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.
New construction
$1,095,000
527 E Gulf Dr Unit 203, Sanibel, FL 33957
2beds
986sqft
Condominium
Built in 1978
-- sqft lot
$1,020,500 Zestimate®
$1,111/sqft
$575/mo HOA
What's special
Two-bedroom two-bath residenceElevated ceiling heightsPrivate sun-drenched retreats
- 491 days
- 94
- 2
Zillow last checked:
Listing updated:
Listed by:
Jeff Burns 239-464-2984,
Premier Sotheby's Int'l Realty,
Tiffany Burns 239-464-2984,
Premier Sotheby's Int'l Realty
Source: Sanibel And Captiva Island AOR,MLS#: 2250591
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Other Add Agt Note, See Remarks
Heating
- Central
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Other, See Remarks
Features
- Elevator
- Flooring: Other, See Remarks
- Has fireplace: No
Interior area
- Total structure area: 1,102
- Total interior livable area: 986 sqft
Property
Parking
- Parking features: Assigned, Under Bldg
Features
- Pool features: Community
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Beach Front, Gulf, See Remarks
Details
- Parcel number: 204623T3029002030
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- CBS, See Remarks
Condition
- Under Construction
- New construction: Yes
- Year built: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: None/Not Applicable
HOA
- Has HOA: Yes
- Amenities included: Deeded Beach Access, Elevator(s), Pool, See Remarks
- Services included: Elevator, Exter Pest Control, Maintenance Structure, Insurance, Landscape/Lawn, Legal and Accounting, Parking, Pool Service
- HOA fee: $575 monthly
- HOA phone: 239-472-5020
Location
- Region: Sanibel
Financial & listing details
- Price per square foot: $1,111/sqft
- Tax assessed value: $256,417
- Annual tax amount: $7,448
- Date on market: 4/24/2025
- Cumulative days on market: 492 days
- Listing terms: BTF/Cash
- Lease term: 1 WK 7 Day Min Rental,Weekly
Estimated market value
$1,020,500
$969,000 - $1.07M
$4,193/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/25/2026 | Price change | $1,095,000+82.8%$1,111/sqft |
Source: | ||
| 1/30/2026 | Price change | $599,000-14.3%$608/sqft |
Source: | ||
| 5/15/2025 | Price change | $699,000-6.7%$709/sqft |
Source: | ||
| 4/24/2025 | Listed for sale | $749,000$760/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,631 -0.4% | $256,417 |
| 2024 | $3,646 -51.1% | $256,417 -50.4% |
| 2023 | $7,448 +28.7% | $517,029 +11.7% |
| 2022 | $5,788 -0.9% | $462,794 +3% |
| 2021 | $5,842 +0.4% | $449,315 +1.4% |
| 2020 | $5,820 +1.7% | $443,111 -36% |
| 2019 | $5,723 | $692,028 +62.8% |
| 2018 | $5,723 -0.1% | $425,073 +2.1% |
| 2017 | $5,728 +0.4% | $416,330 -35.1% |
| 2016 | $5,704 -1.9% | $641,198 +34.1% |
| 2015 | $5,815 -0.1% | $478,100 -4.7% |
| 2014 | $5,820 -0.4% | $501,600 +1.8% |
| 2013 | $5,845 +2.2% | $492,600 -3.3% |
| 2012 | $5,717 +1.8% | $509,400 +7.4% |
| 2011 | $5,618 -1% | $474,300 -1.8% |
| 2010 | $5,675 +6.8% | $483,100 -2% |
| 2009 | $5,314 +5.5% | $493,100 -22.7% |
| 2008 | $5,038 -1% | $638,000 -5.5% |
| 2007 | $5,089 -2.6% | $675,000 -6.3% |
| 2006 | $5,225 -5% | $720,000 +20% |
| 2004 | $5,502 +1.8% | $600,000 |
| 2003 | $5,404 -1% | $600,000 |
| 2002 | $5,460 | $600,000 +64.4% |
| 2000 | -- | $365,000 |
Find assessor info on the county website
Monthly payment
Est. payment






