Sanibel, FL 33957 706 Donax Street
$5,300,000
20 more
Presented By: Premier Sotheby's Int'l Realty
Home Details
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 $1,000,000 in annual revenue, the Palmview and Sandpiper Inns are powerhouse performers with strong historical and future rental performance. Receiving a ground up renovation in 2024 with existing management in place (if the new owner so desires), both are well outfitted to offer their new owner a consistent, worry-free, income for years to come! Agent possesses interest in this property.
Presented By: Premier Sotheby's Int'l Realty
Interior Features for 706 Donax Street
Other Interior Features
Air Conditioning Y/NYes
Total Stories2
General for 706 Donax Street
Business TypeHospitality
CitySanibel
CountyLee
HOA Fee$
HOA Fee 2
HOA Fee 3
Land Lease Amount
Lease Considered Y/NNo
Legal DescriptionSANIBEL SHORES NO.1 BLK 4 PB 6 PG 7 LOT 12, 14, 15
Lot Size UnitsAcres
MLS AreaSI01 - Sanibel Island
PostalCitySanibel
Property ConditionResale
Property SubtypeHotel/Motel
Property TypeCommercial Sale
Standard StatusActive
StatusActive
Tax Annual Amount22162.48
Tax Year2025
Virtual TourClick here
Waterfront FeaturesNone
Year Built1960
Exterior for 706 Donax Street
Covered Spaces
Lot Size Acres0.5
Lot Size Area0.5
Lot Size SourceMeasured
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Rebeca Lopez
Realtor®
