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New construction
  • $1,095,000

    527 E Gulf Dr Unit 204, Sanibel, FL 33957

    2beds
    986sqft
    : 
    $7,420/mo
    Get pre-qualified
    Condominium
    Built in 1978
    -- sqft lot
    $1,001,500 Zestimate®
    $1,111/sqft
    $575/mo HOA

    What's special

    Direct gulf frontSleek modern finishesPrivate sun-drenched retreats
    This is an exceptionally rare pre-construction opportunity to secure a Gulf-front residence on Sanibel Island, an offering that has not been seen in decades. New beachfront development on the island is virtually unheard of, making this a moment of true significance for those who understand the long-term value of scarcity, timing, and vision. For the discerning buyer, this is not simply a purchase, but an opportunity to become part of a limited and highly anticipated new coastal enclave before completion, with the ability to shape the final expression of the unit. 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 of construction. This approach provides a level of flexibility rarely available in new development, allowing the future owner to curate every interior detail, from layout refinement and architectural elements to bespoke finishes and materials, resulting in a truly personalized beachfront retreat. Set along a pristine stretch of Sanibel’s world-renowned shoreline, the two-bedroom, two-bath residence is thoughtfully designed to capture sweeping, panoramic views of the Gulf. Elevated ceiling heights enhance volume and light, while a dramatic wall of impact-rated glass along the Gulf side frames endless horizons and ever-changing coastal light. Built to the latest construction standards, the residence combines modern resilience with the refined simplicity of contemporary coastal design, offering both beauty and peace of mind in a setting defined by nature. For those seeking even greater scale and customization, an additional and unprecedented opportunity exists to acquire the neighboring residence, Unit 203. Together, the 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 positioned along the perimeter would allow for a grand, light-filled central living and entertaining space, flanked by private, sun-drenched retreats, an exceptionally rare configuration on Sanibel. Located on the island’s highly desirable east end, the setting offers both privacy and connection. Scenic bike paths wind through lush natural landscapes, leading to the historic lighthouse, charming boutiques, beloved local dining, and the understated character that has defined Sanibel for generations. This is more than new construction. It is the rare convergence of timing, location, and possibility; an opportunity to secure a Gulf-front residence in its earliest phase, to design a home that reflects your vision, and to establish a lasting coastal legacy in one of Florida’s most treasured island communities.
    498 days
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    96
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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#: 2250561MLS 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
      • 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
      Details
      • Parcel number: 204623T3029002040

      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
      • 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: 4/15/2025
      • Cumulative days on market: 321 days
      • Listing terms: BTF/Cash
      • Lease term: 1 WK 7 Day Min Rental,Weekly

        Estimated market value

        $1,001,500

        $951,000 - $1.05M

        $4,193/mo

        Price history

        DateEventPrice
        2/25/2026Price change$1,095,000+56.7%$1,111/sqft
        Source: Sanibel And Captiva Island AOR #2250561 Report a problem
        5/14/2025Price change$699,000-6.7%$709/sqft
        Source: Sanibel And Captiva Island AOR #2250561 Report a problem
        4/15/2025Listed for sale$749,000+105.2%$760/sqft
        Source: Sanibel And Captiva Island AOR #2250561 Report a problem
        6/11/1997Sold$365,000$370/sqft
        Source: Public Record 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 -37.1%$517,029 -38.9%
        2022$11,839 +8%$846,638 +10%
        2021$10,960 -0.1%$769,671 +1.2%
        2020$10,975 +9%$760,665 +9.9%
        2019$10,066 $692,028 -0.1%
        2018$10,066 +2.5%$692,835 +0.1%
        2017$9,817 +2.7%$692,028 +7.9%
        2016$9,557 +6.8%$641,198 +34.1%
        2015$8,951 +17.6%$478,100 -4.7%
        2014$7,608 -5.7%$501,600 +1.8%
        2013$8,067 -3.3%$492,600 -3.3%
        2012$8,341 +5.8%$509,400 +7.4%
        2011$7,883 -4.3%$474,300 -1.8%
        2010$8,235 +1.4%$483,100 -2%
        2009$8,120 -18.7%$493,100 -22.7%
        2008$9,988 -5.9%$638,000 -5.5%
        2007$10,615 -11.1%$675,000 -6.3%
        2006$11,941 +6.8%$720,000 +20%
        2004$11,179 -0.3%$600,000
        2003$11,210 -2%$600,000
        2002$11,438 $600,000 +64.4%
        2000-- $365,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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
        73 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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