2480 Library Way

Sanibel, FL 33957

$1,595,000

$809 per ft²
$1,595,000
$809 per ft²
Active
Active
 - For Sale
beds
3 Beds
baths
3 Baths
carpenters-square
1972 ft²
property_type
Single Family Residence
calendar
Built 1989
$150K in potential gross income! Discover one of Sanibels 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 Sanibels most desirable locations.

MLS# 2025019853

Interior Features

Appliances:   Gas Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator/Freezer, Washer, Water Treatment Owned
Cooling:   Ceiling Fan(s), Central Electric, Gas - Propane, Zoned
Heating:   Central Electric, Propane, Zoned
Flooring:   Wood
Furnished?:   Furnished
Misc Interior:   Split Bedrooms, Great Room, Exercise Room, Guest Bath, Guest Room, Recreation Room, Workshop, Bar, Other, Pantry, Vaulted Ceiling(s), Volume Ceiling

Exterior/Building Features

Acres:   0.24
Building Name:   PALM RIDGE
Community Features:   Bike And Jog Path, See Remarks, No Subdivision, Non-Gated
Construction Materials:   Elevated, Piling, Wood Frame, Stucco
Garage Spaces:   2
Levels:   Multi-Story Home, 2 Story
Parking Features:   2+ Spaces, Covered, Guest, Load Space, Under Bldg Closed, Wheelchair Access, Garage Door Opener, Attached
Security Features:   Smoke Detector(s), Smoke Detectors
Other Exterior:   Awning(s), Balcony, Courtyard, Outdoor Shower, Sprinkler Auto, Storage

School Information

High School:   null
Middle School:   null
Elementary School:   null

Other Property Details

Pets Allowed:   No Approval Needed
Owner Pays:  
Other Exterior:   Awning(s), Balcony, Courtyard, Outdoor Shower, Sprinkler Auto, Storage
Num Units In Community:   1

 

The data relating to real estate for sale on this limited electronic display come in part from the Broker Reciprocity Program (BR Program) of the Bonita Springs-Estero Association of REALTORS®, Florida Gulf Coast Multiple Listing Service, Inc., and the M.L.S. of Naples, Inc. Properties listed with brokerage firms other than this one are marked with the BR Icon and detailed information about them includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties available through the BR Program. The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations. Copyright 2024 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.

Data last updated

REALTY EZ
Southwest Florida
Real Estate

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