$1,599,999 Price Analysis    ♡   Fort Myers Beach, FL 33931 6 bed 5 bath 10,000 SqFt ($159/SqFt) 9,801SqFt lot. Built 1975 Listed 2024-03-14, Taxes $4,559 | Ⓧ USDA Ineligible due to price & location near Fort Myers Beach |
Motivated seller wants an offer.
This property is zoned for multifamily development with a maximum of 10 units. The existing structure consists of two 2-bedroom, 1-bathroom units measuring 1225 square feet each, two 1-bedroom, 1-bathroom units measuring 850 square feet each and one efficiency unit. Additionally, the building includes a laundry facility. The units have been mostly stripped and requir e finishing touches. Despite this, the building remains sturdy and features a newer roof, making it suitable for restoration or a different purpose.
Considering its zoning designation for multifamily use and the surrounding properties, this property presents an excellent opportunity to serve as the anchoring point for your new condo, hotel or apartment project. As there are neighboring properties that can be acquired along with this one, you have the potential to secure addtional space for parking and any other land needs your project may require. Although the property did sustain wind and hurricane damage during Hurricane Ian, it can be repaired and used as a rental property. At the same time, you work on putting together the larger project if you so choose.
Presented by Joe Wallace at
Gulf Coast Realty Llc.
Property MLS #224024733 from FLGulfCoastMLS
Full Bathrooms: 5
Road Responsibility: PublicMaintainedRoad
Lot Dimensions Source: Appraiser
Lot Size Acres: 0.225
Lot Size Dimensions: 71 x 140 x 71 x 140
Lot Size Source: Appraiser
Lot Size Square Feet: 9801
Association Amenities: BeachRights
Calculated Total Monthly Association Fees: 0
Pets Allowed: Yes
Number of Units: 2
Source Listing Status: Active
County: Lee
Tax Year: 2022
Source Property Type: ResidentialIncome
Source Neighborhood: SAN CARLOS ON THE GULF
Parcel Number: 24-46-23-01-00010.0120
Postal City: FORT MYERS BEACH
Subdivision: SAN CARLOS ON THE GULF
Zoning Description: IL
Property Subtype: Quadruplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $248,849 + $58,800 $307,649 | $4,559 |
| 2021 | $unknown + $unknown $338,414 | $4,559 |
| 2020 | $243,631 + $58,800 $302,431 | $4,596 |
| 2019 | $236,311 + $58,800 $295,111 | $4,525 |
| 2018 | $232,057 + $58,800 $290,857 | $4,426 |
| 2017 | $214,375 + $58,800 $273,175 | $4,252 |
| 2016 | $221,440 + $58,800 $280,240 | $4,449 |
| 2015 | $218,780 + $43,561 $262,341 | $4,225 |
| 2014 | $unknown + $unknown $304,792 | $4,924 |
| 2013 | $unknown + $unknown $277,790 | $4,565 |
| 2012 | $unknown + $unknown $266,751 | $4,234 |
| 2011 | $unknown + $unknown $259,011 | $4,398 |
| 2010 | $unknown + $unknown $261,699 | $4,423 |
| 2009 | $unknown + $unknown $278,590 | $4,673 |
| 2008 | $unknown + $unknown $291,360 | $4,574 |
| 2007 | $unknown + $unknown $310,310 | $4,874 |
$1,599,999
FLGulfCoastMLS
Price Changed 2024-04-04
$1,900,000
FLGulfCoastMLS
Listed 2024-03-14
$2,000,000
FLGulfCoastMLS
Sold 2005-06-10
$300,000
Public Record
Sold 1999-09-28
$250,000
Public Record
Sold 1998-08-13
$220,000
Public Record
Operating Expense: 10000
Building Area Total: 10000
Construction Materials: Block, Concrete, Stucco
Levels: Two
Property Age: 49
Property Condition: Resale
Roof: BuiltUp, Flat
Levels or Stories: 2
Structure Type: Quadruplex
House Style: TwoStory
Architectural Style: TwoStory
CableAvailable
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.