2480 Library Way, Sanibel, FL 33957
For Sale $1,695,000
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$150K+ IN POTENTIAL GROSS INCOME—AND AN ISLAND LIFESTYLE TO MATCH! Own something truly different on Sanibel: an exceptional property that combines luxury residential living, commercial space, and the opportunity for multiple income streams. Live here, work here, invest here—bring your vision and put this remarkable property to work! Zoned TCL, this versatile mixed-use setting opens the door to possibilities for entrepreneurs, artists, and buyers seeking a flexible island lifestyle. Imagine a boutique, creative studio, office, or private gym and wellness concept with curated membership, subject to applicable approvals. With approximately 500 square feet of commercial space featuring hardwood floors, expansive windows, a half bath, and an accessible ramp, your next chapter has a place to begin. And the residence? Far beyond ordinary. Four thoughtfully designed levels offer beautiful gathering spaces, vaulted ceilings, rich wood flooring, and abundant natural light. Exceptional millwork, impact windows and doors, Hardie board siding, and Brazilian hardwood and composite decking reflect the quality throughout. The chef-inspired kitchen pairs Sub-Zero and Wolf appliances with beautifully designed cabinetry that works as well as it looks. The fourth-floor VIP suite is a standout, while the rooftop sun deck delivers bay breezes, water glimpses, and the perfect place to unwind. Outside, a 40-foot heated saltwater pool and high-efficiency propane spa bring the vacation feeling home. Morning swim, afternoon bike ride, sunset on the rooftop—this is how you do Sanibel!For the investment-minded buyer, the combination of residential rental potential and commercial space makes this an exciting opportunity to explore, including as a potential 1031 exchange acquisition. Enjoy the property yourself, pursue income opportunities, or create a live-work arrangement that fits your goals. All of this in a highly walkable island location, with restaurants, shops, banks, the post office, and daily conveniences steps away—and beaches, bike paths, and kayaking close at hand. Luxury, flexibility, income potential, and Sanibel charm in one compelling package. If you’ve been waiting for an island property with something extra, this is your cue. Bring your ideas. Make your move. Buy Now, Brag Later!
Bar
Disability Equipped
Other
Pantry
Smoke Detectors
Vaulted Ceiling(s)
Volume Ceiling
Wheel Chair Access
Window Coverings
Bike And Jog Path
See Remarks
Taxes: $7,837.12
Tax Year: 2024
Awning(s)
Balcony
Open Porch/Lanai
Courtyard
Outdoor Shower
Storage
Gas Cooktop
Dishwasher
Disposal
Dryer
Microwave
Range
Refrigerator/Freezer
Washer
Water Treatment Owned
Y
Building Description: Florida, Multi-Story Home, Traditional, Single Family
Community Type: No Subdivision, Non-Gated
MLS Area: Palm Ridge
Total Square Footage: 3,181
Total Floors: 4
Water: Central
Construction: Wood Frame, Stucco
Short Sale: No
Date Listed: 2026-11-15 00:00:00
Pool: Y
Pool Description: Pool/Spa Combo, Below Ground, Concrete, Custom Upgrades, Equipment Stays, Gas Heat, Lap, See Remarks
Private Spa: Y
Furnished: Furnished
Kitchen Description: Gas Available, Island, Pantry
Windows: Window Coverings
Parking: Covered, Guest, Load Space, Under Bldg Closed, Attached
Garage Description: Y
Garage Spaces: 2
Attached Garage: Y
Flooring: Wood
Roof: Metal
Heating: Central Electric, Propane, Zoned
Cooling: Ceiling Fan(S), Central Electric, Gas - Propane, Zoned
Storm Protection: Impact Resistant Doors, Impact Resistant Windows
Security: Smoke Detector(S)
Laundry: Washer/Dryer Hookup, Laundry In Residence
Irrigation: Central
Pets: Yes
Restrictions: None/Other
Rear Exposure: E
Sewer: Private Sewer
Lot Desc.: Regular
Amenities: Bike And Jog Path, See Remarks
Listing Courtesy Of: Royal Shell Real Estate, Inc.
mike@mcmurrayandmembers.com
$150K+ IN POTENTIAL GROSS INCOME—AND AN ISLAND LIFESTYLE TO MATCH! Own something truly different on Sanibel: an exceptional property that combines luxury residential living, commercial space, and the opportunity for multiple income streams. Live here, work here, invest here—bring your vision and put this remarkable property to work! Zoned TCL, this versatile mixed-use setting opens the door to possibilities for entrepreneurs, artists, and buyers seeking a flexible island lifestyle. Imagine a boutique, creative studio, office, or private gym and wellness concept with curated membership, subject to applicable approvals. With approximately 500 square feet of commercial space featuring hardwood floors, expansive windows, a half bath, and an accessible ramp, your next chapter has a place to begin. And the residence? Far beyond ordinary. Four thoughtfully designed levels offer beautiful gathering spaces, vaulted ceilings, rich wood flooring, and abundant natural light. Exceptional millwork, impact windows and doors, Hardie board siding, and Brazilian hardwood and composite decking reflect the quality throughout. The chef-inspired kitchen pairs Sub-Zero and Wolf appliances with beautifully designed cabinetry that works as well as it looks. The fourth-floor VIP suite is a standout, while the rooftop sun deck delivers bay breezes, water glimpses, and the perfect place to unwind. Outside, a 40-foot heated saltwater pool and high-efficiency propane spa bring the vacation feeling home. Morning swim, afternoon bike ride, sunset on the rooftop—this is how you do Sanibel!For the investment-minded buyer, the combination of residential rental potential and commercial space makes this an exciting opportunity to explore, including as a potential 1031 exchange acquisition. Enjoy the property yourself, pursue income opportunities, or create a live-work arrangement that fits your goals. All of this in a highly walkable island location, with restaurants, shops, banks, the post office, and daily conveniences steps away—and beaches, bike paths, and kayaking close at hand. Luxury, flexibility, income potential, and Sanibel charm in one compelling package. If you’ve been waiting for an island property with something extra, this is your cue. Bring your ideas. Make your move. Buy Now, Brag Later!
Property Details
Price: $1,695,000
Sq Ft: 2,000
($848 per
sqft)
Bedrooms: 4
Bathrooms: 3
Partial Baths: 1
City: Sanibel
County: Lee
Type: Single Family
Development: Palm Ridge
Acres: 0.2400
Virtual Tour/Floorplan: View
Year Built: 1989
Listing Number: 2026048098
Status Code: A-Active
Taxes: $7,837.12
Tax Year: 2024
Application Fee: $0.00
Garage:
2
/
Y
Furnishings: Furnished
Pets Allowed: Yes
Interior Features:
Bar
Disability Equipped
Other
Pantry
Smoke Detectors
Vaulted Ceiling(s)
Volume Ceiling
Wheel Chair Access
Window Coverings
Amenities:
Bike And Jog Path
See Remarks
Financial Information:
Taxes: $7,837.12
Tax Year: 2024
Exterior Features:
Awning(s)
Balcony
Open Porch/Lanai
Courtyard
Outdoor Shower
Storage
Equipment:
Gas Cooktop
Dishwasher
Disposal
Dryer
Microwave
Range
Refrigerator/Freezer
Washer
Water Treatment Owned
View:
Y
Additional Information:
Building Description: Florida, Multi-Story Home, Traditional, Single Family
Community Type: No Subdivision, Non-Gated
MLS Area: Palm Ridge
Total Square Footage: 3,181
Total Floors: 4
Water: Central
Construction: Wood Frame, Stucco
Short Sale: No
Date Listed: 2026-11-15 00:00:00
Pool: Y
Pool Description: Pool/Spa Combo, Below Ground, Concrete, Custom Upgrades, Equipment Stays, Gas Heat, Lap, See Remarks
Private Spa: Y
Furnished: Furnished
Kitchen Description: Gas Available, Island, Pantry
Windows: Window Coverings
Parking: Covered, Guest, Load Space, Under Bldg Closed, Attached
Garage Description: Y
Garage Spaces: 2
Attached Garage: Y
Flooring: Wood
Roof: Metal
Heating: Central Electric, Propane, Zoned
Cooling: Ceiling Fan(S), Central Electric, Gas - Propane, Zoned
Storm Protection: Impact Resistant Doors, Impact Resistant Windows
Security: Smoke Detector(S)
Laundry: Washer/Dryer Hookup, Laundry In Residence
Irrigation: Central
Pets: Yes
Restrictions: None/Other
Rear Exposure: E
Sewer: Private Sewer
Lot Desc.: Regular
Amenities: Bike And Jog Path, See Remarks
Map of 2480 Library Way, Sanibel, FL 33957
Listing Courtesy Of: Royal Shell Real Estate, Inc.
mike@mcmurrayandmembers.com