Price Reduced 2.34%
Price History
$15,360,000
8/2/2023
$15,000,000
3/13/2024
5100 Island Villages Circle, #A-U, Saint James City, FL, 33956
This is a great opportunity to develop up to 480 units and the Development Order on this project will never expire in SW Florida. The development project has partial infrastructure in place. Lee County has already approved the Four Plex Master Building Plan. This Property is Fully Entitled, shovel ready, and permitted to build 120 four-plex buildings. The development plans and condo docs have been completed. There is a total of 131`acres with 66 acres buildable , the balance is conservation land. City water is to 25% of the property, the sewer runs the graded loop, LCEC power easement is granted and recorded, and culverts are 80% completed. Recreation center is partially built. The project meets all the new FEMA flood elevation standards. Contact us today to purchase the entire development. Ron Abboud is related to Seller and Co-Lister on the property.
Status:
Active
Type:
Lot / Acreage
Common Charge:
$400 Monthly
Lot Size:
Varies
Acreage:
66
Est. Taxes:
$7,006
HOA Fee
$400
Current Use
Multi-Family
Permitted Use
Multi-Family
Utilities
Electrical Nearby, Other, Sewer Nearby, Water Nearby
Days on Market:
236
Pet Policy:
Yes
MLS #:
A4578269
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of COLDWELL BANKER COMMERCIAL NRT Phone: 941-993-0895