THE RITZ-CARLTON RESIDENCES, ESTERO BAY APPROACH $500 MILLION IN SALES
After just one week on the market, the North Tower defines the unparalleled demand for waterfront living reaching 10 percent sold and totaling more than $60 million in sales.
Following the recent launch of sales for the property’s North Tower, The Ritz-Carlton Residences, Estero Bay has reached an impressive $494 million in sales to date. The initial South Tower is now 85 percent sold, while within a week of hitting the market, the North Tower reached 10 percent totaling more than $60 million in signed contracts. This success underscores the widespread appeal and desirability of these luxurious waterfront homes, offering an exceptional opportunity for buyers seeking unparalleled living on the shore less traveled.
Led by the visionaries at London Bay Development Group, the property, in total, will feature 224 distinguished residences within two 22-story towers on nearly a mile of waterfront overlooking the tranquil waters of Estero Bay and beyond into the Gulf of Mexico. Anticipated for completion in 2026, the residences are fully underway, bringing owners one step closer to calling this coastal destination home.
“It seems it was just yesterday when we unveiled this ambitious project, yet in the span of a year, a remarkable journey has unfolded,” said Mark Wilson, CEO and President of London Bay Development Group. “From the opening of our sales gallery in January 2023 to the groundbreaking ceremony six months later in July, culminating in the recent launch of the North Tower, the ongoing success is a testament to the enthusiasm the market has shown for these one-of-a-kind branded residences.”
Foot traffic through the stunning 5,000-square-foot Sales Gallery has been unrelenting as the spring season begins with prospective buyers, brokers, and realtors alike all looking to learn more about this luxury community. The immersive setting, which overlooks the construction site of the upcoming towers, features a 3D scale model of the development, 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.
Priced from the $3 millions, the airy and bright residences flow through a contemporary palette and classic design. Owners will have the choice of three finish packages selected by Meyer Davis, the award-winning New York design studio behind the property's stunning interiors and impressive shared spaces. Floor plans range from 2,628 to 3,885 square feet and include two, three and four bedrooms, each with a den. Every unit boasts unobstructed sunset views of the bay, spacious balconies up to 2,200 square feet, and private elevator lobbies.
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, while lush landscape architecture by EDSA transforms the outdoor spaces into a tropical oasis.
Renowned Ritz-Carlton hospitality 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. The Oasis, a centrally located, 8,000-square-foot space, will present a Sunset Lounge, private dining room, Sports & News Café, Wine & Whiskey room, library/card room, and demonstration and catering kitchen.
The launch of the North tower introduces additional amenities not previously revealed, establishing a new pinnacle of leisure options. Among these features is a state-of-the-art sports simulator, offering enthusiasts and athletes an ideal venue for honing their skills, from golf to basketball and soccer, in an immersive and realistic environment. An intimate screening room will present a theater setting for enjoying favorite films and shows, bringing family and friends together for a comfortable and convenient viewing experience.
The Ritz-Carlton Residences, Estero Bay is set within the new coastal village of Saltleaf on Estero Bay, a master-planned community that connects residents to over 500 acres of nature preserve. The development includes Saltleaf Marina, which will directly neighbor the residences, offering slips for 72 vessels up to 30 feet in length and a five-star waterfront restaurant. Saltleaf Golf Preserve presents an 18-hole championship course, known as 'The Preserve,' as well as one of the only 9-hole short courses in Southwest Florida, 'The Leaf.' Both courses are now officially open to the public, with access permitted for a daily fee. Tee times are currently available for booking at saltleafgolf.com.
The property is a short drive away from many of the best beaches in the country as well as dining, boutiques, and galleries in nearby Bonita Springs, and only 20 minutes from Southwest Florida International Airport. For more information, visit www.TheResidencesEsteroBay.com.
