Extremely rare offering. This 2.3 acre parcel, according to the survey, should have room for five dwelling units. It is combined with a second, abutting out parcel known as Lot #14, Cardinal Ridge. The parcel has recently been cleared of pepper and has great views facing west. It has a deeded beach access running next to the Hurricane House on West Gulf Drive. Ideal location for townhouses or a cluster development. Great opportunity for someone looking to build a family compound or small development. Located predominately in D-2 Ecological Zone, this property has 100,204 sq. ft. With 25% impermeable this should allow for 25,051 of coverage and 30% total developed area (30,061 sq. ft.). The 21 foot high spoil mound located on the parcel could be used to raise the base elevation of the developed area to allow the homes to be built at grade. The base flood elevation at this location is AE-9. Access to the parcels would be through Island Inn Road. Monthly rentals only.
† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
located at Island Inn RD, Sanibel, FL
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