4511 N Key Dr

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Address: 4511 N Key Dr, North Fort Myers, FL 33903, USA

Florida & Gulf Coast + Land/Development

Created date: May 21, 2026

Date last updated: September 28, 2026

Rare 15.36± acre waterfront peninsula redevelopment opportunity in North Fort Myers.
Existing seawall and 43 boat slips provide immediate marina utility and long-term placemaking value.
CT – Commercial Tourist zoning and the North Fort Myers Mixed Use Overlay support flexible mixed-use and tourist-oriented development.
Direct boating access to the Caloosahatchee River and Gulf of Mexico enhances both end-user appeal and development optionality.
Three-parcel assemblage offers scale rarely available on the riverfront corridor.
Potential to execute residential, hospitality, marina-oriented, or broader mixed-use concepts.
Irreplaceable location along a fully built-out peninsula creates strong barriers to entry for future competing supply.
Waterfront character, marina infrastructure, and conceptual planning support a compelling value-creation narrative for institutional and private capital alike.

Property Description

3461–4511 North Key Drive presents a rare large-scale waterfront redevelopment opportunity comprising approximately 15.36± acres at the western tip of a fully built-out peninsula in North Fort Myers, Florida. The property benefits from direct access to the Caloosahatchee River and the Gulf of Mexico and includes substantial existing marina infrastructure, highlighted by a seawall and 43 boat slips. This existing waterfront utility differentiates the asset from traditional land opportunities and provides immediate strategic value for a buyer pursuing a marina-oriented residential, hospitality, mixed-use, or lifestyle-driven development concept. From an entitlement and positioning standpoint, the property is zoned CT – Commercial Tourist and lies within the North Fort Myers Mixed Use Overlay, giving the site a regulatory framework that supports tourist-oriented housing, amenities, and flexible mixed-use development. The combination of scale, waterfront exposure, access, and existing marine infrastructure creates a redevelopment opportunity that is difficult to replicate along the riverfront corridor. For a prospective purchaser, the investment thesis centers on acquiring an irreplaceable waterfront landholding with multiple executable development paths in a region that continues to benefit from sustained migration, tourism demand, and limited supply of comparable waterfront redevelopment sites.