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