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2480 Library WAY SANIBEL, FL 339571 / 50

$1,595,000

2480 Library WAY

location_onSANIBEL, FL 33957 · Lee County

3Beds3Baths1,972Sq Ft1989Built

About This Property

$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.

infoProperty Details

Property Type
Single Family Residence
Year Built
1989
Living Area
1,972 sqft
Lot Size
0.24 acres
Bedrooms
3
Bathrooms
3
Garage Spaces
2
Ownership
Single Family
Days on Market
190
List Date
Dec 4, 2025
Annual Taxes
$8K (2024)
HOA Fee
$0

chairInterior Features

Appliances

Gas CooktopDishwasherDisposalDryerMicrowaveRangeRefrigerator/FreezerWasherWater Treatment Owned

Flooring

Wood

Cooling

Ceiling Fan(s)Central ElectricGas - PropaneZoned

Heating

Central ElectricPropaneZoned

yardExterior & Lot

Construction

ElevatedPilingWood FrameStucco

Roof

Metal

Parking

2+ SpacesCoveredGuestLoad SpaceUnder Bldg ClosedWheelchair AccessGarage Door OpenerAttached

Pool

In GroundConcreteCustom UpgradesEquipment StaysGas HeatLapSee Remarks

Waterfront

None

View

Landscaped AreaPartial BayPreserve

Listed By

Royal Shell Real Estate, Inc.

239-472-0078