$2,999,000

**EXCEPTIONAL REDEVELOPMENT OPPORTUNITY ON SANIBEL’S EAST END!** Situated on over an acre of lush tropical grounds just a short stroll from the beach, The Palms of Sanibel presents a rare opportunity for investors, developers, or buyers seeking a distinctive island retreat. With an allocated residential density of 2.2 dwelling units per acre and a minimum lot size of 10,000 square feet under F-Mid Island Ridge zoning, the property offers the potential for subdivision into three residential homesites or a thoughtfully designed cluster development, subject to applicable approvals. Whether creating three individual island residences, a private family compound, or reimagining the existing hospitality use, the possibilities make this an especially compelling offering. For those seeking an income-producing investment, The Palms of Sanibel offers an entirely different opportunity. This charming boutique inn is perfectly positioned to become a sought-after Airbnb-style vacation rental destination, awaiting its next owner's personal vision, creativity, and finishing touches. Two coastal-style buildings accommodate four individual rental cottages, each featuring their own kitchen, living area, bedroom accommodations, and private bath. Select cottages also feature screened porches overlooking the tropical surroundings. Following Hurricane Ian, the buildings were stripped to the studs and extensively renovated with all-new mechanical systems, electrical, plumbing, appliances, and furnishings. Modern conveniences include fiber-optic internet and property-wide Wi-Fi coverage, providing the connectivity today's vacationers expect. The property's tropical setting centers around an inviting swimming pool with all-new equipment, generous lounging areas, and an open-air pavilion ideal for gathering with family and friends. Additional amenities include on-site laundry facilities and a separate outbuilding offering flexible storage or workshop space. Located on Sanibel's desirable East End, guests can enjoy convenient access to the island's celebrated shelling beaches, historic lighthouse, local restaurants, shopping, and miles of scenic bicycle paths. The peaceful surroundings and proximity to the Gulf create the quintessential Sanibel vacation experience. **THREE POTENTIAL HOMESITES. FOUR EXISTING RENTAL COTTAGES. ONE REMARKABLE ISLAND OPPORTUNITY.** Whether your vision is residential redevelopment or revitalizing a boutique vacation rental business, The Palms of Sanibel offers the location, flexibility, and existing improvements to bring that vision to life.