Sanibel, FL 33957 610 Donax Street # 311

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Presented By: RE/MAX Trend
  • MLS# 223021154
  • 03/17/2023
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • Beds • 5
  • Baths • 3
  • SQFT • 2,500

Home Details

Fully rebuilt and open for business since March 2024 with over $150K in bookings in only 5 months!. Buyer is buying a business with a guarantee 50+ years land lease with thriving earnings already in place. All bookings for future dates will be passed on to the buyer. 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. New Central Air Conditioner, new furniture and enhancements in upper unit. 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.
Presented By: RE/MAX Trend

Interior Features for 610 Donax Street # 311

Bedrooms

Total Bedrooms5

Bathrooms

Total Baths3

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringWood
Heating Y/NYes
Window FeaturesOther

General for 610 Donax Street # 311

Additional Parcels Y/NNo
Architectural StyleSeeRemarks
Association AmenitiesBeachRights, BeachAccess
Attached Garage No
Carport Y/NNo
CitySANIBEL
Community FeaturesCondoHotelCommunity, NearHotelMotel, NonGated
Condo Fee0.0
Construction MaterialsVinylSiding, WoodFrame
CoolingCentralAir, Electric
CountyLee
Days on Market548
Electric On Property Y/NNo
Exterior FeaturesNone
Full Baths3
Garage Y/NNo
HOA0.0
HeatingCentral, Electric
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Amount0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionSANIBEL SURFSIDE CONDO COMMON ELEMENTS 1175/1091 TENNIS CTS-POOL-TRIPLEX
Lot Size UnitsAcres
MLS AreaSI01 - Sanibel Island
MobileHomeRemainsYNNo
Net Operating Income213128.17
New ConstructionNo
NumberOfUnitsTotal1
Operating Expense61485.67
Pets AllowedYes
PossessionSeeRemarks
PostalCitySANIBEL
Property ConditionResale
Property Sub Type AdditionalTriplex
Property SubTypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofMetal
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Structure TypeTriplex
Subdivision NameSANIBEL SURFSIDE CONDO
Tax Annual Amount9386.2
Tax Year2022
Tenant PaysSeeRemarks
Unit Number311
UtilitiesCableAvailable
View Y/NNo
Waterfront FeaturesNone
Waterfront Y/NNo
Year Built1980
Zoning DescriptionMF

Exterior for 610 Donax Street # 311

Building Area Total2500.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
HorsesN
Irrigation Water Rights Y/NNo
Irrigation/Water RightsN
Lot FeaturesOversizedLot
Lot Size Acres0.0
Lot Size Area0.0
Lot Size SourceSurvey
LotDimensionsSourceSurvey
Open Parking Y/NNo
Road Surface TypePaved
SpaNo
Water SourcePublic

Additional Details

Price History

Worth Clark

Price $2,199,999
MLS#223021154
List Date 03/17/2023
Property Type Multi-Family
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