505 Lighthouse WAY, Sanibel, FL 33957

$1,530,000
4
BD
3.5
BA
3,000
SqFt

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Sold Price
$1,530,000
List Price
$1,687,000
Listing Price
$1,687,000
Closing Date
Jun 18, 2026
MLS#
2026005751
Status
CLOSED
Bedrooms
4
Beds + Den
4 Bed
Bathrooms
3.5
Living Sq. Ft
3,000
Property Class
Single Family Residential
Building Design
Single Family Residence
Status Type
Known Damage
County
Lee
Region
SI01 - Sanibel Island
Development
Sanibel Estates
Subdivision
Sanibel Estates

Property Description

Rare opportunity offered on Lighthouse Way.  One of Sanibel’s most premier East End streets, this property presents an 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 boater’s dream 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, mature tropical landscaping, and space for outdoor living and entertaining.  This 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.

Additional Information

Year Built
1965
Garage Spaces
2
furnished
Unfurnished
Pets
Yes
Amenities
Beach Access, Community Gulf Boat Access
Community Type
Boating, Non-Gated
View
Canal
Boat Access
Boat Dock Private, Boat Lift, Concrete Dock, Elec Avail at dock, Hoist/Davit, Water Avail at Dock, Wooden Dock
Waterfront Description
Canal Front, Navigable, Seawall
Pool
Yes
Building Description
2 Story
Acres
0.32
Restrictions
None
Rear Exposure
S
Roof
Metal
Exterior Features
Boat Dock Private, Boat Lift, Concrete Dock, Elec Avail at dock, Hoist/Davit, Water Avail at Dock, Wooden Dock, Open Porch/Lanai, Outdoor Kitchen
Water
Central
Cooling
Central Electric
Interior Features
Fireplace, Foyer, French Doors, Volume Ceiling
Equipment/Appliances Included
Other
Rooms
Florida Room, Open Porch/Lanai
Tax Year
2025
Total Annual Recurring Fees
$500
HOA Fee
$500

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Calculator source: Real Geeks

Courtesy of Pfeifer Realty Group LLC.

Selling Office: FGC Non-MLS Office.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than this company are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available through the BR Program. The information provided is for consumers’ personal, non-commercial use and may not be used for any other purpose.