1155 Seagrape LN , SANIBEL, 33957

Description

Located on Sanibel’s coveted East End, this beachside duplex sits on a charming seashell-laden road that leads directly to the Gulf of Mexico. Steps to the sand and close to the historic lighthouse, marina, fishing pier, shops, and restaurants, the setting alone makes this property a standout. Previously a strong income producer with annual rental revenue nearing $100,000 prior to Hurricane Ian, the property also showed potential for increased income based on updated pricing strategies and market conditions at the time. This duplex now presents a blank canvas for renovation or redevelopment. The oversized lot and prime location create exceptional flexibility for a visionary buyer with neighboring properties on the street already rebuilt or renovated enhancing the appeal of the area. Live on one side and rent the other. Lease both for investment income. Or start fresh with a custom single-family home in one of Sanibel’s most desirable neighborhoods. The generous lot size, one of the largest on the street, offers ample space for features such as a pool for owner or guest enjoyment. The flexibility here is real, and so is the upside. Opportunities close to the Gulf in the highly sought-after East End are rare. This property is being sold as is. Buyers are encouraged to conduct their own due diligence regarding condition, permitting, and future use.