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Tropical Winds Resort 4 Properties Offered at $8,305,724 CAD in Sanibel, FL

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INVESTMENT HIGHLIGHTS

  • Prime investment opportunity waiting to be reimagined on Sanibel Island steps to the shore with breathtaking water and sunset views.
  • Two separate duplexes, just a few yards away from the hotel and beach access, contribute four cottage-style units to the hotel portfolio.
  • There are options to utilize the Build-Back provision and maintain a nightly rental hotel or reimagine and redevelop it into a family compound.  
  • Investment includes a six-unit Gulf-front hotel with an unobstructed vista of clear blue water, one of the few permitted nightly hotels.
  • Also included is a residential piling home with a pool situated directly across the street from the beach, which falls into the monthly rental zoning.
  • Sanibel Island is a famed travel destination known for its wildlife sanctuary, which has limited commercial sites and no new commercial development.

EXECUTIVE SUMMARY

Now cleared and ready for reconstruction, the Tropical Winds portfolio offers a once-in-a-generation opportunity to reimagine four income-producing parcels in one of Sanibel Island’s most exclusive and tightly regulated sectors—nightly rentals.
What sets this property apart is that three of the four parcels include Sanibel's rarest and most coveted zoning designation: the ability to operate as nightly vacation rentals. On an island where most properties are restricted to 30-day or longer rental terms, the ability to offer short-term lodging gives these parcels unmatched revenue potential and positions them in a limited competition segment of the market.
The portfolio includes:
A six-unit gulf-front hotel with direct beach access and sweeping northwestern views of the Gulf of Mexico
Two duplex buildings with nightly rental eligibility
A single-family residential piling home with a pool, ideal for monthly vacation use or redevelopment
The sites were impacted by Hurricane Ian and are now cleared, allowing a clean slate for modern, storm-resilient elevated construction. Sanibel’s post-Ian Build-Back provisions support the redevelopment of the hotel and duplexes, enabling structures to be rebuilt within the footprint and volume of the original buildings—while elevating them for improved views, added storage, parking underneath, and enhanced long-term resilience.
The west-facing hotel site borders land protected from future development, ensuring unobstructed sunsets and privacy—a true premium on the coast. This is a rare chance to rebuild with higher-end accommodations while retaining the valuable nightly rental zoning that elevates Tropical Winds well above typical Sanibel investment opportunities.
Sanibel is an 11-mile island paradise with protected sanctuary lands, charming shops, scenic bike paths, shell-strewn beaches, world-class fishing, and an upscale coastal lifestyle. With 70% of the island designated as conservation land and strict zoning in place, new nightly rental opportunities are virtually nonexistent.
Opportunities like this don't come around often—Tropical Winds is more than just real estate; it's a chance to own a uniquely zoned piece of Sanibel’s future.

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $8,305,724 CAD
Price / SF $799.63 CAD / SF
Sale Conditions
Distress Sale
  • 1031 Exchange
  • Build to Suit
  • Bulk/Portfolio Sale
  • Redevelopment Project
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 0
Total Building Size 10,387 SF
Total Land Area 1.80 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Tropical Winds Motel and Cottages
4819 Tradewinds Dr, Sanibel, FL 33957
Hospitality 5,000 SF 1958 -
1344 Jamaica Dr, Sanibel, FL 33957 Multifamily 1,983 SF 1984 -
1350 Jamaica Dr, Sanibel, FL 33957 Multifamily 1,934 SF 1981 -
4788 Tradewinds Dr, Sanibel, FL 33957 Specialty 1,470 SF 1981 -
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  • Listing ID: 30188931

  • Date on Market: 2023-11-29

  • Last Updated:

  • Address: Tropical Winds Resort, Sanibel, FL

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