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2480 Library Way

Sanibel FL 33957

3
3
2
3181 sq. ft.
0.24 ac.
Single-Family
Currently for sale - view listing

Overview

$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.

Features

3 bedrooms
3 bathrooms
2 carspaces
2 garage spaces
3181 sq. ft. floor area
0.24 ac. lot size
Single-Family

Property history for 2480 Library Way

2021
Sold
$725,000
25 Jun 2021 by Tracy A. Walters, of Royal Shell Real Estate, Inc.
2020
Sold
Undisclosed
08 Dec 2020 by Michael McMurray, of Royal Shell Real Estate, Inc.
2020
Sold
$600,000
08 Dec 2020 by Eric Pfeifer, of Pfeifer Realty Group LLC

Happy sellers in Sanibel

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Local market activity for 3 bedroom single-family properties in Sanibel

In the last 12 months, 137 three-bedroom single-family properties similar to 2480 Library Way, have been sold.

This represents a 34% decrease in three-bedroom single-family properties sales when compared to the previous 12 months.

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