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Rare 8-acre infill development opportunity in one of Bonita Springs’ most desirable and rapidly transitioning neighborhoods. This vacant Residential Planned Development (RPD) is fully entitled for 40 residential units and represents the last undeveloped parcel in an established area surrounded by single-family homes, canal properties, and Imperial River estates with direct Gulf access. The property measures approximately 8 acres (348, 480 sq ft) with 634 feet of frontage along Pennsylvania Avenue and 551 feet along Wisconsin Street. The City of Bonita Springs unanimously approved the rezoning on April 2, 2025 (Zoning Ordinance No. 25-05), converting the former AG-2 land to RPD zoning. The development plan was intentionally designed with reduced density. Although up to 45 homesites would have been permitted under the Land Development Code, the developer elected to cap the community at 40 units to enhance neighborhood character, curb appeal, and overall quality of life. The approved layout includes a mix of single-family homes and two-family attached residences, thoughtfully arranged around a central lake that serves as both a stormwater feature and an attractive community amenity.
All major approvals are in place. The Environmental Resource Permit (ERP) is completed, the Army Corps of Engineers has confirmed that no permit is required, and the Development Order (DO) application has been submitted with approval anticipated. Homeowners association documents for the future community—Imperial Enclave of Bonita Springs—are fully drafted and ready for state filing.
The planned architectural concept allows for homes up to three stories, incorporating a sacrificial first level for superior flood protection with two levels of living space above. This design preserves the natural grade, reduces the need for fill, and is expected to result in favorable long-term flood insurance premiums.
The location is exceptional, just 11 minutes from the Bonita Beach and close to the historic Old Bonita district, boutique shops, the iconic Sugarshack, and the renowned Shangri-La Springs. The surrounding neighborhood features a blend of long-established homes and new upscale construction, reflecting strong demand and continued area growth.
This is one of Southwest Florida’s strongest shovel-ready infill development offerings—ideal for builders or investors seeking a fully entitled project with prime location, completed approvals, and significant market demand.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,749,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $4,599,200 | $4,599,200 | $4,599,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.428% | 6.110% | 5.932% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $26,476 | $27,575 | $38,192 |
| Total Monthly Payment | $26,601 | $27,700 | $38,317 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.