610 Donax Street 311
Sanibel Fl 33957

5 Beds, 3 Full baths

$1,999,999

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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.

610 Donax Street 311
Sanibel Fl 33957

$1,999,999

  • Lee County
  • Date updated: 04/28/2024

Features

Beds: 5
Baths: 3 Full
Lot Description:
  • Oversized Lot
Year Built: 1980
Air Conditioning:
  • Central Air
  • Electric
Pool:
  • 0
Roof:
  • Tile
Property Type: Residential
Construction:
  • Vinyl Siding
  • Wood Frame
Subdivision:
  • Sanibel Surfside Condo
Amenities:
  • Beach Rights
  • Beach Access
Taxes: $9,386

FGCMLS #223021154

Listing Courtesy Of: April Nixon, RE/MAX Trend

The MLS listing data sources are listed below. The MLS listing information is provided exclusively for consumer's personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.


Properties marked with the FGCMLS are provided courtesy of The Florida Gulf Coast Multiple Listing Service, Inc.

Properties marked with the SANCAP are provided courtesy of Sanibel & Captiva Islands Association of REALTORS®, Inc.