Address
610 Donax Street # 311, Sanibel, FL
Price
$ 1,999,999
Property Attributes
  • MLS#223021154
  • TypeMulti-Family
  • CountyLEE
  • CitySanibel
  • AreaSI01 - Sanibel Island
  • NeighborhoodSanibel Surfside Condo
  • Zip33957
  • Style
  • Year Built1975
  • Taxes$ 9386
  • Price$ 1,999,999
  • Bedrooms5
  • Full Bathrooms5
  • Half Bathrooms0
  • Lot Size3.7203 Acres
Data Source:
Florida Gulf Coast MLS (SWFLMLS)
Property Description

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. The rebuilding is just finishing up and we have accepted bookings through the end of the year, which will be passed onto the new owner, a stream of income already in place! 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. Sanibel welcomes tourists once again to enjoy our beautiful beaches as the top shelling in the world. New Pictures coming soon!

Price History
3/17/2023 Listed $2,350,000
10/24/2023 15% - $1,999,999

General Features

Sewer Public Sewer
Heating Central,Electric
Cooling Central Air,Electric
Possession See Remarks
Roof Metal
Condo Fee 0.00
Exterior Features None
Architectural Style Other
Construction Materials Vinyl Siding,Wood Frame
Pets Allowed Yes
Year Built 1975
Tenant Pays See Remarks
Unit Number 311
Property SubType Triplex
Tax Year 2022
Waterfront Features None
Community Features Condo Hotel Community,Near Hotel/Motel,Non-Gated
County Lee
Net Operating Income 213128.17
Operating Expense 61485.67
Property Type Residential Income
Association Amenities Beach Rights,Beach Access
Subdivision Name SANIBEL SURFSIDE CONDO
Status Active
City SANIBEL
Buyer Agent Compensation 2%
Zoning Description MF
MLS Area SI01 - Sanibel Island
Street Name Donax
Tax Annual Amount 9386.2
Property Condition Resale
Days on Market 340
Structure Type Triplex
Standard Status Active
Property Sub Type Additional Triplex
PostalCity SANIBEL
Legal Description SANIBEL SURFSIDE CONDO COMMON ELEMENTS 1175/1091 TENNIS CTS-POOL-TRIPLEX

Interior Features

Flooring Wood
Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features Other
Full Baths 5
Street Suffix Street
Total Bedrooms 5
Total Baths 5

Exterior Features

Lot Features Oversized Lot
Water Source Public
Lot Size Area 3.7203
Canal Width None
Boat Access None
Lot Size Acres 3.7203
Road Surface Type Paved
Lot Size Units Acres
Lot Size Source Survey
LotDimensionsSource Survey

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 33957

Price
AVG $1.79M
$2M
Taxes
AVG $13,280
$9,386
Visits
AVG 190
426
Data Provided by Inside Real Estate®
Year Built
AVG 1968
1975