High-Impact Dev Site with Beach Access 2945 Estero Blvd 4.62 Acres of Commercial Land Online Auction Sale Fort Myers Beach, FL 33931

Gulf View Colony is a 4.627± acre redevelopment site located at 2945 Estero Boulevard within the Village zoning district of Fort Myers Beach. The property benefits from deeded beach access and direct frontage along Estero Boulevard, the island’s primary north–south corridor, providing scale and visibility that are increasingly scarce on Fort Myers Beach.

The Village zoning district was intentionally established by the Town of Fort Myers Beach to facilitate redevelopment of legacy properties such as Gulf View Colony and the adjacent Red Coconut site. Unlike conventional zoning districts, the Village framework provides a codified and pre-approved redevelopment pathway, with defined development standards and a structured Development Order / Planned Development approval process.

The zoning permits by-right one- and two-family residential development, while also allowing higher-density residential, multifamily-style, lodging, and mixed-use redevelopment through the Development Order process. Subject to Town approvals, residential density of up to 15 dwelling units per acre may be achieved. Low-rise townhome and multifamily-style residential development is expressly contemplated within the Village redevelopment framework. In addition, hotel and lodging uses are achievable through application of the Town’s density equivalency methodology, which converts approved residential density to lodging units based on unit size and design and may support up to approximately 30 lodging units per acre, subject to approvals.

Development standards provide for a maximum building height of 30 feet above flood elevation and a maximum Floor Area Ratio (FAR) of 1.2, subject to the approved development plan. The Village framework further contemplates mixed commercial and residential uses along Estero Boulevard, supporting hospitality-oriented and mixed-use concepts consistent with the Town’s Comprehensive Plan.

The redevelopment trajectory of this corridor is evidenced by nearby and adjacent projects, including the Red Coconut redevelopment, which sold in September 2023 for $52,000,000 (approximately $5.73 million per acre) and is planned for 141 total units, along with a private beach club, restaurant, public beach park, and additional amenities. Additional approved projects such as Arches, The Neptune, and Gulfside 12 further reinforce the direction of development in the immediate area.

Fort Myers Beach supports this redevelopment activity with strong and diversified demand, including more than 1.8 million annual visitors and a growing regional population exceeding 264,000 residents within a 10-mile radius, contributing over $3.9 billion in annual consumer spending.

Given its scale, location, and a zoning framework specifically designed to support redevelopment, Gulf View Colony represents a limited and difficult-to-replicate opportunity for institutional investors and developers seeking exposure to Fort Myers Beach through a clear, structured entitlement process.