Overview

Closing Costs Calculator
  • Status: Sold
  • Parking No info
  • Size: No info
  • Price Per: No info/No info
  • Type: Commercial/Investment
  • Built: 1969
  • HOA: No info
  • MLS Number: 224021129
  • View No info
  • On Site: 26 days
  • Updated: 23 Days Ago
  • Page Views: 1

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.

Contact Advisor

Price History

DateEventPriceChange RatePrice Per
05/03/2024Price Reduced$2,459,000.005.2%$115.63 ft2/$1,244.64 m2
03/09/2024Listed$2,595,000.00$122.03 ft2/$1,313.48 m2

Features

Property Details for 711 Donax, Sanibel, FL 33957

Commercial/Investment current status is Sold, 711 Donax is a Commercial/Investment in , Sanibel, FL 33957 with property MLS ID# 224021129. This Commercial/Investment has been listed on Best of Luxury Realty since April 30, 2024 and is currently priced at 2,459,000. This property was built in 1969.
SHOW MORE

Nearest Schools

Select Community

Select Another City

Sanibel, FL Nearby Cities

Fort Myers Beach
340 listings
$100,000 - $30,000,000

Mortgage Calculator

Property Price:
$2,459,000.00
Initial Payment:
Interest Rate:
Loan Term (in Years):
Mortgage Payment:
Get Pre-Qualified

Area Specialist

Buyer/Tenant Etiquette
Adbutler placeholder
Luis Venegas
Luis Venegas
Real Estate Advisor
Office: (239) 690-6170
Specialties:
Luxury Communities, Waterfront Single Family Homes
Contact Advisor
This property is courtesy of the Pfeifer Realty Group LLC. This listing has been viewed 1 times. 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.

Special Markers:

*Just Listed: New properties that came on the market within the last 15 days.
*Decrease/Increase: Listing values that are being calculated based on recorded price changes.
*Foreclosures/Short Sale: Please note, all properties are subject to bank approval. Buyers must be pre-approved or show proof of funds before submitting an offer.