Sanibel Surfside

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610 Donax Street 311 Sanibel FL 33957

MLS Number 223021154

  • MultiFamily Residential Income
  • Bedrooms 5
  • Bathroom 5
  • Year Built 1975

This quaint 3 unit Inn is just steps away from the Beach and located in the Resort Zone on Beachfront property. This property is a 100 year land lease with 54 years remaining. Graded 3 ½ feet above the ground and an additional 3 feet above sea level, flooding was never a problem until Hurricane Ian’s storm surge. The second floor 2 bedroom 1 bath unit was untouched, but the first floor 2 bedroom 1 bath unit and 1 bedroom 1 bath unit have been remediated completely in accordance with EPA standards along with the drying out phase. Permits have been pulled and the rebuilding of the downstairs has begun! This Inn has always enjoyed vacation bookings all year long with very little vacancies. Upon completion, with everything fresh and new, it will once again be top consideration for the vacationing public. You can be a part of the rebuild of Sanibel! Buyer will be credited for any unfinished rebuild in accordance with Contractors estimate. With many dates are already booked June 2023 through spring 2024, buyer will already have cash flow in place. Pictures taken prior to hurricane.

Listed by April Nixon - Re/Max Under the Sun

$/month over payments
Federal 30-year interest rate: 7.19% last updated on Sep 21, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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Based on information submitted to FGCMLS as of September 28, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or FGCMLS.  All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.