2669 Gulf DR , SANIBEL, 33957

List Price:   $11,000,000 -

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Property Description

• This remarkable 2.86 +/- acre beach-front property sits along the Gulf of Mexico, boasting 200 feet of pristine white sand beach. • The 1978 Coastal Construction Line allows 1.7 acre of net buildable land. Per Sanibel Density Map, the property is located in the 5.0 units per acre allowing for development of up to 14 residential units. • The property presents an exceptional opportunity for a buyer interested in developing a high-end luxury 14-unit condominium project. • The property is primed for a visionary buyer to create a state-of-the-art destination on Sanibel Island. • Poised for a 3-story over parking, 14 unit luxury condominium project. • The property is located within the Gulf Ridge Eco Zone which allows a maximum impermeable coverage of 25% for building, sidewalks, pool decking, etc. • Strategically located in close proximity to other notable islands in Southwest Florida, such as Captiva, Pine Island, Fort Myers Beach, and various local attractions such as Captiva, Pine Island, Fort Myers Beach, and various local attractions.

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Listing provided courtesy of LSI Companies Inc.


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3878 12TH AVE SE3665 41ST AVE NE2735 36TH AVE SE
$449,900$249,900$299,900
MLS# 216066689MLS# 216044770216066673
3132 SF on 3.33 Acres Built in 20061179 SF on 1.14 Acres Built in 19992,195 SF on 1.14 Acres Built in 2008
3+Den/3 Baths3Bed/2Bath4Bed/3Bath

 

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