Pending

1245 Periwinkle WAY

SANIBEL FL, 33957

$3,500,000


Pending

Commercial

Built in 1959

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: 12 nightly units and 1 managers cottage or possible monthly rental, 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.

223071391

MLS ID

September 29, 2023

Listed

November 22, 2024

Updated

Map

1245 Periwinkle WAY
SANIBEL FL, 33957

Interior Features

Total Stories

1


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

2.44 Acres

Other Property Details

Taxes

$36,658


Tax Frequency

Annually


Days on Market

154


Association Fee

Not Listed


Garage

No


View

No


County

Lee


Pool

No

Listing History

Date

Event

Price

8/21/2024

Pending

5/1/2024

Active

1/15/2024

Pending

1/6/2024

Active

11/13/2023

Pending

10/6/2023

Active

10/4/2023

Pending

Courtesy of Dawn Marie Ramsey, Pfeifer Realty Group LLC

The IDX display contains information sourced from the Naples Area Board of REALTORS® as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Naples Area Board of REALTORS® All rights reserved.

Data last updated 12:10 AM UTC, 11/22/2024

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