Fort Myers Beach - Beach Property For Sale #4825224

Phenomenal investment development opportunity: 4.68 acres on Fort Myers Beach, on the beautiful Paradise Coast of Florida. Previously the quaint Gulf View Colony, it is the 4th largest land parcel on Ft Myers beach. The property is located in the island's most popular northern section, a favored investment and development area of the beach, and a convenient walk to the downtown area with the new, completed Margaritaville Resort. With deeded beach access of approx. 10 ft x 225 ft included, and located directly on Estero Blvd, this gem is at the epicenter of a multitude of planned existing resort, multifamily mixed use developments. The property will play a key and central role in the rebuilding of the iconic Ft Myers Beach, and offers flexibility for developers: current regulations allow by right for 15 units per acre (69 units), increasing to 2.5 times that density for a hotel development (172 rooms), making it the ideal location for a coastal development and in addition, the possibility to include mixed use/retail. **Comparable sales Sept 2023 Red Coconut adjacent $52M, 6200 6241 Estero Blvd July 2023 $38.2M **Adjacent parcel update** On Dec 16th 2024, Fort Myers Beach Town Council recently approved Seagate's new 137 condo unit redevelopment project for the adjacent Red Coconut 10 acre parcel, which includes two condo towers as high as 17 stories, 4 single family homes (potentially 8 with approval), a restaurant open to the public, a private pedestrian walkover and a private beach club. Francais parle, Deutsch gesprochen.