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Investment Highlights
- The ONLY development site for sale on Marco Island across the street from the Ocean
- Benefits from significant in-place cash flows with the ability to expand the surface-lot operation
- In-place approvals for a mixed-use project featuring 14 ultra-luxury units, 2 rooftop restaurants and 3 stories of parking.
- Exceptional optionality given immediate development potential and operational flexibility
Executive Summary
APPROVALS:
717 S Collier is fully-approved for an upscale mixed-use project with sweeping ocean views featuring 14 ultra-luxury residential units averaging over 2,000 SF, two rooftop restaurants, and 252 covered parking spaces across a 5-story structure. The Site is nearly shovel-ready and permits are in-place (95% completed) with only a few remaining comments from the municipality requiring approval. All related documents are available through JLL’s online document center. Flexible zoning provides a diverse set of alternative development opportunities including commercial uses, mixed-use, or other creative concepts.
IN-PLACE CASH FLOW:
The Site also benefits from significant in-place parking cash flows, which grossed $23.6k in revenue in December 2025, and functions as one of the Island’s only publicly-accessible lots offering 80 parking spaces with the ability to expand to a maximum of 110 spaces across the remaining vacant portion of the assemblage. AirGarage began managing the property through a 75/25 split beginning September 2025.
Data Room Click Here to Access
Property Facts
1 Lot Available
Lot
| Lot Size | 1.17 AC |
| Lot Size | 1.17 AC |
1.17-acres of land across the street from the sand on Marco Island Beach. 30% vacant and 70% surface parking lot Addresses: 711 & 731 S Collier Blvd, Marco Island, FL 34145 Folios: 57871720009, 57871640008 Existing Use: 80 parking spaces
Description
1.17-Acre lot operating as the "Turtle Lot" with 80 existing parking spaces servicing as parking for the beach. In-place approvals call for 14 ultra-luxury units with 12,000+ SF of rooftop restaurant space atop a 3-story parking garage. There is an ability to expand the surface lot operation to 110 spaces while preparing for development and maximizing cash flow.
Property Taxes
| Parcel Numbers | Improvements Assessment | $253,714 CAD | |
| Land Assessment | $5,335,418 CAD | Total Assessment | $5,589,132 CAD |
Property Taxes
Presented by
711 S Collier Blvd - The Turtle Parking Lot
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