The Red Coconut RV Park site, the largest available piece of Fort Myers Beach real estate, sold for $52 million on September 19, 2023. The sale comes almost one year after the property was devastated by Hurricane Ian.
The property was purchased by Seagate Development Group, a South Fort Myers-based company. The company has not yet announced its plans for the site, but the sale is seen as a positive sign for the redevelopment of Fort Myers Beach.
The Red Coconut RV Park was a popular tourist destination for many years. It was established in 1925 and was one of the earliest commercial establishments constructed on Fort Myers Beach. The resort was well known for hosting the city’s first religious services, voting precinct, and police station.
The sale of the Red Coconut RV Park site is the highest value land transaction in Fort Myers Beach history. It is a sign of the strong demand for beachfront property in the area, even after the devastation caused by Hurricane Ian.
What does this mean for the future of Fort Myers Beach?
The sale of the Red Coconut RV Park site is a positive sign for the future of Fort Myers Beach. It shows that there is still strong demand for beachfront property in the area, even after the devastation caused by Hurricane Ian.
Seagate Development Group is a local company with a vested interest in the redevelopment of Fort Myers Beach. The company has not yet announced its plans for the site, but it is likely that they will develop it into a new mixed-use development that includes residential, commercial, and recreational components.
The redevelopment of the Red Coconut RV Park site will be a major boost for the Fort Myers Beach economy. It will create jobs, generate tax revenue, and help to attract new businesses and residents to the area.
What can we expect to see in the coming months and years?
In the coming months and years, we can expect to see the following on the Red Coconut RV Park site:
- Demolition of the existing structures
- Site preparation
- Construction of new buildings and infrastructure
The specific development plans will depend on the final plans approved by the city of Fort Myers Beach. However, it is likely that the new development will include a mix of residential, commercial, and recreational components.
The redevelopment of the Red Coconut RV Park site is an exciting new chapter for Fort Myers Beach. It is a sign that the community is recovering from Hurricane Ian and is moving forward into the future.
