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London Bay Acquires Sandpiper Gulf Resort In Fort Myers Beach For $25M

Property Image
SOLD
$25,000,000

Florida

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Condo
Sold 12/15/2023
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Property Image
SOLD

London Bay Acquires Sandpiper Gulf Resort In Fort Myers Beach For $25M

5550 Estero Boulevard

See Similar Deals
Condo
Sold 12/15/2023
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Condo
Transaction Type:Sale

The 63-unit Sandpiper Gulf Resort on Estero Island has been sold to London Bay, a Southwest Florida developer, for $25 million. The property, located at 5550 Estero Boulevard in Fort Myers Beach, is a condominium. The sale price equates to approximately $396,825 per unit.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $25,000,000
  • Units: 63
  • Price per Unit: $396,825
  • Buyer: Mark Wilson - London Bay

This acquisition complements London Bay's expansion efforts on Estero Island. The developer recently opened the 58-unit Grandview at Bay Beach tower and also purchased 10 acres of land from the destroyed Outrigger Beach Resort for $38.2 million. London Bay is actively investing and expanding in the area.

Players

MW
Mark Wilson
2 deals$63.2M volume
BUYER

Details

SOLD
IMAGE: Mark Wilson DATE: 12/15/2023 ADDRESS: 5550 Estero Boulevard MARKET: Fort Myers Beach ASSET TYPE: Condo BUYER: Mark Wilson - London Bay (@LondonBayGroup) SALE PRICE: $25,000,000 UNITS: 63 ~ PPU: $396,825 NOTE: London Bay, a Southwest Florida developer, purchased the 63-unit Sandpiper Gulf Resort on Estero Island for $25 million. The acquisition aligns with London Bay's expansion efforts on Estero Island, following the recent opening of the 58-unit Grandview at Bay Beach tower and the purchase of 10 acres of land from the destroyed Outrigger Beach Resort for $38.2 million.

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