1245 Periwinkle Way Here's a distinctive chance to become the owner of one of the few nightly hotels located on Sanibel Island. The property boasts excellent visibility along Periwinkle Way due to its road frontage. Simultaneously, the spacious grounds, complete with a tranquil pond, and the building's set-back position create a serene and calming atmosphere. Within walking distance, you'll find shopping, dining establishments, and pristine beaches. Additionally, the property features a large pool, a serene pond, sun decks and a picnic area. The property did sustain damage from Hurricane Ian and requires restoration work to breathe new life into it. However, this presents a unique and rare investment potential. Nestled just under a mile from the beautiful white sandy beaches of Sanibel Island, the property offers 12 guest rooms with various configurations, including cozy efficiencies, deluxe studios, and the iconic and spacious A-frame cottages. Furthermore, the property includes a manager's apartment, an office area, and a convenient laundry facility.