What Seagate Development Group does

Seagate Development Group is a privately held, vertically integrated real estate development and construction company headquartered in Fort Myers, Florida, operating across Southwest Florida's Lee, Collier, and Charlotte counties. Founded in 2015 by William Price, Matthew Price, and James Nulf, Jr., the company orchestrates the full real estate lifecycle — land acquisition, entitlements, site development, design, construction, interior design, sales, leasing, and asset/property management — through coordinated divisions including Seagate Residential, Seagate Commercial, Asset & Property Management, Title & Escrow, and a Real Estate Investment Fund, supported by wholly-owned sister companies Earth Tech Enterprises (land development, mining, and marine services) and Theory Design (luxury interior design).

The company's core technology platform is its operational integration model rather than a software product: GPS-enabled heavy equipment from Earth Tech Enterprises supports precision site work, hurricane-resistant construction standards (reinforced foundations, impact windows, engineered trusses, hurricane straps) address Southwest Florida's climate risks, and Palisades residences feature integrated smart home systems for security, lighting, climate, and entertainment. The company manages over 1.5 million square feet of commercial real estate, holds a 502-acre sand and salt mine (Bell Mine, acquired 2022), and operates a 2-million-square-foot Class-A speculative industrial park (Gulf Landing Logistics Center) on a 300-acre site in Fort Myers.

Seagate generates revenue across multiple streams: one-time luxury home sales priced from $2 million to more than $9 million in communities such as Palisades, Silver Oak, Opus Stone, Revana Lakes, and Hill Tide Estates; commercial design-build and general contracting for build-to-suit facilities (warehouses, offices, industrial) with over $100 million in preconstruction projects; recurring asset and property management fees on the 1.5M+ sq ft portfolio; Theory Design's interior design services (including a completed $32.5 million penthouse); title and escrow transaction fees; managed Earth Tech site-development and mining revenues (record material sales at Bell Mine in 2023); and capital from its real estate investment fund. The customer base spans high-net-worth residential buyers plus a diverse roster of commercial enterprise clients (ABC Supply, Ameriprise Financial, EmCyte, Beacon Roofing Supply, California Closets, Ten-8 Fire and Safety, and others) across logistics, building materials, financial services, biotechnology, and government segments, with go-to-market executed through on-site sales centers, design galleries, direct enterprise outreach, and a realtor referral program.

Name

Seagate Development Group

Legal name

Seagate Development Group, LLC

Website

https://seagatedevelopmentgroup.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Real Estate Development and Construction

NAICS

New Housing For-Sale Builders (236117), Land Subdivision (23721), Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (5312), Lessors of Real Estate (5311)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Residential General Contracting (New Build) (IMAFAAAB), New Construction & Builder Sales (BPAJAAAB), Land & Development Site Brokerage (BPAJABAG), Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Luxury custom homebuilding
• Commercial construction services
• Real estate development
• Property management services
• Interior design services

Headquarters

HQ city

Fort Myers

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Custom Luxury Home Sales: Design, build and sell custom luxury residences in Southwest Florida communities. Revenue from home sales at price points from $2 million to over $9 million.
2. Commercial Construction Services: Design-build and general contracting services for commercial clients including warehouses, office buildings, and industrial facilities. Over $100 million in build-to-suit projects in preconstruction.
3. Asset & Property Management: Asset management, property management, facilities services, financial services, and commercial properties leasing. Over 1.5 million square feet under management.
4. Interior Design Services: Theory Design provides luxury interior design services for Seagate homes and external clients. Completed $32.5 million penthouse design.
5. Land Development & Mining: Earth Tech Enterprises provides site development, mining operations, and marine services. Bell Mine 502-acre sand and salt mine with record material sales in 2023.
6. Title & Escrow Services: Title and escrow services for residential and commercial real estate transactions.
7. Real Estate Investment Fund: Investment fund for strategic real estate investments and growth.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels9 records

Core offering

Vertically integrated real estate development company that combines land acquisition, design, permitting, site development, construction, interior design, sales, leasing, and asset and property management. Operates through separate yet integrated divisions covering the full lifecycle of luxury residential and commercial real estate projects in Southwest Florida, with homes priced from $2 million to over $9 million and over 1.5 million square feet under asset management.

Product overview

Seagate Development Group is a vertically integrated real estate company offering a comprehensive portfolio of real estate development and construction services. The company operates through distinct divisions including Seagate Residential (luxury custom homebuilding with communities like Palisades, Silver Oak, Opus Stone, and Revana Lakes), Seagate Commercial (commercial construction and site development), Asset & Property Management (leasing and facilities services managing 1.5M+ sq ft), Title & Escrow, and Real Estate Investment Fund. Sister companies include Earth Tech Enterprises (land development, mining, marine services) and Theory Design (luxury interior design). The company orchestrates all aspects from land acquisition through construction, design, sales, and property management.

Differentiator

Problem solved

Functional benefit

Products and services

• Seagate Residential Luxury custom homebuilding division offering custom homes, renovations, available homes, and communities throughout Southwest Florida including Palisades, Silver Oak, Opus Stone, Revana Lakes, and Hill Tide Estates, with homes priced from $2 million to over $9 million.
• Seagate Commercial Commercial development and construction division providing commercial construction, site development, and general contracting and construction management services for warehouses, office buildings, industrial facilities, and build-to-suit projects in Southwest Florida.
• Asset & Property Management Property management division offering asset management, property management and facilities services, financial services, and commercial properties leasing for commercial real estate holdings, managing over 1.5 million square feet including Alico Business Park and Alico Road Business Park.
• Title & Escrow Title and escrow services providing secure real estate transaction services for residential and commercial property closings.
• Real Estate Investment Fund Strategic real estate investment fund for growth-focused investments in the Southwest Florida market.
• Earth Tech Enterprises Land development, mining operations, and marine services division handling site work, fill sand mining, beach renourishment, and excavation services, with the 502-acre Bell Mine sand and salt mine and Gulf Landing Logistics Center site development of 300 acres with over 700,000 cubic yards of material placement.
• Theory Design Award-winning luxury interior design firm providing interior design services for Seagate homes and external clients using a layering methodology, including the completed $32.5 million penthouse design at Seasons at Naples Cay and operating from a studio in Miromar Design Center.
• Palisades 12-acre luxury gated community in North Naples with 25 custom home sites on Yarberry Lane, featuring lake and park-facing lots with integrated smart home technology and fully customizable floor plans from 2,600+ to 3,300+ square feet with 3-4 bedrooms, 3-4 full baths, 2 half-baths, and 3-car garage, with starting prices in the high $2 millions.
• Silver Oak Exclusive Naples community with 10 oversized custom estate lots at 1.25 acres each, without homeowners association restrictions, featuring six models ranging from 4,542 to over 5,700 square feet with 4-car garages.
• Opus Stone Luxury estate home community at Vanderbilt Beach Road and Massey Street in Naples with 51 custom estate homes on 50+ acres, floor plans from 3,200 to 5,500+ square feet on oversized homesites.
• Revana Lakes 200+ acre gated and amenitized community along Bonita Beach Road in Bonita Springs with sweeping lake and preserve views and custom home construction.
• Hill Tide Estates 9.98-acre gated enclave of 19 luxury homes at Boca Grande with beach and golf course proximity, including the fully furnished Beacon model home with 5,000+ square feet of living space and 13,391 total square feet.
• Renovations Residential renovation services including total home renovations, additions, kitchen and bath remodels, outdoor living areas, and wine rooms, delivered by a team of project managers, construction managers, and production coordinators.

Quantifiable outcome

• Delivered on budget and schedule with scalability, consistency and sustainability
• +5 more outcomes

Named customers18 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

13 partnerships are on record, tiered minor and core.

• Lee and AssociatesminorChannel Partner/ Reseller/ Distributor · 1 May 2023Commercial real estate brokerage firm. Adam and Derek Bornhorst partnered with Seagate on Casa Napoli flex industrial investment property project.
• AECOM ArchitectsminorStrategic or Co-development Partner · 1 April 2023Architecture firm provided plans for Ameriprise Financial office remodeling project at The Offices of Pelican Bay.
• MEP EngineeringminorStrategic or Co-development Partner · 1 April 2023Mechanical, Electrical, and Plumbing engineering firm partnered on Ameriprise Financial remodeling project.
• Quattrone & AssociatesminorStrategic or Co-development Partner · 1 March 2023Civil engineering firm serving as civil engineer for Trend Moving & Storage facility at Alico Trade Center.
• PDS ArchitectureminorStrategic or Co-development Partner · 1 March 2023Architecture firm providing design services for Trend Moving & Storage facility at Alico Trade Center.
• PDS ArchitectureminorStrategic or Co-development Partner · 1 February 2023Architecture firm partnered with Seagate on Isles Luxury Storage project near Punta Gorda Airport.
• Energy Concepts of Southwest FloridaminorStrategic or Co-development Partner · 1 February 2023Engineering firm partnered with Seagate on Isles Luxury Storage climate-controlled facility project.
• Select StructuralminorStrategic or Co-development Partner · 1 February 2023Structural engineering firm partnered on Isles Luxury Storage project.
• Broadway Shoppes, LLCminorStrategic or Co-development Partner · 1 February 2023Entity led by Chad Commers (Isles Luxury Storage owner) partnered with Seagate on self-storage facility development.
• KP ArchitectureminorStrategic or Co-development Partner · 1 December 2022Fort Myers-based architecture firm that designed custom waterfront residence for Indiana clients on Marco Island. Seagate awarded construction contract for the project.
• Lee County Board of County CommissionersminorOthers · 1 November 2022Procured Seagate's services through competitive bidding for emergency generator installations at four Lee County emergency shelter locations. Project includes Generac Industrial Generators installation, electrical work, and system testing.
• Earth Tech EnterprisescoreStrategic or Co-development Partner · 1 January 2015Land development, mining operations, and marine services division of Seagate Development Group. Provides site work, earth moving, and land preparation services for Seagate residential and commercial projects. Tripled in size over two years and invested over $20 million in capital equipment in 2023. Completed 502-acre Bell Mine acquisition.
• Theory DesigncoreStrategic or Co-development Partner · 1 January 2015Award-winning luxury interior design firm providing design and furnishing services for Seagate Residential model and client homes. Completed design for $32.5 million penthouse at Seasons at Naples Cay. Operates from studio in Miromar Design Center. Developed 2024 Interior Home Trends Guide.

Scale indicators16 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Tri Pointe Homes: NYSE-listed national homebuilder with Florida exposure through Maracay and other brands. Comparable on customer demographics and integrated land acquisition/development model, though broader geographic footprint and mass-market rather than ultra-luxury positioning.
• Howard Hughes Holdings: NYSE-listed master-planned community developer (The Woodlands, Bridgeland, Downtown Columbia) with similar integrated model spanning land development, homebuilding, and commercial asset management. Comparable business architecture and long-duration community building approach, though operates at materially larger scale and more premium demographic positioning.
• Toll Brothers: NYSE-listed national luxury homebuilder with significant Florida presence including Naples, Bonita Springs, and Boca Grande markets (overlaps with Hill Tide Estates). Competes in same customer demographic and product category but operates at vastly larger scale across multiple regions, providing both competition and market validation.
• PulteGroup: NYSE-listed national homebuilder (Centex, Del Webb, Pulte, John Wieland brands) with significant SW Florida operations. While not luxury-positioned at the same $2M-$9M+ price point, competes for entitled land parcels, subcontractor capacity, and buyer pipeline in overlapping Florida submarkets.
• Mattamy Homes: Largest privately held North American homebuilder headquartered in Toronto with active Florida operations including SW Florida. Comparable business model (vertically integrated land acquisition, development, and construction) and customer segment overlap, though broader geography dilutes SW Florida concentration.

Direct peers

• London Bay Homes: Naples-based private luxury custom homebuilder and developer with comparable product positioning (luxury custom homes, $2M+ price points) and SW Florida concentration. Competes directly in North Naples, Talis Park, and surrounding luxury enclaves like Seagate's Palisades and Opus Stone.
• Stock Development: Fort Myers/Naples-based privately held luxury homebuilder and developer with deep SW Florida roots. Most directly comparable on geography, product (luxury custom homes and master-planned communities), and integrated development approach. Operates in overlapping submarkets such as Quail West and Bonita Springs.
• Minto Communities: Florida-based (headquartered in Fort Lauderdale) private homebuilder and master-planned community developer. Comparable across product line (luxury custom homes, gated amenitized communities), presence in SW Florida, and integrated development/build model. Recently expanded Naples-area presence.
• GL Homes: Florida's largest privately held homebuilder with luxury positioning and active communities throughout the state, including SW Florida. Comparable on product (luxury single-family in master-planned amenitized communities), customer demographics (HNW Florida buyers), and integrated development from land acquisition through construction.

Emerging players

• FirstService Corporation: NASDAQ-listed property management and real estate services firm that grew partly via rollups of regional property managers. Comparable to Seagate's 1.5M+ sq ft asset/property management arm and title/escrow services, though operates at much larger scale and is geographically diversified.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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• LinkedInlinkedin.com/company/seagate-development-group-llc.
• Instagraminstagram.com/seagatedevelopmentgroup

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Seagate Development Group