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New construction
  • $1,095,000

    527 E Gulf Dr Unit 203, Sanibel, FL 33957

    2beds
    986sqft
    : 
    $7,420/mo
    Get pre-qualified
    Condominium
    Built in 1978
    -- sqft lot
    $1,011,600 Zestimate®
    $1,111/sqft
    $575/mo HOA

    What's special

    Two-bedroom two-bath residenceElevated ceiling heightsPrivate sun-drenched retreats
    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.
    490 days
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    96
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    3
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    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#: 2250591MLS Logo

      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: 491 days
      • Listing terms: BTF/Cash
      • Lease term: 1 WK 7 Day Min Rental,Weekly

        Estimated market value

        $1,011,600

        $961,000 - $1.06M

        $4,193/mo

        Price history

        DateEventPrice
        2/25/2026Price change$1,095,000+82.8%$1,111/sqft
        Source: Sanibel And Captiva Island AOR #2250591 Report a problem
        1/30/2026Price change$599,000-14.3%$608/sqft
        Source: Sanibel And Captiva Island AOR #2250591 Report a problem
        5/15/2025Price change$699,000-6.7%$709/sqft
        Source: Sanibel And Captiva Island AOR #2250591 Report a problem
        4/24/2025Listed for sale$749,000$760/sqft
        Source: Sanibel And Captiva Island AOR #2250591 Report a problem

        Public tax history

        YearProperty taxesTax 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

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        Payment breakdown

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        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

        8 / 100
        Car-Dependent

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