Is Vlg Cir St James Saint James City, FL 33956
- Land
- 496,800 SF
- 37.50 lot acres
Current Use by Public Records
- Land
Property Details for 0 Is Vlg Cir St James
- Lot size
- 37.50 lot acres
- Property size
- 496,800 SF
- Property type
- Land
- Property subtype
- Hospitality properties
Description
Exceptional investment opportunity: A fully permitted, 360-unit condo development on 37.5 acres in Saint James City, Florida, is available for $198,000,000. This Class A multifamily property boasts 496,800 square feet of space, with 90 buildings containing six quadplexes each. Each unit is approximately 5,520 square feet, and the project features 15 cul-de-sacs. The property is zoned for multifamily use and offers a projected 7.34% cap rate based on daily vacation rentals of $275 per unit. The location in Saint James City provides access to numerous outdoor activities, including fishing, boating, and kayaking. The strong demand for housing in Southwest Florida makes this a compelling investment opportunity. The property's pro-forma NOI is $14,530,320, and the price per unit is $550,000. The price per square foot is $398.55. All information is believed to be accurate but should be verified independently.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint James City
- County
- Lee
- State
- Florida
- Longitude
- -82.1093
- Latitude
- 26.5816
