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$ 3,000,000
Est. payment | /mo
0.94 Acres Lot
$ 3,000,000
Est. payment | /mo
0.94 Acres Lot
Key Details
Property Type Commercial
Sub Type Lodging and Hospitality: Economy/Limited Service
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2026018790
HOA Y/N No
Year Built 1958
Annual Tax Amount $28,748
Tax Year 2024
Lot Size 0.941 Acres
Acres 0.941
Property Sub-Type Lodging and Hospitality: Economy/Limited Service
Source Florida Gulf Coast
Property Description
Opportunities like this don't come along often. Own a prime piece of Sanibel Island; or three! With rare nightly rental zoning, exceptional income potential, and redevelopment already positioned to move forward, the Tropical Winds portfolio represents one of the island's most unique and valuable investment opportunities. With an architect, engineer, and contractor already assembled and ready to begin immediately, the Tropical Winds portfolio presents a rare opportunity to accelerate redevelopment with a projected opening for the 2027 season if acquired in June. Now cleared and ready for reconstruction, the Tropical Winds portfolio presents a rare opportunity to reimagine multiple income-producing parcels in one of Sanibel's most exclusive and tightly regulated sectors: nightly rentals. In a market where most properties are limited to 30-day minimum rentals, this offering stands apart with zoning that allows short-term vacation rentals, creating exceptional revenue potential in a highly supply-constrained segment. The portfolio includes a six-unit Gulf-front hotel with direct beach access and sweeping northwestern views of the Gulf of Mexico, along with two duplex properties that also benefit from coveted nightly rental eligibility: 1344 & 1350 Jamaica Drive; Lots zoned for two duplex constructions. Impacted by Hurricane Ian and now cleared, the properties offer a blank canvas for new, elevated construction. Sanibel's post-Ian Build-Back provisions allow redevelopment within the original building footprint and volume, while enabling modern improvements such as elevated structures, enhanced views, under-building parking, storage, and increased storm resilience. The west-facing hotel site borders protected land, ensuring long-term privacy and unobstructed sunset views; an increasingly rare coastal advantage. This is a unique chance to develop higher-end accommodations while retaining the valuable nightly rental zoning that makes this portfolio truly exceptional.
Location
State FL
County Lee
Area Si01 - Sanibel Island
Direction USE GPS
Interior
Inclusions Building And Land, Business, Trade Name
Exterior
Waterfront Description Gulf Frontage
Present Use Business
Private Pool No
Building
Faces USE GPS
New Construction No
Others
Tax ID 19-46-22-T2-00400.0280
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026018790
Listed by Pfeifer Realty Group LLC • Dawn Marie Ramsey
Nearby Locations
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Ryan & Angela Johnson
Agent | License ID: 3068523