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Bean Group
Offered at $1,500,000Active
beds
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baths
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sq ft
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Built
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2761 W Gulf Drive

Sanibel, FL 33957

About this home

A Landmark Reimagined – Rare ½ Acre Commercial/Residential Opportunity on West Gulf Drive! Once home to The Sandbar, a beloved island steak and seafood house that embodied Sanibel’s “true island environment,” this cleared half-acre parcel is now poised for its next chapter. Nestled within earshot of the Gulf waves and with the distinction of a prime island address along prestigious West Gulf Drive, the property presents a rare opportunity to shape the island’s future in one of its most coveted settings. The possibilities are as limitless as your vision. Imagine a thriving commercial venture, a welcoming restaurant or boutique, a thoughtfully planned multi-family development, or an exclusive private coastal retreat—this property is the blank canvas to bring those dreams to life. Its location is unmatched: just steps from the brand-new Shalimar Resort, a short stroll to a nearby beach access, a quick bike ride to Bit of Bailey’s Grocery and Rosalita’s Cantina in the revitalized Rabbit Road Center, within easy reach of the Sanibel Rec Center, and just across the street from the beloved shared use path. Rich in history and alive with potential, this is more than just land—it’s an invitation to contribute to Sanibel’s ongoing revitalization. Create something meaningful, build lasting value, and leave your legacy on one of Florida’s most treasured islands.

Listing last checked: Listing updated:

Listed by Evan duPont · Michael Saunders & Company · MLS #2025009243

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Details at a glance

Building1 property facts
Style
Acreage
Land & utilities3 property facts
Lot size
0.498 acres
Water
Public
Sewer
Public Sewer
Financial3 property facts
Annual taxes
$6,146
Assessment year
2024
HOA fee
$0 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $1,500,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$8,097 / monthAdjust
Principal & interest
$7,585
Property tax
$512
Insurance
Not entered
HOA
$0

Listing annual taxes: $6,146. 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.

Price and status timeline

  1. Sld

    $2,199,000 · Sold $2,000,000 · Feb 3, 2022

More property insights

Comparable properties 1 supplied

Sold Oct 1, 2026

$1,452,760

21999 Carter Road

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About 2761 W Gulf Drive

Can I request a private showing?

Request a tour of 2761 W Gulf Drive and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.