In order to reveal the intrinsic mechanism of the mechanical properties of lime-treated sandy soil from a microscopic perspective, triaxial tests were conducted to analyze the macroscopic mechanical characteristics of sandy soil with different lime contents (0%, 5%, 8%, and 12%). The changes in the microstructure of the lime-treated sandy soil were studied through scanning electron microscopy, energy-dispersive spectroscopy, and mercury intrusion tests, combined with fractal theory for quantitative characterization. The results indicate that the stress-strain curve of lime-treated sandy soil can be divided into four stages: linear elastic, non-linear, failure, and residual strength. With the increase in lime content, the peak stress and cohesion first increase and then decrease, while the internal friction angle first decreases and then increases, suggesting the presence of an optimal threshold for lime content between 5% and 12%. The failure mode transitions from diagonal shear failure to bulging failure, significantly enhancing stability; both the fitted Mohr-Coulomb and Drucker-Prager failure criteria effectively reflect the failure patterns of the specimens in principal stress space. The results based on the three fractal dimensions demonstrate that lime-treated sandy soil exhibits clear fractal characteristics, with the highest fractal dimension value at a lime content of 8%, corresponding to the highest overall strength. In addition, the fractal dimension shows a binomial relationship with pore characteristic parameters and shear strength parameters; it can effectively characterize the complexity of the microstructure and accurately predict changes in shear strength parameters.