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2480 Library Way

Sanibel, FL 33957
  • $1,595,000
  • STATUS: Active
  • ON SITE: 129 Days
  • MLS #: 2025019853
UPDATED: 55 min ago
$1,595,000
  • 3
    BEDS
  • 0.24
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,972
    SQFT
  • $809
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1989
County:
Lee

School Ratings & Info

Description

$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 kitchen 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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© 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sarasota Gulf Coast Homes | KW Coastal Living III. Data last updated 2026-04-13T08:23:17.237.
www.sarasotagulfcoastrealtors.com/homes/171141498
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2480 Library Way Sanibel, FL 33957

  • Price: $1,595,000
  • Status: Active
  • On Site: 129 Days
  • Updated: 55 min ago
  • MLS #: 2025019853
3
Beds
3
Baths
0
½ Baths
0.24
Acres
1,972
SQFT
$809
$/SQFT
1989
Built
Neighborhood:
Palm Ridge
County:
Lee
Area:
Si01 - Sanibel Island
Property Description
$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 kitchen 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.
Exterior Features

Architectural Style Florida Multi- Level Other Two Story See Remarks Traditional Attached Garage YN Yes Carport Spaces 0 Carport YN No Construction Materials Other Stucco Wood Frame Covered Spaces 2 Direction Faces West Exterior Features Courtyard Deck Fence Security / High Impact Doors Sprinkler / Irrigation Outdoor Shower Other Patio Storage Awning(s) Foundation Details Pillar / Post / Pier Raised Garage YN Yes Levels Two Parking Features Attached Covered Underground Garage Guest Handicap Two Spaces Garage Door Opener Patio And Porch Features Balcony Deck Open Patio Porch Pool Features Concrete Gas Heat Heated In Ground Lap Pool Equipment See Remarks Pool / Spa Combo Pool Private YN Yes Road Responsibility Public Maintained Road Road Surface Type Paved Roof Metal Spa Features Above Ground Gas Heat Gunite In Ground Spa YN Yes View Bay Landscaped Preserve Partial View YN Yes

Interior Features

Appliances Dryer Dishwasher Freezer Gas Cooktop Disposal Microwave Range Refrigerator Water Purifier Washer Cooling Central Air Ceiling Fan(s) Electric Gas Zoned Cooling YN Yes Flooring Wood Furnished Furnished Heating Central Electric Gas Propane Zoned Heating YN Yes Interior Features Breakfast Bar Bathtub Dual Sinks Eat-in Kitchen Handicap Access High Ceilings Kitchen Island Other Pantry Sitting Area in Primary See Remarks Separate Shower Upper Level Primary Vaulted Ceiling(s) Bar Window Treatments Split Bedrooms Workshop Laundry Features Washer Hookup Dryer Hookup Inside Room Type Bathroom Exercise Room Guest Quarters Other Recreation Workshop Great Room Window Features Jalousie Sliding Impact Glass Window Coverings

Property Features

Accessibility Features Wheelchair Access Association Amenities See Remarks Trail(s) Association Fee 0 Association Fee Includes None Association Fee2 0 Association Fee3 0 Association YN No Building Area Total 3181 Community Features Non- Gated None Development Name PALM RIDGE Disclosures Deed Restriction Owner Has Flood Insurance Gulf Access YN False Irrigation Source Municipal None Land Lease Amount 0 Listing Terms All Financing Considered Cash Lot Features Rectangular Lot Sprinklers Automatic Ownership Single Family Pets Allowed Yes Possession Close Of Escrow Negotiable Potential Short Sale YN No Property Condition Resale Property Sub Type Single Family Residence Property Sub Type Additional Single Family Residence Restrictions Security Features Burglar Alarm ( Monitored) Security System Smoke Detector(s) Senior Community YN No Sewer Public Sewer Private Sewer Tax Annual Amount 7837.12 Tax Year 2024 Unit Location Utilities Cable Not Available Natural Gas Available High Speed Internet Available Water Access Description None Water Source Public Waterfront Features None Waterfront YN No Zoning Description TCL

Listing courtesy of Royal Shell Real Estate, Inc..


© 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sarasota Gulf Coast Homes | KW Coastal Living III. Data last updated 2026-04-13T08:23:17.237.
 
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