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The Ritz-Carlton Residences, Estero Bay Hits $240 Million In Sales

May 16, 2023

The Ritz-Carlton Residences, Estero Bay sales velocity has continued to propel through the month of April, achieving $240 million in sales to date, as it sails toward the next benchmark of beginning construction this summer. The property, led by visionary London Bay Development Group, will feature 224 distinguished residences within two elegant 22-story towers on nearly a mile of waterfront. With purchases now under contract, this surge of activity is the result of interest from buyers drawn to the property’s unrivaled offerings and the rare opportunity to live among nature, on the shore of the thriving Estero Bay aquatic preserve.

"The overwhelming demand for these residences attests to the long-term value and unparalleled lifestyle of The Ritz-Carlton Residences, Estero Bay and the tremendous appeal of living in the brand new coastal village of Saltleaf on Estero Bay. Here, residents will have at their doorstep a world-class marina with a five-star waterfront restaurant, an 18-hole championship golf course designed by Raymond Floyd, a nine-hole short course for all ages and levels, and hundreds of acres of natural beauty,” said Mark Wilson, CEO of London Bay Development Group. “There is truly nothing else like this in Southwest Florida and our Owners recognize that."

The 5,000-square-foot sales gallery, located at 5000 Coconut Road in Bonita Springs, features an immersive setting features a 3D scale model of the 30-acre property, along with a full-size residence kitchen, wet bar with wine storage, master bathroom and master closet made from custom millwork, featuring all finishes and appliances. There is also a technology-driven conference room, presentation areas, an on-site selection studio and virtual reality experiences.

Priced from $3 million, The Ritz-Carlton Residences, Estero Bay range from 2,628 to 3,885 square feet and include two, three- and four-bedrooms with a den. Dedicated private elevator entry, unobstructed sunset views of the bay and spacious balconies up to 2,200 square feet enhance enjoyment of daily life. Storage will be abundant, with generous bedroom closets and a personal private storage unit located on the resident’s floor. Owners will have a choice of three finish packages assembled by Meyer Davis, the award-winning New York design studio behind the property’s stunning interiors and impressive shared spaces.

Nestled beside the natural beauty of the state’s oldest aquatic preserve of Estero Bay, the residences present a rare opportunity for the legendary brand in a sheltered oasis. Imagined by globally acclaimed design firm Arquitectonica, the cascading façades of the buildings are inspired by the tranquil waterfront setting, integrating harmoniously into the surrounding topography. Allowing for maximized vistas, each condominium frames the sky to capture natural light, from sunrise to sunset.

Legendary Ritz-Carlton service and personal connections will be apparent in all facets of ownership through The Experience Studio, whether seeking a private training session or spa treatment. A rich program of amenities spans five acres, with 36,000 square feet of indoor offerings. This includes a Wellness Center with garden views offering fitness, a yoga and Pilates studio, a private training section, and locker rooms with steam and sauna. A centrally located, 8,000-square-foot space will present a Sunset Lounge, private dining room, Sports & News Café, Wine & Whiskey room, card room, and demonstration and catering kitchen.

The property’s outdoor oasis stimulates wellness, surrounded by enchanting gardens by landscape architect EDSA. Residents can enjoy three pools and floating-like pavilions at an expansive lagoon water feature. Bocce courts, multiple fire pits and barbeque stations also promote group gatherings.

The Ritz-Carlton Residences, Estero Bay is set within the new coastal village of Saltleaf on Estero Bay, a reimagined, master-planned community that connects residents to over 500 acres of nature preserve. A short walk leads to the 72-slip Saltleaf Marina, which recently broke ground, and Saltleaf Golf Preserve, a reimagined 18-hole championship course with a brand new nine-hole short course, currently underway and opening for play later this year.

Minutes away is the friendly town of Bonita Springs, home to dining, boutiques, and galleries, and Barefoot Beach, named one of the top 10 beaches in the U.S. Getting to The Ritz-Carlton Residences, Estero Bay is easy, only 20 minutes from Southwest Florida International Airport.

In Development, Development News, Development Sales, Luxury Real Estate, Naples, News, News & Features, Sales Update Tags Development, Development News, Development Sales, Luxury Real Estate, News, News & Features, Naples, Residential, Sales UpdateTags News & Features, London Bay Development Group, Mark Wilson, The Ritz-Carlton, The Ritz-Carlton Residences, The Ritz-Carlton Residences Estero Bay, EDSA, Meyer Davis, Meyer Davis Studio, Arquitectonica, Featured, Sales Update, May 2023
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