2480 Library Way
Sanibel, FL 33957
- 3 Beds
- 3 Baths
- 1,972 sqft
3 Beds
3 Baths
1,972 sqft
Local Information
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Description
$150K+ in potential gross rental 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.
Home Highlights
Parking
Garage
Outdoor
Porch, Patio
View
Bay, Lawn/Garden, See Remarks
HOA
None
Price/Sqft
$809
Listed
144 days ago
Home Details for 2480 Library Way
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Interior Details Number of Rooms: 2Types of Rooms: Master Bedroom, Master Bathroom |
Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 3 |
Dimensions and Layout Living Area: 1972 Square Feet |
Appliances & Utilities Appliances: Cooktop, Disposal, Dryer, Internet Ready, Microwave, Refrigerator, Washer, Water Heater, See RemarksDisposalDryerMicrowaveRefrigeratorWasher |
Heating & Cooling Heating: Central,Heat PumpHas CoolingAir Conditioning: Ceiling Fan(s),Central Air,See RemarksHas HeatingHeating Fuel: Central |
Fireplace & Spa Spa: Heated, SpaNo Fireplace |
Windows, Doors, Floors & Walls Window: Impact Resistant Windows, Jalousie, Sliding, Storm Window(s)Door: French Doors, Impact Resistant Doors, Wind Rated Garage DoorFlooring: Wood, See Remarks |
Levels, Entrance, & Accessibility Accessibility: Handicap Accessible, Accessible EntranceElevatorFloors: Wood, See Remarks |
View Has a ViewView: Bay, Lawn/Garden, See Remarks |
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Exterior Home Features Roof: MetalPatio / Porch: Open Porch, PatioExterior: Awning(s), BalconyFoundation: Raised, Piling WoodNo Private Pool |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageParking Spaces: 2Parking: Garage Door Opener,Double Garage,See Remarks |
Pool Pool: In Ground, Equipment Stays, Fenced, Gas HeatPool |
Frontage Waterfront: None/Not ApplicableResponsible for Road Maintenance: Public Maintained RoadRoad Surface Type: PavedNot on Waterfront |
Water & Sewer Sewer: Private Sewer, See Remarks |
Farm & Range Frontage Length: 84 |
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Cumulative Days on Market: 102Days on Market: 144 |
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Year Built Year Built: 1989 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: See Remarks |
Building Construction Materials: Frame, See Remarks, Hard-l-Board, Stucco |
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Price List Price: $1,595,000Price Per Sqft: $809 |
Status Change & Dates Possession Timing: Close Of Escrow, Negotiable |
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MLS Status: Active |
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Direction & Address City: SanibelCommunity: Palm Ridge |
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Listing Agent Listing ID: 2251204 |
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Building Area Building Area: 3181 Square Feet |
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No HOA |
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Lot Area: 10454.4 sqft |
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Listing Terms: BTF/Cash |
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Lease Term: Month To Month |
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Mls Number: 2251204Water ViewWater View: Bay |
Last check for updates: about 16 hours ago
Listing courtesy of Mike H McMurray, (239) 850-7888
Royal Shell Real Estate, Inc.
Source: Sanibel And Captiva Island AOR, MLS#2251204

Price History for 2480 Library Way
| Date | Price | Event | Source |
|---|---|---|---|
| 02/20/2026 | $1,595,000 | PriceChange | Sanibel And Captiva Island AOR #2251204 |
| 01/29/2026 | $1,650,000 | PriceChange | Florida Gulf Coast MLS #2025019853 |
| 12/04/2025 | $1,750,000 | Listed For Sale | Florida Gulf Coast MLS #2025019853 |
| 06/25/2021 | $725,000 | Sold | Florida Gulf Coast MLS #221017651 |
| 04/26/2021 | $829,000 | Contingent | Sanibel And Captiva Island AOR #2210231 |
| 04/26/2021 | $829,000 | Pending | Florida Gulf Coast MLS #221017651 |
| 03/10/2021 | $829,000 | Listed For Sale | Sanibel And Captiva Island AOR #2210231 |
| 12/10/2020 | $600,000 | Sold | N/A |
| 10/26/2020 | $649,000 | Pending | Agent Provided |
| 03/18/2020 | $649,000 | Listed For Sale | Agent Provided |
| 06/10/2019 | $779,000 | ListingRemoved | Agent Provided |
| 03/01/2019 | $779,000 | PriceChange | Agent Provided |
| 12/17/2018 | $837,000 | Listed For Sale | Agent Provided |
| 11/01/2018 | $837,000 | ListingRemoved | Agent Provided |
| 09/26/2018 | $837,000 | PriceChange | Agent Provided |
| 05/30/2018 | $875,000 | PriceChange | Agent Provided |
| 02/16/2018 | $899,000 | PriceChange | Agent Provided |
| 01/04/2018 | $995,000 | Listed For Sale | Agent Provided |
| 05/02/2008 | $515,000 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $7,869 |
| Assessment | $594,780 |
Home facts updated by county records
Comparable Sales for 2480 Library Way
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.57 | Single-Family Home | $745,000 | 10/09/25 | 3 | 2 | 1,507 | |
0.81 | Single-Family Home | $670,000 | 05/30/25 | 3 | 2 | 2,026 | |
0.91 | Single-Family Home | $1,030,000 | 09/29/25 | 3 | 2.5 | 2,124 | |
0.96 | Single-Family Home | $525,000 | 09/24/25 | 3 | 2.5 | 1,440 | |
0.87 | Single-Family Home | $725,000 | 06/30/25 | 3 | 3 | 1,908 | |
0.94 | Single-Family Home | $800,000 | 10/24/25 | 3 | 2 | 2,046 | |
1.07 | Single-Family Home | $680,000 | 03/18/26 | 4 | 3 | 2,264 | |
1.08 | Single-Family Home | $708,000 | 07/03/25 | 3 | 2 | 1,802 | |
0.85 | Single-Family Home | $1,340,000 | 11/18/25 | 4 | 3 | 2,140 |
Assigned Schools
These are the assigned schools for 2480 Library Way.
What Locals Say about Sanibel
At least 52 Trulia users voted on each feature.
84 % Say it's dog friendly
83 % Say it's quiet
81 % Say people would walk alone at night
75 % Say parking is easy
72 % Say car is needed
67 % Say there's wildlife
64 % Say yards are well-kept
64 % Say there's holiday spirit
62 % Say they plan to stay for at least 5 years
56 % Say it's walkable to restaurants
49 % Say it's walkable to grocery stores
47 % Say neighbors are friendly
44 % Say there are community events
41 % Say there are sidewalks
27 % Say kids play outside
17 % Say streets are well-lit
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Mike H McMurray, Royal Shell Real Estate, Inc.
Agent Phone: (239) 850-7888

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
2480 Library Way, Sanibel, FL 33957 is a 3 bedroom, 3 bathroom, 1,972 sqft single-family home built in 1989. This property is currently available for sale and was listed by Sanibel And Captiva Island AOR on Dec 5, 2025. The MLS # for this home is MLS# 2251204.

