Genova Phase III
3.6± Acre Residential Development Opportunity - Estero, FL
Marketing description
LSI Companies Inc., is pleased to present this fully zoned and approved residential development opportunity in Estero, FL.
Situated along Corkscrew Road, the Genova Development opportunity is part of the existing Genova Residential Planned Development approved for vertical delivery of 11-unit townhomes and 20 luxury villa units for a total of 31 Mediterranean-style units on 3.6± acres. The existing phases of the community were built by Genova Partners between the years 2017-2020, with 131 units already delivered across 4 buildings. The site benefits from inclusion in the broader master plan and access to major infrastructure corridors; however, certain site modifications, utility extensions, and coordination efforts will be necessary before vertical construction can commence.
Genova is a prime opportunity for a developer to deliver a highly marketable product in a community where new inventory is limited and absorption has historically been strong.
Estero has quickly become one of Southwest Florida’s most desirable places to live, driven by steady year-over-year population growth, new commercial and residential developments. It is uniquely positioned between Collier and Lee County (Unincorporated), providing connectivity to regional job centers, shopping, and dining. Additionally, public investments, such as the Village’s “Village Center Hub” and expanded recreation amenities, add long- term value and create a strong backdrop for private development.
Investment highlights
• Property size: 3.6± Acres
◦ Eastern Parcel: 1.81± Acres
◦ Western Parcel: 1.69± Acres
• Zoning: Genova EPD (Estero Planned Development approved 2025)
• Site Elevation: 15' feet
• Finished Floor Elevation: 17.9' feet
PROPERTY APPROVALS:
• Entitlements: 31 units
◦ (11) 2,500± Sq. Ft. Townhomes
- Proposed as one (1) 6-plex and one (1) 5-plex
◦ (20) 2,500± Sq. Ft. Luxury Villas
• Density: 8.6 du/ac
• Max height: 35 feet (2-stories)
• Required Parking: 62 total surface spaces
◦ 2 spaces/unit + 10% guest parking
• Access (See Page 6)
• Corkscrew Rd: exit only right out
• Via Coconut Point: Full ingress /egress
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