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$5,300,000 Just Listed

  • For Sale
  • Active
  • Business
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Once in a generation opportunity to own not one, but two, of the few remaining motel/hotel establishments on Sanibel Island! Legally permitted for nightly rentals and generating close to $1,000,000 in annual revenue, the Palmview and Sandpiper Inns are powerhouse performers with strong historical and future rental performance. Receiving a ground up renovation in 2024 with existing management in place (if the new owner so desires), both are well outfitted to offer their new owner a consistent, worry-free, income for years to come!

Full Property Details for 706 Donax St

General

  • Price: $5,300,000
  • Taxes: (2025)
  • Status: Active
  • Type: Business
  • Source: Bonita_Springs
  • MLS ID: 2026014066
  • Updated: Today (3/24/2026)
  • Added to Site: Today

Business

  • Business Type: Business w/Property

Interior

  • Furnished: Yes
  • Furnishings: Furnished

Location

  • Area: SI01 - Sanibel Island
  • County: Lee

Heating & Cooling

  • Air Conditioning: Yes

Structural Information

  • Description/Design: Lodging and Hospitality: Economy/Limited Service
  • Stories/Levels: 2
  • Stories in Building: 2
  • Year Built: 1960

Lot Features

  • Lot Size (Acres): 0.5
  • Lot Size (Sq. Ft.): 21,780
  • Lot Size Source: Field Measurements
  • Frontage Feet: 250

Water Features

  • Water Front Desc.: None
  • Canal Width: None

Financial Considerations

  • Price Per Acre: $883
  • Assoc Fee Freq.: Annually
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: SANIBEL SHORES NO.1 BLK 4 PB 6 PG 7 LOT 12, 14, 15
  • Inclusions: Building And Land, Business, Equipment, Fixtures, Furniture, Inventory
  • Property ID: 30-46-23-T2-00304.0140

Listed by Premier Sotheby's Int'l Realty

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— 706 Donax St —

  • Premier Sotheby's Int'l Realty

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Price & Sales History for 706 Donax St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/24/2026
Listed
$5,300,000
253.33%
MLS
9/30/2021
Sold
$1,500,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 706 Donax St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,321
9%
$1,158,468
9%
2024
$15,025
74%
$1,062,773
77%
2023
$8,611
-28%
$599,099
-31%
2021
$11,930
-1%
$873,264
—
2022
$12,057
1%
$877,151
1%
2021
$11,930
13%
$869,619
44%
2018
$10,517
4%
$604,663
-25%
2017
$10,131
2%
$804,696
—
2016
$9,921
-7%
$802,597
21%
2019
$10,664
47%
$665,129
46%
2015
$7,278
-1%
$454,293
—
2014
$7,318
-9%
$453,637
-7%
2013
$8,029
—
$487,627
—
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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Premier Sotheby's Int'l Realty

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706 Donax St, Sanibel, FL 33957 (MLS# 2026014066) is a Business property. 706 Donax St is currently listed for $5,300,000 and was received on March 24, 2026. Want to learn more about 706 Donax St? Do you have questions about finding other Business real estate for sale in Sanibel? You can browse all Sanibel real estate or contact a Coldwell Banker agent to request more information.

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