Address
5100 Island Villages Circle #A-U, SAINT JAMES CITY, FL
Price
$ 15,000,000
Property Attributes
  • MLS#A4578269
  • TypeLand
  • CountyLEE
  • CitySAINT JAMES CITY
  • AreaSaint James City
  • Zip33956
  • Style
  • Taxes$ 7006
  • Price$ 15,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size66 Acres
Data Source:
Stellar MLS
Property Description

This is a great opportunity to develop up to 480 units and the Development Order on this project will never expire in SW Florida. The development project has partial infrastructure in place. Lee County has already approved the Four Plex Master Building Plan. This Property is Fully Entitled, shovel ready, and permitted to build 120 four-plex buildings. The development plans and condo docs have been completed. There is a total of 131`acres with 66 acres buildable , the balance is conservation land. City water is to 25% of the property, the sewer runs the graded loop, LCEC power easement is granted and recorded, and culverts are 80% completed. Recreation center is partially built. The project meets all the new FEMA flood elevation standards. Contact us today to purchase the entire development. Ron Abboud is related to Seller and Co-Lister on the property.

Price History
8/2/2023 Listed $15,360,000
3/13/2024 3% - $15,000,000

General Features

Sewer Public Sewer
Utilities Electrical Nearby,Other,Sewer Nearby,Water Nearby
Zoning RM2
HOA 400
Pets Allowed Yes
Unit Number A-U
Tax Year 2022
Current Use Multi-Family
Percent Ownership Condominium
Assoc Fee Paid Per Monthly
County Lee
Property Type Land
HOA / Comm Assn Yes
Status Active
Directions West on Pine Island Drive,South on Stringfellow Drive,and then right on Island Villages Circle.
City SAINT JAMES CITY
Buyer Agent Compensation 3%
MLS Area 33956 - Saint James City
Lot Size Square Feet 1096006
Waterfront Y/N No
Street Name Island Villages Circle
Tax Annual Amount 7006.19
Public Remarks This is a great opportunity to develop up to 480 units and the Development Order on this project will never expire in SW Florida. The development project has partial infrastructure in place. Lee Co
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4578269
Days on Market 236
AssociationName2 Villages of Pine Island
Standard Status Active
Legal Description PARL IN SE 1/4 DESC IN OR 1995 PG 3343 PARCEL REC
Monthly HOA Amount 400

Interior Features

Living Area Units Square Feet

Exterior Features

Water Source Public
Lot Size Area 25.1608
Lot Dimensions Varies
Lot Size Acres 66
Road Surface Type Dirt
Lot Size Units Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 33956

Price
AVG $370K
$15M
Taxes
AVG $1,562
$7,006
Visits
AVG 213
1775
Data Provided by Inside Real Estate®

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