Sanibel, FL 33957,711 Donax St
Sanibel, FL 33957,711 Donax St
Sanibel, FL 33957,711 Donax St
Sanibel, FL 33957,711 Donax St
Sanibel, FL 33957,711 Donax St
Sanibel, FL 33957,711 Donax St
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$2,459,000

$2,595,000

5.2%
Est.Price: ?

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Est. payment /mo

0.49 Acres Lot


SOLD DATE : 05/03/2024

Key Details

Sold Price $2,459,000

Property Type Commercial

Sub Type Lodging & Hospitality

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 2240257

Sold Date 05/03/24

Year Built 1969

Annual Tax Amount $15,762

Tax Year 2022

Lot Size 0.490 Acres

Property Description

Welcome to the Driftwood Inn, a boutique gem located in Sanibel Island's Resort Housing district, offering nightly rentals. This is a rare opportunity to acquire one of a few properties with nightly rentals on Sanibel Island. This well-established property is in one of Florida's most coveted beach destinations. Featuring four charming two-bedroom / two-bathroom cottages with full kitchens and screened lanais just seven houses from the beach access. Meticulously maintained, efficiently managed, and conveniently located near restaurants and shops, the Inn provides a perfect balance of island tranquility and accessibility. The Driftwood’s Island charm, peaceful grounds, and ideal location make it a top choice for island vacationers. Recent renovations exceeding $600,000 make it a turnkey investment opportunity with reservations already secured. Projections for 2024 forecast a robust gross rental income of $315,000, supported by strong occupancy and loyal repeat guests. The Driftwood Inn offers the perfect combination of rental income and real estate value appreciation, making it a sound investment opportunity in the hospitality market.

Location

State FL

County Lee County

Exterior

Exterior Feature Open Parking, Sign Incl. with Sale, Sign Owned

Waterfront Description No

Building

Sewer City

Water City

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Listed by Dawn Marie Ramsey • Pfeifer Realty Group LLC
Bought with Eric Pfeifer • Pfeifer Realty Group LLC
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(239) 472-0004

info@pfeiferrealtygroup.com

1630 Periwinkle Way Unit I, Sanibel, Florida, 33957, USA

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