If you stay at South Seas, you’re likely to spend the majority of your time at the north end. South Seas Island Resort Amenities South Seas Island Resort Trolly If you book a unit through a private owner or sites like Royal Shell Captiva, you won’t be able to use these amenities. These include the trolley, restaurants, bars and pools. When booking your stay directly through the resort, you’ll have access to all the amenities. But you’ll want to be careful when you book some units include full resort amenities with your reservation and others don’t. Each unit is available to rent directly through the resort or private owner (via third-party websites). Villas, condos, cottages and even homes are featured throughout the property, brimming with greenery. This expansive resort takes up the northern half of Captiva Island. Spanning more than two miles,South Seas Island Resort is considered the premiere resort on the island. I want to make sure that this is one of the top resorts in the United States.Let’s talk about South Seas Island Resort. I wanted to come down here and meet the team. “We’re providing six months of assistance for the transition to off-island housing. “There are 140 units, and a third of them have been condemned for 10 years at least,” Spencer said. The new ownership group eventually will tear down and redevelop the existing workforce housing. Ronto Group is a Naples-based real estate development company. Wheelock owns Chateau Elan Winery and Resort, just outside of Atlanta, and the 265-room, all-suite, AAA Four Diamond Hotel Contessa on the Riverwalk in San Antonio. Timbers owns 16 resorts around the world and also owns master-planned communities in the Virgin Islands, Italy, Hawaii and now Captiva. “Everybody had different ideas about what South Seas should be. “There were 19 different groups that came in,” said South Seas general manager Shawn Farrell, who has been on the job for 11 years and will be retained. The workforce also projects to grow, he said, by about 20% from the current number of about 220 employees. Over the next six months, the remaining workforce that has been living on the property will be relocated to off-island housing, Spencer said. 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. South Seas Island Resort, which is on the northern tip of Captiva Island, has sold for $50.38 million.
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