11088 Kelly RD, Fort Myers, FL 33908

Property Description

Rare development opportunity in the highly desirable South Fort Myers corridor. This 4.6± acre site offers a prime infill location on Kelly Road just minutes from Sanibel Island, Fort Myers Beach, and the major commercial corridors of Gladiolus Drive, Summerlin Road, and US-41. The property has already been rezoned for multifamily residential use and includes an approved Master Concept Plan for a 69-unit residential development, providing significant value and reducing entitlement risk for a future developer. The conceptual design envisions a low-rise multifamily community with multiple residential buildings, amenities, parking, and supporting infrastructure. With rezoning completed and planning work already advanced, this site represents a strong opportunity for a builder or investor to continue the development process and bring a multifamily project to market in one of the most supply-constrained areas of Lee County. The location benefits from close proximity to beaches, major employment centers, retail, healthcare, and year-round tourism demand. South Fort Myers continues to experience strong population growth and housing demand, particularly in the coastal corridor between Fort Myers and Sanibel. Direct frontage on Kelly Road provides convenient access and visibility while still offering a quiet residential setting surrounded by established communities. Water and sewer infrastructure are available in the area, supporting future development potential. Opportunities to acquire entitled or rezoned multifamily land of this size and location are increasingly limited in South Fort Myers. This property is well suited for multifamily rental, build-to-rent communities, or a boutique residential development designed to serve the strong demand generated by the nearby coastal destinations. Developers and investors seeking a strategic site in a high-growth market are encouraged to inquire for additional planning information and documentation related to the approved concept plan. In addition to the current approved plan, there is also potential upside for an investor. This could include exploring a possible rezoning to a commercial or mixed-use configuration, evaluating density optimization opportunities through city-supported programs such as the Live Local Act, and improving the site layout by reconfiguring the existing lake area to increase usable land. These options would require further analysis and coordination with the city, but they present additional value beyond the already approved 69-unit development.

Listing Status:

Active

Date Added:

March 6, 2026

Data Last Updated:

April 7, 2026 at 2:08PM

Listing Office:

North and Vrillaud Realty Group : (239) 850-7117

MLS ID:

2026011505

Exterior

• General: Community
• Pool: Community

Location

• Road/Access: Paved
• HOA Amenities: ClubhouseParkPoolCommunity RoomSpa/Hot TubDog ParkFitness CenterPickleballSidewalkStreetlightUnderground Utility0.0
• Originating MLS: Florida Gulf Coast
• County: Lee

Lot

• Zoning: MC2PARL IN S E 1/4 AS DESC IN OR 1368 PG 134031-45-24-L3-00015.0010
• View: LakeView
• Fencing: Fenced
• Current Use: 03-Multi-Family-10 Units Or More
• Restrictions: Deeded

Utilities

• Utilities: Cable ConnectedElectricity ConnectedPhone ConnectedSewer ConnectedUnderground UtilitiesWater ConnectedElectricity on Property
• Water: None
• Sewer: None

Financial

• Source: Florida Gulf Coast