Harlan Group Commercial Real Estate
Asking Price
$15,500,000
Property Type
Land
Land Area
1.58+/-
Gulf Frontage
200 Linear Ft
By-Right Max Units
27 Units
Target Units
21 Units

Property Photos

Gulf frontage
Gulf Frontage View
Aerial with pin
Aerial — Site Location
Ground level
Ground Level — Looking North
Aerial ICW view
Aerial — ICW & Surroundings
Background

Property Overview

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.

  • 11 condominium units across two three-story buildings (two floors over parking) — built 1984
  • 16 timeshare units within a three-story building (600 SF per unit)
  • Condo units ranging from approximately 924 to 1,386 square feet
  • 12–14 surface parking spaces plus under-building parking
  • Residential Multifamily zoning designation
  • Mixed Residential Future Land Use classification
Entitlement

Current Entitlement Summary

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
Financials

Asset Fundamentals & Proforma

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.

Rebuild Rights

Rebuild Parameters

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.

  • FEMA flood elevation requirements (100-year flood level)
  • Current Florida Building Code
  • Coastal Construction Control Line regulations
  • All applicable development regulations
Zoning

Land Development Code

RM — Residential Multifamily District (Sec. 34-644)

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.

Base Density
6 units/acre
Max Density (Overlay)
10 units/acre
F.A.R.
1.2
Height Limit
35 ft / 3 stories
Gulf Setback
50 ft
Building Coverage
Per §34-634

Interested in This Offering?

Contact Erin Harrel, PhD and Jessica Nolan at The Harlan Group for full due diligence materials and to schedule a site tour.

Contact Us Today