Historic Fort Myers Beach property sells to developer for $52 million

Naples/Fort Myers

Cost of Ian mounts: A historic piece of land on Fort Myers Beach has sold for $52 million, the latest deal post-Hurricane Ian. The buyer is local developer the Seagate Development Group. The 10-acre property was the site of the Red Coconut RV Park, which had been on that spot since 1925 and once housed the city’s first post office, voting precinct and police station, according to LSI Cos. which represented Seagate. It also hosted the first religious service in the city. The park was destroyed during Hurricane Ian last year. According to a statement from Seagate, “the office, store and maintenance building all were destroyed. And that iconic beach house, which was brought in by barge in 1932, floated off its foundation and down Estero Boulevard.” Fran Myers, who bought the park with her late husband Tom in 1982, and her family decided to sell rather than rebuild. Seagate has not disclosed its plans for the property. 

The big get bigger: One of the biggest real estate agencies in Southwest Florida, John R. Wood Christie’s International Real Estate, has bought an office building in Cape Coral. The plan, according to a statement, is for the firm to renovate the 4,400-square-foot building’s interior with the goal of moving from its current office later this year. The new office, at 4017 Del Prado Blvd. S., is about three times larger than the Cape Coral space it occupies now. John R. Wood Christie’s would not disclose a purchase price and county records had not been updated as of Sept. 21. The building was previously owned by an LLC with a Queensbury, New York address that paid $1 million for it in 2015, county records show. John R. Wood Christie says that as of June it has closed 3,207 deals with a sales volume of $2.557 billion this year.