Sold Mar 9, 2026
$485,000About this home
Offering the perfect located lot to build the perfect Sanibel home. This lot borders beautiful Palm Lake, it only 2 lots from West Gulf Drive and a 2minute walk to the beach via your deeded beach access. The Palm Lake community is situated just off of West Gulf Drive in Sanibel's peaceful West End. The lothas recently been cleared of a former cottage. The trees and other vegetation remain. The lot is 100' across the front and back and 155' deep-plenty of buildablespace for a new Sanibel home. This buildable vacant property has all the components to provide the new owner with the best of Sanibel. It's all about location!
Listing last checked: Listing updated:
Listed by Catherine Rosario · Royal Shell Real Estate, Inc. · MLS #2025004330
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Details at a glance
Building1 property facts
- Style
- Residential
Land & utilities4 property facts
- Lot size
- 0.363 acres
- Water
- Public
- Sewer
- Public Sewer
- Waterfront
- Y
Financial3 property facts
- Annual taxes
- $3,704
- Assessment year
- 2024
- HOA fee
- $0 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $499,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$2,832 / monthAdjust
- Principal & interest
- $2,523
- Property tax
- $309
- Insurance
- Not entered
- HOA
- $0
Listing annual taxes: $3,704. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Comparable properties 3 supplied
Sold Apr 7, 2026
$530,000101-103 Andre Mar Drive
Sold Mar 13, 2026
$469,0002217 SW 50th Street
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About 231 Palm Lake Drive
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Request a tour of 231 Palm Lake Drive and a Bean Group agent will help coordinate an available time with the listing side.
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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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