14
See all 14 photos
$2,999,000
Est. payment /mo
2.29 Acres Lot
Active
1223 Periwinkle WAY Sanibel, FL 33957
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225044961
HOA Y/N No
Year Built 1963
Annual Tax Amount $42,201
Tax Year 2024
Lot Size 2.292 Acres
Acres 2.292
Property Sub-Type Retail
Property Description
This bank-owned property presents an iconic Sanibel development opportunity offering 200 feet of frontage on Periwinkle Way, 2.5-plus acres of land and waterfront features. Presenting a once-in-a-generation opportunity to acquire one of Sanibel Island's most storied and strategically located commercial parcels. Formerly home to the iconic Jacaranda Restaurant and Bar, a beloved institution that served generations of islanders and visitors, and most recently the Tipsy Turtle, this legacy property is ready for its next chapter. Ideally along 200 feet of frontage on Periwinkle Way, Sanibel's main thoroughfare and commercial spine, the property spans over 2.5 acres of developable land zoned General Commercial and D2 Upland Wetland. This premier site offers exceptional development flexibility, with initial assessments suggesting the potential to construct 8-9 residential units. Alternatively, zoning allows for a mixed-use development, combining residential living with a commercial component. The final residential count in this scenario would vary depending on footprint of the commercial structure, allowing for a custom-tailored approach to suit investor or developer goals. Adding to its appeal, the property features a scenic central lake and frontage along the tranquil Sanibel River at the rear—rare natural amenities that enhance its desirability for residential or hospitality development. Whether reimagined as an upscale enclave, a vibrant mixed-use destination or a new community hub, this property represents a unique and irreplaceable opportunity in the heart of Sanibel Island. Iconic history. Prime location. Boundless potential.
Location
State FL
County Lee
Area Si01 - Sanibel Island
Interior
Furnishings Furnished
Fireplace No
Exterior
Waterfront Description None
Garage No
Building
Story 1
Others
Senior Community No
Tax ID 19-46-23-T3-00014.0010
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/225044961
Listed by Premier Sotheby's Int'l Realty • Jeffrey Burns
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
QUICK SEARCH
- Homes for Sale in Naples
- Homes for Sale in Bonita Springs
- Homes for Sale in Fort Myers Beach
- Homes for Sale in Estero
- Homes for Sale in Marco Island
- Homes for Sale in Cape Coral
- Homes for Sale in Lehigh Acres
- Homes for Sale in Punta Gorda
- Homes for Sale in Port Charlotte
- Homes for Sale in Venice
- Homes for Sale in Englewood
- Homes for Sale in Captiva
- Homes for Sale in Everglades City
- Homes for Sale in Babcock Ranch
- Homes for Sale in LaBelle
- Homes for Sale in Fort Myers
- Homes for Sale in North Fort Myers
- Homes for Sale in Alva