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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
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 2026018790
Style Resale Property
Year Built 1958
Annual Tax Amount $28,748
Tax Year 2024
Lot Size 0.941 Acres
Acres 0.941
Source Florida Gulf Coast
Property Description
Opportunities like this don't come along often. Own a prime piece of Sanibel Island—or three.
Now cleared and ready for reconstruction, the Tropical Winds portfolio presents a rare opportunity to reimagine multiple income-producing parcels in one of the island's most exclusive and tightly regulated sectors—nightly rentals. In a market where most properties are limited to 30-day minimums, this offering stands apart with zoning that allows for 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. This rare combination positions the offering well above typical investment opportunities on the island.
The properties were impacted by Hurricane Ian and have been cleared, offering a blank canvas for new, elevated construction. Sanibel's post-Ian Build-Back provisions allow for 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 advantage on the coast.
This is a unique chance to develop higher-end accommodations while retaining the valuable nightly rental zoning that makes this portfolio truly exceptional.
Additional properties included in this package:
1344 Jamaica Drive – Lot zoned for duplex construction
1350 Jamaica Drive – Lot zoned for duplex construction
Now cleared and ready for reconstruction, the Tropical Winds portfolio presents a rare opportunity to reimagine multiple income-producing parcels in one of the island's most exclusive and tightly regulated sectors—nightly rentals. In a market where most properties are limited to 30-day minimums, this offering stands apart with zoning that allows for 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. This rare combination positions the offering well above typical investment opportunities on the island.
The properties were impacted by Hurricane Ian and have been cleared, offering a blank canvas for new, elevated construction. Sanibel's post-Ian Build-Back provisions allow for 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 advantage on the coast.
This is a unique chance to develop higher-end accommodations while retaining the valuable nightly rental zoning that makes this portfolio truly exceptional.
Additional properties included in this package:
1344 Jamaica Drive – Lot zoned for duplex construction
1350 Jamaica Drive – Lot zoned for duplex construction
Location
State FL
County Lee
Interior
Inclusions Building And Land, Business, Trade Name
Fireplace No
Exterior
Waterfront Description Gulf Frontage
Garage No
Building
Story 1
Level or Stories 1
New Construction No
Others
Senior Community No
Tax ID 19-46-22-T2-00400.0280
Listed by Pfeifer Realty Group LLC • Dawn Marie Ramsey
Nearby Locations
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