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Eric Degelau

degelauhometeam@gmail.com +1(239) 351-5556

$ 4,999,000

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1801 Olde Middle Gulf DR Sanibel, FL 33957

2.54 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Subdivision Clamshell Condo

MLS Listing ID 2026042139

HOA Y/N No

Annual Tax Amount $9,985

Tax Year 2023

Lot Size 2.540 Acres

Acres 2.54

Lot Dimensions Survey

Property Sub-Type Residential

Property Description

A once-in-a-generation Gulf-front redevelopment opportunity on Sanibel Island. Offering approximately 2.54 acres and an extraordinary 300 feet of beach frontage along the Gulf of Mexico, this former six-unit Clamshell condominium site presents a combination of scale, location and development potential rarely available on the island, especially at this price point. Due diligence has begun toward the potential replat of the property into four single-family residential lots, creating the opportunity for four individual Gulf-front homesites while retaining Resort Housing zoning and its associated rental flexibility. Subject to applicable approvals, a buyer pursuing a major subdivision and replat could create a beachfront enclave tailored to their vision such as develop all four homesites for construction or resale, retain one or more parcels for a private residence while selling the remaining lots to help offset acquisition and development costs, or explore other redevelopment possibilities afforded by this exceptional site. Within Sanibel's Resort Housing District, the property offers important flexibility for future redevelopment, including nightly rental opportunities, relief from certain Angle of Light restrictions applicable to single-family residential development and the ability to build three stories above required flood elevation, subject to applicable approvals and regulations. These provisions, combined with the property's substantial Gulf frontage and acreage, create a compelling foundation for an extraordinary new beachfront community. The property was formerly home to the Clamshell condominium complex, consisting of six townhome-style condominium residences within three buildings that were demolished following Hurricane Ian. For purposes of Sanibel's Buildback Ordinance, the pre-storm development consisted of three three-bedroom and three two-bedroom units, a swimming pool and private beach boardwalk. Zoned Resort Housing, the property includes D-1 (Lowlands Wetland Zone), E-2 (Gulf Beach Ridge) and A (Gulf Beach Zone) designations. Numerous redevelopment possibilities exist, with future residences positioned to capitalize on exceptional beach frontage, Gulf views and direct access to one of Sanibel's greatest natural assets. Centrally between Sanddollar and Signal Inn, the site offers convenient access to an 18-hole golf course, restaurants, shopping, resorts and Sanibel's scenic shared-use path system. Opportunities of this magnitude are exceedingly difficult to replicate with approximately 2.5 acres, 300 feet of Gulf frontage, Resort Housing flexibility and the potential to create four individual Gulf-front homesites or an entirely new beachfront community. An exceptional opportunity to shape a significant piece of Sanibel's next chapter.

Location

State FL

County Lee

Community Clamshell Condo

Area Si01 - Sanibel Island

Direction North

Interior

Cooling See Remarks

Furnishings Furnished

Fireplace No

Exterior

Pool Community

Community Features Non- Gated, Pool, See Remarks

Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available

Amenities Available Beach Rights, Beach Access, See Remarks

Waterfront Description Gulf, Across the Road Water Frontage

View Y/N Yes

Water Access Desc Public

View Gulf

Present Use Other,Single Family,See Remarks

Garage No

Building

Lot Description See Remarks

Faces North

Sewer Public Sewer

Water Public

Others

HOA Fee Include Other,See Remarks

Senior Community No

Tax ID 36-46-22-T2-00801.00A0

Acceptable Financing All Financing Considered, Cash

Listing Terms All Financing Considered, Cash

Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026042139

Listed by Premier Sotheby's Int'l Realty • Jeffrey Burns

Eric Degelau

Team Leader License ID: 3508369

+1(239) 351-5556

Eric Degelau

1801 Olde Middle Gulf DR Sanibel, FL 33957

Key Details

Location

Interior

Exterior

Building

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1801 Olde Middle Gulf DR