EXECUTIVE SUMMARY:
LSI Companies is pleased to present this 6.74± acre development opportunity in Naples, FL. Santa Barbara Landings Tract B is positioned along the east side of Santa Barbara Blvd., south of Radio Road and north of Davis Blvd., within an established area of unincorporated Collier County. Tract A is the existing Granada Lakes Villas with 248 condo units.
The parcel is part of Santa Barbara Landings RPUD with existing approvals for development of up to 43 units. The permitted density under the Future Land Use of Urban Mixed-Use District/Urban Residential Sub-District is 4 dwelling units per acre; however, the property is located within the residential density band, which extends from the Mixed-use Activity Center located at the intersection of Santa Barbara Blvd., and Davis Blvd., allowing an additional 3 dwelling units per acres for a total of 7 dwelling units per acre. Additionally, there is a potential to increase density to 16 dwelling units per acre for a total of 107 units by undergoing a PUD amendment. A purchaser should verify this possibility with a land use attorney and Collier County.
Permitted product types include, but are not limited to single-family attached and detached, townhouse and multifamily. Per Collier County’s requirement that 25% of the property remain as native vegetation, 1.75± acres (see concept plan on page 7) would be dedicated as preserve area, which would leave 5± net developable acres. The parcel is also subject to a 100’ wide roadway easement for Santa Barbara Blvd., and a maximum building height of 30 feet (2-stories).
Preliminary Engineer Opinion of Cost available upon request*
LIST PRICE:
• $3,100,000 (As-Is)
• $5,400,000 (with PUD Amendment)
