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Back 505 Lighthouse Way
Off Market

505 Lighthouse Way

Sanibel FL 33957

4
4
2
3759 sq. ft.
0.32 ac.
Single-Family
Last sold for $1,530,000
Gregory DemarasGregory Demaras, last sold this property on 18 June 2026 after 133 days on market.

Overview

Rare opportunity offered on Lighthouse Way.  One of Sanibel’s most premier East End streets, this property presents an opportunity to create a custom waterfront residence in a location where finished homes consistently command top-tier value. Just minutes to the Gulf with deep-water, direct-access boating, the property features a seawall, generous dock area, a 16,000-lb boat lift, and two additional davits.  A boater’s dream setup seldom available on the East End. The home offers all-concrete block construction on both the first and second floors, providing a solid structural base for future plans.  A new $90,000 commercial-grade standing-seam metal roof and fascia are already in place, representing a significant investment and a meaningful head start for the next owner. Outdoor elements include a pool and spa, mature tropical landscaping, and space for outdoor living and entertaining.  This East End location allows for easy on-and-off island access, avoiding mid-island traffic, while remaining within walking distance to the Sanibel Lighthouse, beaches, restaurants, shops, and local favorites. This is a rare chance to secure a Lighthouse Way address with direct Gulf access and build or renovate to suit your vision. Owner financing available.

Features

4 bedrooms
4 bathrooms
2 carspaces
2 garage spaces
3759 sq. ft. floor area
0.32 ac. lot size
Single-Family

Estimated Value

Based on this property and similar 4 bedroom single-family properties sold in Sanibel over the last 12 months, the estimated median property value of 505 Lighthouse Way is $1.51m.

Median value
$1.51m
Estimated value range
$385k - $9.7m
Median days on market
102
Estimated value trend
-9%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Sanibel. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 505 Lighthouse Way

2026
Sold
$1,530,000
18 Jun 2026 by Gregory Demaras, of Pfeifer Realty Group LLC

Happy sellers in Sanibel

~%

We have insufficient information to provide an overview of customer satisfaction for Sanibel. Viewing the agent profiles, reviews and sales for Sanibel can provide insights for this location.

Local market activity for 4 bedroom single-family properties in Sanibel

In the last 12 months, 52 four-bedroom single-family properties similar to 505 Lighthouse Way, have been sold.

This represents a 59% decrease in four-bedroom single-family properties sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Sanibel

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Kerry Wilson

Kerry Wilson is a recommended agent for Sanibel.  They have 1 local sale and collected 2 local reviews across the last 12 months.

  •   5   (22 reviews)
  •  2 Reviews in Sanibel
  •  1 Sale in Sanibel
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Lesley Barton

Sellers who recommend Lesley Barton have praised them for being local expert, clear communication, responsive, supportive, dedicated, detail-oriented, and reliable

  •   5   (186 reviews)
  •  1 Review in Sanibel
  •  1 Sale in Sanibel
View profile
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Eric Pfeifer

Eric Pfeifer is a recommended agent for Sanibel.  They have 38 local sales across the last 12 months.

  •  38 Sales in Sanibel
View profile
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Phaidra McDermott

Phaidra McDermott is a recommended agent for Sanibel.  They have 18 local sales across the last 12 months.

  •  18 Sales in Sanibel
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