505 Lighthouse Way

Sanibel, FL 33957

2,491 sq ft | 4 beds | 3 baths
$1,687,000
For Sale
Listed: February 4, 2026
MLS#: 2026005751

Property Description

Premier opportunity offered on Lighthouse Way, one of Sanibel’s most premier East End streets, this property presents a rare opportunity to create a custom waterfront residence in a location where finished homes consistently command top-tier value. Just minutes to the Gulf with deep-water, direct-access boating, the property features a seawall, generous dock area, a 16,000-lb boat lift, and two additional davits, a true boater’s setup seldom available on the East End. The home offers all-concrete block construction on both the first and second floors, providing a solid structural base for future plans. A new $90,000 commercial-grade standing-seam metal roof and fascia are already in place, representing a significant investment and a meaningful head start for the next owner. Outdoor elements include a pool and spa footprint, mature tropical landscaping, and space for outdoor living and entertaining, ready to be reimagined to today’s standards. The East End location allows for easy on-and-off island access, avoiding mid-island traffic, while remaining within walking distance to the Sanibel Lighthouse, beaches, restaurants, shops, and local favorites. This is a rare chance to secure a Lighthouse Way address with direct Gulf access and build or renovate to suit your vision. Owner financing available.

Key Details

Price
1,687,000
Bedrooms
4
Bathrooms
3
Living Area
2,491 SqFt
Year Built
1965
Lot Size
0.315 Acres
Property Type
Residential
Property Subtype
SingleFamilyResidence
County
Lee
Subdivision
SANIBEL ESTATES
Pool
Yes (InGround,PoolEquipment,PoolSpaCombo)
Cooling
Yes (CentralAir,Electric)
Heating
Yes (Central,Electric)
Fireplace
Yes
Flooring
Other
Roof
Metal
Taxes (Annual)
$11,135 (Year: 2025)

Location

Community

No community information available for SANIBEL ESTATES.

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