Naples & Southwest Florida Real Estate
Matt Loveall (239) 293-2045 direct!
Courtesy of RE/MAX Trend
Reduced $350,001 on Oct 24
  • 610 Donax St 311

    MLS#: 223021154
  • $1,999,999

Request a Showing for 610 Donax St 311, Sanibel, FL 33957

Property Description
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.
Property Features
    Full Baths
  • 3
    Amenities
  • Beach Access
    Cooling
  • Central Electric
    Heat
  • Central Electric
    Private Pool
  • No
    Private Spa
  • No
    Construction Description
  • Wood Frame
    Flooring
  • Wood
    Water Front
  • No
    Gulf Access
  • No
    Pets
  • No Approval Needed
    Taxes
  • 9386.2
    Tax Year
  • 2022
    Windows
  • Other
    Unit Count
  • 1
    Units In Building
  • 3
    Possession
  • See Remarks
Courtesy of RE/MAX Trend
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The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2017 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.
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