Sapphire Estates (Iona Corridor) | Fort Myers, FL
Sapphire Estates is the next opportunity for single family development in the Iona Road area of Fort Myers, Florida, a proven marketplace for new home construction. This 5.15 acre infill property is located at the southwest corner of Iona Road and Cook Road in Lee County, FL, and includes access from Cook Road with an additional exit from the community onto Iona Road. Just minutes from local beach destinations and attractions, Sapphire Estates is situated to create a home oasis that also boasts quick access to major employment and retail centers.
Currently undergoing rezoning from AG-2 to RPD in Lee County, this proposed 20 Unit Residential Development will include gated access and desirable 50 lot widths. The current property owner has also initiated SFWMD permitting, and obtained favorable Phase 1 and 2 environmental assessments. As it is currently planned, the community will include ...
Currently undergoing rezoning from AG-2 to RPD in Lee County, this proposed 20 Unit Residential Development will include gated access and desirable 50 lot widths. The current property owner has also initiated SFWMD permitting, and obtained favorable Phase 1 and 2 environmental assessments. As it is currently planned, the community will include two premium lakefront homesites, sidewalks along Iona Road to further promote walkability, and an intensive buffer bordering both roadways.
The site includes two existing homes, one of which is a historical site that could potentially be repurposed for a community amenity or relocated. This creates an opportunity for immediate cash flow potential as rental properties, until development commences. Additionally, the property includes existing landscaping elements, most notably mature royal palms, useful for future development and buffering.
Given the prime infill location in a proven marketplace, and the up-front scope of work completed to allow residential development, Sapphire Estates is positioned to become the next successful community to emerge in the Iona Road corridor.
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