Palermo Condos for Sale at The Colony in Bonita Springs
Palermo is a luxury high-rise within The Colony at Pelican Landing, offering unusually large standard residences, private elevator entry, broad terraces and rare two-level penthouses with sweeping views across Estero Bay, the Gulf of Mexico, golf and coastal preserve.
Palermo is located at 4875 Pelican Colony Boulevard within The Colony at Pelican Landing in Bonita Springs, Florida.
The current Pelican Landing neighborhood directory identifies approximately 73 Palermo condominiums. Because historical sources do not always report the legal residence count identically, buyers should rely on the current condominium declaration and association records when an exact legal count is material.
Palermo rises 21 stories and belongs to The Colony's early-2000s generation of WCI luxury towers. Public property records commonly identify 2002 as the construction year.
Address 4875 Pelican Colony Boulevard.
Building 21-story luxury condominium tower.
Standard Living Area Approximately 2,910 to 3,295 square feet.
Penthouses Approximately 5,757 to 5,983 square feet.
Typical Floor Four principal residence stacks.
Views Gulf, Estero Bay, golf, lake and preserve views vary by floor and stack.
Palermo Floor Plans: 01, 02, 03 and 04 Stacks
Palermo's typical residential floors are organized around four principal residence positions. Identifying the exact stack is the first step in evaluating a Palermo condominium.
01 Stack Approximately 3,240 square feet, generally configured as a large end residence.
02 Stack Approximately 2,910 square feet with three-bedroom configurations represented.
03 Stack Approximately 2,910 square feet and generally compared first with other 02/03 residences.
04 Stack Approximately 3,295 square feet, commonly with three bedrooms plus a den.
Palermo comparison rule: identify the stack first. A 2,910-square-foot interior residence and a 3,295-square-foot end residence should not be valued as interchangeable simply because they share the same tower.
Rare Two-Level Palermo Penthouses
Palermo's upper levels contain special penthouse configurations that bear little resemblance to its conventional residences.
Penthouse layouts on the upper floors can extend from approximately 5,757 to 5,983 square feet and may provide four- or five-bedroom arrangements, dramatic entertaining spaces and materially greater terrace area.
Certain penthouses are arranged across two levels with interior staircases. Current Palermo inventory demonstrates that these ultra-large residences can also include private enclosed two-car garages, extensive custom cabinetry, premium kitchens, wine storage and other estate-scale appointments.
Penthouses belong in a separate competitive market. Applying the average price per square foot of a standard 2,910- or 3,295-square-foot Palermo residence to a nearly 6,000-square-foot penthouse is not a reliable valuation method.
Private Elevator Entry
Palermo residences are designed around private passenger-elevator arrival into an individual residence foyer rather than a conventional shared residential corridor.
A separate service-elevator system supports deliveries, moves and building operations.
Buyers should confirm the exact foyer arrangement, elevator procedures and association responsibilities applicable to the individual condominium.
Estero Bay and Gulf of Mexico Views
Palermo's western Colony location gives many residences a strong relationship to Estero Bay and the Gulf horizon.
Increasing elevation can expand water and sunset visibility, but floor alone does not determine the view. Stack, orientation, neighboring buildings and the direction of principal living rooms all matter.
Floor Elevation affects water visibility, privacy and horizon breadth.
Stack Residence position can change primary sightlines substantially.
Estero Bay Compare broad bay exposure with angled or partial water visibility.
Gulf Horizon Higher western exposures may provide long-distance Gulf views.
Sunsets Western orientations can provide exceptional late-day skies.
Primary-Room View Evaluate what is visible from the living room and primary suite, not only the terrace.
Golf, Lake and Preserve Views
Lower and intermediate elevations can combine golf, lake, landscaped and preserve scenery, while end residences may enjoy more than one exposure.
Preserve and mangrove foregrounds are important permanent value characteristics because they create separation and visual depth between the building and Estero Bay.
Large Terraces and Outdoor Living
Palermo's terraces extend its large interior plans into the surrounding coastal environment.
End residences can benefit from multiple directions of exposure, while interior stacks may concentrate more strongly on one principal view.
Usable Depth Confirm whether the terrace comfortably accommodates dining and seating.
Orientation Consider sunrise, afternoon sun and sunset exposure.
Wind Higher elevations can experience different conditions.
Screening Verify enclosure and association requirements.
Storm Protection Electric shutters are present in some residences but should be verified individually.
Maintenance Confirm owner versus association responsibility for terrace components.
Parking, Private Garages and Storage
Two under-building parking spaces are commonly associated with Palermo's standard residences, but parking rights should always be verified for the exact condominium.
Certain residences have unusually valuable private enclosed garage arrangements. A current 10th-floor residence, for example, includes an oversized private two-car garage near the garage lobby, while the active penthouse also advertises a private enclosed two-car garage with storage.
Number of Spaces Verify the precise spaces conveying.
Private Garage Distinguish an enclosed garage from standard assigned parking.
Location Garage-lobby and elevator proximity can affect convenience.
Storage Confirm separate locker or garage-storage rights.
EV Charging Verify existing equipment and current association policy.
Legal Rights Confirm parking and storage through deed, condominium records and estoppel.
Palermo Private Building Amenities
Palermo maintains its own amenity program in addition to The Colony and Pelican Landing recreation.
Heated Pool Landscaped private pool environment.
Spa Large spa adjacent to the pool deck.
Fitness Center Dedicated resident exercise facilities.
Theater Private building screening room.
Billiards Dedicated billiards and recreation space.
Two Guest Suites Reservable accommodations for visiting family and friends.
Grand Salon Resident social and gathering space.
Outdoor Pavilion Landscaped pavilion with barbecue facilities.
Recent Palermo Building Improvements
Current Palermo resale marketing identifies several recent building improvements, including roof work, exterior painting and remodeled elevator-lobby areas.
Buyers should verify completion dates, funding source, warranties and whether additional capital projects remain planned through current association records rather than assuming a recently completed project eliminates all future expenditures.
Renovated vs. More Original Palermo Condos
Palermo's early-2000s construction makes renovation level increasingly important in resale comparisons.
Updated residences may include new kitchens, premium appliances, flooring, remodeled bathrooms, custom closets, automated window treatments, lighting and built-ins.
Kitchen Compare layout, cabinetry, surfaces and appliance quality.
Bathrooms Separate complete renovations from cosmetic changes.
Flooring Review material and association sound-control requirements.
HVAC Verify equipment age and service history.
Storm Protection Confirm impact glass, shutters or mixed systems at every opening.
Permits Verify substantial renovation and electrical or plumbing work.
Palermo Condominium Due Diligence
Buyers should evaluate both the individual Palermo residence and Palermo at The Colony Condominium Association.
Operating Budget Review current expenses and recent fee changes.
Reserve Funding Compare available reserves with anticipated building needs.
SIRS Request current Structural Integrity Reserve Study information applicable to the association.
Structural Inspection Review applicable current engineering and milestone-inspection documentation.
Master Insurance Evaluate building coverage, wind protection and deductibles.
Assessments Identify current, approved, proposed and recently completed assessments.
Elevators Review service agreements and modernization planning.
Exterior & Waterproofing Review facade, balcony and water-intrusion work.
Roof Verify completed work, warranty and capital-plan implications.
Board Minutes Review recent meetings for projects, insurance matters or litigation.
Insurance, Flood and Hurricane Protection
Palermo's coastal setting makes master insurance, hurricane protection and individual HO-6 coverage important parts of buyer due diligence.
Individual units may have different combinations of impact-resistant glass and electric shutters, so protection should be confirmed opening by opening.
Buyers should also review association deductibles, loss-assessment coverage, flood requirements and insurance for substantial interior improvements.
The Colony Bay Club
Palermo owners participate in The Colony residential lifestyle, including access to the resident Bay Club overlooking Estero Bay.
The Bay Club provides waterfront dining and social opportunities and is separate from Palermo's private tower amenities and from optional membership at The Colony Golf & Country Club.
Private Gulf Beach Park
Colony owners also receive applicable Pelican Landing recreation privileges, including access to the private Gulf Beach Park on Big Hickory Island.
Community boat transportation carries residents across Estero Bay. Current schedules, guest privileges and weather procedures should be verified through Pelican Landing.
Optional Colony Golf Membership
The Colony Golf & Country Club operates independently from Palermo condominium ownership.
Its private Jerry Pate-designed course is a major lifestyle option, but purchasing a Palermo residence should not be assumed to guarantee immediate membership or a particular membership category.
Buyers who consider golf essential should verify current availability, waiting procedures, initiation requirements, dues and privileges directly with the Club.
2026 Palermo Market Context
Palermo's 2026 sales demonstrate a significant value spread even among residences sharing the same floor-plan family.
Unit 1704, a 3,295-square-foot residence, closed at approximately $1.70 million in June 2026, while Unit 604 with the same reported living area closed at approximately $1.279 million in May.
Among approximately 2,910-square-foot residences, Unit 1502 closed at approximately $1.05 million in August, while Unit 1002 closed at approximately $950,000 in May.
These differences reinforce why floor, view, stack, renovation, parking and property condition must be considered before relying on a Palermo-wide price-per-square-foot average.
How to Value a Palermo Condo
Standard vs. Penthouse Separate conventional units from ultra-large upper-level residences.
Stack Begin with the 01, 02, 03 or 04 residence position.
Floor Plan Separate approximately 2,910-, 3,240- and 3,295-square-foot homes.
Floor Elevation affects Gulf and Estero Bay visibility.
View Compare Gulf, Bay, golf, lake and preserve exposure.
Terraces Evaluate size, orientation, screening and storm protection.
Parking / Garage Private enclosed garages deserve separate consideration.
Storage Verify exact storage rights and convenience.
Renovation Adjust for meaningful interior and mechanical improvements.
Association Condition Consider reserves, insurance, assessments and capital planning.
Review the The Colony at Pelican Landing Market Report for current activity, then narrow the comparable set to Palermo residences with the most similar stack, size, floor and view.
Palermo vs. Other Colony High-Rises
Palermo occupies the larger-residence segment of The Colony's established luxury high-rise market.
La Scala generally provides still larger standard floor plans with only 64 residences, while Altaira represents a newer 2017 construction generation.
Infinity at The Colony provides the newest 2026 high-rise alternative with contemporary construction, larger private amenity offerings and different warranty and association considerations.
Selling a Palermo Residence
Palermo sellers should position the residence within its exact stack and floor-plan category before relying on general Colony high-rise statistics.
Marketing should identify floor, Gulf and Estero Bay visibility, golf or preserve outlook, terrace orientation, private elevator entry, garage configuration, storage, storm protection and significant renovations.
Penthouse sellers should lead with rarity, nearly 6,000-square-foot scale, multi-level configuration where applicable, terrace exposure, parking and highly customized interior features.
Return to the The Colony at Pelican Landing real estate guide to compare Palermo with the community's other high-rise towers, mid-rise condominiums, coach homes, villas and estate neighborhoods.
Schulz Realty helps Palermo buyers and sellers compare stack, floor-plan family, floor, Gulf and Estero Bay visibility, golf and preserve views, terraces, private elevator entry, parking and private garages, storage, renovations, association financial condition, Colony amenities, optional golf membership and the most relevant Palermo comparable sales.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than this company are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available through the BR Program. The information provided is for consumers’ personal, non-commercial use and may not be used for any other purpose.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than this company are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available through the BR Program. The information provided is for consumers’ personal, non-commercial use and may not be used for any other purpose.