Pine Island Realty merges with John R. Wood Properties

Naples, Fla.—  Phil Wood, President and CEO of John R. Wood Properties, today announced the acquisition of Bokeelia-based Pine Island Realty, the island’s leading residential real estate firm. The agreement became official on Friday, April 1.

“This move expands our presence in the Ft. Myers/Cape Coral area of western Lee County and further strengthens our position as southwest Florida’s oldest and leading real estate brokerage,” said Wood. “Incorporating Pine Island Realty into the John R. Wood Properties family will help all of our agents realize a larger selection of listings for our clients while helping preserve our number one market share in the two-county (Lee, Collier) area.”

In business since 1980, Pine Island Realty and its team of approximately 12 agents represent more than $100 million in residential transactions annually throughout Bokeelia, St. James City, Matlacha, and Cape Coral. In addition to the company’s staff and real estate agents, owners Mike Faulkner and Brian Faulkner have joined John R. Wood Properties and will remain active as vice presidents within the company.

Two sales offices, at 5400 Pine Island Rd. in Bokeelia and 2959 Oleander St. in St. James City, are being transitioned to John R. Wood Properties offices, bringing the company to 21 locations throughout southwest Florida.

John R. Wood Properties surpassed all southwest Florida residential real estate brokerages in 2021 sales volume, listings sold and total closed units. Led by President and CEO Phil Wood, recently recognized among Florida’s most influential business leaders by Florida Trend magazine, the firm reported a record-setting 2021 written sales volume of $5.834 billion while also leading the Collier and Lee County market with 3,054 listings sold and 6,109 total closed units.   

Ron Howard, vice president of sales for the firm, commented that he was excited to have a good selection of additional waterfront properties for John R. Wood agents. “Waterfront in the Pine Island region is attractively priced compared to the values in the Naples/Marco Island area,” said Howard. “Having these additional properties with the current inventory shortage will be a big plus for our buyers.”    

About John R. Wood Properties
John R. Wood Properties, founded in 1958, is the leading residential real estate brokerage in Southwest Florida, consistently holding the number one position in closed sales volume. More than a local brand, it is a highly revered organization with over 60 years of industry and market experience offering best-in-class training and data resources for agents, broad international exposure to buyers, and highly focused luxury marketing resources that drive results for sellers. John R. Wood Properties has almost 700 real estate agents and actively serves Marco Island, Isles of Capri, Naples, Ave Maria, Bonita Springs, Estero, Fort Myers, Fort Myers Beach, Cape Coral, Sanibel, Captiva, and Pine Island. 

 For more information, visit www.JohnRWood.com.