746 Cardium StreetSanibel, FL 33957

Description

Significant $50,000 Price Improvement -- Rare Elevated Multi-Family Opportunity on Sanibel Island, Now Offered at an Exceptional Price! — Less than a Five-Minute Walk to the Beach — Welcome to 746 Cardium Street, where the best of beachside living meets outstanding investment potential. Rarely available on Sanibel Island, this elevated multi-family property features two separate cottages, offering a unique and highly sought-after opportunity for both investors and lifestyle buyers alike. Ideally located less than a five-minute walk to one of Sanibel Island’s most renowned beaches, this exceptional property delivers the perfect blend of flexibility, charm, and income potential. The beautifully maintained property includes two inviting beach cottages, each offering 2 bedrooms and 1 bathroom, with a combined 1,280 square feet of living space under air.Importantly, the home has never sustained any damage from recent hurricanes, and the elevated construction has helped preserve the integrity of the living areas—providing valuable peace of mind in today’s market. The property also features a new roof installed in 2023,further enhancing its durability and long-term value. Whether you choose to live in one cottage while renting the other, or lease both to maximize income, the versatility of this property makes it ideal as a primary residence, seasonal retreat, or high-performing vacation rental investment. Perfectly positioned just off Periwinkle Way and Donax Road, you’ll enjoy effortless access to the beach just steps away, alongwith nearby shopping, dining, and island attractions via Middle Gulf Drive. Each elevated cottage offers its own private screened lanai,expansive decking, and dedicated storage for all your island essentials. The spacious lot also provides room for a potential private pool,allowing you to further enhance the outdoor living experience. Opportunities like this—an elevated, storm-resilient, multi-family property in such a prime Sanibel location—are few and far between. Don’t miss your chance to own a true slice of island paradise.

Property Information

Property type

Residential

Sub-type

Duplex

Structure type

Duplex

Year built

1970

Stories

1

Living area

1,280 Sq Ft

Lot size

0.24 acres

Lot dimensions

70 x 148 x 70 x 148

Ownership

Single Family

Days on market

199

MLS^® Listing#

2026011777

Property Features

Interior

Breakfast Bar · See Remarks

Exterior

None · Outdoor Shower · Storage

Appliances

Dryer · Dishwasher · Microwave · Range · Refrigerator · Washer

Cooling

Central Air · Electric

Heating

Central · Electric

Flooring

Tile · Vinyl

Pool

Outdoor Pool

Parking

Driveway · Unpaved

Patio

Deck · Patio · Screened · Porch

Lot features

Rectangular Lot

Construction

Other · Vinyl Siding · Wood Siding

Foundation

Raised

Roof

Shingle

Utilities

Cable Available

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Annual taxes

$9,772Tax year 2025

Parcel number

30-46-23-T2-00305.0100