# 527 E Gulf Drive #203, Sanibel, FL 33957 > **TL;DR:** 2bd/2ba condo, $1,095,000 ($1111/sqft), built 1978, 986 sqft. > Waterfront, A/C. Est. $6,431/mo. Listed 6 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,095,000 | | Price/sqft | $1111 | | Bedrooms | 2 | | Bathrooms | 2 full | | Square Feet | 986 | | Year Built | 1978 | | Lot Size | 8,999 sqft (0.21 acres) | | Stories | 2 | | Property Type | Condo (Condominium) | | Status | Active | | Days on Market | 6 | ## Why This Home Stands Out - **Waterfront** - Waterfront location listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $5,537 | | Estimated Insurance | $319 | | HOA | $575 | | **Total** | **$6,431** | ## Key Amenities - Waterfront - A/C ## Property Highlights - Built in 1978 - 0.21 acre lot - 2 stories - Waterfront ## Description ### Agent Description This is a rare pre-construction opportunity to purchase in one of Sanibel Island's first new Gulf-front condominium developments in decades. The existing building will be demolished, and a new structure will be built to current codes and construction standards. On a prime stretch of Sanibel's Gulf shoreline, this two-bedroom, two-bath residence will offer panoramic Gulf views, elevated ceiling heights, and a full wall of impact-rated glass along the waterfront. Built to modern structural standards, the new development will be one of the few condos built to current hurricane ratings, designed for durability, safety and low-maintenance coastal living. The owners are conveying their share in the association and will pay the $440,000 assessment at closing. Upon completion of the building construction, the residence will be delivered in white box condition, allowing the new owner to fully customize the interior layout, finishes and final design. An additional opportunity exists to purchase the neighboring unit, 204. Together, the two mirror-image top-floor residences could be combined into an approximately 2,000-square-foot, custom penthouse with four bedrooms and four baths, an uncommon configuration on Sanibel. On Sanibel's desirable east end, the property offers convenient access to bike paths, the historic lighthouse, local shops, dining and the island's renowned beaches. This is a unique chance to secure new Gulf-front construction and tailor a beachfront residence to your exact specifications. Once the construction is complete, there will be nothing comparable on the island. ## Location - **Address:** 527 E Gulf Drive #203, Sanibel, FL 33957 - **County:** Lee - **Neighborhood:** GULF BEACH CONDO - **Coordinates:** 26.445036, -82.027257 - **Google Maps:** https://www.google.com/maps?q=26.445036,-82.027257 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/fgcmls/2026044079 ## Listing Agent - **Name:** Tiffany Burns · **License:** 280596748 - **Brokerage:** Premier Sotheby's Int'l Realty - **Broker Phone:** (239) 472-2735 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/527-E-Gulf-Dr-Unit-203_Sanibel_FL_33957_M52931-82181?f=listhub&s=FMSWFL&m=2026044079&c=propsimple) ## Photos ![527 E Gulf Drive #203 - Photo 1](http://lh.rdcpix.com/2b82d325e2d53e57d4b95625d1cd9503l-f1227791403r.jpg) ![527 E Gulf Drive #203 - Photo 2](http://lh.rdcpix.com/2b82d325e2d53e57d4b95625d1cd9503l-f3839683237r.jpg) ![527 E Gulf Drive #203 - Photo 3](http://lh.rdcpix.com/2b82d325e2d53e57d4b95625d1cd9503l-f2039130738r.jpg) ![527 E Gulf Drive #203 - Photo 4](http://lh.rdcpix.com/2b82d325e2d53e57d4b95625d1cd9503l-f155503697r.jpg) ![527 E Gulf Drive #203 - Photo 5](http://lh.rdcpix.com/2b82d325e2d53e57d4b95625d1cd9503l-f498645856r.jpg) ![527 E Gulf Drive #203 - Photo 6](http://lh.rdcpix.com/2b82d325e2d53e57d4b95625d1cd9503l-f657099173r.jpg) ![527 E Gulf Drive #203 - Photo 7](http://lh.rdcpix.com/2b82d325e2d53e57d4b95625d1cd9503l-f3395691019r.jpg) ![527 E Gulf Drive #203 - Photo 8](http://lh.rdcpix.com/2b82d325e2d53e57d4b95625d1cd9503l-f2678204709r.jpg) ![527 E Gulf Drive #203 - Photo 9](http://lh.rdcpix.com/2b82d325e2d53e57d4b95625d1cd9503l-f3334445819r.jpg) ![527 E Gulf Drive #203 - Photo 10](http://lh.rdcpix.com/2b82d325e2d53e57d4b95625d1cd9503l-f1693218852r.jpg) ![527 E Gulf Drive #203 - Photo 11](http://lh.rdcpix.com/2b82d325e2d53e57d4b95625d1cd9503l-f748642823r.jpg) --- **MLS#:** 2026044079 | **Updated:** 2026-10-23 **Source:** listhub *Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/527-e-gulf-drive-sanibel-fl-33957-beb229a53c224e05a9df3ba65a429efd) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/527-e-gulf-drive-sanibel-fl-33957-beb229a53c224e05a9df3ba65a429efd#listing", "url": "https://staging.propertysimple.ai/listing/527-e-gulf-drive-sanibel-fl-33957-beb229a53c224e05a9df3ba65a429efd", "name": "527 E Gulf Drive #203, Sanibel, FL 33957", "description": "This is a rare pre-construction opportunity to purchase in one of Sanibel Island's first new Gulf-front condominium developments in decades. The existing building will be demolished, and a new structure will be built to current codes and construction standards. 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On Sanibel's desirable east end, the property offers convenient access to bike paths, the historic lighthouse, local shops, dining and the island's renowned beaches. This is a unique chance to secure new Gulf-front construction and tailor a beachfront residence to your exact specifications. 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