610 Donax Street Unit 311
Sanibel, FL 33957

  • 5 beds
  • 3 baths
  • – sqft
  • 1980 build
  • on site

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.

Florida Gulf Coast Multiple Listing Service logo Listing courtesy of FGCMLS / RE/MAX Trend

Last checked: Checking… • Last updated Apr 15, 2024 •

MLS# 223021154 —

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610 Donax Street Unit 311

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This multifamily located in Middle Gulf Drive, Sanibel, FL 33957 is currently for sale for $1,999,999. 610 Donax Street Unit 311 is a – square foot multifamily with 5 beds and 3 baths that has been on Estately for 415 days. 610 Donax Street Unit 311 is in the Middle Gulf Drive neighborhood of Sanibel and has a WalkScore® of 15, making it car-dependent. This multifamily is in the attendance area of The Sanibel School, Cypress Lake High School, Cypress Lake Middle School, South Fort Myers High School, Estero High School, Fort Myers High School, Fort Myers Middle Academy, Paul Laurence Dunbar Middle School, and Dunbar High School.

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Listing Courtesy of: FGCMLS and RE/MAX Trend. Data displayed here has not been verified by Estately. Disclaimers

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