1223 Periwinkle Way

Sanibel, FL 33957

$3,300,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.

Description

Investors look no further! 2.29 acres of commercial mixed use and residential property. This property was known as The Tipsy Turtle. Was a local hot spot everyone came to for great food and live music. This property has so mush potential. 25% of the property is zoned residential. Can build 10 apartment/condos and make it a boutique plaza with retail shops and restaurants.Investors look no further! 2.29 acres of commercial mixed use and residential property. This property was known as The Tipsy Turtle. Was a local hot spot everyone came to for great food and live music. This property has so mush potential. 25% of the property is zoned residential. Can build 10 apartment/condos and make it a boutique plaza with retail shops and restaurants.
  1. Listed by Adrian Kastner • DomainRealty.com LLC

Property Details for 1223 Periwinkle Way

Area
SI01 - Sanibel Island
Waterfront
Yes
Waterfront Desc
Lagoon

Location

Listing Courtesy of DomainRealty.com LLC, Adrian Kastner
Add your commute
LISTING UPDATED: 05/02/2024 12:46 PM

Property Details for 1223 Periwinkle Way

StatusActive
MLS #224032285
Days on Market25
Taxes$37,948 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1963
Lot Size2.29 AC / 99,752 SF
CountyLee County

Location

Listing Courtesy of DomainRealty.com LLC, Adrian Kastner
Add your commute

Building Information for 1223 Periwinkle Way

Stories1Residences-Year Built1963Building Size-Lot Size2.29 AC / 99,752 SF

Payment Calculator

$21,172 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,009

Property Taxes

$3,162

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1223 Periwinkle Way

Summary
Location and General Information
  • Status Type: Resale Property
  • Frontage Type: Lagoon/Estuary
Parking
  • Attached Garage: No
  • Carport: No
  • Covered Spaces: 0
  • Garage: No
HOA and Fees
  • HOA Desc: Yes
  • Tax Annual Amount: $37,948.45
Interior and Exterior Features
Interior Features
  • Living Area Units: Square Feet
  • Total Floors: 1
  • Fireplace: No
Property Information
Utilities
  • Cooling YN: No
  • Heating YN: No
  • Electric On Property: No
Lot Information
  • Maximum Subject Property Sq Ft: 99752
  • Minimum Subject Property Sq Ft: 99752
Rental
Rental Information
  • Land Lease: No
  • Horse: No

Property History for 1223 Periwinkle Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1223 Periwinkle Way

Taxable ValueLand$2,525,952Additions$10Total$2,525,962
Tax Record2023$37,948 ($3,162 / month)
Home Facts
Total Finished SqFt7,050 SqFtAbove Grade Finished SqFt7,050 SqFtStories1Lot Size99,840 SqFtStyleRestaurantYear Built1963Year Renovated1985CountyLEEAPN19-46-23-T3-00014.0010Fireplace TypeHas Fireplace

Schools near 1223 Periwinkle Way

This home is within Lee.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
The Sanibel School
PublicPK to 8

Cypress Lake Middle School
Public6 to 8

South Fort Myers High School
Public9 to 12

Fort Myers High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1223 Periwinkle Way is a multi-family home for sale in Sanibel, FL 33957. This property was listed for sale on April 8, 2024 by DomainRealty.com LLC, it's currently listed at $3,300,000. It has been on the market for a total of 25 days and was last sold on June 15, 2018. This listing's school district is Lee. Nearby schools include The Sanibel School, Cypress Lake Middle School and South Fort Myers High School. 1223 Periwinkle Way is a 0-bed, 0-bath, multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of DomainRealty.com LLC, Adrian Kastner

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.