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2480 Library Way, Sanibel, FL 33957
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2480 Library Way, Sanibel, FL 33957 - 3 Bedroom Pool Home in Palm Ridge
$1,595,000
MLS Number
2025019853
Bedrooms
3 Bed
Bathrooms
3 Baths
Living Area
1,972 sq ft
Total Area
3,181 sq ft
Garage Spaces
2
Year Built
1989
Days on Market
86
home Property Description
$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.
fact_check The Basics
Property Type
Single Family
Gulf Access
No
Private Pool
Yes
Private Spa
Yes
Acres
0.24
Furnished
Furnished
Last Modified
1 week ago
roofing Building Features
Building Style
Florida, Multi-Story Home, See Remarks, Traditional
Construction Materials
Wood Frame, Stucco
Cooling
Ceiling Fan(s), Central Electric, Gas - Propane, Zoned
Covered Spaces
2
Elevator
None
Floor Plan
Great Room, Other, Split Bedrooms, 2 Story
Floors
4
Garage Spaces
2
Patio and Porch
Awning(s), Deck, Patio
Other Structures
Storage
Rear Exposure
East
Roof
Metal
Security Features
Smoke Detector(s)
Storm Protection
Impact Resistant Doors, Impact Resistant Windows
View
Landscaped Area, Partial Bay, Preserve
Water Source
Central
Window Features
Window Coverings
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chair Interior Features
Appliances & Equipment
Auto Garage Door, Cooktop - Gas, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator/Freezer, Smoke Detector, Washer, Washer/Dryer Hookup, Water Treatment Owned
Interior Features
Bar, Disability Equipped, Other, Pantry, Smoke Detectors, Vaulted Ceiling(s), Volume Ceiling, Wheel Chair Access, Window Coverings
Additional Rooms
Balcony, Exercise, Great Room, Guest Bath, Guest Room, Laundry in Residence, Open Porch/Lanai, Recreation, Workshop
Kitchen Features
Gas Available, Island, Pantry
Flooring
Wood
Gas
Yes
Laundry
Washer/Dryer Hookup, Laundry in Residence
holiday_village Neighborhood and Community
Pets Allowed
Yes
Amenities
Bike And Jog Path, See Remarks
Neighborhood
Palm Ridge
Neighborhood Type
No Subdivision, Non-Gated
Included in Fees
None
HOA Restrictions
None/Other
travel_luggage_and_bags Leasing Rules
Lease Limits
Yes
Leases Per Year
12
Minimum Days of Lease
30
Chris Farrugia, M.B.A.
Realtor® at The Listing Naples Group
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The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations. Copyright 2026 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.
Listing provided by Royal Shell Real Estate, Inc..
