RM-2 INFILL DEVELOPMENT OPPORTUNITY near McGregor Blvd and the Sanibel corridor. Approx. 0.40-acre corner parcel with potential for up to 5 residential units, subject to Lee County review and approval. Conceptual 4-unit and 5-unit development plans by Johnson Engineering are included, helping builders and investors visualize the possibilities for this site. This mostly cleared parcel offers flexibility for multi-family or single-family development with up to 3-story height potential, subject to buyer verification and applicable approvals. Corner positioning at Iona Road and Peppertree Drive provides excellent access and visibility. Public utilities are available, including water, sewer, electric and underground wiring. No HOA is associated with the parcel, offering additional flexibility in planning and design. Surrounded by established neighborhoods, waterfront communities, boating amenities and nearby recreational facilities, the property offers a well-located infill opportunity for builders, developers, investors or end users. Conceptual plans and renderings are for illustrative purposes only and are not approved site plans, development orders or building permits. Final density and development potential are subject to Lee County review and approval. Buyer to conduct all due diligence regarding zoning, density, permitted uses, utilities and development requirements.
278 days on market · Listing updated October 3, 2026
Location
Facts & Features
- Utilities:
- Electricity Available, Trash Removal, Underground Utilities, Water Available
- Sewer:
- Central
- Water Source:
- Central
- View:
- Lake, Privacy Wall, Water Feature
- Waterfront:
- Lake
- Direction Faces:
- Southeast
- Lot Features:
- Corner Lot, Irregular Lot, See Remarks, Cleared
- Vegetation:
- Grassed, See Remarks
- Irrigation:
- None
- Road Surface:
- Paved
- Community Features:
- None, No Subdivision, Non-Gated
- Subdivision:
- PEPPERTREE POINTE
- Zoning:
- RM-2
- Annual Taxes:
- $1,470
- Possession:
- Close Of Escrow
- Listing Terms:
- Cash
Price History
| Date | Event | Price |
|---|---|---|
| Feb 3, 2026 | Original list price | $250,000 |
Reflects listing data on file, not a complete transaction history.
Listed by Janka Varmuza, Royal Shell Real Estate, Inc.
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