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16860 Pine Ridge Rd - Pine Ridge Estates 14.04 Acres of Residential Land Offered at $5,500,000 in Fort Myers, FL 33908
INVESTMENT HIGHLIGHTS
- Active ERP in place
- One of last remaining zoned residential parcels available in corridor
- Well-suited for single family residential, multi-family residential, and assisted living facility purposes
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY:
Pine Ridge Estates is 14.04± acre zoned residential property, located at the northwest corner of Summerlin Road and Pine Ridge Road in Fort Myers, Florida. The site is zoned RM-2 and is well-suited for single family residential, multi-family residential, and assisted living facility purposes. With an active ERP and zoning approvals for up to 140 units by right (subject to property use and local development regulations), this property is one of the last remaining zoned residential available in this corridor. The site is poised to meet the significant demand for new rental and for-sale housing in this severely underserved market.
The property is located within close proximity to numerous shopping, dining and entertainment venues, and is minutes from Fort Myers Beach and Sanibel Island, two major tourist destinations in Southwest Florida. It is also conveniently located 1.6± miles from HealthPark Medical Center, 0.5± miles from Publix and Walmart Supercenter, and is adjacent to CVS, ALDI, and the newly constructed Sanibel Straits apartments, a 224-unit luxury apartment facility.
LOCATION HIGHLIGHTS:
• 0.5± miles from Walmart Supercenter
• 1± mile from Publix Shopping Center
• 1.5± miles from HealthPark Medical Center
• 3.8± miles to Fort Myers Beach
• 4.8± miles to US-41
• 7.4± miles to Sanibel Island
• 8.8± miles to Page Field Private Airport
• 10.5± miles to I-75
• 11± miles to Downtown Fort Myers
• 20± miles to Captiva Island
Pine Ridge Estates is 14.04± acre zoned residential property, located at the northwest corner of Summerlin Road and Pine Ridge Road in Fort Myers, Florida. The site is zoned RM-2 and is well-suited for single family residential, multi-family residential, and assisted living facility purposes. With an active ERP and zoning approvals for up to 140 units by right (subject to property use and local development regulations), this property is one of the last remaining zoned residential available in this corridor. The site is poised to meet the significant demand for new rental and for-sale housing in this severely underserved market.
The property is located within close proximity to numerous shopping, dining and entertainment venues, and is minutes from Fort Myers Beach and Sanibel Island, two major tourist destinations in Southwest Florida. It is also conveniently located 1.6± miles from HealthPark Medical Center, 0.5± miles from Publix and Walmart Supercenter, and is adjacent to CVS, ALDI, and the newly constructed Sanibel Straits apartments, a 224-unit luxury apartment facility.
LOCATION HIGHLIGHTS:
• 0.5± miles from Walmart Supercenter
• 1± mile from Publix Shopping Center
• 1.5± miles from HealthPark Medical Center
• 3.8± miles to Fort Myers Beach
• 4.8± miles to US-41
• 7.4± miles to Sanibel Island
• 8.8± miles to Page Field Private Airport
• 10.5± miles to I-75
• 11± miles to Downtown Fort Myers
• 20± miles to Captiva Island
PROPERTY FACTS
| Price | $5,500,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 14.04 AC |
| Property Type | Land | ||
| Zoning | RM-2 - Moderate Density Residential | ||
| Price | $5,500,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 14.04 AC |
| Zoning | RM-2 - Moderate Density Residential |
1 LOT AVAILABLE
Lot
| Price | $5,500,000 | Lot Size | 14.04 AC |
| Price Per AC | $391,737.89 |
| Price | $5,500,000 |
| Price Per AC | $391,737.89 |
| Lot Size | 14.04 AC |
14± Acre Zoned Residential Property For Sale in Southwest Florida.
PROPERTY TAXES
| Parcel Number | 06-46-24-36-0000B.0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,060,453 |
PROPERTY TAXES
Parcel Number
06-46-24-36-0000B.0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,060,453
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16860 Pine Ridge Rd - Pine Ridge Estates
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