The Ritz-Carlton Residences, Estero Bay is London Bay Development Group’s two-tower luxury condominium on Estero Bay at 5000 Coconut Road in Bonita Springs, just south of Estero. The South Tower opened in spring 2026, the North Tower topped out on September 26, 2026 and is scheduled to open in 2027, and total sales have passed $750 million. Here is what buyers need to know.
The Residences
- Developer: London Bay Development Group
- Design: architecture by Arquitectonica, interiors by Meyer Davis
- Layouts: two-, three- and four-bedroom residences of about 2,628 to 3,885 square feet
- Towers: 224 residences across two 22-story towers; the North Tower’s 112 residences were released after more than 90% of the South Tower sold
Amenities
- About 36,000 square feet of indoor amenity space across five acres
- Three cascading pools and a one-acre lagoon
- Wellness center, spa and salon, plus a wine and whiskey lounge
- A sports simulator and screening room in the North Tower
- Access to Saltleaf Marina, with 72 slips
- An 18-hole championship golf course
- A waterfront restaurant by chef Michael Mina
Timeline
| Milestone | Timing (as reported) |
|---|---|
| South Tower topped out | March 2025 |
| Construction financing secured | October 2025 |
| South Tower opened | Spring 2026 |
| North Tower topped out | September 26, 2026 |
| North Tower opening | Scheduled for 2027 |
How It Fits the Estero and Bonita Springs Market
The Ritz-Carlton Residences sit on the Estero Bay waterfront off Coconut Road, next to Saltleaf Marina and a few minutes from Coconut Point and US-41. It is one of the few branded, full-service luxury high-rises between Naples and Fort Myers, and it adds another high-end option for buyers who might otherwise look at Naples. For buyers who prefer a single-family home with a yard or pool, nearby gated communities such as Belle Lago and The Reserve at Estero are a short drive away. Browse all Bonita Springs homes for sale or Estero new construction.
Buying a Branded Luxury Condo: What to Check
A Ritz-Carlton name brings hotel-style service, but it also brings costs and rules that differ from an ordinary condo. Before you sign a pre-construction contract or make an offer on a resale, review these items with your agent and attorney:
- Monthly costs. Branded residences typically carry higher association dues to cover staffing, concierge, valet and amenity operations. Ask for the current budget and what the dues include.
- Reserves and inspections. Florida’s condo safety laws require structural integrity reserve studies and milestone inspections for condo buildings three or more stories tall. New towers are years away from their first milestone inspection, but buyers should still review the reserve schedule and how it is funded from turnover.
- Rental rules. Many luxury towers limit leasing, set minimum terms or restrict short-term rentals. If you may rent the residence, confirm the rules in writing.
- Insurance. Ask about the master policy, the hurricane deductible and what your HO-6 policy will need to cover.
- Deposits and timelines. For pre-construction units, understand the deposit schedule, how deposits are held under Florida law and what happens if construction is delayed.
The Estero Bay Location: What Is Nearby
The towers sit at 5000 Coconut Road on Estero Bay, part of the larger Saltleaf on Estero Bay community. Michael Mina’s Acqua Bistecca opened at Saltleaf in early 2026, giving residents a destination restaurant within walking distance. Coconut Point’s shopping and dining are about a mile away, and the beaches at Lovers Key State Park and Bonita Beach are a short drive. Southwest Florida International Airport is reachable via US-41 or I-75 in roughly half an hour depending on traffic. For more on the surrounding area, see our guides to Coconut Point and things to do in Estero.
How It Compares With Other Luxury Options Nearby
| Project | Location | What Stands Out |
|---|---|---|
| The Ritz-Carlton Residences, Estero Bay | Estero Bay, Coconut Road | Branded service, two 22-story towers, 224 residences |
| The Island at West Bay | West Bay Club, Estero | 24 stories, 86 residences priced from about $3 million at launch, first move-ins expected around mid-2027 |
| Positano Beach Club at Miromar Lakes | Miromar Lakes | Lakefront estates on a 700-acre private freshwater lake |
| Pelican Bay towers | North Naples | Established high-rises with private beach access |
Each option fits a different buyer. Branded towers appeal to buyers who want full service and lock-and-leave living; club communities like West Bay Club add golf and a private beach club; Miromar Lakes offers estate living on a freshwater lake.
Pre-Construction vs. Resale
With the South Tower open and the North Tower scheduled for 2027, buyers can now choose between a completed residence and one still under construction. Resales let you see the finished unit, view and building operations before buying, and close quickly. Pre-construction buyers may get first choice of floor plans and views but wait longer and tie up deposits. Either way, compare recent resale prices in the building with current developer pricing before deciding.
Questions to Ask Before You Buy
- What are the current monthly dues, and what exactly do they cover?
- How are reserves funded, and is any special assessment planned?
- What are the leasing rules and minimum rental terms?
- What is the master insurance policy’s hurricane deductible?
- Which units have direct bay views, and how do floor and orientation affect price?
- For pre-construction, what is the deposit schedule and estimated completion date?
- What recent resales have closed in the building, and at what price per square foot?
Working with your own agent costs nothing extra in most new-construction purchases and gives you an advocate when comparing floors, views and pricing. Sal can help you evaluate the Ritz-Carlton Residences alongside other luxury options in Estero, Bonita Springs and Naples.
If you own a residence and are thinking about selling, the same factors that drive purchase decisions, including view, floor, dues and rental rules, drive resale value. A clear listing that explains them helps buyers move quickly.
Pricing and the Ritz-Carlton Service Model
The Ritz-Carlton Residences, Estero Bay is priced “from the $3 millions,” according to developer London Bay Development Group’s website as of October 2026. Exact pricing depends on the tower, floor, view and floor plan, and London Bay does not publish a full price list online.
London Bay describes owner service as “The Experience Studio,” its tailored take on Ritz-Carlton hospitality. Ask the sales team which Experience Studio services are included and which are billed a la carte, so you can estimate spending beyond the base dues.
Use our SWFL mortgage calculator to model the payment on a jumbo loan, then add dues, insurance and taxes for a true monthly cost. If you are selling a home in Estero to buy here, start with a free Estero home value estimate.
Your Buyer Rights Under Florida Condo Law
Florida gives condo buyers a window to cancel after signing, and the length depends on whether you buy from the developer or from an owner. These rules are in section 718.503 of the Florida Statutes.
| Purchase type | Cancellation window | What starts the clock |
|---|---|---|
| Buying from the developer (pre-construction or unsold units) | 15 days | Signing the contract and receiving all required developer documents, such as the declaration, bylaws and budget |
| Developer contracts after Dec. 31, 2024 with milestone, turnover or reserve study disclosures | 15 days, excluding weekends and legal holidays | Receipt of all required items |
| Resale from an owner | 7 days, excluding weekends and legal holidays | Signing and receiving the governing documents, budget, financial statement and FAQ sheet |
In both cases the right ends at closing, and Florida law says any waiver of it has no effect. A buyer can also void a developer contract within 15 days of receiving an amendment that materially and adversely changes the offering.
How Pre-Construction Deposits Are Protected
For North Tower buyers, section 718.202 governs deposits on units that are not yet complete. The first 10 percent of the price must be held in escrow, or backed by a surety bond or letter of credit. Money above 10 percent goes into a special escrow account and can be used for construction only if construction has begun and your contract expressly allows it.
Ask the developer which of these structures your deposits fall under. Have a licensed Florida real estate attorney review the purchase agreement before you sign.
Florida Condo Law Changes Buyers Should Know
Florida’s 2025 condo reform, House Bill 913, changed how associations budget for reserves and share information with owners. Beyond the reserve study and milestone inspection rules covered above, these are the changes that matter most for a new 224-residence community.
- Budgets tied to the reserve study: reserve funding in the annual budget must line up with the most recent structural integrity reserve study, and owners can vote to waive recommended funding only in limited situations.
- Financial reports: the deadline to deliver the annual financial report to owners was extended to 180 days, and email delivery is allowed.
- Online records: associations with 25 or more units must post more documents on a website or app, so you should be able to review budgets and meeting records before and after you buy.
- Video meetings: board meetings may be held by video conference, but they must be recorded and owners must get links to the live meeting and the recording.
- Insurance: associations must carry property insurance based on replacement cost.
Compare these records with older towers you are considering, where milestone inspection results and special assessments may already be on file. Source: Withum summary of HB 913.
Homestead and Property Taxes for Full-Time Residents
If the residence will be your permanent home, you can apply for Florida’s homestead exemption through the Lee County Property Appraiser. You must hold title as of January 1, and the filing deadline is March 1 of the year you want the exemption.
According to the Lee County Property Appraiser, homestead exempts the first $25,000 of assessed value from all taxes, plus an additional exemption of up to $26,411 in 2026 on non-school taxes for assessed value above $50,000. The Save Our Homes cap then limits yearly increases in assessed value to 3 percent, starting the year after the exemption is granted.
Seasonal owners do not qualify for homestead, so second-home buyers should budget for taxes on the full assessed value. For tax planning, talk to a licensed CPA or tax professional.
More Questions About The Ritz-Carlton Residences, Estero Bay
How much does a residence cost?
London Bay lists residences as priced from the $3 millions as of October 2026. Pricing varies by tower, floor, view and size, so ask for current availability.
Can I cancel a contract after signing?
Florida law gives developer buyers 15 days and resale buyers 7 business days to cancel after signing and receiving the required documents. The right ends at closing.
Is my pre-construction deposit protected?
Under section 718.202 of the Florida Statutes, the first 10 percent must be held in escrow or bonded, and funds above 10 percent go into a special escrow account with limits on use. Confirm the details in your contract.
Can I get a homestead exemption on a condo here?
Yes, if it is your permanent residence and you own it on January 1. File with the Lee County Property Appraiser by March 1.
Comparing the towers with resales across Bonita Springs or lakefront estates at Miromar Lakes? Call or text Sal DiBenedetto, licensed real estate broker with The DiBe Group, brokered by eXp Realty, at 239-256-5005, or reach out here.
Frequently Asked Questions
Where is the Ritz-Carlton Residences, Estero Bay?
It is at 5000 Coconut Road in Bonita Springs, Florida, on Estero Bay, just south of Estero.
How many residences are at the Ritz-Carlton Residences, Estero Bay?
There are 224 residences across two 22-story towers.
When does the North Tower open?
The North Tower topped out on September 26, 2026 and is scheduled to open in 2027. The South Tower opened in spring 2026.
How big are the residences?
Reported layouts range from about 2,628 to 3,885 square feet, with two, three and four bedrooms.
Development plans, builders, prices and timelines come from the developers, local government and news reports as of September 2026 and can change. Confirm current details with the builder’s sales center before you buy.
Upcoming Southwest Florida developments series: Kingston · Corkscrew Grove Villages · Verdana Village 2026 update · Ritz-Carlton Residences, Estero Bay · Estero developments 2026–2027
Sources
- Florida YIMBY: North Tower tops out at The Ritz-Carlton Residences, Estero Bay
- Florida YIMBY: South Tower opens at 5000 Coconut Road
- Engage Estero: Greater Estero Community Report, September 2026
Considering a Waterfront Condo Near Estero?
We can compare the Ritz-Carlton Residences with other luxury condos and single-family options around Estero, Bonita Springs and Naples.
The DiBe Group, brokered by eXp Realty. Development details, pricing and timelines are set by the developers and can change. See our privacy policy.
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