$219,900

About This Property

Rare RM-2 zoned corner parcel allowing up to 5 residential units, presenting a strong infill development opportunity in a desirable Fort Myers location near McGregor Boulevard, marinas, and the Caloosahatchee River. This approximately 0.40-acre mostly cleared lot offers flexibility for multi-family or single-family development with up to 3-story height potential, subject to buyer verification and 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 restrictions allow greater flexibility in planning and design. Surrounded by established neighborhoods, waterfront communities, boating amenities, and nearby recreational facilities, this property is well suited for builders, investors, or end users seeking a development-ready site in a well-located corridor. Opportunities with this zoning and parcel size are increasingly limited in this area. Buyer to conduct all due diligence regarding zoning, density, and permitted uses.

infoProperty Details

Property Type

Residential Lot

Lot Size

0.41 acres

Days on Market

145

List Date

Feb 3, 2026

Annual Taxes

$1K (2025)

HOA Fee

$0

yardExterior & Lot

Mortgage calculator

Estimate excludes taxes, insurance, HOA dues, PMI, lender fees, and financial advice.

Listed By

Royal Shell Real Estate, Inc.

239-472-0078