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1240 Coconut Dr, Fort Myers, FL, 33901

7beds
11baths
10,493sqft
$13,300,000
$1,268price/sqft
$102,084/moest. monthly cost
$4,083,360/yrincome needed

About This Home

A true crown jewel of Southwest Florida, this Palladian-inspired waterfront estate stands in a class entirely its own. Offering a level of craftsmanship, scale, and resilience more often associated with Naples or Palm Beach, this is a generational type property, an estate that simply cannot be recreated at this value. It is a residence that quietly yet unmistakably signals arrival. Set behind private gates on more than two secluded acres in one of Fort Myers’ most prestigious waterfront settings, the impeccably furnished estate unfolds as a private world. Once on property, the surroundings fade away, replaced by a tranquil botanical sanctuary filled with rare and exotic plantings sourced from around the globe. The sense of privacy is complete, resort-level living, entirely your own. Spanning nearly 19,200 square feet of living space, the estate offers 153 feet of direct Gulf-access waterfront, two private docks, and a boat lift accommodating vessels up to 40 feet with a 30,000-pound lift (expandable). Designed with longevity and strength in mind, the elevated residence delivers exceptional peace of mind without sacrificing beauty or elegance. The principal residence features four luxurious bedroom suites, two private offices, a professional-grade fitness studio, and both indoor and outdoor theaters designed for refined entertaining. A 2,000-bottle wine cellar anchors the home for collectors, while the chef’s kitchen is a true statement, finished in African walnut with custom cabinetry, marble countertops, premium appliances, and elegant marble sliding panels that conceal functionality behind a seamless, gallery-like design. Outdoor living rivals the finest five-star resorts, centered around a breathtaking 75,000-gallon mosaic infinity-edge pool and dramatic 16-person spa. Expansive lounge areas, a fully equipped outdoor kitchen, automated screens, and hurricane shutters allow the home to live effortlessly year-round, all framed by serene water views and lush tropical gardens. A separate three-bedroom guest house is also available and offers privacy and comfort for guests or staff, while the expansive motor court and nine garage spaces, accented by solid granite driveways and refined Mexican shell stone, will impress the most discerning automotive enthusiasts. Built without compromise by Michelangelo Custom Homes and architecturally designed by Stofft Cooney of Naples, the timeless estate showcases Italian marble flooring, custom fixtures, and precision millwork throughout. Advanced systems include state-of-the-art audio, visual, and security technology; Japanese Tensui water filtration; dual-well, web-based irrigation; elevator access; a 1,000-gallon underground LPG tank; and an extraordinary 754-light LED system that transforms the property from day to night. This is not simply a luxury home, it is a private sanctuary, a legacy estate, and one of the most remarkable and enduring waterfront offerings ever presented in Lee County.

Getting Around

9
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

3/10
2/10
5/10
Fort Myers High SchoolGrades 9-120.8 mi

Construction

Condition

  • Year built: 2013

Materials

  • Foundation: Raised,Concrete Perimeter
  • Roof: Tile
  • Construction materials: Block,Stone,Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: See Remarks
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Additional Refrigerator,Cooktop,Dishwasher,Disposal,Double Oven,Dryer,Freezer,Internet Ready,Microwave,Gas Range,Refrigerator,Refrigerator-Ice maker,Ice Maker,Washer,Water Heater,Water Treatment,Wine Cooler,See Remarks
  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 11
  • Full bathrooms: 8
  • 1/2 bathrooms: 3

Features

  • Breakfast Bar,Eat-in Kitchen,Elevator Private,Pantry,Storage,Central Vacuum,High Ceilings,Tray Ceiling(s),Elevator
  • Door features: Shutters Electric,Sliding Doors,Other Add Agt Note,Storm Door(s)
  • Window features: Casement,Impact Resistant Windows,Sliding,See Remarks,Storm Window(s)
  • Flooring: Brick,Carpet,Marble,Stone,Tile,Wood,Other
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: Ceiling Fan(s),Central Air,Zoned 3+ Cooling

Interior Area

  • Total structure area: 15,971
  • Total interior livable area: 10,493 sqft

Master Bathroom

  • Features: Bidet,Dbl Sinks,Double Vanity,Sep. Shower,Sep. Tub,Other

Master Bedroom

  • Features: Balcony,Carpet,Dressing Rm,Porch,Sitting Area,2 Walk-In Closets,See Remarks
  • Level: Second

Property

Details

  • Parcel number: 264424P1000010000
  • Other equipment: Generator

Features

  • Levels: One
  • Stories: 1
  • Private pool: Yes
  • Pool features: In Ground,Diamond Brite,Equipment Stays,Fenced,Gas Heat,Negative Edge,Pool Bath,Other,Private
  • Patio & porch: Open Porch,Patio,Screened,Porch
  • Exterior features: Storage,Outdoor Kitchen,Boat Lift,Dock,Electric at Dock,Water at Dock,Balcony
  • Spa features: Heated,Spa
  • Fencing: Privacy,Fenced
  • Has view: Yes
  • View description: Lawn/Garden,River
  • Has water view: Yes
  • Water view: River
  • On waterfront: Yes
  • Waterfront features: Navigable Water,River Front,Seawall,See Remarks,Gulf Access,River

Lot

  • Lot size: 2.18 Acres
  • Features: Survey Avail,Other,Irregular Lot

Parking

  • Total spaces: 3
  • Parking features: 3+ Garage,Garage Door Opener,Golf Cart Garage,Separate Garage,Other,See Remarks
  • Has garage: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Coastal Flooding
Lightning
Tsunami

FEMA Declared Disasters in Lee County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $67,252$807,024
Home Insurance *$15,669$188,028
Property Taxes $18,108$217,296
Electricity $1,055$12,671
Total$102,084$1,225,008
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$3,500,022/yr
40% on housing$3,062,520/yr
45% on housing$2,722,240/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.2%
15.2%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 2.7%
2.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,268This listing

vs Other Active Listings

Avg $/sqft

ZIP 33901$268
Lee County$283

vs Homes Sold Last Month

Median $/sqft

ZIP 33901$219
Lee County$222

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-01-26Price change$13,300,000
2024-11-25Listed for sale$15,988,000
2024-11-25Pending sale$15,988,000
2024-11-18Price change$15,988,000
2024-08-13Pending sale$17,950,000
2024-08-13Listed for sale$17,950,000
2024-08-12Pending sale$17,950,000
2024-08-05Listing removed--
2023-07-03Listed for sale$17,950,000
2023-03-01Listing removed--
2022-01-13Listed for sale$15,950,000
2021-06-30Listing removed--
2018-01-23Listed for sale$15,950,000
2017-06-08Listing removed$15,999,000
2017-05-11Price change$15,999,000
2016-12-05Price change$19,950,000
2016-05-13Listed for sale$25,565,000
2008-07-29Sold$2,750,000
2008-05-02Price change$2,990,000
2007-11-22Price change$3,400,000
2007-11-14Listed for sale$3,880,000
2005-08-11Sold$2,940,000
2001-04-04Sold$774,300
1996-06-24Sold$175,000
1995-06-14Sold$162,500
1993-10-14Sold$590,000

For Sale by Agent

AgentMike H McMurray
BrokerageRoyal Shell Real Estate, Inc.

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