527 Gulf DrSanibel, FL 33957

This exceptional 4.52-acre property, located at 527 E Gulf Dr, Sanibel, FL 33957, presents a unique investment opportunity. Situated in Lee County's Resort Housing District, this land boasts over 300 feet of direct Gulf beach frontage and over 300 feet of canal frontage. Currently approved for a 14-unit condominium development, this blank canvas allows for the creation of a luxury beachfront residential project. The property's location on the desirable east side of Sanibel Island offers convenient access to the causeway, minimizing travel time on and off the island. This prime waterfront location capitalizes on Sanibel's thriving tourism industry and its appeal as a luxurious island destination for both permanent and seasonal residents, comparable to exclusive locations like Boca Grande. The permitted zoning allows for a variety of development options, making this a highly sought-after parcel for discerning buyers and developers seeking to create a world-class development in a stunning coastal setting. The 4.52 acres provide ample space for a significant project, ensuring a substantial return on investment. This is a rare opportunity to acquire a truly exceptional piece of Sanibel Island real estate.