Sight Real Estate Acquires MultiFamily Property In Fort Myers For $3M

The $3 million sale of a two-acre, waterfront plot in Fort Myers has been arranged by Lee & Associates. The property, located at 2543 First St, Fort Myers, FL, 33901, is set to be the future site of Riverfront First Street Apartments, a residential community by Sight Real Estate. The development will offer over 200 units with a range of studio to three-bedroom floor plans. It will feature amenities such as a pool, pool deck, clubhouse, onsite parking structure, and a fitness center. The community's strategic location places it one-and-a-half miles from downtown Fort Myers along the Caloosahatchee River.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $3,000,000.00
• Market: Fort Myers
• Seller's Representative: Matthew Rotolante (Lee & Associates)
• Buyer: Sight Real Estate

In this transaction, Matthew Rotolante of Lee & Associates acted as the seller's representative, representing Compass USA SPE LLC in the sale of the two-acre waterfront plot in Fort Myers. The buyer, Sight Real Estate, a subsidiary company, will oversee the development of the Riverfront First Street Apartments along the Caloosahatchee River. The community's focus on luxury living with a variety of unit options and upscale amenities is expected to have a significant impact on the Fort Myers real estate market.