Julia McCabe Keller Williams Realty Naples

367 Periwinkle WAY

SANIBEL , FL 33957

MLS#: 221037431

$3,450,000

Status: Closed
Listing number: 221037431
Listing provided by: VIP Realty Group,Inc
Listing agent phone: None
Last update: 3 years ago
On site: 4 years ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1964

Sq.Footage

N/A

Not quite ready to retire but looking to relocate where the sunshine and beach are readily accessible? Check out this Boutique Inn on Sanibel Island with proven profitability, strong cash flow, attractive cap rate. A short stroll to the sandy beaches for shelling and relaxing in the sun. Adorable, colorful and clean guest rooms in 3 different configurations, from cozy efficiencies to spacious cottage style. Private patios, multiple seating and dining areas, grilling area, outdoor shower, shell washing station, hammocks, complementary bikes, beach chairs, carts and umbrellas. Bookings in place through 2022. The Tarpon Tale Inn is licensed and zoned as a daily, weekly and monthly rental. Only one of the few grandfathered-in zoned Inns on Sanibel Island! Exceptionally well-managed with proven transferrable systems in place. Many new and repeat customers. Top reviews on the travel sites online. Don’t miss this opportunity.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    NO

  • Heating

    None

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.3444

  • Property Type

    Commercial Sale

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $3,450,000

  • Tax Amount

    17561.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Lee

Elementary School

Middle School

High School

Listing Courtesy of Deborah Smith , VIP Realty Group,Inc

RealHub Information is provided 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. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Julia McCabe

Agent | Realtor®

Julia McCabe

Call Julia today to schedule a private showing.

(610) 585-9923

juliamccabeswfl@gmail.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Not quite ready to retire but looking to relocate where the sunshine and beach are readily accessible? Check out this Boutique Inn on Sanibel Island with proven profitability, strong cash flow, attractive cap rate. A short stroll to the sandy beaches for shelling and relaxing in the sun. Adorable, colorful and clean guest rooms in 3 different configurations, from cozy efficiencies to spacious cottage style. Private patios, multiple seating and dining areas, grilling area, outdoor shower, shell washing station, hammocks, complementary bikes, beach chairs, carts and umbrellas. Bookings in place through 2022. The Tarpon Tale Inn is licensed and zoned as a daily, weekly and monthly rental. Only one of the few grandfathered-in zoned Inns on Sanibel Island! Exceptionally well-managed with proven transferrable systems in place. Many new and repeat customers. Top reviews on the travel sites online. Don’t miss this opportunity.

367 Periwinkle WAY

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

Premier Sanibel commercial offering – the Island Trading Post and adjoining parcel. This is a rare opportunity to acquire one of Sanibel Island’s most visible and versatile properties, prominently positioned along Periwinkle Way—the island’s busiest commercial corridor and gateway from the Causeway. Once home to the well-known Island Trading Post, this landmark site enjoyed decades of success with multiple showrooms and a loyal following. Now, it presents the next owner with unmatched potential for business, investment and lifestyle. The combined offering spans 150 feet of prime Periwinkle frontage with three distinct structures across a scenic, natural setting. At the front, a 2,358-square-foot retail building offers expansive showrooms, prominent signage and generous parking with multiple access points to Periwinkle Way. Behind it, a 2,390-square-foot residence provides four bedrooms, two baths and tranquil views over a pond teeming with birdlife, with the Bailey Homestead Preserve beyond. Completing the package, the neighboring structure features a workshop with storage below and a charming apartment above, ideal for rental income or live-work flexibility. This location benefits from exceptional visibility and traffic: vehicles entering Sanibel across the Causeway average ~18,000 per day, with July 2025 inbound counts up 7.7% year-over-year, reflecting continued tourism and economic resilience. Whether envisioned as a flagship retail showroom, professional office, wellness center, or a combination of commercial and residential uses, this property delivers rare scale, frontage and flexibility in the heart of Sanibel. This is your chance to establish or expand a premier island business while owning multiple residential and income-producing assets on Sanibel’s most important thoroughfare.
#2025007032

SANIBEL

1446 & 1444 Periwinkle WAY

None Beds

None Baths

N/A

$2,895,000

MLS#: 2025007032

This bank-owned property presents an iconic Sanibel development opportunity offering 200 feet of frontage on Periwinkle Way, 2.5-plus acres of land and waterfront features. Presenting a once-in-a-generation opportunity to acquire one of Sanibel Island’s most storied and strategically located commercial parcels. Formerly home to the iconic Jacaranda Restaurant and Bar, a beloved institution that served generations of islanders and visitors, and most recently the Tipsy Turtle, this legacy property is ready for its next chapter. Ideally along 200 feet of frontage on Periwinkle Way, Sanibel’s main thoroughfare and commercial spine, the property spans over 2.5 acres of developable land zoned General Commercial and D2 Upland Wetland. This premier site offers exceptional development flexibility, with initial assessments suggesting the potential to construct 8-9 residential units. Alternatively, zoning allows for a mixed-use development, combining residential living with a commercial component. The final residential count in this scenario would vary depending on footprint of the commercial structure, allowing for a custom-tailored approach to suit investor or developer goals. Adding to its appeal, the property features a scenic central lake and frontage along the tranquil Sanibel River at the rear—rare natural amenities that enhance its desirability for residential or hospitality development. Whether reimagined as an upscale enclave, a vibrant mixed-use destination or a new community hub, this property represents a unique and irreplaceable opportunity in the heart of Sanibel Island. Iconic history. Prime location. Boundless potential.
#225044961

SANIBEL

1223 Periwinkle WAY

None Beds

None Baths

N/A

$2,999,000

MLS#: 225044961

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service