Fort Myers Beach revives iconic rainbow cottages with luxury, multi-million dollar rebuilds
After Hurricane Ian destroyed the 1960s rainbow cottages at Paradise Point, new multimillion-dollar homes are being constructed on the site.
Hurricane Ian razed the beloved rainbow-painted cottages of Paradise Point on Fort Myers Beach, a community that had existed since the 1960s. Owners Dennis and Lisa Greenspon announced in October 2022 that they would not rebuild, but Marvin Construction has now started a luxury redevelopment of the twelve lots. The first pink cottage, over 2,100 sq ft, is nearing completion, with larger units of 3,600 sq ft and 2,053 sq ft under way.
Each new home will be elevated 15 feet on concrete pilings, feature hurricane-impact windows, doors and metal roofs, and be listed for sale starting at $2.6 million. Richard Durling of Marvin Homes said the aim is to preserve the beach-community vibe while meeting modern building codes. The Greenspons, who own eight of the lots, intend to sell the finished homes to new owners who can rent them out.
Why it matters
The project shows how coastal communities are reshaping after major storms, shifting from modest rentals to high-value, resilient housing.
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