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: ?

For more information regarding the value of a property, please contact us for a free consultation.

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

HOA Y/N Yes

Originating Board Florida Gulf Coast

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

Interior

Cooling true

Fireplace No

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Waterfront Description None

Garage No

Building

Story 1

Level or Stories 1

New Construction No

Others

Senior Community No

Tax ID 30-46-23-T2-00302.0310

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SouthWest Florida Naples MLS (NABOR)
Listed by Pfeifer Realty Group LLC • Dawn Marie Ramsey
Bought with Pfeifer Realty Group LLC

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Megan & Patrick Finke

REALTORS®

+1(941) 253-7900

10752 Deerwood Park Blvd Suite 100, Jacksonville, Fl

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