Sell Your Iona or McGregor Boulevard Property for Cash, As-Is
Riverfront homes, golf and yacht-club condos, Punta Rassa towers and older canal houses along the royal-palm corridor: Libera Capital Group makes direct cash offers and closes on your schedule.
- No agent commissions
- Surge-damaged homes OK
- Close in as little as 7–14 days
- Condos, homes & commercial
Get Your Cash Offer
No obligation. No fees. No repairs. Tell us about the property and we'll follow up with a cash offer.
Watch: We Buy Hurricane-Damaged Homes in McGregor
McGregor and Iona homeowners: see how we buy storm-damaged houses near the river and the Gulf in their current condition.
McGregor Boulevard is Fort Myers’ signature road: a royal-palm-lined route that follows the south bank of the Caloosahatchee River for roughly 14 miles from the Five Points area downtown to the foot of the Sanibel Causeway at Punta Rassa. Its southwestern half runs through two unincorporated census-designated places, McGregor and Iona, before reaching Punta Rassa at the edge of San Carlos Bay. This is where Fort Myers meets the water: river-view condos, deep-water canal homes with quick Gulf access, golf and yacht-club communities, and a large share of seasonal and retired owners.
It is also the part of Lee County that took some of the heaviest storm surge in Hurricane Ian. Years later, many owners here are still weighing whether to rebuild, elevate, sell or simply stop paying insurance and association costs on a property they rarely use. This page focuses on the corridor itself and the issues specific to it. For the wider inland area along US-41 and Summerlin Road, see our South Fort Myers page; for the historic city end of the boulevard, see Downtown Fort Myers.
What Iona and McGregor Owners Get From a Direct Sale
Post-Ian homes, any stage
Gutted to the studs, half-rebuilt or repaired once and damaged again: we buy at whatever stage your home is in and take on the remaining work.
Condo assessments handled
High-rise and mid-rise associations here face milestone inspections, reserve rules and insurance increases. We buy units with assessments pending or levied.
Built for seasonal owners
If you spend most of the year up north, we can do a remote walkthrough, coordinate gate and building access and close by mail.
Honest comparison
We put a firm number in writing and explain it. If an updated, high-elevation home would net more on the market, we will tell you.
The McGregor Boulevard Corridor: Royal Palms, Cattle Drives and a River View
Before it was a boulevard, this route was a cattle trail called Riverside Avenue. In the late 1800s ranchers drove herds from the Fort Myers area to Punta Rassa, where cattle were loaded onto ships bound for Cuba. The road was renamed for Ambrose McGregor, a Standard Oil executive whose winter home stood beside Thomas Edison’s estate. After his death, his widow, known as Tootie, and her second husband offered funds to pave the road on the condition that it carry the McGregor name. Paving was completed in 1915.
Edison paid for royal palms to be planted along the boulevard beginning in 1907, and later plantings extended them for miles. The palms helped give Fort Myers its “City of Palms” nickname and remain a defining feature of the corridor. Near downtown the boulevard passes the Edison and Ford Winter Estates and the Fort Myers Country Club, and farther southwest it passes the communities of Whiskey Creek, McGregor and Iona before reaching the San Carlos Bay mudflats and the Sanibel Causeway.
City or county along the boulevard?
The northern end of McGregor Boulevard lies within the City of Fort Myers. Most of the southwestern stretch, including the McGregor and Iona census-designated places and Punta Rassa, is unincorporated Lee County. That determines which office handles permits, flood-damage determinations and code issues for your home. Your record on the Lee County Property Appraiser site shows the taxing district and jurisdiction; we always check it before making an offer.
McGregor: Riverfront Living Between Whiskey Creek and Iona
The McGregor census-designated place is a compact area of roughly four square miles, close to half of it water. It is bordered by Whiskey Creek to the east, Cypress Lake to the southeast, Iona to the southwest and the tidal Caloosahatchee River to the northwest. The Cape Coral Bridge leaves McGregor Boulevard here and crosses the river into Cape Coral, so the area is one of the best-connected waterfront locations in the county.
What you find in McGregor
- River and canal homes. Homes on the Caloosahatchee and on canals off it, many built from the 1950s through the 1980s, with docks and seawalls and direct access to the river and the Gulf.
- Golf and club neighborhoods. Established golf communities and gated enclaves with villas and single-family homes, often with association dues and architectural rules.
- Mid-rise and low-rise condos. River-view buildings and garden-style complexes popular with seasonal owners.
McGregor’s housing is generally a little younger and more mixed in age than Iona’s, but many owners have held their homes for decades. Typical reasons they call us: an aging seawall, a home that sits low compared with today’s flood elevations, an insurance renewal they cannot afford, or an estate that heirs do not want to manage from out of state. If your neighborhood is closer to Cypress Lake Drive or the Whiskey Creek canals, see our Cypress Lake and Whiskey Creek page.
Iona: Canals, Yacht Clubs and Golf Between the River and Summerlin Road
Iona is a larger census-designated place of about ten square miles, roughly a third of it water, mainly the Caloosahatchee estuary. Its boundaries run from the river on the north to Summerlin Road on the south, with Punta Rassa to the west, Harlem Heights to the east and McGregor to the northeast. McGregor Boulevard crosses it diagonally. Census figures show Iona’s population skews strongly toward retirees and that a large share of its housing units are vacant at census time, a reflection of how many homes and condos are seasonal residences.
Communities we buy in
Iona includes yacht and golf communities such as Gulf Harbour Yacht & Country Club and Kelly Greens Golf & Country Club, along with neighborhoods and condo associations such as Catalpa Cove, Cinnamon Cove, Davis Woods and Colonial Shores, and many smaller subdivisions off Kelly Road, Davis Road and the side streets of McGregor Boulevard. Housing ranges from mid-rise condos and coach homes to canal-front single-family homes with boat lifts. Older single-family homes on canals often sit lower than newer construction, which matters for both flood insurance and the substantial-damage rule.
Why Iona sales stall
- Elevation and insurance. A buyer financing an older canal home must carry flood insurance, and premiums on a low, pre-flood-map home can be steep.
- Association approvals. Gated and club communities may require buyer applications, interviews or capital contributions, adding time.
- Repair history. Buyers and lenders scrutinize post-Ian work: was it permitted, was the 50% threshold triggered, are there open permits?
- Seasonal vacancy. Homes left empty part of the year can develop leaks, mold or AC failures that surface at inspection.
We buy through all of these. See our guides on selling in a flood zone and roof and insurance problems.
Punta Rassa and the Causeway End of the Boulevard
Punta Rassa sits at the tip of the peninsula where the Caloosahatchee meets San Carlos Bay, at the mainland end of the Sanibel Causeway. Its history runs deep: an army depot during the Seminole Wars, a Civil War outpost, the landing point of an undersea telegraph cable to Cuba in 1867, and, in the late 1800s, a busy cattle port where cattleman Jake Summerlin kept pens and a wharf. Wealthy sport fishermen came for tarpon in the 1880s. Today Punta Rassa is mostly condominium towers, waterfront residences and a retirement-oriented population, with marinas and the causeway approach nearby.
Owners here face a specific set of issues: high-rise condo associations working through Florida’s milestone inspection and structural reserve requirements, wind and flood insurance costs for exposed buildings, and in some cases ground-level units or garages damaged by surge. Hurricane Ian also damaged the Sanibel Causeway in 2022, temporarily cutting the island off and disrupting the local market. If you own on the islands, see our Sanibel page.
Hurricane Ian, the 2022 Iona Tornado and 2024 Flooding
Ian’s surge along the corridor
Hurricane Ian made landfall on September 28, 2022 near Cayo Costa in Lee County and drove catastrophic surge into San Carlos Bay and up the Caloosahatchee. Iona and Punta Rassa, low and surrounded by water, were among the hardest-hit mainland areas, with many homes flooded on the ground floor and some destroyed. Garages, ground-level condo units, pools, docks, seawalls and boat lifts all took damage. Many owners are still dealing with the aftermath: rebuilding decisions, insurance disputes and Lee County substantial-damage determinations.
A tornado before the hurricane
Earlier that year, on January 16, 2022, a strong EF2 tornado struck Iona, causing major damage to homes and injuring three people. Some properties were hit by both events within the same year, which can make repair histories and insurance records complicated for a buyer to untangle.
Lingering flooding after Helene
In late September 2024, Hurricane Helene passed offshore. Residents in parts of Iona, including neighborhoods off McGregor Boulevard and Summerlin Road, reported standing water that lingered long after the storm and blamed limited stormwater drainage. Bunche Beach, a county preserve on San Carlos Bay, was closed for cleanup. Hurricane Milton followed in October 2024 with more wind and rain.
For a seller, the lesson is that both surge and rainfall flooding are part of the picture here, and buyers know it. Our pages on hurricane and flood damage and Helene and Milton damage explain how we buy in these situations.
The 50% rule in unincorporated Lee County
For buildings in special flood hazard areas, Lee County applies FEMA’s substantial-damage and substantial-improvement rule. If repairs reach 50% or more of the structure’s market value, the building generally must be brought into compliance with current flood standards, which often means elevating or demolishing and rebuilding. Many Iona owners who received such a determination decided to sell as-is rather than take on an elevation project. We buy homes in that situation, and the decision about how to rebuild becomes ours.
Condos, HOAs and Club Communities Along the Corridor
A large share of Iona, McGregor and Punta Rassa housing is in associations: high-rise and mid-rise condos, coach-home and villa complexes, and gated golf or yacht communities. After the 2021 Surfside collapse, Florida law began requiring milestone structural inspections for condo buildings three stories and taller, structural integrity reserve studies, and full funding of certain reserves. Combined with higher insurance premiums and post-Ian repairs, that has led many local associations to raise dues sharply or levy special assessments.
How we buy association property
- We request the estoppel certificate to confirm dues, assessments, balances and transfer fees.
- We review recent milestone or reserve study results and any approved repair projects.
- We handle the association’s buyer application or approval process.
- We structure the offer so an existing assessment is either paid at closing or reflected in the price, leaving you with no future obligation.
Read more on our condo special assessments page and our condos and townhomes page.
Canal homes and seawalls
Many canal homes along the corridor have seawalls and docks that were damaged by Ian’s surge or are simply reaching the end of their service life. A cracked cap, leaning panels or sinkholes behind the wall are expensive to address and slow a financed sale. Our seawall failure guide covers how we price these repairs.
Commercial Property Along McGregor, Summerlin and San Carlos
Commercial property on this side of Fort Myers is concentrated near major intersections and the water: neighborhood shopping plazas, restaurants, professional and medical offices, marinas, boat storage and marine-service businesses, and small mixed-use buildings toward San Carlos Boulevard and the route to Fort Myers Beach. Some suffered surge damage in 2022 and lost tenants; others face roof, parking-lot or code upgrades. We review improved commercial property of all kinds and can consider buying with tenants in place, a sale-leaseback, or a closing timed for your 1031 exchange. See our commercial property page, and if a straight cash price does not meet your goals, ask about creative financing.
Iona and McGregor: Cash Sale vs. Listing Costs
| Consideration | Cash sale to Libera Capital Group | Listing with an agent |
|---|---|---|
| Commissions | None | Often 5–6% of the sale price, negotiable |
| Storm repairs and elevation | Not required; we buy as-is | Buyers and lenders often want repairs completed and permitted |
| Flood and wind insurance | Not a contingency | High premiums can scare off or disqualify buyers |
| Association assessments | Handled at closing or in price | Buyers often ask for credits or walk away |
| Closing costs | We pay normal closing costs | Seller typically pays doc stamps ($0.70 per $100), title policy and fees |
| Carrying costs | End at closing | Dues, insurance, taxes and utilities continue during marketing |
| Timeline | About 7–14 days with clear title, or your preferred date | Varies by season, building and condition |
A renovated, elevated home or an updated condo in a well-funded association may bring more on the open market, especially in season. Our offer is usually the better fit when storm damage, elevation requirements, assessments or timing would cut into that advantage. Compare the options in our cash offer vs. listing guide.
How Selling to Libera Capital Group Works
- Send the details. Address, property type, association name if any, storm history and your timeline.
- Walkthrough. In person or by video. We coordinate gate, building and unit access.
- Written cash offer. Usually within 24–48 hours, with the main factors explained.
- Close with a Florida title company. Sign locally or remotely; we work around your seasonal schedule.
Details are on our how it works page.
What We Buy and Situations We Help With
Property types: canal and riverfront homes, condos and coach homes, villas, golf-community homes, small multifamily, manufactured homes and improved commercial buildings.
Situations: surge and flood damage, substantial-damage determinations, condo assessments, failing seawalls, inherited and estate property, insurance non-renewal, foreclosure, divorce, relocation and vacant seasonal homes.
Nearby Areas We Serve
- South Fort Myers
- Cypress Lake & Whiskey Creek
- Downtown Fort Myers
- Fort Myers Beach
- Sanibel
- Cape Coral
- All of Lee County
- Southwest Florida
Key takeaways
- Most of McGregor Boulevard’s southwestern stretch, including Iona, McGregor and Punta Rassa, is unincorporated Lee County; the northern end is in the City of Fort Myers.
- Iona and Punta Rassa took severe surge in Hurricane Ian; drainage flooding after Helene in 2024 added to the problems.
- Condo and club-community owners face milestone inspections, reserve rules, insurance increases and assessments; we buy with all of them.
- Low canal homes may fall under the 50% substantial-damage rule; selling as-is avoids an elevation project.
- Written offer typically in 24–48 hours, no commission, closing on a date that fits your season.
Half-Finished Canal Homes in Iona and McGregor: A Cash Sale Option
The Iona and McGregor area, stretching from McGregor Boulevard toward Punta Rassa and the Sanibel Causeway, has hundreds of canal and bayside homes that flooded during Ian. Many owners began elevating, rebuilding or tearing down and starting fresh, and a meaningful number of those jobs are still unfinished: new homes on stem walls without windows, older houses stripped to the studs, and additions that stalled when contractors were stretched thin. This area is unincorporated, so the Lee County Department of Community Development handles permits, substantial-damage letters and inspections, and county code enforcement follows up on open structures and overgrown lots.
We buy Iona and McGregor properties that are a shell only, houses with expired or inactive permits, sites with code violations or mowing liens, and projects abandoned by a builder that closed, a general contractor whose license was suspended, or a GC who ran out of money. A lis pendens from a construction lender or subcontractor can be settled at closing. Read our guide to selling unfinished and half-built homes.
Who Buys Houses in Iona?
Libera Capital Group is one of several buyer types sellers in Iona, McGregor and Punta Rassa can compare. Local cash buyers like us purchase as-is and close on your timeline. National “we buy houses” franchises and iBuyers are active in Lee County, though many avoid homes with recent surge damage. Investors and boaters look for canal homes and condos to repair or rent, and retail buyers working through an agent usually pay the most for elevated, updated properties.
This low-lying stretch near San Carlos Bay took heavy surge during Ian, so sellers often face gutted ground floors, the FEMA 50 percent rule, rising flood insurance, condo assessments and seawall or dock repairs. As a Southwest Florida buyer with an office in Fort Myers, minutes from these neighborhoods, we know the area well and can make one as-is offer without requiring repairs first.
Frequently Asked Questions about Selling Along Iona and McGregor
Who buys houses in Iona, FL?
Libera Capital Group buys houses in Iona for cash, plus the McGregor corridor and Punta Rassa, from the Cape Coral Bridge to the Sanibel Causeway. We buy homes, condos, villas and commercial property in any condition, including flood damage from Ian, and typically send a written offer within 24–48 hours. Call (239) 686-0823 or use the form. Listing with an agent or comparing offers is also a fair option — see our cash offer vs. listing guide.
Is my McGregor Boulevard address in the City of Fort Myers or Lee County?
It depends on where along the boulevard you are. The northern end near downtown is within the City of Fort Myers, while the McGregor and Iona areas and Punta Rassa farther southwest are unincorporated Lee County. Your property appraiser record shows the jurisdiction, which determines who handles permits and flood-damage reviews.
Lee County says my Iona canal home is substantially damaged. Will you buy it?
Yes. A substantial-damage determination usually means the home must be elevated or rebuilt to current flood standards before it can be fully repaired. We buy homes with that determination as-is, so the rebuilding decision and cost become ours. Talk with your insurer about any Increased Cost of Compliance coverage before closing.
Can you buy my Punta Rassa condo while the building is doing structural repairs?
Yes. We regularly buy units in buildings with milestone inspections underway, repair projects approved or special assessments levied. We review the estoppel and association records, then make an offer that accounts for the assessment so you can leave with no further obligation.
My home in Gulf Harbour or Kelly Greens requires association approval. Is that a problem?
No. Many gated and club communities require buyer applications or approvals and may charge transfer or capital contribution fees. We complete the application, account for fees in our offer and schedule closing around the association’s timeline.
Do you buy homes that were hit by both the 2022 tornado and Hurricane Ian?
Yes. Layered damage and complicated repair histories are common in Iona. We do not need complete insurance files or permit records to make an offer, though anything you have helps. We price the property as it stands today.
My street floods after heavy rain even without a hurricane. Can I still sell?
Yes. Rainfall flooding and slow drainage are known issues in parts of Iona. They can make financed buyers and insurers cautious, but they do not stop us from buying. We account for flood exposure in the offer instead of renegotiating after an inspection.
Will you buy a riverfront home with a damaged dock or boat lift?
Yes. We buy waterfront homes with damaged docks, lifts and seawalls and factor the repairs into our price. You do not have to obtain marine contractor bids or permits before selling.
Do you act as my real estate agent?
No. Our principals are licensed real estate brokers, but when Libera Capital Group buys a property we act only as a principal purchasing for our own account and do not represent any party in the transaction. You are welcome to have your own agent or attorney review the contract.
I live out of state. Can I sell my Iona condo without traveling?
Yes. We can do a video walkthrough or arrange access through your association, property manager or a neighbor. The title company sends documents for you to sign with a local notary, and proceeds are wired to you after closing.
How quickly can you close on a home near the Sanibel Causeway?
With clear title we can often close in roughly 7 to 14 days. Association approvals, estates or liens can add time. If you would rather close after season or after moving, we can set a later date.
How much will a cash buyer pay for my house in Iona or McGregor?
We start from what comparable renovated homes along the corridor have sold for, then subtract repairs, holding costs, closing costs and a risk margin. In Iona and McGregor the number turns on Ian surge or tornado damage, flood elevation, the 50% rule, seawall and dock condition, roof age and any condo or club assessment. You receive the full calculation in writing.
Can I sell my McGregor Boulevard home if my insurer won’t renew the policy?
Yes. Because we pay cash, we do not need a lender, so a cancelled or non-renewed policy does not block the sale. Older homes along McGregor often face roof-age or wind-mitigation problems at renewal. We price in the work needed to make the home insurable again and can close quickly to limit the time you carry it uninsured.
Can I sell an inherited home in Iona or McGregor that is going through probate?
Usually yes, once the court gives the personal representative authority to sell. We buy the home as-is, contents included, and time the closing around the probate schedule. Out-of-state heirs can sign remotely through the title company. A Florida probate attorney should confirm whether formal or summary administration applies to your estate.
Is it better to sell to a cash buyer or list with an agent in Iona?
Listing can bring more for a renovated, elevated or undamaged home. If the property still shows Ian damage, has a substantial-damage determination or sits in a building facing major repairs, many financed buyers cannot proceed, and a cash sale can net close to a listing with far less risk. We will show you both estimated outcomes before you choose.
What does it cost to sell a house in Iona or McGregor?
When you sell to us, there is no commission and we pay normal closing costs, so your payoff, prorated taxes and any association balances are usually the only deductions. A listed sale often adds 5–6% in commissions, Florida doc stamps, title insurance, repair credits after inspection and months of insurance and carrying costs. Your title company or a Florida CPA can confirm the exact figures.
Do you buy unfinished canal homes in Iona that need seawall work too?
Yes, we buy unfinished Iona canal homes even when the seawall or dock also needs repair. We price the house, the seawall and any dock permits together in one written cash offer, so you are not juggling several contractors. Lee County and state rules may apply to waterfront work, and we handle those approvals ourselves after closing.
Can I sell my McGregor-area house if the demolition is done but the rebuild isn’t?
If a foundation or structure for the new home is in place, yes, we can buy your McGregor-area property. We review the Lee County permit, inspections passed and the plans, then make an offer. If the old house was demolished and nothing new was started, it is a vacant lot, and our land division at SWFLLand.com handles that kind of sale.
Get Your Iona or McGregor Cash Offer
Canal home, riverfront condo, club-community villa or commercial building, in any condition. Get a written offer, usually within 24–48 hours. Call (239) 686-0823 or email acquisitions@liberacg.com. Office: 10012 Gulf Center Dr, Suite 5253, Fort Myers, FL 33913 (by appointment).