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About This Home
This 3-bedroom, 3-bathroom single family at 2480 Library Way in Sanibel, FL is listed for $1,595,000 ($809 per sqft). Built in 1989, the home offers 1,972 sqft of living space on a 0.24 acres lot.
$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.
Key Features
- Built in 1989
- 0.24 acre lot
- 2 stories
- Private pool
Property Details
Amenities
Monthly Cost Estimate
$8,530/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2480 Library Way
Sanibel, FL 33957
PALM RIDGE
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Pool Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 3-bathroom single family at 2480 Library Way is listed at $1,595,000 ($809/sqft). The estimated monthly payment is $6,912 based on 20% down at 6.5% interest.
Key features include: Built in 1989, 0.24 acre lot, 2 stories, Private pool. Interior Features: BreakfastBar, Bathtub, DualSinks. Exterior Features: Courtyard, Deck, Fence.
This property is listed by Michael McMurray and can be reached at 2398507888 or Mike@mcmurrayandmembers.com.
