$2,459,000
$2,595,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Eric Pfeifer • Pfeifer Realty Group LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1630 Periwinkle Way Unit I, Sanibel, Florida, 33957, USA