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About This Home
This 0-bedroom, 0-bathroom single family at 706 Donax Street in Sanibel, FL is listed for $5,300,000. Built in 1960, on a 0.50 acres lot.
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! Agent possesses interest in this property.
Key Features
- Built in 1960
- 0.50 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$28,346/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
706 Donax Street
Sanibel, FL 33957
Questions & Answers
This 0-bedroom, 0-bathroom single family at 706 Donax Street is listed at $5,300,000. The estimated monthly payment is $22,967 based on 20% down at 6.5% interest.
Key features include: Built in 1960, 0.50 acre lot, 2 stories.
This property is listed by Palmer Rosen and can be reached at 2394722735 or palmer@rosenvacations.com.
