2163-2153 Periwinkle Way

Sanibel, FL 33957

$4,750,000
Price
166,399 / 3.82
Lot Size / Acres
unknown
a signage on a brick wall
a view of sign board
a sign on green field
a sign that is on the side of a building
a car parked in front of a building
a view of multiple houses with a city street
a view of house with yard
a table with a rug and a vase
a front view of a house with garden
a view of a house with a yard
a front view of a house with a yard
a front view of a house with a yard and garage
a view of city and ocean
a view of an ocean
a close view of dining table with chairs
a view of people sitting in front of retail shops
a group of people sitting outside of a building
a view of water fountain in front of building
a view of a room with gym equipment
a group of people sitting in a room
a kitchen with stainless steel appliances kitchen island granite countertop a table and chairs in it
a view of a sky from a terrace
a view of an ocean
a view of ocean from a balcony
a view of bathroom
an aerial view of residential houses with outdoor space
a view of a bathroom
a black and white photo of a bathroom
a bathroom with a shower

Description

Imagine, the island cow village! RESIDENTIAL and COMMERCIAL Combined development APPROVED for the following uses: A RESTAURANT within the General Commercial District and EIGHT RESIDENTIAL home sites. RESIDENTIAL and COMMERCIAL Combined development APPROVED for the following uses: A RESTAURANT within the General Commercial District and EIGHT RESIDENTIAL home sites (3 SINGLE FAMILY residences, 1 DUPLEX, and 1 TRIPLEX). Previously home to the well-established and highly profitable ISLAND COW RESTAURANT...Imagine, the island cow village! RESIDENTIAL and COMMERCIAL Combined development APPROVED for the following uses: A RESTAURANT within the General Commercial District and EIGHT RESIDENTIAL home sites. RESIDENTIAL and COMMERCIAL Combined development APPROVED for the following uses: A RESTAURANT within the General Commercial District and EIGHT RESIDENTIAL home sites (3 SINGLE FAMILY residences, 1 DUPLEX, and 1 TRIPLEX). Previously home to the well-established and highly profitable ISLAND COW RESTAURANT with an EXCEPTIONAL REPUTATION and following from both locals and tourists. The sale includes the land, business rights, APPROVED PLANS and the ISLAND COW BRAND. PRIME LOCATION next to the Community House and City Park along the Islands main thoroughfare with excellent exposure. Ideal location near the City Center with high volume of pedestrian, cyclist and vehicle traffic. In the heart of the island. Steps away from the Periwinkle Plaza Mall, Village Shops, Library, Bustling Farmers Market, Arts and Theatre. Turnkey project- with plans included! Experienced local contractors, engineers and restaurant designers set to start! Estimated restaurant build time: eight months with the current builder and approved plans. Investment Highlights:
Approved plans to EXPAND RESTAURANT SEATING CAPACITY and allow for the
DEVELOPMENT OF EIGHT RESIDENTIAL DWELLINGS. Flexibility to DEVELOP IN PHASES, starting with the construction of the restaurant allows for faster income with a fully operational restaurant. Installing the necessary infrastructure: roads, plumbing, and electrical systems to support the residential lots ENSURE FUTURE INVESTMENT PROFITS. LONG-TERM VALUE: Residential Infrastructure development enhances the property's worth, regardless of the residential development path chosen. Build and Sell, Build and lease, sell individual lots or sell to a developer. Strategic phasing: staggered investment approach by developing in phases allows for optimizing cash flow and risk management. Liquor License: Newly designed plans approved for 120 seats to meeting criteria for new Florida Law 2023-65, effective July 1, 2023. To obtain a 4COP-SFS license.
  1. Listed by Dawn Marie Ramsey • Pfeifer Realty Group LLC • dawn@Pfeiferrealtygroup.com
  2. Listed by Eric Pfeifer • Pfeifer Realty Group LLC

Property Details for 2163-2153 Periwinkle Way

Development
NOT APPLICABLE
Community Type
Non-Gated
Waterfront
No
Waterfront Desc
None
Waterfront Desc
None
View
Landscaped Area, Partial Buildings, Wooded Area
LISTING UPDATED: 01/30/2026 10:25 AM

Property Details for 2163-2153 Periwinkle Way

StatusActive
MLS #225016441
Days on Market355
Taxes$18,739 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot & Land
Year Built-
Lot Size3.82 AC
CountyLee County

Location

Listing Courtesy of Pfeifer Realty Group LLC, Dawn Marie Ramsey; Pfeifer Realty Group LLC, Eric Pfeifer
Add your commute

Building Information for 2163-2153 Periwinkle Way

Lot Size3.82 AC

Payment Calculator

$24,712 per month

30 year fixed, 6.15% Interest

Principal and Interest

$23,151

Property Taxes

$1,562

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2163-2153 Periwinkle Way

Summary
Location and General Information
  • City: Sanibel
  • Directions: Enter Sanibel Island to the four-way stop along Periwinkle Way. Turn right on Periwinkle- 2.2 miles on the left is 2163 and 2153 Periwinkle Way.
  • Human Modified: Yes
  • Latitude: 26.44
  • Longitude: -82.07
  • MLS Area Major: SI01 - Sanibel Island
  • Postal Code: 33957
  • Road Responsibility: Public Maintained Road
  • Street Name: Periwinkle
  • Street Number: 2163 & 2153
  • Street Suffix: WAY
  • Block: N/A
  • Full Address: 2163 & 2153 Periwinkle WAY
  • Location: Prime location on the island’s main thoroughfare with outstanding visibility near the Community Center. High foot, bike & vehicle traffic. Adjacent to Community House & Park, steps from Periwinkle Mall, Village Shops, Library, Farmers Market & Arts Center
Parking
  • Covered Spaces: .00
Taxes and HOA Information
  • Amenity Rec Fee: $.00
  • Application Fee: $.00
  • Association Fee Total Frequency: Annually
  • Association Fee 2: $.00
  • Maintenance: None
  • Tax Annual Amount: $18,739.06
  • Tax Year: 2024
  • Transfer Fee: $.00
  • Association Fee 3: $.00
Property
Lot Information
  • Other PI Ds: 25-46-22-T1-00003.0010
  • Development Name: NOT APPLICABLE
  • Parcel Number: 25-46-22-T1-00002.0020
  • Property Type: Lot & Land
  • Section: 25
  • Lot Unit: N/A
  • Source of Measure Lot Dimensions: Appraiser
  • Lot Desc: See Remarks
  • Acres: 3.82
  • Lot Size Area: 3.82
  • Source of Measurements: Appraiser
  • Lot Size Units: Acres
  • Legal Desc: W 1/5 OF SW 1/4 OF NW 1/4 S OF SR 867 LESS THE W 95.51 FT And PARL IN SW 1/4 OF NW 1/4 AS DESC IN OR 357/0671
  • Current Use: Commercial, Multi Family, Other, Single Family, See Remarks
Property and Assessments
  • Rear Exposure: S
  • Possession: Close Of Escrow
  • Property Sub Type: Commercial
  • Township: 46
  • Senior Community: false
  • Range: 22E
  • Special Assessment: 0.00
  • Sub Condo Name: NOT APPLICABLE
  • Property Sub Type Additional: Commercial, Unimproved Land
  • Restrictions: Architectural
  • Zoning Code: Gen Comm and Residential
Lease Information
  • Land Lease Fee: $.00
  • Lease Considered: No
  • Sale Or Lease Includes: Business,Land Only,Other See Remarks,Trade Name
  • One Time Land Lease Fee: $.00
  • One Time Mandatory Club Fee: $.00
  • One Time Othe Fee: $.00
  • One Time Special Assessment Fee: $.00
Utilities
  • Sewer: None
  • Utilities: None, Sewer Not Available, Water Not Available
  • Water Source: None
  • Water: None
Multi Family
Multi-Family Information
  • Business Name: Island Cow of Sanibel
  • Business Type: Restaurant
  • Annual Food And Beverage Minimum: 0.00
  • Total Floors: 0
Interior and Exterior Features
Exterior Features
  • Association Amenities: Restaurant
  • Canal Width: None
  • Community Features: Non Gated
  • Exterior Features: None
  • Irrigation Source: None
  • Gulf Access: No
Interior Features
  • Cooling: See Remarks
  • Elevator Text Details: None
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 2163-2153 Periwinkle Way

DateEvent & SourcePriceAppreciation
Feb 11, 2025

Listed (Active)

FORTMLS #225016441

$4,750,000—
DateEvent & SourcePrice
02/11/2025

Listed (Active)

FORTMLS #225016441

$4,750,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2163-2153 Periwinkle Way

This home is within School District of Lee County.
Rating
School
Type
Grades
Distance
Harlem Heights Community Charter School
Charter - K to 5
Amikids Southwest Florida
Public - 6 to 12
Oasis Charter High School
Charter - 9 to 12
Oasis Charter Middle School
Charter - 6 to 8
Rating
School
Distance
Harlem Heights Community Charter School
CharterK to 5

Amikids Southwest Florida
Public6 to 12

Oasis Charter High School
Charter9 to 12

Oasis Charter Middle School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 2163-2153 Periwinkle Way, Sanibel, FL 33957

2163-2153 Periwinkle Way is a 3.82 ac of land for sale in Sanibel, FL 33957. This property was listed for sale on February 11, 2025 by Pfeifer Realty Group LLC, it's currently listed at $4,750,000. This listing's school district is School District of Lee County. Nearby schools include Harlem Heights Community Charter School, Amikids Southwest Florida and Oasis Charter High School. 2163-2153 Periwinkle Way is a 0-bed, 0-bath, 3.82 ac of land on a 166,399 sq. ft. / 3.82 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pfeifer Realty Group LLC, Dawn Marie Ramsey; Pfeifer Realty Group LLC, Eric Pfeifer

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.