Market note · Updated June 15, 2026 (now with two-Esplanades disambiguation)
Collier County’s second Costco is going up at the corner of Rattlesnake Hammock Road and Collier Boulevard — a 162,000-square-foot warehouse with a freestanding gas station on the commercial tract of the Hacienda Lakes mixed-use PUD. It sits a few miles north of Esplanade by the Islands on Collier Boulevard, and it reshapes the retail map for everyone shopping or living in 34114.
Important disambiguation up front:
There are two different Taylor Morrison “Esplanade” communities in this part of Naples, and the local press coverage of the Costco settlement has caused some confusion. The $35,000 donation reported in the settlement goes to Esplanade at Hacienda Lakes — an older, now sold-out Taylor Morrison community at 8603 Maggiore Court that was built on the Hacienda Lakes PUD itself. It does not go to Esplanade by the Islands (15150 Tolmino Street), which is a separate, newer Taylor Morrison community that is still actively selling and located a few miles south. Same builder, different communities. I go through both below.
The 30-second version
The store is going on the southeast corner of Rattlesnake Hammock Road and Collier Boulevard, on the commercial tract of the Hacienda Lakes mixed-use Planned Unit Development. That intersection is one of the major east-west / north-south crossings in East Naples.
From Esplanade by the Islands, the new Costco is a few miles north up Collier Boulevard — close enough to be a quick errand off-peak, far enough that day-to-day quiet at the community isn’t affected. Confirm the exact drive with your maps app when you visit the gate; depending on traffic and the route you take, it’s roughly a 10-minute drive.
The site is also close to a cluster of other retail and dining already in place: the Hammock Cove shopping area, Freedom Square, Marshalls/HomeGoods, Publix, the Restaurant Row at Collier & US‑41, and the growing line of national chains along Collier south of Davis. Costco doesn’t arrive in a vacuum — it lands on top of a corridor that’s been steadily filling in for the last five years.
This is the most-confused part of the local coverage. Taylor Morrison builds multiple Esplanade-branded communities across Florida, and Naples has more than one. They’re marketed under the same brand family, but they are physically separate communities with separate HOAs, separate amenity centers, and separate price points.
Why the confusion? Same builder, same brand family, both in 34114, both near Collier Boulevard. Local press coverage of the settlement has occasionally elided the distinction. If you read “Esplanade” in a Naples news article about Hacienda Lakes, it’s referring to Esplanade at Hacienda Lakes. This site (esplanadenaples.org) covers Esplanade by the Islands — the newer community a few miles south.
This wasn’t a quiet rubber-stamp. The Costco proposal triggered a real public-hearing fight in front of the Collier County Board of County Commissioners, with organized neighborhood opposition focused on traffic, safety at the Rattlesnake Hammock / Collier intersection, gas-station fume buffers, lighting, and landscaping along the residential-facing side of the parcel.
After a roughly four-hour hearing on October 14, the BOCC voted unanimously to approve the ordinances allowing the warehouse and gas station to proceed. The unanimous vote followed a separately negotiated settlement between Costco and the local opposition group — documented in the local press — that resolved a number of the design and operational concerns.
The approved Costco is a 162,000-square-foot big-box warehouse with a freestanding Costco gas station on the same parcel. That’s a typical Costco footprint — not the larger 175K–200K format. The footprint matters for a few reasons:
This will be Collier County’s second Costco — the existing North Naples store sits well north of Esplanade and absorbs all the southern Collier and Marco Island demand today. That existing store is widely reported as one of the busiest in the region. Splitting that demand across two stores is precisely the convenience argument from the Costco side of the approval.
The single most-confused detail in the local coverage. Here is the careful version.
As part of the compromise that ended local opposition and cleared the path to the unanimous BOCC vote, Costco agreed to donate $35,000 to Esplanade at Hacienda Lakes. “Esplanade at Hacienda Lakes” is the older, sold-out Taylor Morrison community built on the Hacienda Lakes PUD itself — the residential parcel that physically borders the Costco site. It is not the same community as Esplanade by the Islands, despite the similar branding. See Section 2 above for the side-by-side.
The $35,000 was negotiated as part of the settlement that resolved opposition from residents whose homes back up to the new commercial parcel. That opposition was concentrated in the residential parcels physically adjacent to the Costco site — meaning Esplanade at Hacienda Lakes, which is on the same PUD. Buffer, lighting, traffic-calming, and neighborhood-amenity concerns were the practical drivers of the negotiation, and the donation flowed to the community closest to the construction.
Specific spending hasn’t been publicly announced. Logical candidates at Esplanade at Hacienda Lakes: landscape enhancements along the residential-facing edge, gate-area improvements, traffic-calming features at affected access points, or amenity-area improvements that benefit all members of that community.
No — not in the direct “$35,000 deposited into our community association” sense. That money flows to the other community. What does benefit Esplanade by the Islands is the set of safety, signage, and traffic-calming commitments Costco agreed to as part of the broader settlement — new crosswalk signs and signals at the corner, and improved intersection design. Anyone driving Rattlesnake Hammock and Collier benefits from those upgrades, including residents heading north from our community.
Not via the donation itself. The proximity to a new Costco — and the safer, better-signaled corner that comes with the settlement — is the actual buyer-relevant takeaway here. Modest, real, and durable.
The honest answer is net-positive, with caveats. Here is how I weigh it:
Netting it out: I expect the new Costco to be a modest, sustained tailwind to Esplanade by the Islands resale demand. It’s the kind of factor that doesn’t add a single percentage point in any single quarter — but it strengthens the corridor that Esplanade sits on, and that strength compounds over the long horizons most buyers here are planning.
Don’t look at the Costco in isolation. The Collier Boulevard / US‑41 / Tamiami Trail corridor south of Davis has been transforming for several years. The Costco arrival is going to accelerate that.
For Esplanade owners, the practical move is to route around the peak times. The intersection will be most loaded on Saturday late-morning and Sunday early-afternoon. Off-peak, the new amenity is a quick out-and-back from the gate.
Seasonal-resident note: If you spend October–April in Esplanade and pack the freezer on arrival, this changes the shopping run from a North Naples trip to a quick local errand. For a part-year home this kind of detail matters — it’s a quality-of-life addition that compounds across years.
Working from the publicly available reporting, here’s the realistic sequence. Dates beyond approval are targets, not commitments — permitting and weather can shift them.
| Milestone | When |
|---|---|
| BOCC unanimous approval | October 14 (after 4-hour public hearing) |
| Final site-plan + permitting review with Collier County staff | Late 2025 — early 2026 |
| Ground-breaking target | Early 2026 |
| Vertical construction window | ~9–14 months |
| Opening target (per Marco Eagle reporting) | Fall 2026 |
If you’re buying into Esplanade by the Islands in 2026, you’ll likely move in roughly the same window that Costco is finishing construction. Build a Saturday-morning baseline experience while construction is still going — the post-opening pattern will be different (and the post-traffic-restripe pattern different again).
This piece is built from publicly available reporting on the approval and settlement. Direct sources:
My family lives in Esplanade by the Islands and I’m there constantly. I shop at the existing Naples Costco. I know exactly which Esplanade streets will pick up traffic and which won’t when this store opens. If you’re evaluating a home in or near the community, I’ll walk you through this — honestly, without selling.
Nicholas Nolan is a Florida REALTOR® with Realty ONE Group MVP who focuses on Naples, Marco Island, and Esplanade by the Islands. He has family who live in the community, plays pickleball at the courts, and has been showing & selling Esplanade homes since the community first opened. He helps buyers compare floor plans, understand HOA/CDD costs, evaluate resale values, and negotiate strategically.
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News context. Project timelines and settlement terms are summarized from publicly available reporting and are subject to change. Verify current status with Collier County and the cited sources before making purchase decisions.
Not legal or financial advice. Property-value commentary in this article is general market context, not a personalized appraisal, investment, or legal recommendation.