Fort Myers Beach Condos and Land Sold for $7.35 Million

Waterside Manatee Bay Holdings, LLC purchased the 19 unsold condo units in the Manatee Bay tower in the Waterside at Bay Beach community, 4182 Bay Beach Lane, Fort Myers Beach from CRM Florida Properties. The purchase price was $7,350,000 and included an adjacent development parcel entitled for an additional 58 units.

Completed in 2008, the 19 units feature well-designed two-, and three-bedroom floor plans that range from 1,390 square feet to 1,848 square feet.

Located on the southernmost end of Fort Myers Beach, the Waterside at Bay Beach community is a gated, luxury, high-rise development that features seven high-rise buildings with a mile of frontage on Estero Bay. Residents enjoy sweeping vistas of the Gulf of Mexico and Estero Bay, community deeded access to the beach, 42 deep-water slips, a fishing pier, and convenient access to the adjacent Fort Myers Beach Golf Club. Other community amenities include a resort-style pool and spa, tennis courts, social room, fitness center, BBQ area, walking trails and under-building parking.

Jonathan Richards of CBRE and Tom Reed of SunStream Realty brokered the transaction.