• $850,000List Price
  • ActiveStatus
  • 34Number of Photos
  • 26.439659Latitude
  • 746 Cardium StreetAddress
  • Cardium StreetStreet
  • SanibelTown
  • FLState
  • 33957Zip
  • Lee CountyCounty
  • ResidentialProperty Type
  • 2260287MLS Number
  • 4Bedrooms
  • 2Half Baths
  • 1,280Square Feet
  • 1970Year Built
  • 0.24Acreage

Listing Tools

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, along with 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.

Location

 "Based on information submitted to Sanibel & Captiva Islands Association of REALTORS as of May 16, 2026 9:43 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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