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367 Periwinkle Way, Sanibel, FL – $3,185,000

  • $3,185,000 Price
  • .34 Acres
  • $3,185,000 Price
  • .34 Acres

367 Periwinkle Way

The Tarpon Tale Inn is located on the east end of the island, a short walk to the beach and lighthouse. It is one of the most highly ranked properties on Sanibel, with top reviews on travel and other online forums. Licensed for daily rentals, the inn has 8 beautifully decorated guest rooms in 3 different configurations, ranging from cozy efficiencies to spacious cottage style units, all with private patios. Outdoors are multiple seating and dining areas, a shell washing station, gas grills, outdoor shower and hammocks, plus the innâs complementary bikes, beach chairs, carts and umbrellas. The property also has a small office, laundry and guest lounge. It is exceptionally well managed with proven transferrable systems in place with a strong book of repeat business and year over year growth in all metrics. The inn has demonstrated strong financial results as seen in growth in ADR, occupancy and revenue over the past several years. Summaries are available following execution of an NDA.

Essential Information

  • MLS® #2190351
  • Price$3,185,000
  • Bathrooms0.00
  • Total Square Footage4,040
  • Acres0.34
  • Year Built1964
  • TypeCommercial/Industrial
  • Sub-TypeMotel
  • StyleFrame
  • StatusActive

Community Information

  • Street Name367 Periwinkle Way
  • IslandSanibel
  • IslandSanibel
  • StateFL
  • Zip Code33957

Amenities

  • WaterfrontOther Add Agt Note

Exterior

Exterior Features

Landscape Sprinklers, Sign Incl. with Sale

Additional Information

  • Date ListedMarch 11th, 2019

Listing Details

  • OfficePfeifer Realty Group LLC
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Pfeifer Realty Group LLC.

The information being provided by the Sanibel & Captiva Islands Association of Realtors®, Inc. is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.