Courtesy of: Dawn Marie Ramsey, Pfeifer Realty Group LLC, dawn@Pfeiferrealtygroup.com
Courtesy of: Dawn Marie Ramsey, Pfeifer Realty Group LLC, dawn@Pfeiferrealtygroup.com
$2,595,000
|
Lot: 0.49 Acres
|
|
Single Family Attached
|
$2,595,000
711 Donax Street Welcome to the Driftwood Inn, a boutique gem located in Sanibel Island's Resort Housing district, offering nightly rentals. This is a rare opportunity to acquire one of a few properties with nightly rentals on Sanibel Island. This well-established property is in one of Florida's most coveted beach destinations. Featuring four charming two-bedroom / two-bathroom cottages with full kitchens and screened lanais just seven houses from the beach access. Meticulously maintained, efficiently managed, and conveniently located near restaurants and shops, the Inn provides a perfect balance of island tranquility and accessibility. The Driftwood’s Island charm, peaceful grounds, and ideal location make it a top choice for island vacationers. Recent renovations exceeding $600, 000 make it a turnkey investment opportunity with reservations already secured. Projections for 2024 forecast a robust gross rental income of $315, 000, supported by strong occupancy and loyal repeat guests. The Driftwood Inn offers the perfect combination of rental income and real estate value appreciation, making it a sound investment opportunity in the hospitality market.
Courtesy of: Dawn Marie Ramsey, Pfeifer Realty Group LLC, dawn@Pfeiferrealtygroup.com
Copyright © 2024 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.