LEE COUNTY PROPERTY APPRAISER GENERATED ON 5/18/2024 6:38 AM Current Working Values
SITE ADDRESS
1231 MIDDLE GULF DR
OWNER'S NAME
SANIBEL ISLAND HOSPITALITY LLC
OWNER'S ADDRESS
1001 E ATLANTIC AVE STE 202
DELRAY BEACH FL 33483
PROPERTY DESCRIPTION
SANIBEL SHORES #1 PB 6
PG 7 LOTS 8 9 14 18 19 20
PER OR BOOK 1562 PG 1304

DOR CODE 39 - HOTELS, MOTELS
NBHD CODE
52-202.4
SANIBEL
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 2.0
BEDROOMS 0
BATHROOMS 12.0
EXTERIOR WALL 17 CB STUCCO
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 4 WOOD TRUSS
ROOF COVER 12 MODULAR METAL\SHINGLE
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 11 CERAMIC CLAY TILE
INTERIOR FLOOR 0 NONE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 9 THROUGH WALL
QUALITY 3.0000 AVERAGE
LIVING UNITS LVGU 10.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
AVERAGE OFFICE 1975 1,358 100 1,358   77,956
BASE 1975 1,800 100 1,800   103,330
FINISHED CARPORT 1975 684 20 137   7,865
FINISHED OPEN PORCH 1975 911 20 182   10,448
FINISHED OPEN PORCH 1975 312 20 62   3,559
FINISHED UPPER STORY 1975 3,228 100 3,228   185,304
FINISHED UTILITY 1975 400 50 200   11,481
   
   
   
   
   
   
   
   
   
TOTALS 8,693 6,967 399,943
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
1 T CT BT TENNIS COURT - BLACK TOP 0.00 0.00 14400.00 7.50 1.00 L 1975 2.00 0.60 - 64,800
2 CH LK10 FENCE - CHAIN LINK - 10 FOOT 0.00 0.00 480.00 38.75 1.00 L 1975 5.00 0.60 - 11,160
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 75,960
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 3900 MOTEL 175 0 1.00 1.00 4 47.00 196,828.00 SF 1.00 - KW
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 9,250,916
FOLIO ID: 10128291 STRAP: 30-46-23-T2-00309.0080
CARD 1 of 5
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.15 126.37 145.33 6,967 1,012,514 40% 399,943
IMP TYPE 46 - Hotel/Motel - Low Rise MODEL 3 - MULTIPLE RES/HOTEL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
2015000276285 12/22/2015 01 35 I 27,000,000
2009000345281 12/29/2009 01 30 I 4,996,500
1896/88 4/1/1986 01 01 I 1,900,000
 
 
 
 
VALUE SUMMARY Current Values 2023
BUILDING COST VALUE 2,902,795 2,902,795
BUILDING EXTRA FEATURES 67,702 44,230
LAND EXTRA FEATURES 81,359 50,431
LAND VALUE 9,250,916 12,449,371
COST APPROACH VALUE 12,302,772 15,446,827
INCOME APPROACH VALUE 30,649,543 30,649,543
SALES APPROACH VALUE 14,909,307 30,649,543
MARKET VALUE 14,909,307 30,649,543
ADDITIONAL FLOORS CARD 1 of 5 FOLIO:10128291 PARCEL NO: 30-46-23-T2-00309.0080
FLOOR 1
Floor plan
FLOOR 2
Floor plan
   
LEE COUNTY PROPERTY APPRAISER GENERATED ON 5/18/2024 6:38 AM Current Working Values
SITE ADDRESS
1231 MIDDLE GULF DR
OWNER'S NAME
SANIBEL ISLAND HOSPITALITY LLC
OWNER'S ADDRESS
1001 E ATLANTIC AVE STE 202
DELRAY BEACH FL 33483
PROPERTY DESCRIPTION
SANIBEL SHORES #1 PB 6
PG 7 LOTS 8 9 14 18 19 20
PER OR BOOK 1562 PG 1304

DOR CODE 39 - HOTELS, MOTELS
NBHD CODE
52-202.4
SANIBEL
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 17 CB STUCCO
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 4 WOOD TRUSS
ROOF COVER 12 MODULAR METAL\SHINGLE
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 11 CERAMIC CLAY TILE
INTERIOR FLOOR 0 NONE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 3 CENTRAL
QUALITY 3.0000 AVERAGE
 
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 1975 5,340 100 5,340   563,710
FINISHED OPEN PORCH 1975 288 30 86   9,078
   
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 5,628 5,426 572,789
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
 
 
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 3900 MOTEL 175 0 1.00 1.00 4 47.00 196,828.00 SF 1.00 - KW
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 9,250,916
FOLIO ID: 10128291 STRAP: 30-46-23-T2-00309.0080
CARD 2 of 5
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
0.99 269.95 267.25 5,426 1,450,099 40% 572,789
IMP TYPE 56 - Restaurant MODEL 4 - COMMERCIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
VALUE SUMMARY Current Values 2023
LEE COUNTY PROPERTY APPRAISER GENERATED ON 5/18/2024 6:38 AM Current Working Values
SITE ADDRESS
1231 MIDDLE GULF DR
OWNER'S NAME
SANIBEL ISLAND HOSPITALITY LLC
OWNER'S ADDRESS
1001 E ATLANTIC AVE STE 202
DELRAY BEACH FL 33483
PROPERTY DESCRIPTION
SANIBEL SHORES #1 PB 6
PG 7 LOTS 8 9 14 18 19 20
PER OR BOOK 1562 PG 1304

DOR CODE 39 - HOTELS, MOTELS
NBHD CODE
52-202.4
SANIBEL
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 2.0
BEDROOMS 0
BATHROOMS 60.0
EXTERIOR WALL 17 CB STUCCO
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 4 WOOD TRUSS
ROOF COVER 12 MODULAR METAL\SHINGLE
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 11 CERAMIC CLAY TILE
INTERIOR FLOOR 0 NONE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 3 FORCED AIR-NOT DUCTED
AC TYPE 9 THROUGH WALL
QUALITY 3.0000 AVERAGE
LIVING UNITS LVGU 60.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 1975 9,954 100 9,954   571,413
FINISHED OPEN PORCH 1975 2,990 20 598   34,328
FINISHED OPEN PORCH 1975 2,670 20 534   30,654
FINISHED UPPER STORY 1975 10,530 100 10,530   604,478
FINISHED UTILITY 1975 736 50 368   21,125
FINISHED UTILITY 1975 160 50 80   4,592
   
   
   
   
   
   
   
   
   
   
TOTALS 27,040 22,064 1,266,592
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
 
 
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 3900 MOTEL 175 0 1.00 1.00 4 47.00 196,828.00 SF 1.00 - KW
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 9,250,916
FOLIO ID: 10128291 STRAP: 30-46-23-T2-00309.0080
CARD 3 of 5
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.15 126.37 145.33 22,064 3,206,561 40% 1,266,592
IMP TYPE 46 - Hotel/Motel - Low Rise MODEL 3 - MULTIPLE RES/HOTEL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
VALUE SUMMARY Current Values 2023
ADDITIONAL FLOORS CARD 3 of 5 FOLIO:10128291 PARCEL NO: 30-46-23-T2-00309.0080
FLOOR 1
Floor plan
FLOOR 2
Floor plan
   
LEE COUNTY PROPERTY APPRAISER GENERATED ON 5/18/2024 6:38 AM Current Working Values
SITE ADDRESS
1231 MIDDLE GULF DR
OWNER'S NAME
SANIBEL ISLAND HOSPITALITY LLC
OWNER'S ADDRESS
1001 E ATLANTIC AVE STE 202
DELRAY BEACH FL 33483
PROPERTY DESCRIPTION
SANIBEL SHORES #1 PB 6
PG 7 LOTS 8 9 14 18 19 20
PER OR BOOK 1562 PG 1304

DOR CODE 39 - HOTELS, MOTELS
NBHD CODE
52-202.4
SANIBEL
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 2.0
BEDROOMS 0
BATHROOMS 28.0
EXTERIOR WALL 17 CB STUCCO
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 4 WOOD TRUSS
ROOF COVER 12 MODULAR METAL\SHINGLE
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 11 CERAMIC CLAY TILE
INTERIOR FLOOR 0 NONE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 3 FORCED AIR-NOT DUCTED
AC TYPE 9 THROUGH WALL
QUALITY 3.0000 AVERAGE
LIVING UNITS LVGU 28.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 1975 4,752 100 4,752   272,790
FINISHED OPEN PORCH 1975 1,360 20 272   15,614
FINISHED OPEN PORCH 1975 850 20 170   9,759
FINISHED UPPER STORY 1975 4,752 100 4,752   272,790
FINISHED UTILITY 1975 30 50 16   918
   
   
   
   
   
   
   
   
   
   
   
TOTALS 11,744 9,962 571,872
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
 
 
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 3900 MOTEL 175 0 1.00 1.00 4 47.00 196,828.00 SF 1.00 - KW
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 9,250,916
FOLIO ID: 10128291 STRAP: 30-46-23-T2-00309.0080
CARD 4 of 5
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.15 126.37 145.33 9,962 1,447,777 40% 571,872
IMP TYPE 46 - Hotel/Motel - Low Rise MODEL 3 - MULTIPLE RES/HOTEL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
VALUE SUMMARY Current Values 2023
ADDITIONAL FLOORS CARD 4 of 5 FOLIO:10128291 PARCEL NO: 30-46-23-T2-00309.0080
FLOOR 1
Floor plan
FLOOR 2
Floor plan
   
LEE COUNTY PROPERTY APPRAISER GENERATED ON 5/18/2024 6:38 AM Current Working Values
SITE ADDRESS
1231 MIDDLE GULF DR
OWNER'S NAME
SANIBEL ISLAND HOSPITALITY LLC
OWNER'S ADDRESS
1001 E ATLANTIC AVE STE 202
DELRAY BEACH FL 33483
PROPERTY DESCRIPTION
SANIBEL SHORES #1 PB 6
PG 7 LOTS 8 9 14 18 19 20
PER OR BOOK 1562 PG 1304

DOR CODE 39 - HOTELS, MOTELS
NBHD CODE
52-202.4
SANIBEL
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 17 CB STUCCO
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 4 WOOD TRUSS
ROOF COVER 12 MODULAR METAL\SHINGLE
INTERIOR WALL 1 MASONARY OR MINIMUM
INTERIOR WALL 0 NONE
INTERIOR FLOOR 3 CONCRETE FINISHED
INTERIOR FLOOR 0 NONE
HEATING FUEL 0 NONE
HEATING TYPE 0 NONE
AC TYPE 0 NONE
QUALITY 3.0000 AVERAGE
 
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 1975 704 100 704   73,446
POOL PATIO 1997 4,256 0 0   0
STOOP 1997 1,743 10 174   18,153
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 6,703 878 91,599
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
1 POOL C POOL - COMMERCIAL 0.00 0.00 836.00 129.00 1.00 B 2000 2.00 0.60 - 64,706
2 PATIO B PATIO - BRICK AND TILE 0.00 0.00 320.00 12.65 1.00 B 1997 1.00 0.74 - 2,996
3 FNC AL4 FENCE - ALUM/VINYL - 4 FEET 160.00 1.00 160.00 45.00 1.00 L 1995 2.00 0.60 - 4,320
4 CH LK 4 FENCE - CHAIN LINK - 4 FOOT 110.00 1.00 110.00 16.35 1.00 L 1995 5.00 0.60 - 1,079
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 73,101
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 3900 MOTEL 175 0 1.00 1.00 4 47.00 196,828.00 SF 1.00 - KW
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 9,250,916
FOLIO ID: 10128291 STRAP: 30-46-23-T2-00309.0080
CARD 5 of 5
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.41 187.32 264.12 878 231,897 40% 91,599
IMP TYPE 123 - Restroom Building MODEL 9 - EDUCATIONAL/RECREATIONAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
VALUE SUMMARY Current Values 2023