On Wednesday an auction for the 4.68 acres of land known as Gulf View Colony on Fort Myers Beach closed. There was only one qualified bidder who didn’t even make a bid, according to several of the property owners.
There are 58 owners at Gulf View Colony, which is located next to the Red Coconut property now owned by Seagate. Gulf View Colony was a mobile home community. It was completely wiped out by Hurricane Ian.
The reserve bid for the property at the auction was $11 million, The reserve price is the minimum the seller, in this case the 58 property owners, will consider. The GVC property, located at 2945 Estero Boulevard, is the 4th largest land parcel on Fort Myers Beach.
In 2024 the GVC property was listed for $19 million. Seagate, which now owns the Red Coconut property that is entangled in litigation, had a contract on the GVC land. It was for less than $19 million but that number was never made public…