5100 Is Vlg Cir Saint James City, FL 33956

This exceptional 131-acre development opportunity in St. James City, Florida, presents a unique chance to build a substantial resort. Priced at $30,000,000, this fully entitled and shovel-ready property boasts a comprehensive development order that will never expire. The approved plans allow for up to 480 units within 120 four-plex buildings, with complete condo documents already prepared. Infrastructure is partially in place, including city water access to 25% of the property, a graded sewer loop, granted and recorded LCEC power easement, and 80% completed culverts. A partially constructed recreation center adds further value. The buildable area encompasses 66 acres, with the remaining land designated for conservation. Importantly, the project fully complies with current FEMA flood elevation standards. This Class B multifamily and hospitality property offers a 30% cap rate and presents a compelling investment prospect in Southwest Florida's thriving market. The property is located at 5100 Island Villages Circle Cul de Sacs-A-U, St James City, Lee County, FL 33956.