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$1,095,000
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Property Description
This is an exceptionally rare pre-construction opportunity to secure a Gulf-front residence on Sanibel Island, an offering that has not been seen in decades. New beachfront development on the island is virtually unheard of, making this a moment of true significance for those who understand the long-term value of scarcity, timing, and vision. For the discerning buyer, this is not simply a purchase, but an opportunity to become part of a limited and highly anticipated new coastal enclave before completion, with the ability to shape the final expression of the unit. 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 of construction. This approach provides a level of flexibility rarely available in new development, allowing the future owner to curate every interior detail, from layout refinement and architectural elements to bespoke finishes and materials, resulting in a truly personalized beachfront retreat. Set along a pristine stretch of Sanibel's world-renowned shoreline, the two-bedroom, two-bath residence is thoughtfully designed to capture sweeping, panoramic views of the Gulf. Elevated ceiling heights enhance volume and light, while a dramatic wall of impact-rated glass along the Gulf side frames endless horizons and ever-changing coastal light. Built to the latest construction standards, the residence combines modern resilience with the refined simplicity of contemporary coastal design, offering both beauty and peace of mind in a setting defined by nature. For those seeking even greater scale and customization, an additional and unprecedented opportunity exists to acquire the neighboring residence, Unit 203. Together, the 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 positioned along the perimeter would allow for a grand, light-filled central living and entertaining space, flanked by private, sun-drenched retreats, an exceptionally rare configuration on Sanibel. Located on the island's highly desirable east end, the setting offers both privacy and connection. Scenic bike paths wind through lush natural landscapes, leading to the historic lighthouse, charming boutiques, beloved local dining, and the understated character that has defined Sanibel for generations. This is more than new construction. It is the rare convergence of timing, location, and possibility; an opportunity to secure a Gulf-front residence in its earliest phase, to design a home that reflects your vision, and to establish a lasting coastal legacy in one of Florida's most treasured island communities.
Full Property Details
Full Property Details for 527 E Gulf Dr #204
General
- Price: $1,095,000
- HOA FEE: $575/month
- Taxes: (2024)
- Status: Active
- Type: Single Family
- Source: Bonita_Springs
- MLS ID: 2025014414
- Updated: 2/25/2026
- Added to Site: 146 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, Deck
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: Irregular Lot
- Lot Description: Irregular Lot
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 204
- Property ID: 20-46-23-T3-02900.2040
- Section: 20
- Block: 2900
- Lot Number: 204
Listed by Premier Sotheby's Int'l Realty
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Schools
Schools serving 527 E Gulf Dr #204
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 #204
Date
Details
Price
Change
Source
2/25/2026
Price Increased
$1,095,000
56.65%
MLS
10/09/2025
Listed
$699,000
91.51%
MLS
6/11/1997
Sold
$365,000
—
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 527 E Gulf Dr #204
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,612
-1%
$256,417
—
2024
$3,646
-51%
$256,417
-50%
2023
$7,448
-32%
$517,029
-33%
2021
$10,960
-7%
$769,671
-14%
2022
$11,839
8%
$895,113
18%
2021
$10,960
12%
$760,665
20%
2018
$9,817
3%
$636,351
-8%
2017
$9,557
7%
$692,028
8%
2016
$8,951
-11%
$641,198
-7%
2019
$10,066
32%
$692,028
45%
2015
$7,608
-6%
$478,100
-5%
2014
$8,067
—
$501,600
2%
2013
$8,089
—
$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 #204
527 E Gulf Dr #204, Sanibel, FL 33957 (MLS# 2025014414) is a Single Family property with 2 bedrooms and 2 full bathrooms. 527 E Gulf Dr #204 is currently listed for $1,095,000 and was received on October 09, 2025. Want to learn more about 527 E Gulf Dr #204? 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.

