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

3,744 SqFt


SOLD DATE : 05/03/2024

Key Details

Sold Price $2,459,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,744 sqft

Price per Sqft $656

MLS Listing ID 224021129

Sold Date 05/03/24

Construction Status Resale

HOA Y/N No

Year Built 1969

Annual Tax Amount $9,895

Tax Year 2023

Lot Size 0.488 Acres

Acres 0.488

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

Area Si01 - Sanibel Island

Rooms

Bedroom Description NaN

Interior

Fireplace No

Exterior

Utilities Available Electricity Available, Sewer Available, Trash Collection, Water Available

Waterfront No

Waterfront Description None

Garage No

Building

Story 1

Construction Status Resale

Others

Senior Community No

Tax ID 30-46-23-T2-00302.0310

Financing Cash

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Listed by Pfeifer Realty Group LLC • Dawn Marie Ramsey
Bought with 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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