2480 Library Way, Sanibel, FL 33957

3 beds 3 baths 1,972 Sq. Ft. Built in 1989
Subdivision: Palm Ridge

$1,595,000

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$150K+ in potential gross rental 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.


Listing Courtesy Of: Royal Shell Real Estate, Inc.   Phone: 239-472-0078   Email: ddeluca@rlcarriers.com
Listing Agent: Mike McMurray

Property Details

Details

Listing ID: 2251204
Beds: 3
Baths: 3 Full
Subdivision: Palm Ridge
Location: Inland
Sq. Ft.: 1972
Year Built:
  • 1989
Taxes: $7,837

Community

Property

Type: Residential
Lot Features:
  • See Remarks
Parking:
  • Auto Garage Opener(s)
  • Double Garage
  • See Remarks
Pool Details:
  • Below Ground
  • Equipment Stays
  • Fenced
  • Gas Heated
  • Hot Tub
  • Spa

Building

Construction:
  • Elevated
  • Frame
  • Piling Wood
  • See Remarks
Design:
  • See Remarks
Roof:
  • Metal
Exterior:
  • Hard-l-Board
  • Stucco
Windows:
  • Awning(s)
  • Impact Resistant Windows
  • Jalousie
  • Sliding
  • Storm Pr
Floor/Ceiling:
  • See Remarks

Interior

Cooling/Heating:
  • Ceiling Fan(s)
  • Central Air/Cooling
  • See RemarksCentral Heat
  • Heat Pump
Features:
  • Handicap Accessible
  • See Remarks
Rooms:
  • Eat In Kitchen
  • Kitchen
  • Living Room
  • Open Porch
  • Pantry
  • Patio
  • S
Master BR/BA:
  • Dbl Sinks
  • Dbl Vanity
  • Sep. Shower
  • Sep. Tub
  • See RemarksBalcony
  • Sitting Area
Appliances:
  • Cooktop
  • Disposal
  • Dryer
  • Internet Ready
  • Microwave
  • Refrigerator