9501–9599 Pennsylvania AVE, Bonita Springs, FL, 34135 | $5,749,000

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.

Features

  • Amenities: Non-Gated
  • Zoning: RPD
  • Frontage: 634
  • Lot Size: 634 x 636 x 551 x 551
  • Lot Desc: Oversize
  • View: Landscaped Area, Pond, Preserve
  • Water Front: Yes
  • MLS#: 225081804
  • Days on Market: 4 days
  • Website: https://www.raveis.com
    /prop/225081804/9501–9599pennsylvaniaave_bonitasprings_fl?source=qrflyer
Copyright © 2025  The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright Southwest Florida MLS organizations. All rights reserved.
The data relating to real estate for sale displayed on this Website comes in part from the Multiple Listing Service of the Bonita Springs-Estero Association of REALTORS®, Inc., under License No. BK3330055FL. Properties displayed on this Website include properties listed with brokerage firms other than William Raveis Real Estate. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service, or contained in the database compilation of the Bonita Springs-Estero Association of REALTORS™ Multiple Listing Service.
Listing courtesy of CoastalHaus Realty Inc   Phone: 239-285-1332

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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9501–9599 Pennsylvania AVE, Bonita Springs, FL, 34135

$5,749,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
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.