Premier opportunity offered on Lighthouse Way, one of Sanibel's

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Home For Sale

505 Lighthouse Way

Sanibel, Florida 33957

Lee County

Waterfront: Yes

Community: SANIBEL ESTATES

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$1,687,000 4 br, 3.0 bath 2491 sq. ft. 0.315 acres

Premier opportunity offered on Lighthouse Way, one of Sanibel's most premier East End streets, this property presents a rare 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 true boater's 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 footprint, mature tropical landscaping, and space for outdoor living and entertaining, ready to be reimagined to today's standards. The 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.

Interior:
  • Bedrooms: 4
  • Baths: 3.0
  • Sq Ft: 2491
  • Year Built: 1965
  • Utilities: 
  • Fireplaces: Has Fireplace
  • Stories: 2
  • Heat/AC: Central, Electric (Heating)
  • Garage: Garage, Driveway
Exterior:
  • Lot Size: 0.315 acre
  • Lot Dimensions: 
  • Waterfront: Yes
  • View Types: 
  • Yard: 
  • Siding: Block, Concrete, Stucco
  • Roof: Metal
  • Property Taxes: $11,135
  • Swimming Pool: Yes
  • MLS #: 2026005751
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Contact Information:
Beach Home For Sale in Sanibel, Florida
Listing Agent: Gregory Demaras, Pfeifer Realty Group, 917-837-7009, 239-472-0004 Listing Site, Listing Status: Active
Copyright © 2025 Florida Gulf Coast Multiple Listing Service, Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7227708
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Updated: Feb 04, 2026

This property is a Home located at 505 Lighthouse Way, Sanibel, Florida 33957, and is currently For Sale at $1,687,000. This Home has 4 bedrooms, 3.0 baths, 2491 sq ft.