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David Moliver

davidm@venturehomesrealty.com +1(239) 202-0582

$ 2,999,000

Est. payment | -/mo

6 Beds

5 Baths

1.16 Acres Lot

Save Virtual Tour

$ 2,999,000

Est. payment | -/mo

Save Virtual Tour

6 Beds

5 Baths

1.16 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Metes And Bounds

MLS Listing ID 2026046138

Style See Remarks

Bedrooms 6

Full Baths 5

Construction Status Resale

HOA Y/N No

Year Built 1958

Annual Tax Amount $20,443

Tax Year 2024

Lot Size 1.164 Acres

Acres 1.164

Lot Dimensions Appraiser

Property Sub-Type Quadruplex

Property Description

**EXCEPTIONAL REDEVELOPMENT OPPORTUNITY ON SANIBEL'S EAST END!** Situated on over an acre of lush tropical grounds just a short stroll from the beach, The Palms of Sanibel presents a rare opportunity for investors, developers, or buyers seeking a distinctive island retreat. With an allocated residential density of 2.2 dwelling units per acre and a minimum lot size of 10,000 square feet under F-Mid Island Ridge zoning, the property offers the potential for subdivision into three residential homesites or a thoughtfully designed cluster development, subject to applicable approvals. Whether creating three individual island residences, a private family compound, or reimagining the existing hospitality use, the possibilities make this an especially compelling offering. For those seeking an income-producing investment, The Palms of Sanibel offers an entirely different opportunity. This charming boutique inn is perfectly positioned to become a sought-after Airbnb-style vacation rental destination, awaiting its next owner's personal vision, creativity, and finishing touches. Two coastal-style buildings accommodate four individual rental cottages, each featuring their own kitchen, living area, bedroom accommodations, and private bath. Select cottages also feature screened porches overlooking the tropical surroundings. Following Hurricane Ian, the buildings were stripped to the studs and extensively renovated with all-new mechanical systems, electrical, plumbing, appliances, and furnishings. Modern conveniences include fiber-optic internet and property-wide Wi-Fi coverage, providing the connectivity today's vacationers expect. The property's tropical setting centers around an inviting swimming pool with all-new equipment, generous lounging areas, and an open-air pavilion ideal for gathering with family and friends. Additional amenities include on-site laundry facilities and a separate outbuilding offering flexible storage or workshop space. Located on Sanibel's desirable East End, guests can enjoy convenient access to the island's celebrated shelling beaches, historic lighthouse, local restaurants, shopping, and miles of scenic bicycle paths. The peaceful surroundings and proximity to the Gulf create the quintessential Sanibel vacation experience. **THREE POTENTIAL HOMESITES. FOUR EXISTING RENTAL COTTAGES. ONE REMARKABLE ISLAND OPPORTUNITY.** Whether your vision is residential redevelopment or revitalizing a boutique vacation rental business, The Palms of Sanibel offers the location, flexibility, and existing improvements to bring that vision to life.

Location

State FL

County Lee

Community Metes And Bounds

Area Si01 - Sanibel Island

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Tile, Wood

Furnishings Furnished

Fireplace No

Window Features Impact Glass

Exterior

Exterior Feature Deck, Other

Pool In Ground, See Remarks, Community

Community Features Non- Gated

Utilities Available Cable Available

Amenities Available Barbecue, Picnic Area, Pool, See Remarks

Waterfront Description None

Water Access Desc Public

Roof Type Shingle

Porch Deck

Garage No

Private Pool Yes

Building

Lot Description Irregular Lot

Dwelling Type Quadruplex

Sewer Public Sewer

Water Public

Architectural Style See Remarks

Structure Type See Remarks,Wood Siding,Wood Frame

Construction Status Resale

Others

Pets Allowed Yes

Senior Community No

Tax ID 20-46-23-T2-00004.0010

Acceptable Financing All Financing Considered, Cash

Disclosures Owner Has Flood Insurance

Listing Terms All Financing Considered, Cash

Pets Allowed Yes

Virtual Tour https://www.zillow.com/view-imx/63cc019d-121e-4214-92ee-78861ba24a07?wl=true&setAttribution=mls&initialViewType=pano

Listed by Premier Sotheby's Int'l Realty • Tiffany Burns

NEARBY SCHOOL & BUSINESS

+1(239) 202-0582

davidm@venturehomesrealty.com

13081 Sandy Key Bnd #1, North Fort Myers, FL 33903, USA

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1220 Morningside PL Sanibel, FL 33957