For the past four years the average price of a single family lot on Sanibel has exceeded $290,000. This unique near beach property includes two parcels with a combined 2.3 acres and a density of 5 units, That represents a price of $170,000 per unit, or more than 40% below the price of similar, nearby home sites. Mostly cleared, on City sewer and water with a deeded beach access running just west of the Hurricane House on West Gulf Drive this parcel would make a great multi-family development or a family winter retreat. Located predominately in D-2 Ecological Zone, this property has 100,204 sq. ft. With 25% impermeable this should allow for 25,051 of coverage and 30% total developed area (30,061 sq. ft.). The 21 foot high spoil mound located on the parcel could be used to raise the base elevation of the developed area to allow the homes to be built at grade. The base flood elevation at this location is AE-9. Access to the parcels would be through Island Inn Road. There is nothing out there that can compare with this extraordinary value!
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