1245 Periwinkle Way
Sanibel Fl 33957

2.44 Acres

$3,500,000

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OVERVIEW: Rare investment opportunity to own a hotel with nightly rentals on Sanibel Island. Perfectly positioned investment location along the islands bike path and walking distance to beaches, shopping, dining establishments FEATURES: 13 Rooms, each with private bathroom and kitchen. Efficiencies, studios, and three spacious A-frame cottages. 2.44-acres boasts spacious grounds, including a large pool, picnic areas, bike storage, ample parking, tranquil pond, office area, laundry facility and storage. VERSATILITY: Whether you envision a boutique hotel recreated within the existing footprint or redesigning for residential development, it offers the flexibility to explore both options. SANIBEL RARITY One of the few properties on Sanibel Island permitted for nightly rentals. VISIBILTY: located along the island's main road while benefiting from its set-back position, allows amble privacy. HIGHLIGHTS: Ideal visibility and located just under a mile from the beautiful white sandy beaches, this is an exceptional opportunity to create a unique hospitality experience. Don€™t miss this chance to own a piece of Sanibel and transform this iconic 1959 motel into a sought-after boutique hotel.

1245 Periwinkle Way
Sanibel Fl 33957

$3,500,000

  • Lee County
  • Date updated: 05/18/2024

Features

Lot Size: 2.44 acres
Year Built: 1959
Pool:
  • 0
Roof:
  • Tile
Property Type: Commercial
Construction:
  • Concrete
Taxes: $36,658

SANCAP #2230871

Listing Courtesy Of: Dawn Marie Ramsey, Pfeifer Realty Group LLC

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.

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