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SWFL Update

Sunseeker Resort Applies for Permit to Build 17-Acre Marina

Sunseeker Resort, a 785-room waterfront resort in Charlotte Harbor, Florida, has applied for a permit to build a 17-acre marina. The proposed marina would include 250 wet slips, 50 dry slips, a fuel dock, a ship’s store, and a restaurant.

The marina would be located on the south side of the resort, adjacent to the existing beach club. It would be accessible to both Sunseeker Resort guests and the public.

The marina would be a significant addition to the resort and to the Charlotte Harbor area. It would provide boaters with a new and convenient place to dock their boats, and it would offer guests a new way to explore the area’s waterways.

The marina would also create jobs and boost the local economy. The resort estimates that the marina would create 50 new jobs and generate $10 million in annual economic impact.

The permit application is currently being processed by the Charlotte County Board of County Commissioners. If approved, construction on the marina could begin in early 2024 and be completed in late 2025.

The Sunseeker Resort marina would be a welcome addition to the Charlotte Harbor area. It would provide boaters with a new and convenient place to dock their boats, and it would offer guests a new way to explore the area’s waterways. The marina would also create jobs and boost the local economy.

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Island Update Real Estate News SWFL Update

Hurricane Ian awards announced

Florida Gov. Ron DeSantis awarded $338 million in state funding to communities impacted by Hurricane Ian to support long-term recovery efforts and resiliency.

These funds will be used to assist with ongoing hurricane repairs and recovery efforts for schools, sheriff’s offices, fire stations, parks and recreation centers, roads, wastewater treatment plants, beach renourishment, and will assist local governments with loss of revenue since the storm.

“My administration made a promise to cut through bureaucratic red tape and fill in gaps where federal funding ends for communities impacted by Hurricane Ian,” said DeSantis. “This $338 million in funding is going to make a difference as these communities are rebuilding.”

Funding highlights include:

  • $1 million to Captiva Erosion Prevention District
  • $350,000 to Captiva Fire Control District
  • $14 million to Fort Myers Beach Fire Control District
  • $600,000 to the City of Fort Myers
  • $4.3 million to Lee Memorial Health Systems
  • $51 million to Lee County School Board
  • $8 million to Sanibel Fire and Rescue District
  • $28 million to the City of Sanibel
  • $51 million to the City of Cape Coral

The Hurricane Recovery Program was established to assist with gaps in hurricane repairs and recovery efforts to schools, sheriff’s offices, fire stations, parks and recreation centers, roads, wastewater treatment plants, beach renourishment, and much more. For updates and information on disaster recovery resources, go to FloridaDiaster.org.

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SWFL Update

Topgolf Fort Myers Sells for $38 Million

The Topgolf property in Fort Myers, Florida, has sold for the second time in 18 months, this time for $38 million. The buyer is Win Chevrolet Properties, which recently relocated from Carson, California, to Sarasota, Florida. The seller was Sideways Properties, which along with Bowery Fort Myers LLC, paid $32.3 million for the 14-acre property in March 2022.

Topgolf is a popular entertainment venue that combines golf, food, and drinks. The Fort Myers location has 36 golf bays on the second floor and 36 on the ground floor, as well as a 215-yard driving range with netting up to 175 feet high.

The sale of the Topgolf property is a sign of the strong commercial real estate market in Fort Myers and the surrounding area. The city has experienced significant population growth in recent years, and businesses are increasingly looking to expand in the region.

Click here for the entire article

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SWFL Update

Red Coconut RV Park Site Sells for $52 Million on Fort Myers Beach

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.