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1801 Olde Middle Gulf Drive

Sanibel, FL 33957
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Acres2.54

Acres(Lot)

A once-in-a-generation Gulf-front redevelopment opportunity on Sanibel Island. Offering approximately 2.54 acres and an extraordinary 300 feet of beach frontage along the Gulf of Mexico, this former six-unit Clamshell condominium site presents a combination of scale, location and development potential rarely available on the island, especially at this price point. Due diligence has begun toward the potential replat of the property into four single-family residential lots, creating the opportunity for four individual Gulf-front homesites while retaining Resort Housing zoning and its associated rental flexibility. Subject to applicable approvals, a buyer pursuing a major subdivision and replat could create a beachfront enclave tailored to their vision such as develop all four homesites for c onstruction or resale, retain one or more parcels for a private residence while selling the remaining lots to help offset acquisition and development costs, or explore other redevelopment possibilities afforded by this exceptional site. Within Sanibel’s Resort Housing District, the property offers important flexibility for future redevelopment, including nightly rental opportunities, relief from certain Angle of Light restrictions applicable to single-family residential development and the ability to build three stories above required flood elevation, subject to applicable approvals and regulations. These provisions, combined with the property's substantial Gulf frontage and acreage, create a compelling foundation for an extraordinary new beachfront community. The property was formerly home to the Clamshell condominium complex, consisting of six townhome-style condominium residences within three buildings that were demolished following Hurricane Ian. For purposes of Sanibel’s Buildback Ordinance, the pre-storm development consisted of three three-bedroom and three two-bedroom units, a swimming pool and private beach boardwalk. Zoned Resort Housing, the property includes D-1 (Lowlands Wetland Zone), E-2 (Gulf Beach Ridge) and A (Gulf Beach Zone) designations. Numerous redevelopment possibilities exist, with future residences positioned to capitalize on exceptional beach frontage, Gulf views and direct access to one of Sanibel’s greatest natural assets. Centrally between Sanddollar and Signal Inn, the site offers convenient access to an 18-hole golf course, restaurants, shopping, resorts and Sanibel’s scenic shared-use path system. Opportunities of this magnitude are exceedingly difficult to replicate with approximately 2.5 acres, 300 feet of Gulf frontage, Resort Housing flexibility and the potential to create four individual Gulf-front homesites or an entirely new beachfront community. An exceptional opportunity to shape a significant piece of Sanibel’s next chapter.

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Detail Ic Property Details

Property Type : Land

Price : $4,999,000

AD Id : 91700198

MLS Id : 2026042139

Lot Size : 2.54 Acres(Lot)

Tax Amount : $9,985.60

County : Lee

Subdivision: Clamshell Condo

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Feature Features

  • Heating & Cooling

    Cooling: SeeRemarks Water front: 1

  • Lot Information

    Lot Dimensions: 300 x 370 x 300 x 370 Main Square Feet: 2.54 Lot Size Acres: 2.54 Lot Size Source: Survey Lot Description: SeeRemarks

    Property Information

    Subdivision: CLAMSHELL CONDO Source Property Type: Land Property SubType: Residential Direction Faces: North

  • Listing Price Information

    Listing Price: $4999000
    AllFinancingConsidered, Cash

  • Tax Information

    Parcel Number: 36-46-22-T2-00801.00A0 Tax Lot: see remarks Tax Block: 801 Tax Year: 2023 Annual Tax: $9985.6 Tax Legal Desc: CLAMSHELL CONDO BLDG 1 OR 1399 PG 2376 UNIT A

  • Homeowners Association Information

    Included Fees: Other, SeeRemarks
    Association Amenities: BeachRights, BeachAccess, SeeRemarks
    Community Features: NonGated, Pool, SeeRemarks

  • Utility Information

    CableAvailable, ElectricityAvailable, SewerAvailable, WaterAvailable
  • Location Information

    WaterSource: Public
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Nearby Home Value

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524 Lagoon Drive, Sanibel, FL, 33957 $525,000 -- -- -- 0.24 Acre(Lot)
555 E Gulf Drive, Sanibel, FL, 33957 $9,200,000 -- -- -- 3.84 Acres(Lot)
1084 S Yachtsman Drive, Sanibel, FL, 33957 $699,000 -- -- -- 0.28 Acre(Lot)
1032 Sand Castle Road, Sanibel, FL, 33957 $399,000 -- -- -- 0.25 Acre(Lot)
1028 Bayview Drive, Sanibel, FL, 33957 $3,150,000 -- -- -- 0.50 Acre(Lot)
651 Donax Street, Sanibel, FL, 33957 $550,000 -- -- -- 0.24 Acre(Lot)
845 Pyrula Avenue, Sanibel, FL, 33957 $529,000 -- -- -- 0.37 Acre(Lot)
1340 Eagle Run Drive, Sanibel, FL, 33957 $489,000 -- -- -- 0.32 Acre(Lot)

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ByOwner last updated this listing 10/07/2026 @ 16:22

MLS: 2026042139 LISTED BY: Jeffrey Burns, Premier Sotheby's Int'l Realty 239-472-2735 SOURCE: FGC

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