505 Lighthouse Way

Sanibel, FL 33957

$1,687,000
Price
4
Beds
2,491 Sq. Ft.
$677 / Sq. Ft.
2,491
Sq. Ft.
$677
per Sq. Ft.
a aerial view of a house with a lake view
an aerial view of a city with lots of residential buildings
a house view with a garden space
a view of house with yard in background
a view of yard with patio
a view of outdoor space and swimming pool
a view of a backyard with plants
an aerial view of a house with a yard and garden
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an aerial view of a houses with a lake

Description

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...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.
  1. Listed by Gregory Demaras • Pfeifer Realty Group LLC • g.demaras@portsidepg.com

Property Details for 505 Lighthouse Way

Development
SANIBEL ESTATES
Building Design
Single Family
Community Type
Boating, Non-Gated
Waterfront
Yes
Waterfront Desc
Canal Access, Navigable Water, Seawall
Waterfront Desc
Canal, Navigable, Seawall
View
Canal, Intersecting Canal
Garage Spaces
2.00
LISTING UPDATED: 02/04/2026 01:15 PM

Property Details for 505 Lighthouse Way

StatusActive
MLS #2026005751
Days on Market5
Taxes$11,135 / year
HOA Fees$500 / year
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family
Year Built1965
Lot Size0.31 AC / 13,721 SF
CountyLee County

Location

Listing Courtesy of Pfeifer Realty Group LLC, Gregory Demaras
Add your commute

Building Information for 505 Lighthouse Way

Stories2Year Built1965Building Size-Lot Size0.31 AC / 13,721 SF

Payment Calculator

$9,192 per month

30 year fixed, 6.15% Interest

Principal and Interest

$8,222

Property Taxes

$928

HOA Dues

$42

The Payment Calculator is for illustrative purposes only.

Property Information for 505 Lighthouse Way

Summary
Location and General Information
  • City: Sanibel
  • Directions: USE GPS
  • Human Modified: No
  • Latitude: 26.45
  • Longitude: -82.03
  • MLS Area Major: SI01 - Sanibel Island
  • Pets: No Approval Needed
  • Postal Code: 33957
  • Road Surface Type: Paved
  • Street Name: Lighthouse
  • Street Number: 505
  • Street Suffix: WAY
  • Block: 1500
  • Full Address: 505 Lighthouse WAY
  • View: Yes
Parking
  • Attached Garage: Yes
  • Carport Spaces: .00
  • Carport: No
  • Covered Spaces: 2.00
  • Garage: Yes
  • Parking Features: Attached, Driveway, Garage, Paved
Taxes and HOA Information
  • Amenity Rec Fee: $.00
  • Application Fee: $.00
  • Association Fee Total: $500.00
  • Association Fee Total Frequency: Annually
  • Association Fee 2: $500.00
  • Association Fee 2 Frequency: Annually
  • Maintenance: Legal Accounting, Reserve Fund, Road Maintenance
  • Association Mngmt Phone: 239-233-2976
  • Mandatory HOA: Yes
  • HOA Desc: Mandatory
  • Tax Annual Amount: $11,135.00
  • Tax Year: 2025
  • Transfer Fee: $.00
  • Association Fee 3: $.00
Property
Lot Information
  • Source of Measure Total Area: Appraiser
  • Development Name: SANIBEL ESTATES
  • Parcel Number: 20-46-23-T2-01500.0280
  • Property Type: Residential
  • Section: 20
  • Lot Unit: 28
  • Source of Measure Living Area: Appraiser
  • Source of Measure Lot Dimensions: Appraiser
  • Lot Desc: Rectangular Lot, Cul De Sac, Sprinklers Automatic
  • Acres: 0.315
  • Lot Size Area: 0.315
  • Lot Size Dimensions: 100 x 130 x 100 x 130
  • Source of Measurements: Appraiser
  • Lot Size Units: Acres
  • Legal Desc: SANIBEL ESTATES UNIT 4 OR 113 PG 652 LOT 28
Property and Assessments
  • Total Area: 3759.0
  • Rear Exposure: S
  • Approx Living Area: 2491.0
  • Possession: Close Of Escrow
  • Property Condition: Known Damage
  • Property Sub Type: Single Family Residence
  • Township: 46
  • Senior Community: false
  • Range: 23E
  • Special Assessment: 0.00
  • Sub Condo Name: SANIBEL ESTATES
  • Year Built Numeric: 1965
  • Property Sub Type Additional: Single Family Residence
  • Restrictions: No Restrictions
Lease Information
  • Land Lease Fee: $.00
  • 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: Central
  • Utilities: Cable Available
  • Water Source: Public
  • Water: Central
Multi Family
Multi-Family Information
  • Annual Food And Beverage Minimum: 0.00
  • Units in Complex: 1
  • Stories: 2.0
  • Total Floors: 2
  • Total One Time Fees: $.00
  • Units in Building: 1
Interior and Exterior Features
Exterior Features
  • Architectural Style: Two Story
  • Association Amenities: Beach Rights, Boat Dock, Beach Access, Boat Ramp
  • Canal Width: Canal Width 81-120
  • Community Features: Boat Facilities, Non Gated
  • Construction: Poured Concrete, Concrete Block
  • Exterior Features: Sprinkler Irrigation, None, Outdoor Kitchen, Patio
  • Exterior Features: Outdoor Kitchen, Patio, Sprinklers Auto
  • Irrigation Source: Municipal
  • Patio And Porch Features: Open, Patio, Porch
  • Pool Features: In Ground, Pool Equipment, Pool Spa Combo
  • Private Pool: Yes
  • Roof: Metal
  • Gulf Access Type: No Bridges, Water Direct
  • Gulf Access: Yes
  • Spa: Yes
Interior Features
  • Baths Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3.0
  • Beds Total: 4
  • Bedrooms: 4 Bed
  • Cooling: Central Air, Electric
  • Cooling: Yes
  • Door Features: French Doors
  • Elevator Text Details: None
  • Fireplace: Yes
  • Flooring: Other
  • Furnished Desc: Unfurnished
  • Heating: Central, Electric
  • Heating: Yes
  • Interior Features: Entrance Foyer, French Doors Atrium Doors, Fireplace, High Ceilings, Other, See Remarks, Cable Tv
  • Interior Features: Foyer, Fireplace, Volume Ceiling, Other, French Doors
  • Levels: Two
  • Spa Features: In Ground
  • Window Features: Casement Windows
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 505 Lighthouse Way

DateEvent & SourcePriceAppreciation
Feb 4, 2026

Listed (Active)

FORTMLS #2026005751

$1,687,000—
DateEvent & SourcePrice
02/04/2026

Listed (Active)

FORTMLS #2026005751

$1,687,000

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

Public Records for 505 Lighthouse Way

Taxable ValueLand-Additions-Total-
Tax Record2025$10,447 ($871 / month)
Home Facts
Beds4Total Finished SqFt2,491 SqFtAbove Grade Finished SqFt2,491 SqFtStories2Lot Size13,000 SqFtStyleSingle Family ResidenceYear Built1965Year Renovated1999CountyLEEAPN20-46-23-T2-01500.0280Fireplace TypeHas Fireplace

Schools near 505 Lighthouse 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.

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More information about 505 Lighthouse Way, Sanibel, FL 33957

505 Lighthouse Way is a single family home for sale in Sanibel, FL 33957. This property was listed for sale on February 4, 2026 by Pfeifer Realty Group LLC, it's currently listed at $1,687,000. 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. 505 Lighthouse Way is a 4-bed, 3-bath, 2,491 sqft single family home built in 1965.

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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Pfeifer Realty Group LLC, Gregory Demaras

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.