610 Donax Street, Unit 311

Sanibel, FL 33957

$1,999,999
Price
5
Beds
3
Baths
2,500 Sq. Ft.
$800 / Sq. Ft.
2,500
Sq. Ft.
$800
per Sq. Ft.

Description

Fully rebuilt after Hurricane Ian devastated Sanibel, this gem is a once in a lifetime opportunity for a buyer looking for an impressive income stream. This quaint three unit Inn is located in the Resort Zone and has always been rented as a daily rental. Just steps away from the Donax St beach, it has consistently been a priority destination for visiting tourists that love Sanibel for its shells, beaches and small town vibe. While the second floor was not touched by Hurricane Ian, we have still upgraded...Fully rebuilt after Hurricane Ian devastated Sanibel, this gem is a once in a lifetime opportunity for a buyer looking for an impressive income stream. This quaint three unit Inn is located in the Resort Zone and has always been rented as a daily rental. Just steps away from the Donax St beach, it has consistently been a priority destination for visiting tourists that love Sanibel for its shells, beaches and small town vibe. While the second floor was not touched by Hurricane Ian, we have still upgraded it as part of our rebuild, new Central Air Conditioner, new furniture and enhancements were important in include. The other 2 units have been rebuilt in totality, ground up. Also new roof, new siding, new landscaping, we have focused on each part of the process with forethought and care to make this again a destination for guests throughout the Country and Internationally. This Inn has been rented on the major online accounts since 2017 and has built up a reputation for consistent bookings. 2024 calendar is already booking out, so a buyer will close with income already in place. In addition, many previous guests book direct and come back year after year. This special property is a 100 year land lease with over 50 years remaining and a smart and stable investment without the volatility of other investment options. With all the working policies and procedures already in place, a new owner can virtually take over an established business, streamlined with proven efficiencies and income.
  1. Listed by April Nixon • RE/MAX Trend

Property Details for 610 Donax Street, Unit 311

Development
SANIBEL SURFSIDE CONDO
Building Design
Triplex
Community Type
Condo/Hotel, Non-Gated
Waterfront
No
Waterfront Desc
None
Waterfront Desc
None
View
None/Other

Location

Listing Courtesy of RE/MAX Trend, April Nixon
Add your commute
LISTING UPDATED: 05/06/2024 06:30 PM

Property Details for 610 Donax Street, Unit 311

StatusActive
MLS #223021154
Days on Market416
Taxes$9,386 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1980
Lot Size0.00 AC / 0 SF
CountyLee County

Location

Listing Courtesy of RE/MAX Trend, April Nixon
Add your commute

Building Information for 610 Donax Street, Unit 311

Stories-Residences3Year Built1980Building Size-Lot Size0.00 AC / 0 SF

Payment Calculator

$11,697 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$782

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 610 Donax Street, Unit 311

Summary
Location and General Information
  • City: SANIBEL
  • Human Modified: No
  • Latitude: 26.44
  • Longitude: -82.04
  • MLS Area Major: SI01 - Sanibel Island
  • Pets: No Approval Needed
  • Postal Code: 33957
  • Road Surface Type: Paved
  • Street Name: Donax
  • Street Number: 610
  • Street Suffix: ST
  • Unit Number: 311
  • Full Address: 610 Donax ST 311
Parking
  • Covered Spaces: .00
Taxes and HOA Information
  • Amenity Rec Fee: $.00
  • Application Fee: $.00
  • Condo Fee: $.00
  • HOA Fee: $.00
  • Tax Annual Amount: $9,386.20
  • Tax Year: 2022
  • Transfer Fee: $.00
  • Association Fee 3: $.00
Property
Lot Information
  • Development Name: SANIBEL SURFSIDE CONDO
  • Parcel Number: 30-46-23-T2-01600.00CE
  • Property Type: Residential Income
  • Section: 30
  • Source of Measure Lot Dimensions: Survey
  • Lot Desc: Oversized Lot
  • Acres: 0.0
  • Lot Size Area: 0.0
  • Source of Measurements: Survey
  • Lot Size Units: Acres
  • Legal Desc: SANIBEL SURFSIDE CONDO COMMON ELEMENTS 1175/1091 TENNIS CTS-POOL-TRIPLEX
Property and Assessments
  • Total Area: 2500.0
  • Possession: See Remarks
  • Property Condition: Resale
  • Property Sub Type: Triplex
  • Township: 46
  • Range: 23
  • Special Assessment: 0.00
  • Sub Condo Name: SANIBEL SURFSIDE CONDO
  • Year Built Numeric: 1980
  • Property Sub Type Additional: Triplex
  • Zoning Code: MF
Lease Information
  • Land Lease Fee: $.00
  • Lease Amount Per Area Unit: Dollars Per Square Foot
  • One Time Land Lease Fee: $.00
  • One Time Mandatory Club Fee: $.00
  • One Time Othe Fee: $.00
  • One Time Special Assessment Fee: $.00
Utilities
  • Sewer: Central
  • Utilities: Cable Available
  • Water Source: Public
  • Water: Central
Multi Family
Multi-Family Information
  • Gross Rental Income: $274,613.84
  • Annual Net Operating Income: $213,128.17
  • Annual Food And Beverage Minimum: 0.00
  • Number Of Units Total: 1
  • Annual Expenses: $61,485.67
  • Other Fee: $.00
  • Units in Building: 3
Unit 1 Information
  • Monthly Gross Income: $22,884.00
  • Unit Type Baths Total: 3
  • Unit Type Beds Total: 4
  • Unit Type Description: Screened Lanai/Porch,Microwave,Refrigerator
  • Furnished: Furnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 22884
  • Unit Type Type: Item4BedroomOrMore
  • Unit Type Num Full Baths: 3
  • Unit Type Num Half Baths: 0
  • Living Area: 2500.0
Interior and Exterior Features
Exterior Features
  • Architectural Style: Other
  • Association Amenities: Beach Rights, Beach Access
  • Boat Access: None
  • Canal Width: None
  • Community Features: Condo Hotel Community, Near Hotel Motel, Non Gated
  • Construction: Wood Frame
  • Exterior Features: None
  • Exterior Features: None
  • Irrigation Source: None
  • Private Pool: No
  • Roof: Metal
  • Structure Type: Triplex
  • Gulf Access: No
  • Spa: No
Interior Features
  • Baths Full: 3
  • Bathrooms Total Integer: 3.0
  • Beds Total: 5
  • Cooling: Central Air, Electric
  • Cooling: Yes
  • Elevator Text Details: None
  • Flooring: Wood
  • Heating: Central, Electric
  • Heating: Yes
  • Interior Features: Other
  • Window Features: Other
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 610 Donax Street, Unit 311

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 610 Donax Street, Unit 311

Taxable ValueLand-Additions-Total-
Home Facts
Total Finished SqFt1,394 SqFtAbove Grade Finished SqFt1,394 SqFtStories2Lot Size162,036 SqFtStyleTriplexYear Built1975Year Renovated1983CountyLEEAPN30-46-23-T2-01600.00CE

Schools near 610 Donax Street, Unit 311

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

Cypress Lake 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.

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610 Donax Street, Unit 311 is a multi-family home for sale in Sanibel, FL 33957. This property was listed for sale on March 17, 2023 by RE/MAX Trend, it's currently listed at $1,999,999. This listing's school district is Lee. Nearby schools include The Sanibel School, Cypress Lake Middle School and South Fort Myers High School. 610 Donax Street, Unit 311 is a 5-bed, 3-bath, 2,500 sqft multi-family home built in 1980.

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.

Listing Courtesy of RE/MAX Trend, April Nixon

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.