EXECUTIVE SUMMARY:
Sandy Key is a premium, 13.89± acre, infill, residential planned development located off Iona Road. This location offers quick access to popular recreation and vacation destinations, such as Sanibel Island and Fort Myers Beach, all while remaining minutes from the urban services of Downtown Fort Myers.
The property is situated in one of the more affluent areas of the Fort Myers sub-market, with several upscale, highly sought-after communities in the immediate vicinity. 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 currently has zoning in place for 48 Twin Villa units. The ERP and ACOE permits are in place and currently in the process of being extended. With the upfront entitlement work nearly completed, this offers a builder/developer the opportunity to deliver product, near-term, to a sub-market that is experiencing a severe lack of new home inventory. In addition, many neighboring developments have reached maturity, which bodes well for buyers seeking quick absorption and lower long-term carry costs.
Sandy Key Lane 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 home product quickly.
