By: Sean Roth | Real Estate Editor

Completed in 2008, Manatee Bay Tower houses a total of 58 units, ranging in size from 1,390 to 1,848 square feet. Units in the development were previously marketed for about $600 per square foot.

The additional land has entitlements for the development of another 58 residential units.

Located on the southernmost end of Fort Myers Beach, the Waterside at Bay Beach community is a gated, luxury high-rise development that features seven high-rise buildings with a mile of frontage on Estero Bay. The community features deeded access to the beach, 42 deep-water slips, a fishing pier, and is adjacent Fort Myers Beach Golf Club. Other community amenities include a pool and spa, tennis courts, social room, fitness center, barbecue area, walking trails and under-building parking.

Jonathan Richards of CBRE and Tom Reed of SunStream Realty handled the transaction.

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