610 Donax St 311, SANIBEL Property Listing: MLS® #223021154

610 Donax St 311

$1,999,999
$10,644/m

Estimate Your Monthly Payment

Loan Amount: financing_price
Estimated Payment (30 Year Fixed Loan): 10644
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  • 5 Beds
  • 3 Baths
  • - Sqft
  • 1980 Year
  • No Pool
  • No Waterfront
  • - Acres
  • 424 DOM

About This Property

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.

Call or text Ryan Schwartz at 239.500.8000

Price Change History

For 610 Donax St 311, SANIBEL, FL (MLS® #223021154)

Date Details Change
Price Reduced from $2,350,000 to $1,999,999 $350,001 (14.89%)

General Information

  • MLS® #: 223021154
  • Price: $1,999,999
  • Days on Market: 424
  • Address: 610 Donax St 311
  • County: Lee
  • Year Built: 1980
  • Type: Residential Income
  • Bedrooms: 5
  • Bathrooms: 3.00
  • Full Baths: 3
  • Square Footage: 2500.00
  • Acres: 0.00
  • Waterfront: None
  • Sub-Type: Triplex
  • Style: Other
  • Status: Active

Amenities

  • Amenities: Beach Rights, Beach Access
  • Utilities: Cable Available
  • Features: Oversized Lot
  • Waterfront: None

Interior

  • Interior: Wood
  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Exterior

  • Exterior: Vinyl Siding, Wood Frame
  • Exterior Features: None
  • Lot Description: Oversized Lot
  • Windows: Other
  • Roof: Metal
  • Construction: Vinyl Siding, Wood Frame

Financials

  • Price: $1,999,999
  • Zoning: Mf
  • HOA Fees: N/a

Listing Details

  • Office: Re/max Trend

Community Information

  • Area Si01 - Sanibel Island
  • Subdivision Sanibel Surfside Condo
  • City Sanibel
  • County Lee
  • State Fl
  • Zip Code 33957

Inquire now for more information about the community of Find out more!

Subdivision Statistics

  Listings Average DOM Average Price Average $/SF Median $/SF List/Sale price
Active 2 240 $1,575,000 $1,150 $1,999,999 $1,999,999
Sold (past 6 mths) 0 - - - - -

Ryan Schwartz

Realtor®

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