$3,500,000 $18,789 est/mo Sourced by Back At You

1245 Periwinkle Way,SANIBEL, FL 33957

SANIBEL FL, 33957

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Description

OVERVIEW: Rare investment opportunity to own a hotel with nightly rentals on Sanibel Island. Perfectly positioned investment location along the islands bike path and walking distance to beaches, shopping, dining establishments FEATURES: 13 Rooms, each with private bathroom and kitchen. Efficiencies, studios, and three spacious A-frame cottages. 2.44-acres boasts spacious grounds, including a large pool, picnic areas, bike storage, ample parking, tranquil pond, office area, laundry facility and storage. VERSATILITY: Whether you envision a boutique hotel recreated within the existing footprint or redesigning for residential development, it offers the flexibility to explore both options. SANIBEL RARITY One of the few properties on Sanibel Island permitted for nightly rentals. VISIBILTY: located along the island's main road while benefiting from its set-back position, allows amble privacy. HIGHLIGHTS: Ideal visibility and located just under a mile from the beautiful white sandy beaches, this is an exceptional opportunity to create a unique hospitality experience. Don’t miss this chance to own a piece of Sanibel and transform this iconic 1959 motel into a sought-after boutique hotel.

Details

MLS#223071391
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1959
Days On Site31
Listing Provided ByPfeifer Realty Group LLC | Dawn Marie Ramsey

Features

Story(s)1
Acreage2.44
Water FrontYes

Market Activity 33957

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Naples Area Board of REALTORS.

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Learn More About This Property

StateFL
CountyLee
CitySANIBEL
Zip Code33957
Listing VS Median (in 33957)
Price:
$3,500,000
low | high
Med:
$1,215,000
100% of Average
On Site:
31
low | high
Med:
23.000000
100% of Average
Sourced by Back At You
Listing Updated: May 6, 2024 at 12:26:16 PM PDT