![]() On Monday, efforts will begin to spruce up the property with painting and landscaping. Wheelock and Ronto have developed more than 700 condominium units on the west coast of Florida. Timbers develops luxury properties, including boutique resorts, hotels and private residence clubs. There are 20 swimming pools, a pool complex, beachfront golf, tennis, a full-service spa and restaurants. They range from a hotel and guestrooms and suites, one- to three-bedroom condos, a private home, cottages to small home rentals.Īll have balconies and lanais with views of the waterfront. It’s a great opportunity to take it and enhance everything.” “We saw this as iconic, old-Florida charm. “These things don’t come on the market that often,” Spencer said of South Seas. ![]() After the Air Force, he earned a master’s degree in real estate development at Colombia University in New York, then joined Timbers, working his way up to CEO. He is a former Air Force logistics officer who served for five years. “We see this as a phenomenal piece of real estate,” said Greg Spencer, CEO of Timbers Company, which is based in Winter Haven. The 330-acre resort and wildlife preserve and estuary comprise about one-third of the northern tip of the 6-mile-long island. South Seas sits on 2.5 miles of white-sand beaches. The value has more than doubled in 15 years, from just before the Great Recession began and the real estate bubble burst. The new owners bought it from BRE/South Seas Resort Owner LLC, part of Blackstone, an investment management company.īlackstone had purchased it in February 2006 for $23.4 million. The Timbers Company, Wheelock Street Capital and the Ronto Group have combined forces for the purchase of the iconic property that has been in place since 1946. ![]() Recent guests love how much there is to do on the property, but a handful of them have noted that the inn is beginning to show its age and could probably benefit from upgrades.South Seas Island Resort, which is on the northern tip of Captiva Island, has sold for $50.38 million. During the afternoon, a poolside cabana serves lunch and cocktails. The on-site restaurant, Dante’s Restaurant, offers breakfast and dinner dishes inspired by a coal-fired oven. Visitors can rent everything from kayaks to paddleboards to bikes for no additional fee. Meanwhile, on-site amenities include a heated outdoor pool, beach chairs, outdoor grills and free parking. A stay here consists of a complimentary membership at The Dunes Golf & Tennis Club, where visitors can enjoy discounted golf and live entertainment. Each of property’s 93 guest rooms includes a screened-in balcony, a 42-inch flat-screen TV, a minifridge, a microwave, a coffee maker and complimentary Wi-Fi access. There’s plenty to do at the Sanibel Inn, a beachfront property that offers panoramic views of the Gulf of Mexico from its location on Sanibel Island in Florida. Recent guests rave about the friendly staff here. Upgrade to a suite for extra perks like a full kitchen and separate living and sleeping spaces. Standard rooms are missing some common amenities, including minifridges and microwaves. There are 49 guest rooms and suites, which all include flat-screen TVs, tile floors and sun decks. Other perks include free parking, an on-site laundry facility (coin operated) and complimentary Wi-Fi access throughout the property, including in accommodations. As far as food goes, there is a complimentary continental breakfast offered daily as well as an on-site restaurant, Traditions on the Beach, where the hotel’s guests receive a discount. Those hoping to break a sweat can use the tennis and volleyball courts, before winding down under a rented beach umbrella. Travelers looking to get wet can swim in the outdoor pool (heated and cooled) or rent kayaks and paddleboards and explore the Gulf of Mexico. The assortment of amenities at this resort is truly impressive, especially considering there is no resort fee. Guests can hardly find a negative thing to say about the Island Inn, which is a beachfront property on Sanibel Island in Florida.
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