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$4,100,000
Est. payment /mo
9.42 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2026032012
Construction Status Resale
HOA Y/N No
Year Built 1910
Annual Tax Amount $15,016
Tax Year 2025
Lot Size 9.423 Acres
Acres 9.423
Property Sub-Type Hotel/Motel
Property Description
Lofton Island is an approximately 9.3-acre private island set in the Caloosahatchee River, directly beneath the Edison Bridge in the heart of downtown Fort Myers' River District. It is one of the only privately held, fully-entitled islands of its size in Southwest Florida, and it is coming to market during a generational wave of public and private redevelopment along the downtown riverfront, including the reopening of Legacy Harbour Marina, Suntex Marinas' planned expansion of the Fort Myers Yacht Basin, the 21-story ONE Fort Myers condominium tower, and the City's Innovation Walk riverfront master plan.
The site carries by-right Commercial-Intensive (CI) zoning, entitling hotel/resort, marina, restaurant and bar, entertainment, and high-density residential uses without the need for rezoning. Infrastructure work is already in place: over $2M has been invested in a completed directional-bore utility crossing connecting water, sewer, electric, cable, and gas service to the island, and the property is permitted by the Florida Department of Environmental Protection for a 75-slip deep-water marina, including four 200-foot superyacht berths. A 30-year (plus two 30-year renewal options) submerged land lease with the City of Fort Myers is executed, and the project has secured a $1M State of Florida grant toward marina redevelopment. U.S. Army Corps of Engineers federal sign-off and recording of the City utility easement remain the final steps in the permitting process.
With roughly 1,500 linear feet of waterfront frontage, unobstructed visibility to daily bridge traffic, and immediate proximity to the Fort Myers Yacht Basin and River District core, Lofton Island offers a developer the flexibility to phase or blend hospitality, marina, and residential product on a single entitled waterfront parcel, a combination that is effectively unavailable elsewhere in downtown Fort Myers.
The site carries by-right Commercial-Intensive (CI) zoning, entitling hotel/resort, marina, restaurant and bar, entertainment, and high-density residential uses without the need for rezoning. Infrastructure work is already in place: over $2M has been invested in a completed directional-bore utility crossing connecting water, sewer, electric, cable, and gas service to the island, and the property is permitted by the Florida Department of Environmental Protection for a 75-slip deep-water marina, including four 200-foot superyacht berths. A 30-year (plus two 30-year renewal options) submerged land lease with the City of Fort Myers is executed, and the project has secured a $1M State of Florida grant toward marina redevelopment. U.S. Army Corps of Engineers federal sign-off and recording of the City utility easement remain the final steps in the permitting process.
With roughly 1,500 linear feet of waterfront frontage, unobstructed visibility to daily bridge traffic, and immediate proximity to the Fort Myers Yacht Basin and River District core, Lofton Island offers a developer the flexibility to phase or blend hospitality, marina, and residential product on a single entitled waterfront parcel, a combination that is effectively unavailable elsewhere in downtown Fort Myers.
Location
State FL
County Lee
Area Dt01 - Downtown Fort Myers
Interior
Furnishings Furnished
Fireplace No
Exterior
Utilities Available Other
Waterfront Description River Front
Present Use Mixed Use
Garage No
Building
Construction Status Resale
Others
Senior Community No
Tax ID 14-44-24-P2-00013.0000
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Listed by ERA Right Choice Realty • Mark Vancosky
NEARBY SCHOOL & BUSINESS
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EverySWFLHome Team
Broker / Team Leader | License ID: BK3449476
Broker / Team Leader License ID: BK3449476