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0 Island Inn RD, Sanibel FL 33957
For the past four years the average price of a single family lot on Sanibel has exceeded $290,000. This unique near beach property includes two parcels with a combined 2.3 acres and a density of 5 units, That represents a price of $170,000 per unit, or more than 40% below the price of similar, nearby home sites. Mostly cleared, on City sewer and water with a deeded beach access running just west of the Hurricane House on West Gulf Drive this parcel would make a great multi-family development or a family winter retreat. Located predominately in D-2 Ecological Zone, this property has 100,204 sq. ft. With 25% impermeable this should allow for 25,051 of coverage and 30% total developed area (30,061 sq. ft.). The 21 foot high spoil mound located on the parcel could be used to raise the base elevation of the developed area to allow the homes to be built at grade. The base flood elevation at this location is AE-9. Access to the parcels would be through Island Inn Road. There is nothing out there that can compare with this extraordinary value!
  • Jan 13 2019 19:00
  • $4,508.00 for tax year 2018
  • METES AND BOUNDS
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* © 2014 Sanibel & Captiva Islands Association of REALTORS®. All rights reserved. The data relating to real estate for sale on this website comes in part from a cooperative data exchange program of the MLS of the Sanibel and Captiva Islands Association of REALTORS®,Inc. and the Fort Myers Matrix MLS. Listings held by brokerage firms other than Pfeifer Realty Group are marked with the Broker Reciprocity Logo. Data provided is deemed reliable, but is not guaranteed. Listing information is provided for consumers' personal, non-commercial use, for the sole purpose of identifying prospective properties the consumer may wish to purchase.

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