Rare opportunity offered on Lighthouse Way. One of Sanibel’s most premier East End streets, this property presents an opportunity to create a custom waterfront residence in a location where finished homes consistently command top-tier value. Just minutes to the Gulf with deep-water, direct-access boating, the property features a seawall, generous dock area, a 16,000-lb boat lift, and two additional davits. A boater’s dream setup seldom available on the East End. The home offers all-concrete block construction on both the first and second floors, providing a solid structural base for future plans. A new $90,000 commercial-grade standing-seam metal roof and fascia are already in place, representing a significant investment and a meaningful head start for the next owner. Outdoor elements include a pool and spa, mature tropical landscaping, and space for outdoor living and entertaining. This East End location allows for easy on-and-off island access, avoiding mid-island traffic, while remaining within walking distance to the Sanibel Lighthouse, beaches, restaurants, shops, and local favorites. This is a rare chance to secure a Lighthouse Way address with direct Gulf access and build or renovate to suit your vision. Owner financing available.
Sold for $1,530,000
$1,530,000
505 Lighthouse Way, Sanibel, FL 33957
4beds
3,000sqft
Single Family Residence
Built in 1965
0.31 Acres Lot
$1,529,500 Zestimate®
$510/sqft
$6,898 Estimated rent
Home value
$1,529,500
$1.36M - $1.71M
$6,898/mo
Zestimate® history
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$10,462/mo
Est. payment
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List your homeWhat's special
Pool and spaGenerous dock areaWaterfront residenceMinutes to the gulfDeep-water direct-access boatingMature tropical landscapingTwo additional davits
Zillow last checked:
Listing updated:
Listed by:
Gregory Demaras 917-837-7009,
Pfeifer Realty Group LLC
Bought with:
OTHER OTHER
Other
Source: Sanibel And Captiva Island AOR,MLS#: 2260154
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Rooms
- Room types: Florida Room, Kitchen, Laundry, Other Add Agt Note, See Remarks
Heating
- Central
Cooling
- Central Air, Other, See Remarks
Appliances
- Included: Other, See Remarks
- Laundry: Laundry Room
Features
- High Ceilings
- Flooring: Tavertine
- Doors: French Doors
- Windows: Casement
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Total structure area: 3,759
- Total interior livable area: 3,000 sqft
Property
Parking
- Total spaces: 2
- Parking features: Double Garage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Open Porch, Patio
- Exterior features: Boat Lift, Davits, Dock, Electric at Dock, Water at Dock
- Has private pool: Yes
- Pool features: In Ground, Equipment Stays, Private
- Spa features: Spa
- Has view: Yes
- View description: Canal
- Has water view: Yes
- Water view: Canal
- Waterfront features: Canal Salt, Navigable Water, No Bridge, Seawall, Beach Access, Gulf Access, Near Beach
- Frontage length: 100
Lot
- Size: 0.31 Acres
- Features: Bulkhead/Seawall, Cul-De-Sac
Details
- Parcel number: 204623T2015000280
- Other equipment: Irrigation Equipment
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block, Stucco
- Roof: Metal
Condition
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public, Irrigation System
Community & HOA
Community
- Features: Deeded Beach Access, Gulf Access, Restricted Rentals
- Subdivision: Sanibel Estates
HOA
- Has HOA: Yes
- HOA fee: $500 annually
- HOA phone: 239-233-2976
Location
- Region: Sanibel
Financial & listing details
- Price per square foot: $510/sqft
- Tax assessed value: $1,256,872
- Annual tax amount: $11,135
- Date on market: 2/4/2026
- Cumulative days on market: 145 days
- Listing terms: BTF/Cash
- Lease term: Month To Month
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Sold | $1,530,000-9.3%$510/sqft |
Source:  Sanibel And Captiva Island AOR #2260154 Report a problem | ||
| 5/18/2026 | Pending sale | $1,687,000$562/sqft |
Source:  Florida Gulf Coast MLS #2026005751 Report a problem | ||
| 5/18/2026 | Contingent | $1,687,000$562/sqft |
Source: Sanibel And Captiva Island AOR #2260154 Report a problem | ||
| 2/4/2026 | Listed for sale | $1,687,000-0.7%$562/sqft |
Source: Florida Gulf Coast MLS #2026005751 Report a problem | ||
| 1/24/2026 | Listing removed | $1,699,000$566/sqft |
Source: Sanibel And Captiva Island AOR #2251179 Report a problem | ||
| 1/7/2026 | Listed for sale | $1,699,000$566/sqft |
Source: Sanibel And Captiva Island AOR #2251179 Report a problem | ||
| 11/30/2025 | Listing removed | $1,699,000$566/sqft |
Source: Sanibel And Captiva Island AOR #2251179 Report a problem | ||
| 11/27/2025 | Listed for sale | $1,699,000-27.7%$566/sqft |
Source: Sanibel And Captiva Island AOR #2251179 Report a problem | ||
| 5/23/2023 | Listing removed | -- |
Source: Sanibel And Captiva Island AOR #2230353 Report a problem | ||
| 5/8/2023 | Listed for sale | $2,349,500$783/sqft |
Source: Sanibel And Captiva Island AOR #2230353 Report a problem | ||
| 5/3/2023 | Pending sale | $2,349,500$783/sqft |
Source: Sanibel And Captiva Island AOR #2230353 Report a problem | ||
| 4/4/2023 | Price change | $2,349,500-5.1%$783/sqft |
Source: Sanibel And Captiva Island AOR #2230353 Report a problem | ||
| 3/12/2023 | Listed for sale | $2,475,000+264%$825/sqft |
Source: Sanibel And Captiva Island AOR #2230353 Report a problem | ||
| 9/16/1999 | Sold | $680,000$227/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,135 +1.9% | $782,606 +2% |
| 2024 | $10,932 +4.4% | $766,954 +3.9% |
| 2023 | $10,473 +7.5% | $738,398 +3% |
| 2022 | $9,740 -4.6% | $716,891 +3% |
| 2021 | $10,206 -0.6% | $696,011 +1.4% |
| 2020 | $10,263 +1.7% | $686,401 -29.9% |
| 2019 | $10,096 | $978,694 +48.6% |
| 2018 | $10,096 +0.1% | $658,458 +2.1% |
| 2017 | $10,083 0% | $644,915 -24.1% |
| 2016 | $10,087 +0.4% | $849,872 -22.3% |
| 2015 | $10,045 -1.7% | $1,093,846 +54.2% |
| 2014 | $10,223 -0.1% | $709,201 +11.4% |
| 2013 | $10,237 +1.7% | $636,495 -33.3% |
| 2012 | $10,064 +1.4% | $953,992 -11.5% |
| 2011 | $9,922 -0.7% | $1,078,469 +0.7% |
| 2010 | $9,994 +9.4% | $1,070,920 -12% |
| 2009 | $9,138 +5.3% | $1,217,200 -3.9% |
| 2007 | $8,676 -7.6% | $1,266,210 +19.3% |
| 2006 | $9,393 +1.1% | $1,061,150 +56.1% |
| 2004 | $9,291 +1.5% | $679,660 -0.2% |
| 2003 | $9,151 +6.2% | $680,970 -0.2% |
| 2002 | $8,617 | $682,150 +50.4% |
| 2000 | -- | $453,540 |
Find assessor info on the county website
Neighborhood: 33957
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Nearby schools
GreatSchools rating
- 10/10The Sanibel SchoolGrades: PK-8Distance: 5.5 mi
- 5/10Cypress Lake High SchoolGrades: 9-12Distance: 9.9 mi
- 2/10South Fort Myers High SchoolGrades: 9-12Distance: 12.6 mi
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- Florida
- Lee County
- Sanibel
- 33957
- 505 Lighthouse Way
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