Offering Details
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The Royal Beach Club site was formerly operated as a 16-unit timeshare property alongside an 11-unit condominium resort at 800–802 Estero Boulevard, Fort Myers Beach, Florida. Positioned directly on the Gulf of Mexico, the property occupies a highly desirable stretch of beachfront with strong long-term redevelopment potential.
The combined parcels encompass approximately 1.58+/-acres, including 1.05 acres landward of the 1978 Coastal Construction Control Line and roughly 200 linear feet of direct Gulf frontage.
The redevelopment strategy assumes a Density and Height Variance request, seeking to reinstate the pre-storm intensity of 27 units through a vertical design deviation that aligns with contemporary luxury standards.
| Use Type | Units (Pre-Storm) |
|---|---|
| Timeshare | 16 |
| Condominium | 11 |
| Total Existing Units | 27 |
Based on recent transactions and a projected density of 21 total units, the following proforma brief illustrates the investment potential of this beachfront development site.
| Metric | Detail | Valuation |
|---|---|---|
| Beachfront Land | 74,923 SF @ $313/SF | $15,500,000 |
| Residential Units | 21 units @ $4,600,000/unit | — |
| Projected Residential Value | 21 Luxury Units | $96,600,000 |
Development scenarios include 21 luxury units at 2,500 SF under density constraints, or a hotel opportunity with units under 450 SF at 1.5:1 FAR. Both opportunities position this site as a compelling entry point into the Southwest Florida luxury coastal market.
Structures sustaining more than 50% damage may be reconstructed to their legally documented use, density, intensity, size, and style — provided the new construction complies with applicable code.
The RM zoning district designates suitable locations for a wide variety of multifamily residences. The Mixed Residential designation supports both established neighborhood character and modern vertical development, offering base density of 6 units/acre with potential for up to 10 units/acre under the Future Land Use overlay.
Contact Erin Harrel, PhD and Jessica Nolan at The Harlan Group for full due diligence materials and to schedule a site tour.
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