Seagate lists former Red Coconut site on Fort Myers Beach, seeks buyer or partner

FORT MYERS BEACH, Fla. —

A vacant plot of land on Fort Myers Beach, previously home to Red Coconut RV park, is up for sale again, following controversial plans for a development featuring high-rise condos.

The property, purchased by Seagate Development Group in 2023, was originally planned for two 17-story condo towers, featuring shops and restaurants along Estero Boulevard and Donora Boulevard. Now, the development group is looking for someone else to purchase the land or enter a joint venture.

While some residents oppose the development, others hope the space will be revitalized through a new owner.

Roman Gilberti, a Fort Myers Beach native, said he remembers when the area was vibrant before Hurricane Ian.

"I remember seeing all the locals, you know, every day," Gilberti said. "Just after Hurricane Ian, you know, seeing them get pushed out was pretty, pretty tough."

Gilberti also voiced concerns about Seagate's condo plans.

"We already have a Margaritaville. We already have a Diamond Head," Gilberti said. "I feel like we should do more about trying to bring the community together rather than bring more tourists to the area."

The debate over the land’s future even led to a recall election of two town council members. While some residents share Gilberti’s concerns, others, like Nathan Phelps, think the area would benefit from the development.

"I have no problem with condos," Phelps said. "I know a lot of people have the mentality of the old Fort Myers. I love it, too. Progress is progress, and things are moving. So, let's get something going to make it look nicer on the beach."

The asking price for the land has not been posted online, but the listing notes that the owner may be interested in staying involved if another developer steps in. Gulf Coast News reached out to Colliers Commercial Real Estate and Seagate Development Group, but we have not heard back.

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