Introducing Princeton Development, a rare opportunity to acquire a premier residential site in stunning Southwest Florida. This exclusive listing offers 3.4 acres of prime land, pre-approved for 72 multifamily units, or can pursue up to 174 single-bed units with a design change. Strategically situated in central Fort Myers, the property enjoys proximity to key demand drivers and high-traffic areas, making it an ideal location for a top-notch multifamily project. With its exceptional potential for growth and returns, this development is lucrative opportunity for savvy investors seeking to capitalize on the thriving Southwest Florida market. Princeton Development is a proposed modern, three-story multifamily project comprised of 72-units. The design resembles stacked townhomes where two-story units are ‘stacked’ on top of a ground-floor unit. The proposed design comprises 4 buildings, each with a collection of 18 units with a combination of 2 & 3-bedroom layouts ranging from 960sq.ft. A/C to 1130 sq. ft. A/C. A feature highlight is private exterior front entrances with no shared lobbies or common corridors, giving residents more separation than condos. Catering to the entry-level market, this no-frills complex offers a combination of modernity and simplicity, urging residents to venture into the town to enjoy all the nearby conveniences. Princeton Development has had an extensive design review. Once the architect is re-engaged to complete the building design, anticipation is a 5–6 month timeline from bldg. permit; a design update to the 2023 building code for drawings is required. Expected turnaround for the redesign is 2 months followed by 4 months for permit approval. Initial city comments have already been received to help stay on track for permitting. Civil permit is approved and just pending issuance to help break ground prior to receiving the bldg. permit. Also, with a lead time of 3 months for storm structures, having the civil permit ready will help with the construction schedule. FPL design is complete and awaiting release. This will also help with the construction schedule due to the long lead time for transformers. Princeton Development is a financial opportunity that could significantly enhance the market value of the surrounding area while also providing numerous benefits to the community, making it a valuable addition to the neighborhood. This parcel is NOT located in a FEMA designated flood zone.
Property Details
Property Features
Listing Office:
Office Name: Downing Frye Realty Inc.
Office Phone: (239) 261-2244
Listing Agent: Jessica Catana, PA
Exterior Features
Exterior Information:
Waterfront: None
Lot Features
Lot Information:
Lot: Cul-De-Sac
Lot Size: 3.47 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $3,850,000
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Housing Market Comparison
See how this home compares to others in Fort Myers, FL.
This property is $3.4M more than the Median Sold Price in Fort Myers, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: SWFL
MLS Number: #224099852
Listing Office:
Office Name: Downing Frye Realty Inc.
Office Phone: (239) 261-2244
Listing Agent: Jessica Catana, PA
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 1:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
3
/10
Orangewood Elementary School
4001 Deleon St
Distance between this listing and this school0.22 miles
Public District Grades KG-5
3
/10
Allen Park Elementary School
3345 Canelo Dr
Distance between this listing and this school1.01 miles
Public District Grades KG-5
5
/10
Tanglewood Elementary School
1620 Manchester Blvd
Distance between this listing and this school1.51 miles
Public District Grades KG-5
Nearby Schools
2
/10
Fort Myers Middle Academy
3050 Central Ave
Distance between this listing and this school1.51 miles
Public District Grades 6-8
4
/10
Paul Laurence Dunbar Middle School
4750 Winkler Avenue Ext
Distance between this listing and this school3.89 miles
Public District Grades 6-8
5
/10
Cypress Lake Middle School
8901 Cypress Lake Dr
Distance between this listing and this school4.17 miles
Public Magnet Grades 6-8
Nearby Schools
1
/10
Coronado High School
3057 Cleveland Ave
Distance between this listing and this school1.38 miles
Public Charter Grades 7-12
1
/10
City of Palms Charter High School
2830 Winkler Ave Ste 201
Distance between this listing and this school1.59 miles
Public Charter Grades 9-12
7
/10
Lee County Virtual Franchise
2855 Colonial Blvd
Distance between this listing and this school1.60 miles
The neighbors living near this home have an average income of $70,331. The most common annual income of people living in Fort Myers, FL is between $35k-100k. Most families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Living In Fort Myers, FL
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What type of housing is available in Fort Myers, FL?
Fort Myers' housing market showcases a blend of single-family homes, condominiums, and townhouses, with a noticeable presence of Mediterranean and ranch-style architecture. Single-family homes are prevalent, making up a significant portion of the market, while the condominiums and townhouses offer alternatives for those seeking a more maintenance-free lifestyle. The area has seen a steady increase in new developments, particularly gated communities that offer additional amenities.
Is Fort Myers, FL a good place to live?
Fort Myers is celebrated for its vibrant history and connection to the arts, with annual events like the Fort Myers Film Festival drawing cultural enthusiasts. The community prides itself on its scenic riverfront, historic downtown area, and the Edison and Ford Winter Estates, which reflect the city's rich heritage and attract visitors year-round.
Are things conveniently located in Fort Myers, FL?
The city is served by a range of educational institutions, including public and private schools that cater to various educational needs. Healthcare is well-supported with several hospitals offering a spectrum of services from emergency care to specialized treatments. The public library system is robust, providing residents with access to a wealth of knowledge and resources. Retail and dining options are plentiful, with an emphasis on seafood and local cuisine that mirrors the coastal lifestyle of the area.
What does the transportation in Fort Myers, FL look like?
Fort Myers' transportation network includes a public bus service with routes connecting key areas of the city, though schedules may vary. Ride-sharing services are readily available, offering a convenient alternative for residents and visitors. The city is also connected by major roads and highways, facilitating travel to nearby cities and attractions. Efforts to enhance walkability are evident in the downtown area, which is designed to be pedestrian-friendly, while bike lanes are also available in certain parts of the city.
Frequently Asked Questions About 4018-4036 Princeton St
What is the listing price of this property?
The listing price of 4018-4036 Princeton St property is $3,850,000.
What type of property is this?
The property 4018-4036 Princeton St is land located in Fort Myers, Florida, 33901.
Is this property for sale now?
Active Listing: 4018-4036 Princeton St is For Sale (Active/New) which means the seller is accepting offers.
How much acreage is this property?
The property 4018-4036 Princeton St is 3.47 acres.
Interested in 4018-4036 Princeton St? Let's connect.
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This home is located at 4018-4036 Princeton St in Fort Myers, FL and zip code 33901. This home sits on a 3.47 acre lot. It has been listed on Rocket Homes since December 11, 2024 and is currently priced at $3,850,000.
Fort Myers, FL housing market in November 2024 saw over 13 listings sold above listed price, more than 32 sold at listed price and over 224 sold below. The number of homes for sale in Fort Myers, FL increased by 18.2% between October 2024 and November 2024. In November 2024, listings were on the market for 79 days. During the same period, the median list price in this real estate market was $373,994.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
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