Sandy key is a 13.89± acre Residential Planned Development located off Iona Rd., in close proximity to Sanibel Island and Fort Myers Beach. The location offers quick access to these popular recreation and vacation destinations, as well as major City of Fort Myers attractions and commercial centers via McGregor Blvd. and Summerlin Rd. Although situatedin such an accessible area, Sandy Key creates a resort-style feeling of seclusion as it is nestled just a few feet from the Caloosahatchee River and surrounded by lower-density upscale single family residential projects. The property was recently rezoned for 48 single family units and has ACOE and ERP permitting in hand. With this up-front entitlement work completed, this offers a builder/developer the opportunity to deliver product near-term, taking advantage of increasing permit activity within this submarket. In addition, many neighboring developments are reaching maturity, which bodes well for buyers seeking quick absorption and lower long-term carry costs. Sandy Key is well situated for builders and developers seeking a unique site that offers up to 48 residential units in an area that is poised to absorb new product quickly.
