4018-4036 Princeton St, Fort Myers, FL 33901
Dimitri Schwarz
Property Overview
Introducing Princeton Development, a rare opportunity to acquire a premier residential site in stunning Southwest Florida. This exclusive listing offers 3.4 acres of prime land, pre-approved for 72 multifamily units, or can pursue up to 174 single-bed units with a design change. Strategically situated in central Fort Myers, the property enjoys proximity to key demand drivers and high-traffic areas, making it an ideal location for a top-notch multifamily project. With its exceptional potential for growth and returns, this development is lucrative opportunity for savvy investors seeking to capitalize on the thriving Southwest Florida market. Princeton Development is a proposed modern, three-story multifamily project comprised of 72-units. The design resembles stacked townhomes where two-story units are ‘stacked’ on top of a ground-floor unit. The proposed design comprises 4 buildings, each with a collection of 18 units with a combination of 2 & 3-bedroom layouts ranging from 960sq.ft. A/C to 1130 sq. ft. A/C. A feature highlight is private exterior front entrances with no shared lobbies or common corridors, giving residents more separation than condos. Catering to the entry-level market, this no-frills complex offers a combination of modernity and simplicity, urging residents to venture into the town to enjoy all the nearby conveniences. Princeton Development has had an extensive design review. Once the architect is re-engaged to complete the building design, anticipation is a 5–6 month timeline from bldg. permit; a design update to the 2023 building code for drawings is required. Expected turnaround for the redesign is 2 months followed by 4 months for permit approval. Initial city comments have already been received to help stay on track for permitting. Civil permit is approved and just pending issuance to help break ground prior to receiving the bldg. permit. Also, with a lead time of 3 months for storm structures, having the civil permit ready will help with the construction schedule. FPL design is complete and awaiting release. This will also help with the construction schedule due to the long lead time for transformers. Princeton Development is a financial opportunity that could significantly enhance the market value of the surrounding area while also providing numerous benefits to the community, making it a valuable addition to the neighborhood. This parcel is NOT located in a FEMA designated flood zone.Introducing Princeton Development, a rare opportunity to acquire a premier residential site in stunning Southwest Florida. This exclusive listing offers 3.4 acres of prime land, pre-approved for 72 multifamily units, or can pursue up to 174 single-bed units with a design change. Strategically situated in central Fort Myers, the property enjoys proximity to key demand drivers and high-traffic a...
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Fort Myers Fort Myers
Fort Myers, Florida Real Estate: A Tropical Paradise of Opportunity Fort Myers, nestled on the banks of the Caloosahatchee River and stretching toward the Gulf of Mexico, is one of Florida’s fastest-growing and most appealing real estate destinations. With its rich historical roots, modern amenities, and an enviable tropical climate, Fort Myers offers an unmatched quality of life. Whether you're looking for homes for sale, condos for sale, lots for sale, or simply exploring investment properties, Fort Myers real estate delivers in diversity, affordability, and potential. A City Steeped in History and Charm Fort Myers has long been known as the “City of Palms,” thanks to its picturesque palm-lined streets. The city holds a special place in American history as the winter home of Thomas Edison and Henry Ford. Their adjacent estates, now open to the public, offer a glimpse into the city’s storied past and are among its top tourist attractions. Downtown Fort Myers, also known as the River District, is a bustling area filled with restored historic buildings, modern boutiques, fine dining restaurants, rooftop bars, and art galleries. The district has undergone major revitalization in the last two decades and is now a hub for arts, culture, and entertainment. Residents and visitors alike enjoy year-round events, street festivals, outdoor concerts, and weekend farmers markets. Fort Myers Real Estate Overview Fort Myers boasts one of the most dynamic real estate markets in Southwest Florida. Whether you’re a retiree seeking a peaceful waterfront condo, a family looking for a home in a top-rated school district, or an investor targeting short-term rentals near the beach, Fort Myers has something for you. The homes for sale in Fort Myers range from modest single-family residences to luxurious waterfront estates. Many neighborhoods feature homes with modern amenities, open-concept layouts, swimming pools, and proximity to beaches, shopping, and dining. Buyers interested in condos for sale in Fort Myers will find high-rise towers overlooking the river and the Gulf, low-maintenance golf course condos, and gated 55+ communities packed with amenities. Condos are especially popular among snowbirds and retirees seeking a lock-and-leave lifestyle. Meanwhile, those searching for lots for sale in Fort Myers will discover a healthy inventory of vacant land ideal for custom homes, multi-family developments, or commercial investment. Many lots are located in up-and-coming areas, making them prime for growth and appreciation. Popular Neighborhoods in Fort Myers Fort Myers is home to numerous neighborhoods, each with its own distinct character and appeal. Some of the most sought-after areas include: 1. Downtown River District Perfect for those who love city living, the River District offers urban-style condos, walkability, nightlife, and a view of the Caloosahatchee River. It’s a cultural hub with theaters, galleries, and fine dining. 2. McGregor Boulevard This historic corridor is lined with mature trees and grand estates, offering old Florida charm with quick access to downtown and the beaches. 3. Fort Myers Beach Technically a separate city, Fort Myers Beach is a hotspot for waterfront condos and vacation rentals. Real estate here includes beachfront homes, canal-front properties, and condos with stunning Gulf views. 4. Gateway Gateway is a family-oriented master-planned community in East Fort Myers, known for its parks, excellent schools, and proximity to the airport and JetBlue Park (spring training home of the Boston Red Sox). 5. The Forum A newer development ideal for young professionals and families, The Forum features affordable homes and townhouses near major shopping centers and I-75. 6. Verandah and Colonial Country Club Gated golf course communities like these offer upscale amenities including championship golf courses, tennis, resort-style pools, fitness centers, and on-site dining. Why People Are Moving to Fort Myers Fort Myers has experienced tremendous growth in recent years, drawing people from across the U.S. thanks to its warm weather, affordability, and vibrant lifestyle. Here are some key reasons people are buying real estate in Fort Myers: Cost of Living: Compared to other coastal cities in Florida like Naples or Sarasota, Fort Myers offers more affordable housing options while still delivering similar amenities and lifestyle benefits. No State Income Tax: Florida’s tax-friendly environment attracts retirees, business owners, and remote workers. Strong Rental Market: With its seasonal population and increasing number of tourists, Fort Myers offers strong ROI potential for short-term and long-term rental properties. Outdoor Lifestyle: Boating, fishing, kayaking, biking, and golfing are everyday activities in Fort Myers. With numerous parks, preserves, and marinas, it’s a dream for nature lovers. Access to Beaches: Fort Myers Beach, Sanibel Island, and Captiva are just minutes away, making weekend beach getaways effortless. Investment Opportunities in Fort Myers Fort Myers continues to be a hotbed for real estate investors. Vacation rentals, especially near Fort Myers Beach and downtown, yield high returns during the winter and spring seasons. Many investors purchase lots or multi-family properties to build income-generating assets. With tourism booming and population growth continuing, Fort Myers real estate remains a smart long-term investment. Schools and Education For families considering a move, Fort Myers is served by the Lee County School District, which offers numerous top-rated public and charter schools. Florida Gulf Coast University and Florida SouthWestern State College provide local access to higher education and contribute to a youthful, energetic population. Transportation and Accessibility Fort Myers is well connected by road, air, and sea. Southwest Florida International Airport (RSW) is just a 20-minute drive from most parts of the city and offers direct flights across the U.S. and internationally. The city’s proximity to I-75 also makes it convenient for road travel to Tampa, Miami, and Orlando. Sustainable Growth and New Developments As Fort Myers grows, city planners and developers are focused on sustainable and responsible expansion. New mixed-use developments, smart infrastructure, and eco-friendly communities are being built throughout the city. These modern projects offer state-of-the-art amenities while preserving the region’s natural beauty. Planned communities like Timber Creek, Marina Bay, and WildBlue offer new construction homes with smart home technology, clubhouse facilities, and gated security. Whether you’re looking for new builds or historic charm, Fort Myers offers a wide array of real estate listings that cater to both buyers and renters. Fort Myers Real Estate Market Trends As of 2025, Fort Myers continues to show strong market performance. Median home prices have increased steadily, yet still remain more affordable compared to nearby markets like Naples. Low inventory and high demand make it a competitive market, especially for waterfront properties and condos near the beach. Buyers are advised to work with experienced local agents who understand neighborhood dynamics, zoning regulations, and current price trends. Whether you're a first-time homebuyer or a seasoned investor, getting professional guidance is key in this market. Conclusion Fort Myers, Florida, is more than just a beautiful place to visit—it’s an incredible place to live and invest. With its coastal charm, diverse housing options, strong economy, and vibrant community, Fort Myers real estate is attracting attention from buyers all over the country. Whether you're searching for homes for sale, condos for sale, lots for sale, or simply want to browse the latest Fort Myers listings, the opportunities here are as sunny as the weather. From retirees to young families, from vacationers to business professionals, Fort Myers welcomes all who want to enjoy the Florida lifestyle to the fullest. Fort Myers, Florida Real Estate: A Tropical Paradise of Opportunity Fort Myers, nestled on the banks of the Caloosahatchee River and stretching toward the Gulf of Mexico, is one of Florida’s fastest-growing and most appealing real estate destinations. With its rich historical roots, modern amenities, and an enviable tropical climate, Fort Myers offers an unmatched quality of life. Whether you're l...
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