Lot/land

Price cut: $80K (6/4)

$499,000

231 Palm Lake Dr, Sanibel, FL 33957

--beds

--baths

0.36Acres

Unimproved Land

Built in ----

0.36 Acres Lot

$-- Zestimate^®

$--/sqft

$2/mo HOA

What's special

Offering the perfect located lot to build the perfect Sanibel home. This lot borders beautiful Palm Lake, it only 2 lots from West Gulf Drive and a 2 minute walk to the beach via your deeded beach access to Sanibel's beautiful shell strewn beaches. The Palm Lake community is situated just off of West Gulf Drive in Sanibel's peaceful West End. The lot has recently been cleared of a former cottage. The trees and other vegetation remain. The lot is 100' across the front and back and 155' deep-plenty of buildable space for a new Sanibel home. This buildable vacant property has all the components to provide the new owner with the best of Sanibel. It's all about location!

374 days

53

1

Facts & features

Interior

Video & virtual tour

View virtual tour

Property

Features

Has view: Yes
View description: Lake
Has water view: Yes
Water view: Lake
Waterfront features: See Remarks, Near Beach
Frontage length: 100

Lot

Size: 0.36 Acres
Dimensions: 100 x 155
Features: Build to Suit, 100ft or + Front, Regular, Cleared, Irregular Lot

Details

Parcel number: 344622T20080B0100
Zoning: Residential

Utilities & green energy

Sewer: Assessment Paid, Public Sewer
Water: Assessment Paid, Public

Community & HOA

Community

Features: Deeded Beach Access
Subdivision: Palm Lake

HOA

Has HOA: Yes
HOA fee: $25 annually

Location

Region: Sanibel

Financial & listing details

Tax assessed value: $450,713
Annual tax amount: $3,704
Date on market: 8/4/2025
Cumulative days on market: 653 days
Listing terms: BTF/Cash
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$3,576/mo

Price history

Date	Event	Price
6/4/2026	Price change	$499,000-13.8%
Source: Sanibel And Captiva Island AOR #2250813 Report a problem
4/21/2026	Price change	$579,000-2.7%
Source: Sanibel And Captiva Island AOR #2250813 Report a problem
8/4/2025	Listed for sale	$595,000-7.8%
Source: Sanibel And Captiva Island AOR #2250813 Report a problem
8/1/2025	Listing removed	$645,000
Source: Florida Gulf Coast MLS #224086617 Report a problem
1/16/2025	Price change	$645,000-5.1%
Source: Sanibel And Captiva Island AOR #2240728 Report a problem
10/28/2024	Listed for sale	$680,000+719.3%
Source: Sanibel And Captiva Island AOR #2240728 Report a problem
2/11/1999	Sold	$83,000-55.1%
Source: Public Record Report a problem
9/1/1994	Sold	$185,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,300 -10.9%	$272,668 +2.9%
2024	$3,704 +5.3%	$264,983 +3%
2023	$3,518 -8.2%	$257,265 +3%
2022	$3,834 -0.9%	$249,772 +3%
2021	$3,870 +0.9%	$242,497 +1.4%
2020	$3,835 +2%	$239,149 -44.4%
2019	$3,762	$430,395 +87.6%
2018	$3,762 +0.2%	$229,413 +2.1%
2017	$3,754 +0.3%	$224,694 -46.4%
2016	$3,742 +0.7%	$419,300 -1.4%
2015	$3,718 -1.2%	$425,196 +3.9%
2014	$3,765 +0.2%	$409,400 +23.5%
2013	$3,758 +1.7%	$331,507 +12.4%
2012	$3,695 +1.2%	$294,920 -12.5%
2011	$3,651 -0.8%	$337,060 +7.2%
2010	$3,681 +14.9%	$314,459 -16.9%
2009	$3,203 +0.7%	$378,430 -25.6%
2007	$3,179 -2.1%	$508,350 +7.6%
2006	$3,248 -3.9%	$472,460 +34%
2004	$3,380 +21.3%	$352,620 +10.3%
2003	$2,787 +0.7%	$319,560 +14.2%
2002	$2,767	$279,780 +49.6%
2000	--	$187,020