Land zoned for multifamily housing and commercial use is being marketed for $3.4 million in south-central Charlotte County, potentially opening the door for additional development in an area that includes ranches, farmland, apartments and mining operations.
Listing agent Chris Shryock of Tampa-based Ross Realty Group said the 13.5-acre parcel at 27750 Bermont Road wraps around the Winn-Dixie in the Cleveland Marketplace shopping plaza off U.S. 17. Municipal water and sewer hookups are available from Duncan Road, he said.
The property owners are Flown LLC and Five Reasons LLC, both based in Green Cove Springs, Shryock said.
Of the total acreage, 9.58 acres are zoned for multifamily development, which could allow nearly 100 apartment units and a clubhouse. The remaining 3.95 acres are zoned for commercial use.
Property records show the owners paid $100,900 for the land in 2006; property taxes in 2024 were $14,788.97.
Separately, a group of investors from Florida’s east coast recently paid $9 million for about 600 acres of agricultural land in southern Charlotte County, continuing a trend of growing interest in large land acquisitions in the area.
Investors recently purchased about 600 acres of agricultural land south of Zemel Road near U.S. 41 in Charlotte County for $9 million. The property sits near the Lee County line and will continue operating as farmland while held as a long-term investment.
LSI Companies Inc.
The property at 16901 N. Tamiami Trail has long operated as a working farm. Under the terms of the sale, the buyers are allowing the sellers to continue farming acreage south of Zemel Road, as the new owners have no immediate plans to develop the land, said Hunter Ward of Fort Myers-based LSI Companies Inc.
Ward, who brokered the transaction with Billy Rollins, said the parcel includes roughly a mile of frontage along U.S. 41 and sits south of Zemel Road near the Lee County line.
The buyers are a group of business partners who built their wealth through land investments, Ward said. The purchase was completed using 1031 exchange funds, which allow investors to defer capital gains taxes by reinvesting proceeds from a sale into a like-kind replacement property.
The land was acquired through two limited liability companies, 1897 Del Prado Blvd. LLC and New Investment Bank Building LLC. The sellers transferred the property through their entities Five H. Family LLC, Florida Land & Properties LLC and Hathis Wadi LLC.
Ward said the investors were drawn to Southwest Florida, and Charlotte County in particular, because of the amount of preserved green space compared with more densely developed coastal counties elsewhere in the state. The buyers expressed interest in holding land in the region as a long-term investment.
Interest in large tracts of land in Charlotte County has been increasing, Ward said, and more sizable parcels are expected to come on the market in the coming months as owners assess opportunities to sell.
That activity contrasts with conditions in the residential housing market, where sales have slowed, particularly in planned developments. Realtors reported in December that while demand remains for higher-priced properties, including luxury homes and large land holdings, buyer activity has cooled for new construction in many subdivisions.