14700 Patrick Henry Rd · North Fort Myers, FL 33917

$55,900

2 bd · 2.0 ba · 1,360 sqft · Condo public records · 274 Days on market

Built 1975 $423/mo HOA

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +3.7/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Excellent investment opportunity in this corner-lot home located in a premier 55+ Gulf-access, riverfront co-op community - SHARE INCLUDED! Property features 2 bedrooms, FLEX Room/Den and 2 bathrooms, Large owners suite with walk in closet. While the property sustained damage from Hurricane Ian, it has been remediated and cleared out. Other key upgrades include updated PVC plumbing, Miami Dade-rated windows & doors, Hardie Board exterior over Tyvek insulation & 5/8 inch sheathing plywood, a screened lanai, and 2 oversized driveways with parking for 4+ cars and enclosed utility shed. This resident-owned community is designed for the active Florida lifestyle. Enjoy two pools, hot tub, fitness center, tennis, pickleball, bocce, shuffleboard, and basketball courts. Spend evenings watching sunsets at Palm Point Park’s 9-acre waterfront preserve, or take advantage of the 81-slip marina with boat & kayak launch for direct Gulf access through Lighthouse Marina. Whether you’re an investor ready to renovate or a buyer seeking an affordable entry into Southwest Florida waterfront living, this home offers both potential and lifestyle. SOLD AS IS, CASH ONLY. No pets allowed.

Key facts

• Updated pvc plumbing
• Screened lanai
• Gulf-access

Tags

• GULF-ACCESS
• RIVERFRONT CO-OP COMMUNITY
• UPDATED PVC PLUMBING
• MIAMI DADE-RATED WINDOWS
• HARDIE BOARD EXTERIOR
• SCREENED LANAI

Property features AI

Finance

• Other: Property type: Residential; Property subtype: Modular Home; Zoning: MHPD; Lot size approximately 0.14 acres (0 to less than 1/4 acre)
• Financial info: Total annual fees listed as $5,076; Total monthly fees listed as $423
• HOA & community: Old Bridge Village Co-Op association; Monthly association fee of $423 (required); Senior community; Pets not allowed

Exterior

• Parking: Parking information not provided
• Security: No security information provided
• Utilities: Public water; Public sewer; Electricity available and connected; Water available and connected; Cable available and connected
• Home design: Residential modular home; One story; Faces southwest
• Construction: Stucco and wood siding exterior; Metal roof; Other foundation
• Exterior features: Exterior lighting; Paved road access

Interior

• Kitchen: Microwave
• Bedrooms: 2 bedrooms (1st level)
• Flooring: Tile; Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Ductless heating; Wall/window air conditioning units
• Interior features: Built-in features; Lighting (interior)
• Laundry & utility: Laundry inside

🏢 Co-op / cooperative unit. The $55,900 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $56k.

Deal economics

• At list price, monthly cash flow is $92 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $56k).
• Recommended offer: $49k (12.0% below list) — sets the bar for market timing.
• Cap rate 17.4% vs local median 3.6% in North Fort Myers — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#269 in FL, #4,409 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, amenities F, commute F.
• Lee (suburban): math 47% / reading 50% proficiency, ranked #42 of 73 in FL (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.6%/yr); 841 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
• This rent runs 36% of the median local income ($55k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $386 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Lee County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 274 days — a 12% lower offer ($49k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $34k (38%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; HOA is 26% of rent.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $49,192 (12.0% below list)

Questions for the listing agent

1. It's been on market 274 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.94% ✓
• Cap rate: 17.43%
• Cash-on-cash: 39.77%
• DSCR: 2.77
• GRM: 2.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.63% rent growth · sell at horizon

5-year hold

• IRR: -5.6%
• Equity multiple: 0.79×
• Total profit: $-3,267
• Equity at exit: $8,335

10-year hold

• IRR: 3.9%
• Equity multiple: 1.28×
• Total profit: $4,381
• Equity at exit: $4,833

Cash invested: $15,652 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33917

• Home prices YoY: -30.2%
• Rents YoY: 2.6%
• Active inventory: 841
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $1,641 high
• Mortgage (P&I): −$293
• Tax from tax record: −$38 /mo · $457/yr
• Insurance: −$23
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$423
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $92

Break-even live

Break-even rent $1,524

Max offer price $55,900

Occupancy floor 89%

Sensitivity live

Price	-10% $124	-5% $108	+0% $92	+5% $76	+10% $61
Rent	-10% $-37	-5% $27	+0% $92	+5% $157	+10% $222
Rate	-1.0pp $120	-0.5pp $106	base $92	+0.5pp $78	+1.0pp $63

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $13,975
• Closing costs: $1,677
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5558 Sir Walter Way North Fort Myers, FL	2.0	2.0	1372	$1,095	$0.80	15d	1	0.10mi
5510 Sir Walter Way North Fort Myers, FL	2.0	2.0	1152	$1,800	$1.56	3d	1	0.11mi
7050 Nantucket Cir North Fort Myers, FL	2.0	2.0	950	$3,000	$3.16	24d	1	0.36mi
7050 Nantucket Cir #6 North Fort Myers, FL	2.0	2.0	950	$3,000	$3.16	16d	1	0.36mi
1056 Old Bridge Rd North Fort Myers, FL	2.0	1.0	1100	$1,350	$1.23	24d	1	0.36mi
5707 Foxlake Dr #2 North Fort Myers, FL	2.0	2.0	1114	$1,500	$1.35	24d	1	0.44mi
15427 Crystal Lake Dr North Fort Myers, FL	2.0	2.0	1021	$3,200	$3.13	24d	1	0.53mi
15080 Riverbend Blvd #802 North Fort Myers, FL	2.0	2.0	1344	$1,850	$1.38	21d	1	0.58mi
5701 Longleaf Dr North Fort Myers, FL	2.0	2.0	1233	$1,570	$1.27	12d	1	0.60mi
15610 Crystal Lake Dr North Fort Myers, FL	2.0	2.0	968	$1,850	$1.91	24d	1	0.62mi
15610 Crystal Lake Dr #101 North Fort Myers, FL	2.0	2.0	998	$1,900	$1.90	24d	1	0.62mi
1275 Gramac Dr North Fort Myers, FL	3.0	2.0	1013	$1,575	$1.55	24d	1	0.63mi
1275 Gramac Dr North Fort Myers, FL	3.0	2.0	1013	$1,550	$1.53	3d	1	0.63mi
15250 Riverbend Blvd #204 North Fort Myers, FL	2.0	2.0	1429	$1,600	$1.12	21d	1	0.69mi
1439 Glick Dr North Fort Myers, FL	3.0	1.0	1134	$1,500	$1.32	2d	1	0.74mi
1398 Evalena Ln North Fort Myers, FL	3.0	2.0	1479	$1,849	$1.25	2d	1	0.79mi
137 Lantern Pl Unit A North Fort Myers, FL	2.0	1.0	1080	$1,200	$1.11	3d	1	0.95mi
15493 Admiralty Cir #5 North Fort Myers, FL	2.0	2.0	1146	$2,400	$2.09	24d	1	1.00mi
69 E Mariana Ave Unit B North Fort Myers, FL	3.0	1.0	1000	$1,795	$1.79	3d	1	1.05mi
226 Lamplighter Ln North Fort Myers, FL	2.0	1.0	900	$899	$1.00	24d	1	1.08mi
106 Gaslight Ave North Fort Myers, FL	2.0	2.0	1056	$1,400	$1.33	3d	1	1.11mi
280 Flame Ln North Fort Myers, FL	2.0	2.0	980	$1,350	$1.38	3d	1	1.13mi
7306 Coon Rd North Fort Myers, FL	2.0	1.0	1000	$1,300	$1.30	12d	1	1.14mi
112 Crescent Lake Dr North Fort Myers, FL	2.0	1.0	980	$1,700	$1.73	24d	1	1.17mi
15121 Piping Plover Ct #101 North Fort Myers, FL	3.0	2.5	1583	$1,675	$1.06	24d	1	1.20mi
21 Crescent Lake Dr Unit 21 North Fort Myers, FL	2.0	1.0	900	$1,550	$1.72	24d	1	1.21mi
15121 Piping Plover Ct North Fort Myers, FL	3.0	2.5	1583	$1,675	$1.06	19d	1	1.22mi
20 Estate Dr North Fort Myers, FL	2.0	2.0	1644	$2,500	$1.52	3d	1	1.27mi
15120 Caspian Tern Ct #105 North Fort Myers, FL	3.0	2.5	1583	$1,695	$1.07	2d	1	1.28mi
15120 Caspian Tern Ct North Fort Myers, FL	3.0	2.5	1583	$1,600	$1.01	16d	1	1.29mi
6391 Brant Bay Blvd #101 North Fort Myers, FL	3.0	2.5	1583	$1,700	$1.07	24d	1	1.31mi
6391 Brant Bay Blvd Unit 102 North Fort Myers, FL	3.0	2.5	1502	$1,595	$1.06	3d	1	1.31mi
15100 Caspian Tern Ct North Fort Myers, FL	2.0	2.5	1365	$1,595	$1.17	24d	1	1.32mi
1526 Wood Rd North Fort Myers, FL	1.0	1.0	912	$1,500	$1.64	3d	1	1.34mi
15011 Caspian Tern Ct #101 North Fort Myers, FL	3.0	2.5	1583	$1,725	$1.09	3d	1	1.34mi
947 Strongbox Ln North Fort Myers, FL	2.0	2.0	1000	$1,300	$1.30	24d	1	1.36mi
15010 Caspian Tern Ct North Fort Myers, FL	3.0	2.5	1583	$1,850	$1.17	24d	1	1.36mi
15020 Caspian Tern Ct Unit 103 North Fort Myers, FL	2.0	2.5	1286	$1,600	$1.24	24d	1	1.37mi
15070 Caspian Tern Ct Unit 105 North Fort Myers, FL	3.0	2.5	1583	$1,750	$1.11	3d	1	1.37mi
2500 Gail Helen Ct North Fort Myers, FL	3.0	2.0	1296	$1,500	$1.16	24d	1	1.39mi

HOA detail condo

• Monthly dues: $423 · $5,076/yr
• Likely covers: waterpoolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-17
   days on market $55,900 Active 274 DOM
2. 2026-06-16
   days on market $55,900 Active 273 DOM
3. 2026-06-16
   days on market $55,900 Active 272 DOM
4. 2026-06-13
   days on market $55,900 Active 270 DOM
5. 2026-06-09
   days on market $55,900 Active 266 DOM
6. 2026-06-07
   days on market $55,900 Active 264 DOM
7. 2026-06-02
   days on market $55,900 Active 259 DOM
8. 2026-06-01
   days on market $55,900 Active 258 DOM
9. 2026-06-01
   days on market $55,900 Active 257 DOM
10. 2026-02-25
    price $55,900

    Show marketing remark (1210 chars)

    Excellent investment opportunity in this corner-lot home located in a premier 55+ Gulf-access, riverfront co-op community - SHARE INCLUDED! Property features 2 bedrooms, FLEX Room/Den and 2 bathrooms, Large owners suite with walk in closet. While the property sustained damage from Hurricane Ian, it has been remediated and cleared out. Other key upgrades include updated PVC plumbing, Miami Dade-rated windows & doors, Hardie Board exterior over Tyvek insulation & 5/8 inch sheathing plywood, a screened lanai, and 2 oversized driveways with parking for 4+ cars and enclosed utility shed. This resident-owned community is designed for the active Florida lifestyle. Enjoy two pools, hot tub, fitness center, tennis, pickleball, bocce, shuffleboard, and basketball courts. Spend evenings watching sunsets at Palm Point Park’s 9-acre waterfront preserve, or take advantage of the 81-slip marina with boat & kayak launch for direct Gulf access through Lighthouse Marina. Whether you’re an investor ready to renovate or a buyer seeking an affordable entry into Southwest Florida waterfront living, this home offers both potential and lifestyle. SOLD AS IS, CASH ONLY. No pets allowed.

11. 2026-02-25
    price $55,900 1210-char remark

    Show marketing remark (1210 chars)

    Excellent investment opportunity in this corner-lot home located in a premier 55+ Gulf-access, riverfront co-op community - SHARE INCLUDED! Property features 2 bedrooms, FLEX Room/Den and 2 bathrooms, Large owners suite with walk in closet. While the property sustained damage from Hurricane Ian, it has been remediated and cleared out. Other key upgrades include updated PVC plumbing, Miami Dade-rated windows & doors, Hardie Board exterior over Tyvek insulation & 5/8 inch sheathing plywood, a screened lanai, and 2 oversized driveways with parking for 4+ cars and enclosed utility shed. This resident-owned community is designed for the active Florida lifestyle. Enjoy two pools, hot tub, fitness center, tennis, pickleball, bocce, shuffleboard, and basketball courts. Spend evenings watching sunsets at Palm Point Park’s 9-acre waterfront preserve, or take advantage of the 81-slip marina with boat & kayak launch for direct Gulf access through Lighthouse Marina. Whether you’re an investor ready to renovate or a buyer seeking an affordable entry into Southwest Florida waterfront living, this home offers both potential and lifestyle. SOLD AS IS, CASH ONLY. No pets allowed.

12. 2026-01-15
    price $69,900

    Show marketing remark (1210 chars)

    Excellent investment opportunity in this corner-lot home located in a premier 55+ Gulf-access, riverfront co-op community - SHARE INCLUDED! Property features 2 bedrooms, FLEX Room/Den and 2 bathrooms, Large owners suite with walk in closet. While the property sustained damage from Hurricane Ian, it has been remediated and cleared out. Other key upgrades include updated PVC plumbing, Miami Dade-rated windows & doors, Hardie Board exterior over Tyvek insulation & 5/8 inch sheathing plywood, a screened lanai, and 2 oversized driveways with parking for 4+ cars and enclosed utility shed. This resident-owned community is designed for the active Florida lifestyle. Enjoy two pools, hot tub, fitness center, tennis, pickleball, bocce, shuffleboard, and basketball courts. Spend evenings watching sunsets at Palm Point Park’s 9-acre waterfront preserve, or take advantage of the 81-slip marina with boat & kayak launch for direct Gulf access through Lighthouse Marina. Whether you’re an investor ready to renovate or a buyer seeking an affordable entry into Southwest Florida waterfront living, this home offers both potential and lifestyle. SOLD AS IS, CASH ONLY. No pets allowed.

13. 2026-01-15
    price $69,900 1210-char remark

    Show marketing remark (1210 chars)

    Excellent investment opportunity in this corner-lot home located in a premier 55+ Gulf-access, riverfront co-op community - SHARE INCLUDED! Property features 2 bedrooms, FLEX Room/Den and 2 bathrooms, Large owners suite with walk in closet. While the property sustained damage from Hurricane Ian, it has been remediated and cleared out. Other key upgrades include updated PVC plumbing, Miami Dade-rated windows & doors, Hardie Board exterior over Tyvek insulation & 5/8 inch sheathing plywood, a screened lanai, and 2 oversized driveways with parking for 4+ cars and enclosed utility shed. This resident-owned community is designed for the active Florida lifestyle. Enjoy two pools, hot tub, fitness center, tennis, pickleball, bocce, shuffleboard, and basketball courts. Spend evenings watching sunsets at Palm Point Park’s 9-acre waterfront preserve, or take advantage of the 81-slip marina with boat & kayak launch for direct Gulf access through Lighthouse Marina. Whether you’re an investor ready to renovate or a buyer seeking an affordable entry into Southwest Florida waterfront living, this home offers both potential and lifestyle. SOLD AS IS, CASH ONLY. No pets allowed.

14. 2026-01-06
    price $79,900

    Show marketing remark (1210 chars)

    Excellent investment opportunity in this corner-lot home located in a premier 55+ Gulf-access, riverfront co-op community - SHARE INCLUDED! Property features 2 bedrooms, FLEX Room/Den and 2 bathrooms, Large owners suite with walk in closet. While the property sustained damage from Hurricane Ian, it has been remediated and cleared out. Other key upgrades include updated PVC plumbing, Miami Dade-rated windows & doors, Hardie Board exterior over Tyvek insulation & 5/8 inch sheathing plywood, a screened lanai, and 2 oversized driveways with parking for 4+ cars and enclosed utility shed. This resident-owned community is designed for the active Florida lifestyle. Enjoy two pools, hot tub, fitness center, tennis, pickleball, bocce, shuffleboard, and basketball courts. Spend evenings watching sunsets at Palm Point Park’s 9-acre waterfront preserve, or take advantage of the 81-slip marina with boat & kayak launch for direct Gulf access through Lighthouse Marina. Whether you’re an investor ready to renovate or a buyer seeking an affordable entry into Southwest Florida waterfront living, this home offers both potential and lifestyle. SOLD AS IS, CASH ONLY. No pets allowed.

15. 2026-01-06
    price $79,900 1210-char remark

    Show marketing remark (1210 chars)

    Excellent investment opportunity in this corner-lot home located in a premier 55+ Gulf-access, riverfront co-op community - SHARE INCLUDED! Property features 2 bedrooms, FLEX Room/Den and 2 bathrooms, Large owners suite with walk in closet. While the property sustained damage from Hurricane Ian, it has been remediated and cleared out. Other key upgrades include updated PVC plumbing, Miami Dade-rated windows & doors, Hardie Board exterior over Tyvek insulation & 5/8 inch sheathing plywood, a screened lanai, and 2 oversized driveways with parking for 4+ cars and enclosed utility shed. This resident-owned community is designed for the active Florida lifestyle. Enjoy two pools, hot tub, fitness center, tennis, pickleball, bocce, shuffleboard, and basketball courts. Spend evenings watching sunsets at Palm Point Park’s 9-acre waterfront preserve, or take advantage of the 81-slip marina with boat & kayak launch for direct Gulf access through Lighthouse Marina. Whether you’re an investor ready to renovate or a buyer seeking an affordable entry into Southwest Florida waterfront living, this home offers both potential and lifestyle. SOLD AS IS, CASH ONLY. No pets allowed.

16. 2026-01-06
    price $72,900

    Show marketing remark (1210 chars)

    Excellent investment opportunity in this corner-lot home located in a premier 55+ Gulf-access, riverfront co-op community - SHARE INCLUDED! Property features 2 bedrooms, FLEX Room/Den and 2 bathrooms, Large owners suite with walk in closet. While the property sustained damage from Hurricane Ian, it has been remediated and cleared out. Other key upgrades include updated PVC plumbing, Miami Dade-rated windows & doors, Hardie Board exterior over Tyvek insulation & 5/8 inch sheathing plywood, a screened lanai, and 2 oversized driveways with parking for 4+ cars and enclosed utility shed. This resident-owned community is designed for the active Florida lifestyle. Enjoy two pools, hot tub, fitness center, tennis, pickleball, bocce, shuffleboard, and basketball courts. Spend evenings watching sunsets at Palm Point Park’s 9-acre waterfront preserve, or take advantage of the 81-slip marina with boat & kayak launch for direct Gulf access through Lighthouse Marina. Whether you’re an investor ready to renovate or a buyer seeking an affordable entry into Southwest Florida waterfront living, this home offers both potential and lifestyle. SOLD AS IS, CASH ONLY. No pets allowed.

17. 2026-01-06
    price $72,900 1210-char remark

    Show marketing remark (1210 chars)

    Excellent investment opportunity in this corner-lot home located in a premier 55+ Gulf-access, riverfront co-op community - SHARE INCLUDED! Property features 2 bedrooms, FLEX Room/Den and 2 bathrooms, Large owners suite with walk in closet. While the property sustained damage from Hurricane Ian, it has been remediated and cleared out. Other key upgrades include updated PVC plumbing, Miami Dade-rated windows & doors, Hardie Board exterior over Tyvek insulation & 5/8 inch sheathing plywood, a screened lanai, and 2 oversized driveways with parking for 4+ cars and enclosed utility shed. This resident-owned community is designed for the active Florida lifestyle. Enjoy two pools, hot tub, fitness center, tennis, pickleball, bocce, shuffleboard, and basketball courts. Spend evenings watching sunsets at Palm Point Park’s 9-acre waterfront preserve, or take advantage of the 81-slip marina with boat & kayak launch for direct Gulf access through Lighthouse Marina. Whether you’re an investor ready to renovate or a buyer seeking an affordable entry into Southwest Florida waterfront living, this home offers both potential and lifestyle. SOLD AS IS, CASH ONLY. No pets allowed.

18. 2025-10-06
    price $79,900
19. 2025-10-03
    price $79,900 1210-char remark

    Show marketing remark (1210 chars)

    Excellent investment opportunity in this corner-lot home located in a premier 55+ Gulf-access, riverfront co-op community - SHARE INCLUDED! Property features 2 bedrooms, FLEX Room/Den and 2 bathrooms, Large owners suite with walk in closet. While the property sustained damage from Hurricane Ian, it has been remediated and cleared out. Other key upgrades include updated PVC plumbing, Miami Dade-rated windows & doors, Hardie Board exterior over Tyvek insulation & 5/8 inch sheathing plywood, a screened lanai, and 2 oversized driveways with parking for 4+ cars and enclosed utility shed. This resident-owned community is designed for the active Florida lifestyle. Enjoy two pools, hot tub, fitness center, tennis, pickleball, bocce, shuffleboard, and basketball courts. Spend evenings watching sunsets at Palm Point Park’s 9-acre waterfront preserve, or take advantage of the 81-slip marina with boat & kayak launch for direct Gulf access through Lighthouse Marina. Whether you’re an investor ready to renovate or a buyer seeking an affordable entry into Southwest Florida waterfront living, this home offers both potential and lifestyle. SOLD AS IS, CASH ONLY. No pets allowed.

20. 2025-09-16
    listed $89,900 Active
21. 2025-08-29
    listed $89,900 Active 1210-char remark

    Show marketing remark (1210 chars)

    Excellent investment opportunity in this corner-lot home located in a premier 55+ Gulf-access, riverfront co-op community - SHARE INCLUDED! Property features 2 bedrooms, FLEX Room/Den and 2 bathrooms, Large owners suite with walk in closet. While the property sustained damage from Hurricane Ian, it has been remediated and cleared out. Other key upgrades include updated PVC plumbing, Miami Dade-rated windows & doors, Hardie Board exterior over Tyvek insulation & 5/8 inch sheathing plywood, a screened lanai, and 2 oversized driveways with parking for 4+ cars and enclosed utility shed. This resident-owned community is designed for the active Florida lifestyle. Enjoy two pools, hot tub, fitness center, tennis, pickleball, bocce, shuffleboard, and basketball courts. Spend evenings watching sunsets at Palm Point Park’s 9-acre waterfront preserve, or take advantage of the 81-slip marina with boat & kayak launch for direct Gulf access through Lighthouse Marina. Whether you’re an investor ready to renovate or a buyer seeking an affordable entry into Southwest Florida waterfront living, this home offers both potential and lifestyle. SOLD AS IS, CASH ONLY. No pets allowed.

22. 2002-07-19
    soldstatus $30,000,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $457 · $38/mo
• Projected year-2 tax: $464 · $39/mo
• Expected delta: +$7/yr (+$1/mo · 1.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone AE · 85% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 29 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,690
• − Mortgage interest: −$3,131
• − Property taxes: −$457
• − Insurance: −$5,398
• − Repairs & maintenance: −$1,575
• − Management: −$1,575
• − HOA: −$5,076
• − Depreciation: −$1,626
• Taxable income: $851
• Est. tax owed @ 24.0%: −$204
• After-tax cash flow: $902/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Lee
• NCES district ID: 1201080
• Math proficiency: 47% ▼ -11.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $49,518
• Composite: 41.49/100
• National rank: #3458
• State rank: #42 of 73 in FL

Livability — North Fort Myers

• Score: 74/100
• State rank: #269
• US rank: #4409

Category grades

Amenities F Commute F Cost of living A+ Crime C Employment C- Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Fort Myers, FL
• County: Lee County · 788,662 people
• City population: 57,035
• Metro: Cape Coral-Fort Myers, FL
• Population (ZIP): 33,380
• Household income: $55,000
• Rent vs Own: 16.3% rent · 83.7% own
• Severe rent burden: 775.0

Population outlook (Lee County) Hauer SSP2

• Today (2025): 871,946 people
• By 2030: 955,468 · +9.6%
• By 2040: 1,113,587 · +27.7%
• By 2050: 1,256,891 · +44.1%
• By 2075: 1,560,270 · +78.9%
• By 2100: 1,726,848 · +98.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Hispanic / Latino 10% Two or more races 7% Asian 1% Black 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1% Cuban 3%
• Common ancestry: Lithuanian 3% Romanian 3% Slovak 2%
• Foreign-born: 10% · Canada
• Languages at home: 88% English-only · Spanish 9% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Lee

• 2024 margin: Strong R (+28.4) · D 35.5% · R 63.9%
• 2008→2024 swing: -18.0pp toward R · 2008: -10.4pp · 2024: -28.4pp
• All cycles: 2024: R+28.4 2020: R+19.2 2016: R+20.4 2012: R+16.6 2008: R+10.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -122.28%
• Current HPI: 282.2895
• Rent YoY: ▲ 2.63%
• Metro: Cape Coral-Fort Myers, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-99.8% since first listed

13 events — show timeline

• 2026-02-25 Price Changed $55,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-25 Price Changed $55,900 FORTMLS
• 2026-01-15 Price Changed $69,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-15 Price Changed $69,900 FORTMLS
• 2026-01-06 Price Changed $79,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-06 Price Changed $79,900 FORTMLS
• 2026-01-06 Price Changed $72,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-06 Price Changed $72,900 FORTMLS
• 2025-10-06 Price Changed $79,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-03 Price Changed $79,900 FORTMLS
• 2025-09-16 Listed $89,900 Stellar MLS as Distributed by MLS Grid
• 2025-08-29 Listed $89,900 FORTMLS
• 2002-07-19 Sold (Public Records) $30,000,000 Public Records

Property tax history

+2.1%/yr

Latest (2025): $457 · -32.1% YoY. Source: county tax records.