Sanibel Real Estate Search

Sanibel Multi-Family Properties for Sale

Our website features the best real estate search for multi-family properties available in Sanibel and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes. 

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Newest Sanibel Multi-Family Homes for Sale

$1,295,000
3 Beds ⋅ 3 Baths ⋅ 2026031224 MLS
This one will make you smile . . . Experience island living in this exceptional, fully furnished residence offering breathtaking views of Clam Bayou and the Gulf of Mexico. This impeccably maintained home features two levels of beautifully designed living space, including a screened lanai, open sun porch, and expansive west-facing deck — perfect for enjoying sunsets. Turnkey-ready, this 3-bedroom, 2.5 bathroom home includes an elevator servicing all floors, including the top-level primary suite. The main level is centered around a great room with vaulted ceilings and floor-to-ceiling windows that frame bayou views. A custom kitchen opens into the dining and living areas, creating a warm, open-concept flow. Two spacious guest suites offer the flexibility of a den or office conversion to meet your lifestyle needs. The upper level is dedicated to the primary suite, complete with his-and-hers closets and a spa-style bathroom. Additional highlights include a generous two-car garage, with ample storage. Located in close proximity to Bowman's Beach, J.N. “Ding” Darling National Wildlife Refuge, and Captiva Island.

5425 Shearwater Drive, Sanibel
$1,475,000
5 Beds ⋅ 3 Baths ⋅ 226022420 MLS
Welcome to island living at its finest — a rare multi-family opportunity on the beloved shores of Sanibel Island. This turnkey income-producing property offers five bedrooms and three bathrooms, making it the perfect investment for those looking to capitalize on one of Florida's most sought-after coastal destinations. Just steps from the beach, this gem delivers the kind of lifestyle most people only dream about. Imagine waking up to salt-kissed breezes, strolling to the shoreline before breakfast, and ending your evenings at one of the many nearby restaurants within walking distance. It's not just a property — it's a front-row seat to paradise. Sanibel is internationally recognized as the "Seashell Capital of the World" known for it world-class shelling beaches, scenic bike paths and pristine nature preserves. Residents and visitors enjoy a coastal lifestyle surrounded by protected wildlife habitats, breathtaking gulf beaches, and the island's relaxed natural charm. The beauty of this investment extends well beyond the sand and surf. With future bookings already in place and ready to assume, your revenue stream begins practically the moment the keys change hands. That's not just convenient — that's downright delightful for any savvy investor. This property has a land lease in place.. Nature enthusiasts will appreciate the proximity to the Bailey Homestead Preserve, a stunning conservation area perfect for tranquil walks and wildlife spotting. Daily essentials are equally accessible, with Jerry's Foods just a short distance away for all your grocery needs. Sanibel Island continues to be one of the most desirable destinations on Florida's Gulf Coast, attracting visitors and residents alike with its unspoiled beaches, charming atmosphere, and laid-back energy. Multi-family properties in this location rarely come to market, so opportunities like this don't linger. Don't let this island treasure slip through your fingers — schedule your private showing today.

610 Donax Street Unit 311, Sanibel
$639,000
3 Beds ⋅ 3 Baths ⋅ 2026020743 MLS
Looking for an affordable beach property on Sanibel? Your search ends here! This modern, coastal-inspired townhouse is the perfect retreat, offering the ideal combination of serenity, nature, and an unbeatable location on the sought-after east end of the island. Located on a quiet dead-end street surrounded by lush woods, this beautifully updated 3-bedroom, 2.5 bathroom home provides the perfect escape from the everyday hustle, offering a peaceful slice of island life. Step inside to a bright and airy space, where sleek white and grey modern tile floors, soft light grey walls, and vaulted ceilings create a calming atmosphere. White shiplap accents and skylights amplify the spacious, open feel of the home, while large impact windows and doors invite abundant natural light and provide peace of mind during stormy weather. The heart of the home is the fully remodeled kitchen, featuring brand-new white craftsman-style cabinetry, warm grey granite countertops, and stainless-steel appliances. Whether you’re cooking a simple meal or hosting guests, this kitchen has everything you need to inspire your inner chef. Located in the desirable Dunes neighborhood, this townhouse offers a rare combination of privacy and convenience. Tucked away from the main roads, yet still just a short walk from all that the island has to offer. Whether you’re in the mood for a relaxing beach day, a delicious meal at one of the nearby restaurants, or a leisurely bike ride along scenic paths, everything is within easy reach. Picture yourself starting the day with coffee on your screened-in porch, taking in the peaceful views of the surrounding woods. The sounds of birds and rustling leaves create a perfect natural soundtrack to your morning. Then, step outside for a quick 5-minute walk to the beach, where you can bask in the sun, hunt for seashells, or enjoy a breathtaking sunrise over the Gulf of Mexico. Afterward, take a short bike ride to explore the island, stop for lunch at a nearby café or check out local shops. The charm of Sanibel’s relaxed pace is the ideal complement to this wonderful home, making it feel like a vacation every day. This townhouse isn’t just a place to live, it’s a lifestyle. Whether you’re soaking in the beauty of your surroundings, spending the day at the beach, or simply unwinding at home, this is the life you’ve always dreamed of. With its prime location, private setting, and thoughtful updates, this home truly embodies the essence of island living at its best. Come see for yourself and experience what it means to live in paradise. This townhouse offers more than just a place to call home, it’s the perfect setting for enjoying everything Sanibel has to offer. Make it yours today!

974 Greenwood Court S, Sanibel
$750,000
4 Beds ⋅ 2 Baths ⋅ 2026011777 MLS
Significant $50,000 Price Improvement -- Rare Elevated Multi-Family Opportunity on Sanibel Island, Now Offered at an Exceptional Price! — Less than a Five-Minute Walk to the Beach — Welcome to 746 Cardium Street, where the best of beachside living meets outstanding investment potential. Rarely available on Sanibel Island, this elevated multi-family property features two separate cottages, offering a unique and highly sought-after opportunity for both investors and lifestyle buyers alike. Ideally located less than a five-minute walk to one of Sanibel Island’s most renowned beaches, this exceptional property delivers the perfect blend of flexibility, charm, and income potential. The beautifully maintained property includes two inviting beach cottages, each offering 2 bedrooms and 1 bathroom, with a combined 1,280 square feet of living space under air.Importantly, the home has never sustained any damage from recent hurricanes, and the elevated construction has helped preserve the integrity of the living areas—providing valuable peace of mind in today’s market. The property also features a new roof installed in 2023,further enhancing its durability and long-term value. Whether you choose to live in one cottage while renting the other, or lease both to maximize income, the versatility of this property makes it ideal as a primary residence, seasonal retreat, or high-performing vacation rental investment. Perfectly positioned just off Periwinkle Way and Donax Road, you’ll enjoy effortless access to the beach just steps away, alongwith nearby shopping, dining, and island attractions via Middle Gulf Drive. Each elevated cottage offers its own private screened lanai,expansive decking, and dedicated storage for all your island essentials. The spacious lot also provides room for a potential private pool,allowing you to further enhance the outdoor living experience. Opportunities like this—an elevated, storm-resilient, multi-family property in such a prime Sanibel location—are few and far between. Don’t miss your chance to own a true slice of island paradise.

746 Cardium Street, Sanibel
$1,725,000
3 Beds ⋅ 3 Baths ⋅ 2026000168 MLS
Absolutely spectacular! The views of the Gulf and Clam Bayou from this gorgeous home are truly stunning. With two floors of living space that include a screened lanai and an open sun porch and with abundant windows, this home is positioned perfectly to capitalize upon the unbelievable views. Sunrise, sunset, throughout the day and star-gazing with no lights to interrupt... each moment of the day is incredible. The vaulted ceiling and plentiful windows in the living room that extends beautifully from the fabulous kitchen and dining room create a great room overlooking the water that is stunning. Two en suite guest bedrooms on this level compliment the space and offer the flexibility of creating a comfortable den or office. The primary suite encompasses the full top floor and is enhanced by the open porch with truly amazing views. An elevator services all three floors, from the enclosed garage to the primary suite. Every room has been thoughtfully and expertly designed with high quality finishes, decor, and furnishings perfectly suited to the space. Sold turnkey, this magazine-ready home is ready to enjoy with every detail completed. This is a home that needs nothing. It is a true opportunity for a discerning buyer looking for a beautifully done, impeccably maintained, near beach home. Come enjoy! This is the beach house you have been hoping to find!

5423 Shearwater Drive, Sanibel
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