$5,999,000
Waterfront Home for Sale in Clamshell Condo
1801 Olde Middle Gulf Drive, Sanibel, FL, 33957
About this home
This is the site of the former Clamshell condominium complex which was comprised of six units, three, three-bedroom units and three two-bedroom units, a large pool and private boardwalk. This was all along the beach and Gulf of Mexico. The buildings have been taken down and the pool shell remains. The parcel offers 300 feet of beach frontage and approximately 2.54 acres of land. Zoned multifamily the subject property has a designated zoning categorization, as follows: D-1 (Lowlands Wetland Zone), E-2 (Gulf Beach Ridge) and A (Gulf Beach Zone). Many redevelopment options exist where the new properties would feature beach frontage and stunning views. On Sanibel Island between the well-known condominium complexes of Sand Dollar and Signal Inn, this parcel is close to it all including an 18-hole golf course, shops, restaurants, resorts and along Sanibel's scenic bike paths. This is your chance to be a part of the rebuilding of Sanibel Island.
Property details
- Type
- Residential
- Year built
- Not specified
- Interior
- Not specified
- Lot size
- 110,642.4 sqft
- Acreage
- 2.54 acres
- Garage
- None
- Days on market
- 714
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $83,986/yr
- Flood zone (area est.)
- Not available
- Storm protection
- None listed
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — Gulf frontage
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- New construction
- No
- Pets
- Not specified
- County
- Lee
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
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Market trends, Sanibel
Median of closed MLS sales each month over the available window. Months with too few sales are omitted; the range extends automatically as more sales close.
Live area medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $1,000,000 (14.3%) from the original list price.
| Nov 13, 2025 | Back on market | |
| Apr 1, 2025 | Price reducedfrom $6,500,000 | $5,999,000 |
| May 9, 2024 | Listed | $6,999,000 |
The good, the trade-offs & the location
- Gulf access (Direct — Gulf frontage)
- No garage listed
Straight-line distances to major SWFL amenities, approximate; actual drive times vary.
Nearby schools
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Similar homes nearby
Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.