The Ritz-Carlton Residences, Estero Bay Opens South Tower at 5000 Coconut Road In Bonita Springs

London Bay Development Group has announced the completion and delivery of the South Tower at The Ritz-Carlton Residences, Estero Bay, the first of two 22-story waterfront residential towers within the 500-acre Saltleaf master plan at 5000 Coconut Road in Bonita Springs. Designed by Arquitectonica with interiors by Meyer Davis, the development will span 224 condominium residences across both towers. The project had already surpassed $650 million in sales before construction began on the North Tower, which broke ground in May 2025 and is currently slated for delivery in 2027. Coastal Construction is serving as general contractor.

The South Tower’s opening marks the first residential delivery at Saltleaf on Estero Bay, which London Bay describes as the largest project in the company’s 35-year history. The broader coastal community also includes Saltleaf Golf Preserve, which opened in 2024, and a marina component planned alongside additional future residential and lifestyle offerings.

“This project has been the defining chapter of our story that combines years of vision, investment, and an unwavering belief in what Estero Bay could become,” said Mark Wilson, CEO and President of London Bay Development Group. “Watching our Owners walk through the doors for the first time, experiencing the views, the spaces, and the details we have so thoughtfully curated for them, will affirm everything this community was always meant to be. We are equally proud of what this moment signals for Estero Bay itself and the future we are only beginning to build.”

The towers, designed with cascading facades intended to respond to the site’s coastal setting, are set along nearly a mile of waterfront and overlook Estero Bay and the Gulf of Mexico beyond. According to project materials, residences range from 2,628 to 3,885 square feet and come in two-, three-, and four-bedroom layouts with dens. Pricing starts in the $3 million range, while the penthouse collection includes floor plans of up to 13,630 square feet.

Project materials describe the residential interiors as featuring private elevator lobbies, large terraces, European-inspired cabinetry, Sub-Zero and Wolf appliances, spa-style primary bathrooms, and private storage. The amenity package spans five acres and includes multiple pools, a lagoon, wellness and spa spaces, dining and lounge areas, and concierge-style services through an on-site Experience Studio.

“This milestone reflects the strong collaboration of many individuals, including the construction teams, whose craftsmanship and attention to detail are evident throughout the property, as well as the city and broader community, whose support has been instrumental along the way. At the heart of this property is The Ritz-Carlton’s philosophy of Ladies and Gentlemen serving Ladies and Gentlemen. It is that spirit, which is intentional, thoughtful, and present in every interaction with our owners, that transforms a residence into a home. We are proud to be part of this journey and to work alongside such an exceptional team to bring it to life.” said Alicia Koenig, Vice President of Residential Operations at Marriott International.

Momentum across the surrounding Saltleaf property has continued in parallel with the tower’s completion. Acqua Bistecca, the waterfront restaurant by Chef Michael Mina, opened this year, while the Saltleaf Marina is planned with 72 slips adjacent to The Ritz-Carlton Residences. London Bay and Saltleaf project materials also indicate that additional Ritz-Carlton-branded residential components remain in the pipeline beyond the first two towers. 

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