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706 Donax Street Sanibel, FL $ 5,300,000
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$ 5,300,000 Get more info
706 Donax Street
$ 5,300,000
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706 Donax Street

Sanibel, FL, 33957
$ 5,300,000
Bedrooms-- Baths--

Monthly Estimate*

$ 32,633

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Commercial Property for sale in Sanibel, FL

for $5,300,000. This building was built in 1960 on a lot size of 0.5.

Once in a generation opportunity to own not one, but two, of the few remaining motel/hotel establishments on Sanibel Island! Legally permitted for nightly rentals and generating close to $1,000,000 in annual revenue, the Palmview and Sandpiper Inns are powerhouse performers with strong historical and future rental performance. Receiving a ground up renovation in 2024 with existing management in place (if the new owner so desires), both are well outfitted to offer their new owner a consistent, worry-free, income for years to come!

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Commercial Active

Price

$ 5,300,000

Property Type

Commercial

Taxes

$ 22,162

Style

Hotel/Motel

Lot Size

0.5

Year Built

1960

Town/City

Sanibel

County/Region

Lee

MLS | Web ID

2026014066
Features
General
HOA Fee 0
Year Built 1960
Property Subtype Hotel/Motel
Tax Year 2025
Business Type Hospitality
Waterfront Features None
HOA Fee 2 0
County Lee
Property Type Commercial Sale
Status Active
City Sanibel
Land Lease Amount 0
MLS Area SI01 - Sanibel Island
Lot Size Units Acres
Tax Annual Amount 22162.48
Property Condition Resale
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026014066
Standard Status Active
Legal Description SANIBEL SHORES NO.1 BLK 4 PB 6 PG 7 LOT 12 14 15
HOA Fee 3 0
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Interior
Total Stories 2
Air Conditioning Y/N true
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Exterior
Lot Size Area 0.5
Lot Size Acres 0.5
Lot Size Source Measured
Waterfront Y/N false
Covered Spaces 0
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* Excluded Features
List By
Palmer Rosen

Listing Agent

Premier Sotheby's Int'l Realty

Broker

palmer@rosenvacations.com

Email

Affordability Calculator

$34,480
Per Month
95%
5%
0%
Monthly Principal & Interest
$32,633
Monthly Property Taxes
$1,847
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/24/2026$5,300,000 Listed Price

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706 Donax Street, Sanibel, FL, 33957 is a Commercial Property for sale at $5,300,000 with a lot size of 0.5. 706 Donax Street was built in 1960. The property's zip code is 33957 which is in Sanibel, FL

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