2026-10-08 · 6 min read · Estero
Estero Reports About 2,900 New Homes in Process in Its Annual Development Update to Village Council
What Did Estero Village Council Hear on October 7?
Once a year the Village of Estero takes stock of everything being built inside its limits, and Wednesday was that day. At the October 7, 2026 Village Council workshop, Community Development Director Mary Gibbs gave the annual status update on development projects: what has recently been finished, what is under construction, what has stalled, and what is still only proposed. The Village published its summary of the meeting the same day.
The headline figure, in the Village's own summary, is that the projects in process include about 2,900 new residential units, two hotels, a 23-story luxury high-rise, roughly 300,000 square feet of commercial space, a lifestyle center, an entertainment and sports park, and an assisted living and continuing care facility.
It was a workshop, so nothing was voted on. That makes it the most useful kind of meeting for anyone deciding where to buy, because it is a plain inventory rather than a fight over one project. I read through the presentation the Village posted with the meeting, and this is what it says about homes in Estero.
Which New Home Communities Are Under Construction in Estero?
The presentation lists these residential projects as under construction:
- Lumio Estero, at Corkscrew Road and Via Coconut: a 20-acre site planned as a 330-unit luxury community with a main street commercial area, a one-acre public park, a dog park and a fishing pier on the lake.
- Downtown Estero, at US 41 and Broadway: infrastructure is under construction for 310 residential units, with a future commercial parcel on US 41.
- Woodfield, at US 41 and Coconut Road: a 46-acre mixed-use development with 596 residential units, a hotel, offices, shops, dining and a central green. I covered this one when construction began across from Coconut Point.
- West Bay, at the end of Williams Road: a 23-story luxury waterfront condominium high-rise.
- Coconut Pointe Residences, on a 5.3-acre site at Coconut Road and Three Oaks Parkway, the former Winn-Dixie site: four stories, 137 luxury multi-family units.
- Summercrest by Toll Brothers, on Corkscrew Road: a 20-acre townhome community with a public plaza, where the model homes are open.
- Broadway Crossing, on Broadway east and west of Sandy Lane: 17 single-family lots by Lennar.
The West Bay tower is the one buyers ask me about most. It is the Island at West Bay Club, the condominium tower rising on the Estero Bay shoreline inside West Bay Club. Summercrest is the Toll Brothers townhome community on the northeast corner of Corkscrew Road and Sandy Lane.
What Has Estero Recently Finished, and What Has Stalled?
On the finished side, the presentation shows RiverCreek on East Corkscrew Road with its last certificate of occupancy issued in June 2026, which matches what I see on the ground: it is an established, built-out community now rather than one still selling new. Estero Crossings, a 43-acre mixed-use project on Corkscrew Road with more than 300 multi-family units, commercial space and a walkable plaza, is also shown in the recently completed group.
Not everything that was approved is being built. The presentation's group of projects not moving forward includes the final phase of Genova at Corkscrew Road and Via Coconut, 31 townhomes and villas whose zoning amendment and development order were both approved, along with two hotels at Coconut Point. An approval is permission to build, not a promise that anyone will.
What Is Proposed but Not Yet Approved?
Two proposed projects would add a meaningful number of rental homes if they go ahead:
- Coconut Point Waypoint Residential: demolishing the Coconut Point movie theater and replacing it with a 355-unit apartment complex.
- TRG Estero: a request to rezone 31 acres at the southwest corner of Estero Parkway and Three Oaks Parkway to allow 370 multi-family units and commercial space.
Both are proposals. Each still has to work through the Village's review, and the Planning, Zoning and Design Board and Council can change or deny them. If either one sits near a home you own or are looking at, this is the stage where public comment matters.
What Neighborhood Utility Work Is Coming?
The same workshop included a legislative update from the Village's state lobbyists. According to the Village, three Estero requests will be funded in the 2026 to 2027 state budget year:
- Phase 2 of the Sunny Grove wastewater extension project
- An extension of the Estero Parkway water reuse main
- Improvements to Williams Road and Atlantic Gulf Drive
For owners in the areas those projects reach, central sewer and better roads are the kind of change that matters more to daily life than any new building down the road. If you own on or near one of those streets, keep an eye on the Village's project updates for construction schedules.
Council also heard that S&P has reaffirmed the Village's AAA/stable bond rating, which the Village first earned in 2024, and reviewed a revised timetable for its planned bond issue, tied to the Village's purchase of the BERT property, Phase 2 of the SportsPark, and transportation and utility projects.
What Does This Mean for Buyers and Owners in Estero?
Nobody can honestly put a number on what any of this does to the value of a particular home, and I would be cautious of anyone who tells you otherwise. What the update does show is where the new homes are going and what kind they are.
Most of the new supply on this list is multi-family: apartments, condominiums and townhomes clustered along US 41, Coconut Road and the western end of Corkscrew Road. That is a different product from the gated single-family communities further east on the Corkscrew corridor, and a buyer weighing a new townhome against a resale home in an established community is really choosing between two different ways of living in the same village.
If you are shopping new, my Estero new construction guide covers which communities are selling now and what to check in a builder contract. If you are an owner near Coconut Point, US 41 or Corkscrew Road, the projects above are the ones that will change your traffic, your shopping and your view over the next few years, and it is worth knowing which of them are certain and which are still proposals.
The next Village Council meeting is Wednesday, October 28, 2026, at 9:30 a.m. at Village Hall. If you want to talk through how any of these projects bears on a home you own or are considering, here is how I work with buyers, or get in touch with me directly. I am Kris Asquith, and I cover Estero and eight other Southwest Florida markets.