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610 Donax Street #311, Sanibel, FL 33957
$1,999,999
610 Donax Street #311, Sanibel, FL 33957View this property at 610 Donax Street #311, Sanibel, FL 33957
610 Donax Street #311SanibelFL33957
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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.
Full Property Details
Full Property Details for 610 Donax St #311
General
- Price: $1,999,999
- Taxes: $9,386 (2022)
- Status: Active
- Type: Triplex
- MLS ID: 223021154
- Updated: 4/8/2024
- Added to Site: 403 day(s) ago
Interior
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Additional Information
- Shared Amenities: Beach Rights, Beach Access
Exterior
- Exterior Features: None
Location
- County: Lee
- Subdivision: SANIBEL SURFSIDE CONDO
Community
- Community Name: SI01 - Sanibel Island
- Pets Allowed: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Other
- Structure Type: Triplex
- Construction: Vinyl Siding, Wood Frame
- Roof: Metal
- Windows: Other
- Year Built: 1980
- Property Condition: Resale
Lot Features
- Lot Size Source: Survey
- Irrigation System: None
- Lot Features: Oversized Lot
- Zoning: MF
Financial Considerations
- Operating Expenses: $61,485.67
- Tax Amount: $9,386.2
- Tax Year: 2022
- Terms: All Financing Considered, Cash
- Tenant Pays: See Remarks
Disclosures and Reports
- Legal Description: SANIBEL SURFSIDE CONDO COMMON ELEMENTS 1175/1091 TENNIS CTS-POOL-TRIPLEX
- Property ID: 30-46-23-T2-01600.00CE
Listed by RE/MAX Trend
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Schools
Schools serving 610 Donax St #311
School District:Lee County School District
Rating | Name | Grades | Distance |
---|---|---|---|
3840 Sanibel Captiva Rd, Sanibel, FL 33957 | K-8 | 4.4 mi | |
8901 Cypress Lake Dr, Fort Myers, FL 33919 | 6-8 | 11.6 mi | |
6750 Panther Ln, Fort Myers, FL 33919 | 9-12 | 11.4 mi | |
14020 Plantation Rd, Fort Myers, FL 33912 | 9-12 | 14 mi | |
2635 Cortez Blvd, Fort Myers, FL 33901 | 9-12 | 16.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 610 Donax St #311
Date
Details
Price
Change
Source
10/24/2023
Price Reduced
$1,999,999
-14.89%
MLS
3/17/2023
Listed
$2,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 610 Donax St #311
610 Donax Street #311, Sanibel, FL 33957 (MLS# 223021154) is a Triplex property with 5 bedrooms and 3 full bathrooms. 610 Donax Street #311 is currently listed for $1,999,999 and was received on March 17, 2023. Want to learn more about 610 Donax Street #311? Do you have questions about finding other Triplex real estate for sale in Sanibel? You can browse all Sanibel real estate or contact a Coldwell Banker agent to request more information.