Property profile

1725 Main St Fort Myers Beach, FL 33931

OFF-MARKET
Parking lots & garages
Property ID
US18-3842699
3,975 SF 7.73 ac lot Built 1969
Trust Owned 7-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 13.07-acre waterfront development opportunity in Fort Myers Beach, Florida, presents a unique chance to build luxury high-rise condominium towers. Located at 1725 Main St, with APN 19-46-24-00-00021.0010 & 19-46-24-00-00022.0010, this fully zoned and entitled site (MPD zoning) boasts approved plans for 167 multi-family units, reaching a maximum height of 230 feet. Situated on a deep-water channel with direct Gulf of Mexico access, the property offers unparalleled views. Residents will enjoy unobstructed vistas of Estero Bay Aquatic Preserve to the east, and panoramic 360-degree water views encompassing the island, Gulf of Mexico, and Matanzas Pass. The location provides easy access to Fort Myers via San Carlos Boulevard, I-75, and Southwest Florida International Airport (RSW). Proximity to Fort Myers Beach, Sanibel, and Fort Myers adds to its appeal. The site is part of the larger Marina Preserve development, which includes two marine facilities and plans for hotels, restaurants, retail, and numerous boat slips. This is a truly exceptional opportunity in a market with significant zoning and building restrictions, making this approved development plan exceptionally valuable. The property's prime location at the foot of the San Carlos Bridge ensures convenient access by car, foot, or boat.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1969
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,975 SF
Lot 7.73 ac (336,545 SF)
Zoning code MPD
APN 19-46-24-00-00021.0010
UPID US18-3842699

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Campground & RV Park

Location

1725 Main St Fort Myers Beach, FL 33931-2901
Fort Myers Beach metro Census 60101 CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$450k

Owner & transaction history

since 2018
4 recorded transactions
2018
$100
2015
Price N/A
2006
$8.0M
1994
$1.5M

Zoning & alternative use

MPD · Fort Myers Beach, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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