Active

610 Donax ST 311

SANIBEL FL, 33957

$1,999,999


$800.00 per sqft

Active

5 Beds

3 Baths

2,500 sqft

Multi-family

Built in 1980

Fully rebuilt after Hurricane Ian devastated Sanibel, this gem is a once in a lifetime opportunity for a buyer looking for an impressive income stream. This quaint three unit Inn is located in the Resort Zone and has always been rented as a daily rental. Just steps away from the Donax St beach, it has consistently been a priority destination for visiting tourists that love Sanibel for its shells, beaches and small town vibe.
While the second floor was not touched by Hurricane Ian, we have still upgraded it as part of our rebuild, new Central Air Conditioner, new furniture and enhancements were important in include. The other 2 units have been rebuilt in totality, ground up. Also new roof, new siding, new landscaping, we have focused on each part of the process with forethought and care to make this again a destination for guests throughout the Country and Internationally.
This Inn has been rented on the major online accounts since 2017 and has built up a reputation for consistent bookings. 2024 calendar is already booking out, so a buyer will close with income already in place. In addition, many previous guests book direct and come back year after year.
This special property is a 100 year land lease with over 50 years remaining and a smart and stable investment without the volatility of other investment options. With all the working policies and procedures already in place, a new owner can virtually take over an established business, streamlined with proven efficiencies and income.

223021154

MLS ID

March 17, 2023

Listed

April 15, 2024

Updated

Map

610 Donax ST 311
SANIBEL FL, 33957

Interior Features

Bedrooms

5 Beds


Bathrooms

3 Baths


Floor Description

Wood


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Electric


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Exterior Features

None


Lot Features

Oversized Lot


Architectual Style

Other


Roof

Metal


Sewer

Public Sewer

Other Property Details

Area Name

SI01 - Sanibel Island


Taxes

$9,386


Tax Frequency

Annually


Days on Market

395


Association Amenities

Beach Rights, Beach Access


Garage

No


View

No


County

Lee


Water Source

Public


Pool

No


Buyer Agency Compensation

2%

Listed by April Nixon, RE/MAX Trend

Listing Contact: 239-541-1661 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Current Coastal Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 4:10 PM UTC, 4/15/2024

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