11421 Dickey Lane $8,500,000

LSI Companies is pleased to present an unparalleled and rarely available redevelopment opportunity in Captiva, Florida, well suited and poised for up to three private luxury estate homes or lucrative investment rentals. Located on the bay side of Captiva directly on Pine Island Sound, this 0.9± Acre property offers a recently reconstructed 1,450± Sq. Ft. shared private boat dock with slips and lifts, making it accessible directly by boat via deep water Roosevelt Channel (8–8.5' average depth) or vehicularly via Captiva Road, and offering the utmost convenience to avid mariners. It is comprised of two parcels on Captiva Island, one of the most world-renowned vacation and secondary luxury home destinations. Superb, walkable access to the sugar sand beach on the Gulf of Mexico is close by. Located in close proximity to Sanibel, Pine Island and Fort Myers Beach. Nearby landmarks and attractions include South Seas Resort, McCarthy's Marina, Jensen's Marina & Cottages, Tween Waters Island Resort & Marina in addition to Captiva Square, Bubble Room and much more. To the North is the Rauschenberg Estate, and around the corner is Chadwick's Square, which hosts Starbucks, Sunny Island Adventures, and numerous other retail opportunities. Captiva has a rich cultural history and is home to art galleries, local festivals, and boutique restaurants offering residents and visitors an enriching experience. HIGHLIGHTS: • Secluded waterfront redevelopment opportunity with recently reconstructed shared dock on deepwater Roosevelt Channel • Zoned RM-2 (Multiple-Family Districts) with future land use designation “Outlying Suburban,” allowing up to (3) dwelling units per acre • This is the only bayside development site currently available consisting of two lots • Unparalleled opportunity for luxury estate homes or lucrative vacation rentals • Rentals on Captiva are generally restricted to weekly, but nightly rentals were grandfathered in on this property (may transfer to a buyer) • Superb walkability to Gulf Beach access points and the Village

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