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2480 Library Way

Sanibel, FL 33957
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Bed 3

Bed

Bath 3

Bath

SqFt1,972

Sqft

Acres0.24

Acre(Lot)

$150K+ in potential gross income! Discover one of Sanibel’s most unique mixed-use opportunities, a rare property that seamlessly combines residential living with a fully functional commercial space. Zoned TCL, this versatile setting is ideal for entrepreneurs, artists, boutique retail, a private gym or wellness studio with curated membership, or anyone seeking a flexible live-work lifestyle in the heart of the island. The craftsmanship is exceptional, featuring beautiful millwork, impact windows and doors, Hardie board siding, and Brazilian hardwood and composite decking for lasting durability and timeless appeal. Inside, four levels of thoughtfully designed living space offer excellent flow, vaulted ceilings, rich wood flooring, and abundant natural light throughout. The chef-inspired kit chen showcases Sub-Zero and Wolf appliances with beautifully designed, highly functional cabinetry. The fourth-floor VIP suite is truly remarkable, while the rooftop sun deck captures bay breezes and water glimpses. Outdoor living continues with a 40-foot heated saltwater pool and high-efficiency propane spa for year-round enjoyment. The approximately 500-square-foot commercial space features hardwood floors, expansive windows, a half bath, and handicap-accessible ramp — perfect for a boutique, studio, office, or customer-facing business. Beyond the commercial use, the residential component offers strong income potential, creating multiple revenue streams within one property. This is a great rental income investment and or 1031 Exchange property!All of this is set in a highly walkable location just steps from restaurants, shops, banks, the post office, beaches, bike paths, kayaking, and daily conveniences — a rare opportunity blending lifestyle, flexibility, quality, and compelling investment value in one of Sanibel’s most desirable locations.

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Detail Ic Property Details

Property Type : Residential

Price : $1,595,000

AD Id : 70501764

MLS Id : 2025019853

Beds : 3

Lot Size : 0.24 Acre

Living Area Size : 1,972

Year Built : 1989

Garage : 2

County : Lee

Subdivision: Palm Ridge

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Roofing Information

    Metal

    Flooring Information

    Wood
  • Interior Features

    BreakfastBar, Bathtub, DualSinks, EatInKitchen, HandicapAccess, HighCeilings, KitchenIsland, Other, Pantry, SittingAreaInPrimary, SeeRemarks, SeparateShower, UpperLevelPrimary, VaultedCeilings, Bar, WindowTreatments, SplitBedrooms, Workshop
    Roof: Metal
    Appliances: Dryer, Dishwasher, Freezer, GasCooktop, Disposal, Microwave, Range, Refrigerator, WaterPurifier, Washer
    Laundry Features: WasherHookup, DryerHookup, Inside
    Window Features: Jalousie, Sliding, ImpactGlass, WindowCoverings
  • Heating & Cooling

    Has Heating: Yes Heating: Central, Electric, Gas, Propane, Zoned Has Cooling: Yes Cooling: CentralAir, CeilingFans, Electric, Gas, Zoned

  • Building Information

    Year Built: 1989
    Building Area Total: 3181
    Construction Materials: Other, Stucco, WoodFrame
    Stories: 2
    Patio And Porch Features: Balcony, Deck, Open, Patio, Porch
    Pool Features: Concrete, GasHeat, Heated, InGround, Lap, PoolEquipment, SeeRemarks, PoolSpaCombo
    Private Pool: Yes
    Water front Features: None
    View: Bay, Landscaped, Preserve, Partial
  • Exterior Features

    Exterior Features: Courtyard, Deck, Fence, SecurityHighImpactDoors, SprinklerIrrigation, OutdoorShower, Other, Patio, Storage, Awnings

  • Lot Information

    Lot Dimensions: 84 x 124 x 81 x 124 Main Square Feet: 0.24 Lot Size Acres: 0.24 Lot Size Source: Appraiser Lot Description: RectangularLot,SprinklersAutomatic

    Property Information

    Subdivision: PALM RIDGE Source Property Type: Residential Zoning Description: TCL Property SubType: Single Family Residence Direction Faces: West Levels: Two Property Age: 37

  • Listing Price Information

    Listing Price: $1595000
    Original Price: $1750000
    AllFinancingConsidered, Cash

  • Tax Information

    Parcel Number: 26-46-22-T2-0030C.0050 Tax Lot: 5 Tax Block: C Tax Year: 2024 Annual Tax: $7837.12 Tax Legal Desc: PALM RIDGE RE-SUB BLK C PB 28 PG 55 LOT 5

  • Parking Information

    Attached, Covered, Underground, Garage, Guest, Handicap, TwoSpaces, GarageDoorOpener

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 2 Pets Allowed: Yes

    Homeowners Association Information

    Included Fees: None
    Association Amenities: SeeRemarks, Trails
    Community Features: NonGated, None

  • Utility Information

    CableNotAvailable, NaturalGasAvailable, HighSpeedInternetAvailable
  • Location Information

    WaterSource: Public Security Features: BurglarAlarmMonitored,SecuritySystem,SmokeDetectors
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Nearby Home Value

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1114 Seagrape Lane, Sanibel, FL, 33957 $2,795,000 3 2 2,123 2,123 SqFt
1163 Seagrape Lane, Sanibel, FL, 33957 $2,450,000 4 5 3,578 3,578 SqFt
479 Lagoon Drive, Sanibel, FL, 33957 $1,950,000 3 3 3,099 3,099 SqFt
505 Kinzie Island Court, Sanibel, FL, 33957 $3,995,000 5 5 4,777 4,777 SqFt
500 Kinzie Island Court, Sanibel, FL, 33957 $1,895,000 3 3 2,696 2,696 SqFt
545 Lighthouse Way, Sanibel, FL, 33957 $3,900,000 3 4 3,659 3,659 SqFt
1076 Captains Walk Street, Sanibel, FL, 33957 $1,099,000 2 2 1,704 1,704 SqFt
1105 Skiff Place, Sanibel, FL, 33957 $699,000 4 3 1,714 1,714 SqFt
1056 S Yachtsman Drive, Sanibel, FL, 33957 $1,150,000 3 2 1,682 1,682 SqFt
927 Almas Court, Sanibel, FL, 33957 $1,699,000 3 3 2,100 2,100 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/07/2026 @ 22:35

MLS: 2025019853 LISTED BY: Michael McMurray, Royal Shell Real Estate, Inc. 239-472-0078 SOURCE: FGC

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