
- Canal Width: None
Financial Considerations
- Association Fee: $575
- Assoc Fee Freq.: Monthly
- Tax Year: 2024
- Terms: Buyer Finance/Cash
Disclosures and Reports
- Ownership: Condo
- Legal Description: GULF BEACH CONDO OR 1279 PG 727 APT 203
- Property ID: 20-46-23-T3-02900.2030
- Section: 20
- Block: 2900
- Lot Number: 203
Listed by Premier Sotheby's Int'l Realty
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Schools
Schools serving 527 E Gulf Dr #203
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
The Sanibel School 3840 Sanibel Captiva Road, Sanibel, FL 33957 | 6-8 | 5.5 mi |
Cypress Lake Middle School 8901 Cypress Lake Drive, Fort Myers, FL 33919 | 6-8 | 10.4 mi |
Cypress Lake High School 6750 Panther Lane, Fort Myers, FL 33919 | 9-12 | 10.2 mi |
South Fort Myers High School 14020 Plantation Road, Fort Myers, FL 33912 | 9-12 | 12.8 mi |
Fort Myers High School 2635 Cortez Boulevard, Fort Myers, FL 33901 | 9-12 | 15.6 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 527 E Gulf Dr #203
Date
Details
Price
Change
Source
2/25/2026
Price Increased
$1,095,000
82.8%
MLS
1/30/2026
Price Reduced
$599,000
-14.31%
MLS
5/15/2025
Price Reduced
$699,000
-6.68%
MLS
4/25/2025
Listed
$749,000
—
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 527 E Gulf Dr #203
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,612
-1%
$256,417
—
2024
$3,646
-51%
$256,417
-50%
2023
$7,448
27%
$517,029
-33%
2021
$5,842
1%
$769,671
66%
2022
$5,788
-1%
$462,794
4%
2021
$5,842
2%
$443,111
4%
2018
$5,728
—
$425,073
-2%
2019
$5,723
—
$433,149
4%
2017
$5,732
—
$416,330
2%
2016
$5,704
-2%
$407,767
-15%
2015
$5,815
—
$478,100
-5%
2014
$5,820
—
$501,600
2%
2013
$5,845
—
$492,600
—
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 527 E Gulf Dr #203
527 E Gulf Dr #203, Sanibel, FL 33957 (MLS# 225041540) is a Single Family property with 2 bedrooms and 2 full bathrooms. 527 E Gulf Dr #203 is currently listed for $1,095,000 and was received on April 25, 2025. Want to learn more about 527 E Gulf Dr #203? 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.

