261 Maine Avenue
FORT MYERS, FL 33905
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23 lot Gulf Access Subdivision on 13.39 acres. This property was purchased to develop in 2004 for $1,650,000. Lost to foreclosure in 2008. Survey and 26 page subdivision site plan. 100 ft. wide deep canal direct gulf access. Great location for executive who wants water and easy access to I75. 1,900 linear feet of waterfront. City water and sewer. Can immediately build a spec home on front 1/3 acre lot. This is the last large gulf access subdivision/acreage in Lee County. This 13.39 acres consists of 4 parcels that has been approved and vested as a platted 37 lot subdivision. A new site plan was strategically designed for highest and best use to avoid wetland issues. This development was 60% percent through the permitting process before it went into foreclosure in 2008. An investment firm had purchased this property in 2013 as an REO from a bank. Now, due to the lack of inventory, they have decided it is a good time to resell. Great opportunity for a developer/builder/investor to take advantage of this below market waterfront land. This is priced as a cash deal.
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Last updated Apr 6, 2024
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MLS# 216010751 —
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