Rare opportunity to acquire an oversized corner parcel in a well-established Fort Myers location near McGregor Boulevard, marinas, and the Caloosahatchee River. This approximately 0.40-acre mostly cleared lot offers flexibility for residential development under current RM-2 zoning, allowing for up to 5 residential multi-family units with 3 story hight restriction or single-family use, subject to buyer verification and approvals. The site benefits from excellent visibility and access at the intersection of Iona Road and Peppertree Drive, with public utilities available including water, sewer, electric, and underground wiring at or near the property. No HOA restrictions provide additional freedom in planning and design. Surrounded by mature neighborhoods, waterfront communities, and nearby boating amenities along with recreational facilities like swimming pool, the property offers a compelling blend of location, size, and development potential that is increasingly difficult to find in this area. Ideal for investors, builders, or buyers seeking a long-term hold or custom project.

"Based on information submitted to Sanibel & Captiva Islands Association of REALTORS as of February 9, 2026 5:43 AM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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Doug Parks

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