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Ad #7387149
MLS #226010179
Listing photo

TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME

645 OLD SAN CARLOS Blvd, Fort Myers Beach, FL 33931
$22,900,000
--Beds
--Baths
--Sqft
0.86Acres

About this property

TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME ENTERTAINMENT DISTRICT LOCATION! Old Seaport Place is the crown jewel of Fort Myers Beach - a rare, fully stabilized, triple-net-leased waterfront investment positioned at the epicenter of the island's billion-dollar reinvention. Situated on 1.80 irreplaceable bayfront acres in the heart of the Old San Carlos entertainment district, this institutional-grade asset delivers reliable income today with exceptional upside tomorrow. This listing includes a total of 6 parcels, anchored by three of the island's most iconic waterfront restaurants - Nervous Nellie's, Snug Harbor, and Wahoo Willie's - the property features long-term NNN leases with seasoned operators who have deep roots in the community and proven performance post-Hurricane Ian. These are not speculative tenants. They are dominant market leaders generating predictable, escalating income with percentage rent participation - all while the landlord remains insulated from operating expenses. Old Seaport Place is more than a restaurant collection. It is a revenue platform. The asset includes over 25,000 square feet of income-producing improvements, 21 deep-water marina slips, and a 122-space private parking lot - a critical competitive advantage on Fort Myers Beach. Both marina and parking components are independently monetizable and provide immediate value-add potential. The parking field alone presents a compelling development opportunity. With strong demand and favorable zoning, a multi-level garage with rooftop activation or event space could dramatically enhance revenue while reinforcing the property's position as the island's entertainment nucleus. The surrounding corridor is experiencing unprecedented capital infusion. Margaritaville Resort has elevated hospitality demand. The $200M Arches Bayfront marina village is rising directly adjacent. Major resort redevelopments and luxury condo projects are underway across the island. Tourism has surpassed pre-Ian levels, with record visitation and sustained growth in ADR and occupancy. Old Seaport Place sits directly in the path of this momentum. From a capital markets perspective, the asset delivers a compelling 7.56% in-place cap rate on 2025 NOI - outperforming comparable Florida waterfront restaurant districts that have traded in the 4.5%-6.5% range - while offering diversified income across dining, marina, and parking revenue streams. With stabilized cash flow, hard coastal real estate, hurricane-tested operations, and multiple avenues for expansion, this is a fortress asset positioned for long-term appreciation and strong exit optionality. Opportunities of this scale and location rarely come to market. Old Seaport Place is not just a secure investment - it is control of the waterfront at the center of Fort Myers Beach's resurgence.

Property Features

0 Beds
0 Baths
0 Sqft
Built in 2019
0.86 Acres
1 Story
On Beachfront
$108,763 / yr property tax
Lee County

Additional Photos

Additional listing photo 1
Additional listing photo 2
Additional listing photo 3
Additional listing photo 4

Contact Information

Dennis Wagaman

Realty One Group MVP

800-896-8790

Location

Map
Listing Agent: Dennis Wagaman 800-896-8790
Broker: Realty One Group MVP 800-896-8790 Listing Site
Copyright © 2026 Coconut Coast Organization of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 13, 2026

Photo Gallery

TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 1
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 2
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 3
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 4
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 5
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 6
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TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 8
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 9
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TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 11
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 12
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 13
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 14
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 15
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 16
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 17
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 18
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 19
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 20
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 21
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 22
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 23
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 24
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 25
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 26
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 27
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 28
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 29
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 30
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 31
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 32
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 33
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 34
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 35
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 36
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 37
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 38
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 39
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 40
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 41
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 42
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 43
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 44
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 45
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 46
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 47
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 48
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 49

$22,900,000

--
Beds
--
Baths
--
Sqft

645 OLD SAN CARLOS Blvd, Fort Myers Beach, FL 33931

By contacting this agent you agree to these Terms and Conditions.
Home Florida Fort Myers
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 1
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 2
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 3
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 4
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME - photo 5
MLS# 226010179
Condo Sale Pending

TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME

$22,900,000

645 OLD SAN CARLOS Blvd, Fort Myers Beach, FL 33931

--
Beds
--
Baths
--
Sqft
0.86
Acres
$22,900,000
645 OLD SAN CARLOS Blvd, Fort Myers Beach, FL 33931
-- Beds
-- Baths
-- Sqft
0.86 Acres
TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME ENTERTAINMENT DISTRICT LOCATION! Old Seaport Place is the crown jewel of Fort Myers Beach - a rare, fully stabilized, triple-net-leased waterfront investment positioned at the epicenter of the island's billion-dollar reinvention. Situated on 1.80 irreplaceable bayfront acres in the heart of the Old San Carlos entertainment district, this institutional-grade asset delivers reliable income today with exceptional upside tomorrow. This listing includes a total of 6 parcels, anchored by three of the island's most iconic waterfront restaurants - Nervous Nellie's, Snug Harbor, and Wahoo Willie's - the property features long-term NNN leases with seasoned operators who have deep roots in the community and proven performance post-Hurricane Ian. These are not speculative tenants. They are dominant market leaders generating predictable, escalating income with percentage rent participation - all while the landlord remains insulated from operating expenses. Old Seaport Place is more than a restaurant collection. It is a revenue platform. The asset includes over 25,000 square feet of income-producing improvements, 21 deep-water marina slips, and a 122-space private parking lot - a critical competitive advantage on Fort Myers Beach. Both marina and parking components are independently monetizable and provide immediate value-add potential. The parking field alone presents a compelling development opportunity. With strong demand and favorable zoning, a multi-level garage with rooftop activation or event space could dramatically enhance revenue while reinforcing the property's position as the island's entertainment nucleus. The surrounding corridor is experiencing unprecedented capital infusion. Margaritaville Resort has elevated hospitality demand. The $200M Arches Bayfront marina village is rising directly adjacent. Major resort redevelopments and luxury condo projects are underway across the island. Tourism has surpassed pre-Ian levels, with record visitation and sustained growth in ADR and occupancy. Old Seaport Place sits directly in the path of this momentum. From a capital markets perspective, the asset delivers a compelling 7.56% in-place cap rate on 2025 NOI - outperforming comparable Florida waterfront restaurant districts that have traded in the 4.5%-6.5% range - while offering diversified income across dining, marina, and parking revenue streams. With stabilized cash flow, hard coastal real estate, hurricane-tested operations, and multiple avenues for expansion, this is a fortress asset positioned for long-term appreciation and strong exit optionality. Opportunities of this scale and location rarely come to market. Old Seaport Place is not just a secure investment - it is control of the waterfront at the center of Fort Myers Beach's resurgence.
158 days
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Property Details

HOME DETAILS

0 Beds
0 Baths
0 Sqft
Built in 2019
0.86 Acres
1 Story

BEACH & VIEW

On Beachfront

FINANCIAL & COMMUNITY

$108,763 / yr property tax
Lee County
See More Details

Location

Map
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Ad Statistics

Ad Number
7387149
Viewed
68 times
Listing Status
Pending
Added
Mar 07, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM

Listing Information

Data Source
Coconut Coast Organization of REALTORS
Source Property ID
226010179
Listing Agent: Dennis Wagaman 800-896-8790
Broker: Realty One Group MVP 800-896-8790 Listing Site
Copyright © 2026 Coconut Coast Organization of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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SEARCH STATES
Alabama Alaska California Connecticut Delaware Florida Georgia Hawaii Louisiana Maine Maryland Mississippi New Hampshire New Jersey New York North Carolina Oregon Pennsylvania Rhode Island South Carolina Texas Virginia Washington
SERVICES
Buy Buy Advertise
COMPANY
Testimonials About Us Office Locations
SUPPORT
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ADDITIONAL MARKETS
LakeHouse.com MountainHomes.com GolfHomes.com BarrierFreeHome.com
SUBSCRIBE
Receive notifications for new listings
Subscribe
X Facebook Instagram YouTube

Dream Home Network Inc.

is committed to ensuring digital accessibility and property listings for individuals with disabilities. All information provided is deemed reliable but is not guaranteed and should be independently verified. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please let us know.

Dream Home Network Inc. Sells leads to DHN Realty Inc. who holds real estate brokerage licenses in Alabama. Listing agents will be sent notification copy of leads on their listings where Dream Home Network Inc. is provided listings via our Feed Provider as required.

© 1997 - 2026 BeachHouse.com
Part of Dream Home Network, Inc.
Last updated on 2026.08.12
Terms & Policy