Vanessa Fioravante


The transaction marks the most expensive condo sale in Lee County

Months after unveiling its exclusive penthouse collection, The Ritz-Carlton Residences, Estero Bay has officially broken the record for most expensive condo sale in Lee County, with the purchase of its 21st story penthouse in the project’s South Tower by a repeat buyer. With an impressive 6,250 square feet of luxurious interiors and an ample 7,380 square feet of exterior space, the residence stands unrivaled in the market, redefining indoor-outdoor living. Developed by London Bay Development Group, the project unites a coveted waterfront location on Estero Bay surrounded by 500 acres of nature with world-class design and the most amenities of any other condominium in the region.

The penthouse collection presents four masterfully designed sky villas with two distinct floor plans of either 12,790 or 13,630 square feet, inclusive of exterior space. The first features four bedrooms, four bathrooms and one half-bath, complemented by an awe-inspiring wraparound terrace spanning 7,380 square feet. The second, nestled on the top level of each 22-story tower, includes four bedrooms, five bathrooms, one half-bath and a breathtaking 6,010-square-foot outdoor veranda. Reflecting the development’s promise to offer the pinnacle of coastal living amidst the area’s natural splendor, the sweeping terraces are a paradise for relaxation and entertainment. Soaring ceilings and sleek glass railings blur the lines between indoor and outdoor spaces, granting unparalleled connection with the surrounding waters. Equipped with a summer kitchen and two dining areas, each offers a luxurious spa overlooking magnificent panoramas and various areas for relishing coveted sunsets.

Adding to the allure, each villa-like penthouse is elegantly appointed, as expansive layouts flooded with natural light will amplify the senses, emulating coastal tranquility. Interiors by award-winning design firm Meyer Davis offer the choice of three interior finish packages – light, medium, and dark – adding a personalized touch to match individual tastes. Millwork will bring warmth, while rare stones and luxury fabrics blend to exude the epitome of an elevated lifestyle.

Kitchens are adorned with European custom cabinetry, under-cabinet lighting, Italian porcelain countertops and backsplash, and Sub-Zero/Wolf appliances, including ample wine storage. Master bathrooms with double doors allow for sunrise to sunset vistas directly from the freestanding, center-mounted Kallista sculptured tub. A relaxing shower with a rain-head style system and handheld fixtures offers a spa-like rejuvenating experience. Each residence encompasses a generously sized den, providing versatility for a myriad of purposes, as well as private elevator entry within the residence, for exclusivity and ease.

“We are thrilled to announce the sale of the first penthouse at The Ritz-Carlton Residences, Estero Bay, truly the crown jewel of our project," said Mark Wilson, CEO of London Bay Development Group. "We have experienced incredible demand with over $500 million sold to date, and this penthouse sale to a repeat buyer further underscores the project's success.”

 Globally renowned architecture firm Arquitectonica designed the two-tower development with the intention of capturing the essence of the Gulf Coast through natural colors, raw textures, and soft touches. The towers' cascading façades, inspired by the waterfront undulation, purposefully frame the sky, seamlessly blending with the surrounding topography. The penthouse collection, keeping in line with the coastal-inspired design, was meticulously crafted to mirror the ambiance of grand hilltop residences, purposefully unfolding towards the captivating vistas of Estero Bay.

"What we created with this penthouse collection is a product truly unparalleled in the market. These homes embody the essence of 'villas in the sky,' boasting outdoor spaces unlike any other,” said Bernardo Fort-Brescia, Principal of Arquitectonica. “Penthouses at The Ritz-Carlton Residences, Estero Bay evoke the feeling of grand estates, seamlessly blending indoor and outdoor living with expansive terraces that rival the size of the units themselves, transforming Estero Bay into the owner's private backyard.”

Nestled beside the breathtaking beauty of the state’s oldest aquatic preserve of Estero Bay, The Ritz-Carlton Residences, Estero Bay exude elegance and sophistication at every turn. The towers will bring 224 residences ranging in size from 2,628 to 3,885 square feet. Priced from the $3 millions, a variety of capacious floor plans suit different lifestyles, with two-, three-, and four-bedroom layouts, plus a den. Unobstructed sunset views of the bay can be enjoyed from every residence, with balconies extending up to 2,200 square feet, perfect for outdoor entertaining or simply taking in the landscapes.

Ritz-Carlton service and personal connections will be apparent in all facets of ownership through the concierge team at 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 alone. This includes a Wellness Center with fitness, a yoga and Pilates studio, private training rooms, and locker rooms with steam and sauna. Adding to the experience, a centrally located, 8,000-square-foot space, The Oasis, will present a Sunset Lounge, private dining room, Sports & News Café, Wine & Whiskey Room, card room, and demonstration and catering kitchen. A state-of-the-art sports simulator will offer enthusiasts and athletes an ideal venue for honing their skills, from golf to basketball and soccer, in an immersive and realistic environment. The intimate screening room presents a theater setting for enjoying favorite films and shows, bringing family and friends together for a comfortable and convenient viewing experience.

An exclusive collection of Tower Suites is also available, presenting a unique opportunity for owners to purchase additional space within the building to suit their desires and needs, whether it's realizing an artist's dream of having a personal art studio just steps away, creating a top-tier play area for families, or establishing a home office separate from the primary residence.

Residents can enjoy three pools, abundant open spaces, and floating-like pavilions at an expansive lagoon that visually flows into Estero Bay. Pool-side cabanas, available for purchase, optimize convenience and luxury. Bocce courts, multiple fire pits and barbeque stations provide abundant activities that promote group gatherings, while enchanting gardens by landscape architect EDSA foster tranquility.

The Ritz-Carlton Residences, Estero Bay are 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. A short walk leads to the 72-slip Saltleaf Marina, which broke ground last spring, and Saltleaf Golf Preserve, a reimagined 18-hole championship course, designed by four-time major champion and World Golf Hall of Famer Raymond Floyd, and a brand new nine-hole short course, now open for play.



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