Pending

Listed by Juliana R Da Costa

Source: Florida Gulf Coast MLS (Royal Palms) #223062528

12120 Hibiscus Drive, Iona, FL, 33908

$70,000

0.1 ac.

Land

30+ days on the market

What's around 12120 Hibiscus Drive

About this property

This property presents a unique opportunity for investment due to the existing house on it, which may be more cost-effective to demolish rather than renovate to make it habitable. The location of this property is its standout feature, being in close proximity to both Sanibel and Fort Myers beaches. This offers a desirable setting for potential buyers or tenants seeking a beachside lifestyle. The existing house on the property, while in need of significant repairs and refurbishment after Hurricane IAN, poses a challenging endeavor to restore. The estimated cost to demolish the building would be approximately $11,000, considering the extensive work required. With an investment of this magnitude, it becomes more reasonable to consider an alternative approach, starting fresh with either a mobile or modular house. This will allow for a clean slate to design and construct an energy-efficient and comfortable living space, for investors seeking to maximize profitability.

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