Onyx
For Sale or Joint Venture: 10.72 Acre Oceanfront Development Site in Southwest Florida
Marketing description
Colliers presents an exceptional opportunity to acquire or enter into a joint venture with current ownership and develop a 10.72-acre, fully entitled, mixed-use development site at 3001 Estero Boulevard, Fort Myers Beach, Florida. The property is approved for 141 residential units, including 137 units within two high-rise condominium towers and 4 single-family homes. Approvals also include a restaurant and private beach club, enhancing the sites appeal. This represents a prime chance to create a landmark residential destination in a highly sought-after water front location.
Southwest Florida is a vibrant region known for its pristine beaches, diverse ecosystems, and rapidly growing communities. Fort Myers Beach is ideally situated between the luxury market of Naples and the cultural hub of Sarasota. The area attracts high-net-worth individuals with its coastal lifestyle and upscale amenities. With a relaxed atmosphere, Fort Myers Beach boasts a large community of affluent residents. The absence of state income tax and numerous leisure opportunities further
enhance the region’s attractiveness.
The development site benefits from a strategic location on Fort Myers Beach, offering beachside living with sunset views of the Gulf of America. Positioned at the north end of Fort Myers Beach, the property provides convenient connectivity to the mainland via Estero Boulevard. The site’s approval for high-rise construction is particularly valuable, as it allows for the creation of units with desirable Gulf of America views. The inclusion of public beach access and park/open space areas further contributes to the project’s appeal and community integration.
Investment highlights
Prime Development Site: A fully entitled site approved for mixed-use development. The site consists of 10.72 gross acres, with approximately 9.43 acres usable/upland acres located outside the Coastal Construction Control Line (CCCL)
Approved Density: Development is approved for 141 residential units, including multifamily and single-family homes
Mixed-Use Approvals: Includes approvals for a restaurant and private beach club, enhancing the sites appeal
Desirable Location: Situated on Fort Myers Beach, known for its relaxed atmosphere and affluent residents
Strategic Positioning: Located between the luxury market of Naples and the cultural hub of Sarasota
Beachfront Living: Offers beachside living with sunset views of the Gulf of America
Convenient Access: Positioned at the north end of Fort Myers Beach, providing connectivity to the mainland via Estero Boulevard and easy access to the Southwest Florida International Airport (RSW)
Strong Condo Pricing: Luxury condominiums in Southwest Florida command strong pricing, with comparable properties exhibiting high sales prices and price per square foot
Luxurious Coastal Lifestyle: The area features unspoiled natural features and excellent area offerings for dining, shopping, golfing, and boating.
Flexible Ownership: Current ownership is open to selling the property outright or entering into a joint
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