Monaco Condo/Hotel Resort & Spa
2745 First Street
Fort Myers, Florida

Click for a Yahoo! map      Click for an area map

UNITS ARE RESERVING FAST!

The Monaco Resort and Spa in Ft. Myers, Florida is a 25 story condo/hotel with 300 hotel/condo units and 70 residence units. Each unit is unique in their own right with 8 different floor plans to choose from. Following their hugely successful Phase I sellout in June, Phase II release of Monaco Resort & Spa is underway.

Designed to cater to the most discriminating buyer, Monaco is located along the Intra-coastal Waterway just minutes from downtown Ft. Myers. Monaco Resort & Spa combines the finest in upscale living with the luxury and convenience of condominium hotel services. Monaco Resort & Spa is located on the corner of First Street and Park Avenue immediately south of the Edison Bridge.

INVESTMENT HIGHLIGHTS

• Prime location in downtown Fort Myers, Florida.

• Second highest appreciating market in the country (OFHEO MSA)

• 33.16% annual appreciation. (OFHEO - MSA 3rd Quarter)

• Over $100,000 IN EQUITY anticipated by completion.

• Several price increases are forthcoming.

• Purchase agreements may be fully assignable.

• Closing November 2007 (approx).

• Assignable after 12 months (with developer approval).

• Your deposit is 100% refundable prior to going 'hard' on your contract.

MARKET RESEARCH

Based on the results of their marketing research, they believe the Monaco Resort and Spa has the potential to be an enormously successful project.  In summary, they base their conclusions in part on the following key elements:

• TIMING: With other markets leveling out (CA and NV), the Florida market remains constant with the potential for a moderate increase of the appreciation in the housing market. In fact, the city of Ft. Myers, FL is the 2nd fastest appreciating market in the U.S.

• REAL ESTATE APPRECIATION: According to the Office of Federal Housing Enterprise Oversight (OFHEO), Ft. Myers, FL was the 2nd fastest appreciating city with an appreciation rate of 33.16%.

• PRICE POINTS: Prices range from $290’s to $780’s with developer guaranteed price increases between phases.

• LOCATION: Located in the downtown historic district of Ft. Myers. Only 20 minutes from SW Florida International Airport and just 10 minutes from Interstate 75.

• POPULATION: The County's population has doubled from 205,266 people in 1980 to 426,500 people in 2000. The unincorporated county population is 270,859. By the year 2010, the county's population is projected to be 514,500.

Fort Myers (Lee County)

• Expansion magazine named Lee County a four-star community in its annual quality of life scorecard for 2003.

• Money magazine ranked Fort Myer-Cape Coral as one of the “Best Places to Live in America”.

• Self magazine ranked the Fort Myers-Cape Coral metropolitan area “No. 1 in the nation for working women.” (2003)

• Forbes magazine ranked the Fort Myers-Cape Coral metro area 37th among the top 200 best metro areas for business and careers.

• According to the National Golf Foundation, Fort Myers ranks fifth in the nation for the golfer-to-holes ratios.

• There are more than 60 golf courses throughout the County of which 7 are open to the public.

• The Boston Red Sox spring training stadium is within walking distance of most downtown offices and the Minnesota Twins train in south Lee County.

• Lee County experienced a 19% increase in population growth over the past five years.

• Nearly 10 million people live within a 150-mile radius of Fort Myers.

• According to the US Census, Lee County is among the 100 Fastest Growing Counties in the nation.

• Demographics Daily listed Fort Myers-Cape Coral a 5-star community for job growth, population growth and small business growth.

AMENITIES & FEATURES

Fort Myers' newest and most desirable address has all the posh amenities of the finest hotels, including:

• Granite countertops

• Fabulous pool overlooking the Caloosahatchee River

• Full-service spa

• Gourmet dining

• Concierge and valet services

• Business meeting spaces

The Spa will offer a yoga and aerobics studio, the latest cardio and strength training equipment, private treatment rooms for massage and body treatments, and a hair and nail salon. There will be a chic lobby bar, high-end restaurant with a private dining room, and an outdoor dining, grill and bar area.

Three hundred hotel units will be offered. Buyers can purchase a maximum of two units, either two residences, two hotel suites, or one of each.

A complete furnishings package, right down to bar and tableware, will be available for each specific unit, created especially for Monaco Resort & Spa by Daroff Design, Inc. To be eligible for the hotel rental program, this package must be used. The price of this package is included in the sale price of the unit.  If you choose not to be in the hotel rental program, you'll receive credit back for the package.

Community Features

• Prolifically rising tower with sate-of-the-art "Monaco-modern" design. A design rich with Mediterranean influences combined with modern amenities.

• Lush tropical landscaping enhancing the natural beauty of the waterway and downtown Fort Myers.

• 340 feet of riverfront with beach, walkway, and pier.

• Fine Dining including full service restaurant featuring a display kitchen with both indoor and outdoor seating, private dining room, private patio w/ gas grilles and full meeting and banquet facilities.

• Full bars with accommodations for lounge and sun deck.

• Luxurious pool facilities with surrounding sun deck, fountains, and outdoor Jacuzzi.

• Pool side towel and mat service.

• Full service 24-hour valet accommodations for both residences and hotel guests.

• Magnificent two-story full service spa facility including state-of-the-art fitness machines, sauna, massage rooms, aerobics, spinning, yoga, stretching, cardio, wet treatments, co-ed spa, salon services, steam rooms, lockers, and lounge.

• 5,800 square feet of elegantly furnished meeting and entertainment rooms for business, private, or association activities and grand reception hall.

• 24-hour security with closed circuit television system, proximity controlled security access, and residences will have secured accesses through private elevators.

• Access to over 35 local marina facilities along the Intracoastal waterway in Fort Myers, Cape Coral, Sanibel Island and Captiva Island.

Area Features

• Shopping conveniently located in surrounding downtown Fort Myers and just minutes away from Edison Mall and Bell Tower Shoppes.

• World-class dining to cater to every taste.

• Conveniently located near Fort Myers International Airport.

• Just minutes from the Thomas Edison and Henry Ford Estates.

• World-class golf courses.

• Local Key West marine shuttle service.

• Grapefruit League (Spring Training) Major League Baseball is minutes away - see your favorite MLB team every spring.

THE INVESTMENT

By investing early in the preconstruction phase, you have the ability to buy the units at a substantial discount off the market price. That means buying substantially below market value.

To reserve a unit, a signed reservation agreement is required with a check or wire transfer for $17,000. Reservation deposits will be held in escrow and applied to principal.  Reservation agreements can be faxed to us at (866) 611-3060 for a temporary hold but we must receive your reservation deposit within 48 hours.

Your reservation deposit is 100% refundable at anytime until you go "hard" on the contract. A 10% deposit less your initial reservation deposit is required with the purchase contract.  The final 10% deposit is required when they break ground on the project in February/March 2006.

In 2006 you will get a chance to review the Purchase Contract, CC&R's, Public Offering Statement, etc and at that time if upon a thorough review of everything you decide to move forward you will be required to put up the balance of the initial deposit to go "hard" on your purchase contract.  Otherwise you will receive a full refund of your reservation deposit.

	FLOOR PLANS and RENDERINGS
		Click to open PDF images.
	From $330,000	From $450,000	From $465,000
	From $475,000	From $675,000
	Artist's Renderings	Ground Floor Layout	Sample Show Suite
	(570 kB)	(77 kB)	(1.2 MB)

NOTE: Availability is limited. Reservations are on a 'First Come, First Served' basis.
Only agreements with deposits received will guarantee your reservation.
Mortgage brokers and realtors can be provided for you upon request.
 

Call Us Today!
(800) 611-3060
(949) 218-6668