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  • $1,500,000

    2761 W Gulf Dr, Sanibel, FL 33957

    --beds
    --baths
    0.5Acres
    : 
    $9,282/mo
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    Unimproved Land
    Built in ----
    0.5 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    352 days
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    30
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    Zillow last checked:

    Listing updated:

    Listed by:

    Evan duPont 239-462-1817,

    Michael Saunders & Company

    Source: Florida Gulf Coast MLS,MLS#: 2025009243MLS LogoOriginating MLS: Florida Gulf Coast

      Facts & features

      Interior

      Video & virtual tour

      Property

      Features
      • Has view: Yes
      • View description: Landscaped
      • Waterfront features: None
      Lot
      • Size: 0.5 Acres
      • Dimensions: 180 x 125 x 180 x 125
      • Features: Cleared, Oversized Lot, Acreage
      • Topography: Filled
      • Residential vegetation: Brush, Grassed
      Details
      • Parcel number: 354622T100003.0010
      • Lease amount: $0

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available

      Community & HOA

      Community
      • Features: Non-Gated
      • Condo and coop fee: $0
      • Membership fee: $0
      • Subdivision: NUTMEG VILLAGE
      HOA
      • Services included: None
      Location
      • Region: Sanibel

      Financial & listing details

      • Annual tax amount: $6,146
      • Date on market: 9/6/2025
      • Cumulative days on market: 284 days
      • Listing terms: All Financing Considered,Cash
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        1/7/2026Price change$1,500,000-16.4%
        Source: Florida Gulf Coast MLS #2025009243 Report a problem
        9/6/2025Listed for sale$1,795,000
        Source: Florida Gulf Coast MLS #2025009243 Report a problem
        7/29/2025Listing removed$1,795,000
        Source: Florida Gulf Coast MLS #223014525 Report a problem
        1/19/2024Price change$1,795,000-10%
        Source: Sanibel And Captiva Island AOR #2230274 Report a problem
        6/5/2023Price change$1,995,000-4.8%
        Source: Sanibel And Captiva Island AOR #2230274 Report a problem
        3/29/2023Price change$2,095,000-4.6%
        Source: Sanibel And Captiva Island AOR #2230274 Report a problem
        2/23/2023Listed for sale$2,195,000+9.8%
        Source: Florida Gulf Coast MLS #223014525 Report a problem
        5/16/2022Sold$2,000,000+12.7%
        Source: Agent Provided Report a problem
        7/21/2008Listing removed$1,775,000
        Source: NCI #COMMERCIAL Report a problem
        6/12/2008Listed for sale$1,775,000
        Source: NCI #COMMERCIAL Report a problem
        5/6/2008Listing removed$1,775,000
        Source: NCI #COMMERCIAL Report a problem
        3/6/2008Price change$1,775,000+1.4%
        Source: NCI #COMMERCIAL Report a problem
        2/15/2008Price change$1,750,000-7.7%
        Source: NCI #COMMERCIAL Report a problem
        2/1/2008Listed for sale$1,895,000
        Source: NCI #COMMERCIAL Report a problem

        Public tax history

        Tax history is unavailable.

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 33957

        Getting around

        10 / 100
        Car-Dependent
        71 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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