711 Donax Sanibel, FL 33957
Overview
- Status: Sold
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 21,266 ft2/1,975.68 m2
- Price Per: $115.63 ft2/$1,244.64 m2
- Type: Commercial/Investment
- Built: 1969
- HOA: No info
- MLS Number: 224021129
- View No info
- On Site: 48 days
- Updated: Listing Refreshed: 44 Days Ago
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.
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 05/03/2024 | Price Reduced | $2,459,000.00 | 5.2% | $115.63 ft2/$1,244.64 m2 |
| 03/09/2024 | Listed | $2,595,000.00 | $122.03 ft2/$1,313.48 m2 |
Contact Information
This property is courtesy of the Pfeifer Realty Group LLC. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.