10117 Colonial Country Club Blvd #2003 · Fort Myers, FL 33913

$279,900

2 bd · 2.0 ba · 1,309 sqft · Condo public records · 131 Days on market

Built 2004 $908/mo HOA · 20% of rent

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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 +25.5/30.0
• 1% rule +10.0/10.0
• DSCR +8.5/10.0
• ARV discount +7.5/15.0
• Livability +4.3/5.0
• Schools +4.1/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

LOVELY LAKE VIEW TO ENJOY from your screened Lanai is this 2nd floor Two Bedroom, Two Bath condo. It is being sold TURNKEY and is tastefully Furnished and Move-In Ready. This home has been lovingly maintained. The Lanai and Master Bedroom have Accordion Hurricane Shutters and there is a NEW AIR CONDITIONER. Just steps to your Neighborhood Pool and BBQ's. Enjoy all the amenities in our friendly Colonial community that include Tennis, Pickle Ball and Bocce Ball, State of the Art Fitness Center, Two community pools, Restaurants with Happy Hours and Entertainment, 18 hole Championship, pay as you play, golf course, putting green, acres of preserve & walking trails and a fun social program for everyone. Colonial is close to I-75, SWFL Int'l Airport, Red Sox and Twins Spring Training Stadiums, Shopping Malls, Restaurants & the Beautiful Beaches of Sanibel & Fort Myers. RELAX & ENJOY THE FLORIDA LIFESTYLE!!

Key facts

• Tranquil lake
• Sun-filled lanai
• Granite countertops

Tags

• SUN-FILLED LANAI
• TRANQUIL LAKE
• CUSTOM LARGE CENTER ISLAND
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• HURRICANE ACCORDIAN SHUTTERS

Property features AI

Finance

• Financial info: Pets allowed with conditions (maximum 2 pets)
• HOA & community: Homeowners association with annual and quarterly fees; Association covers management, cable TV, golf, insurance, internet, irrigation water, grounds maintenance, recreation facilities, sewer, street lights, trash and water; Community amenities include clubhouse, fitness center, golf course, pool, spa/hot tub, bocce, pickleball, tennis, sidewalks, trails, restaurant, business center, library and management services; Community features: golf, gated, tennis courts, street lights

Exterior

• Parking: Assigned covered parking; Detached 2-space carport; Driveway (paved)
• Security: Gated community with security gate and guard; Smoke detectors
• Utilities: Cable available; High speed internet available; Underground utilities; Public water; Public sewer (assessment paid/unpaid details apply)
• Home design: 2-story building; Tile roof; Block, concrete and stucco construction; Entry level: 2; Southwest facing; Has view; Resale property
• Construction: Tile roof; Block, concrete and stucco construction
• Exterior features: Sprinkler/irrigation system (automatic); Outdoor grill; Shutters (manual); Community tennis courts; Lanai / screened porch; Porch (screened); Community pool

Interior

• Kitchen: Dishwasher; Range; Self-cleaning oven; Microwave; Refrigerator; Freezer; Disposal
• Bedrooms: Master bedroom; Additional bedroom(s)
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fans
• Interior features: Breakfast bar; Entrance foyer; Kitchen island; Combined living/dining area; Vaulted ceilings; Window treatments; Cable TV; High speed internet; Split bedroom floorplan; Shower only / separate shower; Casement and single-hung windows; Furnished
• Laundry & utility: Washer hookup inside; Dryer hookup inside; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $280k.

Deal economics

• At list price, monthly cash flow is $228 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $280k).
• Recommended offer: $246k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 3.0% in 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 86/100 on livability (#14 in FL, #383 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+.
• 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 flat; 811 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
• At $4,430/mo this rent would consume 48% of the median local household income ($110k/yr) (locally 276% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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 131 days — a 12% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 14y ago; this cycle's ask has dropped $19k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $158k; list at $280k implies a 77% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; HOA is 20% 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→31/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $246,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 131 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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.
8. 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.
9. 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: 1.58% ✓
• Cap rate: 9.10%
• Cash-on-cash: 10.03%
• DSCR: 1.45
• GRM: 5.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.37% rent growth · sell at horizon

5-year hold

• IRR: -15.4%
• Equity multiple: 0.47×
• Total profit: $-41,346
• Equity at exit: $41,734

10-year hold

• IRR: -16.5%
• Equity multiple: 0.26×
• Total profit: $-58,136
• Equity at exit: $24,201

Cash invested: $78,372 (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 33913

• Home prices YoY: -10.3%
• Rents YoY: 0.4%
• Active inventory: 811
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $4,430 high
• Mortgage (P&I): −$1,468
• Tax from tax record: −$352 /mo · $4,228/yr
• Insurance: −$117
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$908
• Vacancy / Maint / Mgmt: −$930
• Net cashflow: $228

Break-even live

Break-even rent $4,141

Max offer price $279,900

Occupancy floor 90%

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: $69,975
• Closing costs: $8,397
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10121 Colonial Country Club Blvd #1802 Fort Myers, FL	2.0	2.0	1530	$4,800	$3.14	3d	1	0.08mi
10112 Colonial Country Club Blvd #209 Fort Myers, FL	2.0	2.0	1530	$5,000	$3.27	23d	1	0.09mi
10111 Colonial Country Club Blvd #2308 Fort Myers, FL	2.0	2.0	1309	$2,000	$1.53	11d	1	0.10mi
11033 Mill Creek Way #202 Fort Myers, FL	2.0	2.0	1379	$5,400	$3.92	23d	1	0.15mi
11075 Lancewood St Fort Myers, FL	3.0	2.0	1575	$2,300	$1.46	15d	1	0.16mi
11075 Lancewood St Fort Myers, FL	3.0	2.0	1575	$2,300	$1.46	23d	1	0.16mi
10128 Colonial Country Club Blvd #602 Fort Myers, FL	2.0	2.0	1530	$4,600	$3.01	23d	1	0.16mi
11029 Mill Creek Way #405 Fort Myers, FL	2.0	2.0	1749	$2,500	$1.43	23d	1	0.17mi
10130 Colonial Country Club Blvd #707 Fort Myers, FL	2.0	2.0	1116	$4,900	$4.39	23d	1	0.19mi
10020 Horse Creek Rd Fort Myers, FL	2.0	2.0	1692	$2,500	$1.48	23d	1	0.20mi
11012 Mill Creek Way #2205 Fort Myers, FL	2.0	2.0	1749	$5,500	$3.14	23d	1	0.30mi
10280 Crepe Jasmine Ln Unit 1546286P Fort Myers, FL	3.0	2.0	1571	$4,526	$2.88	15d	1	0.32mi
11011 Mill Creek Way #1307 Fort Myers, FL	2.0	2.0	1379	$5,000	$3.63	23d	1	0.34mi
10602 Camarelle Cir Fort Myers, FL	2.0	2.0	1690	$5,500	$3.25	23d	1	0.36mi
11041 Iron Horse Way Fort Myers, FL	2.0	2.0	1692	$4,000	$2.36	23d	1	0.39mi
9918 Horse Creek Rd Fort Myers, FL	3.0	2.0	1510	$2,200	$1.46	23d	1	0.49mi
9667 Hemingway Ln Unit 3107 Fort Myers, FL	2.0	2.0	1209	$4,900	$4.05	23d	1	0.51mi
9661 Hemingway Ln #3207 Fort Myers, FL	2.0	2.0	1300	$3,900	$3.00	3d	1	0.53mi
9639 Hemingway Ln #3505 Fort Myers, FL	2.0	2.0	1234	$4,800	$3.89	23d	1	0.56mi
10514 Bella Vista Dr Fort Myers, FL	3.0	2.0	1823	$6,500	$3.57	23d	1	0.60mi
10700 Palazzo Way #201 Fort Myers, FL	2.0	2.0	1390	$5,000	$3.60	21d	1	0.65mi
10711 Palazzo Way Fort Myers, FL	2.0	2.0	1257	$3,900	$3.10	15d	2	0.67mi
10711 Palazzo Way Unit 203 Fort Myers, FL	2.0	2.0	1257	$5,300	$4.22	21d	1	0.67mi
9582 Hemingway Ln #3402 Fort Myers, FL	2.0	2.0	1382	$5,500	$3.98	23d	1	0.71mi
9582 Hemingway Ln #3403 Fort Myers, FL	2.0	2.0	1385	$5,400	$3.90	14d	1	0.71mi
9582 Hemingway Ln #3403 Fort Myers, FL	2.0	2.0	1385	$5,400	$3.90	23d	1	0.71mi
10518 Avila Cir Fort Myers, FL	2.0	2.0	1466	$6,500	$4.43	23d	1	0.71mi
10518 Avila Cir Fort Myers, FL	2.0	2.0	1466	$6,500	$4.43	3d	1	0.71mi
10751 Palazzo Way #103 Fort Myers, FL	2.0	2.0	1235	$5,000	$4.05	23d	1	0.71mi
10535 Carolina Willow Dr Fort Myers, FL	3.0	2.0	1290	$2,300	$1.78	21d	1	0.73mi
10053 Majestic Ave Fort Myers, FL	2.0	2.0	1692	$7,400	$4.37	23d	1	0.78mi
10063 Majestic Ave Fort Myers, FL	2.0	2.0	1692	$7,100	$4.20	23d	1	0.79mi
10791 Palazzo Way #301 Fort Myers, FL	2.0	2.0	1390	$5,300	$3.81	23d	1	0.83mi
11230 Suffield St Fort Myers, FL	2.0	2.0	1560	$8,500	$5.45	23d	1	0.88mi
10820 Palazzo Way #203 Fort Myers, FL	2.0	2.0	1235	$5,400	$4.37	23d	1	0.91mi
11280 Reflection Isles Blvd Fort Myers, FL	3.0	2.0	1670	$3,500	$2.10	23d	1	0.98mi
10018 Oakhurst Way Fort Myers, FL	3.0	2.0	1512	$2,975	$1.97	23d	1	1.02mi
10879 Rutherford Rd Fort Myers, FL	2.0	2.0	1566	$3,500	$2.23	23d	1	1.04mi
12016 Five Waters Cir Fort Myers, FL	3.0	2.0	1646	$4,500	$2.73	23d	1	1.05mi
10700 Cetrella Dr Fort Myers, FL	2.0	2.0	1227	$3,500	$2.85	23d	1	1.05mi

HOA detail condo

• Monthly dues: $908 · $10,896/yr
• Likely covers: poolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 16 events

1. 2026-06-01
   days on market $279,900 Active 131 DOM
2. 2026-06-01
   days on market $279,900 Active 130 DOM
3. 2026-04-13
   price $279,900
4. 2026-02-18
   price $284,900
5. 2026-01-16
   listed $299,000 Active
6. 2025-05-01
   historical
7. 2025-01-23
   listed $309,900 Active
8. 2020-03-19
   soldstatus $158,000
9. 2020-03-16
   soldstatus $158,000 Closed 937-char remark

   Show marketing remark (937 chars)

   LOVELY LAKE VIEW TO ENJOY from your screened Lanai is this 2nd floor Two Bedroom, Two Bath condo. It is being sold TURNKEY and is tastefully Furnished and Move-In Ready. This home has been lovingly maintained. The Lanai and Master Bedroom have Accordion Hurricane Shutters and there is a NEW AIR CONDITIONER. Just steps to your Neighborhood Pool and BBQ's. Enjoy all the amenities in our friendly Colonial community that include Tennis, Pickle Ball and Bocce Ball, State of the Art Fitness Center, Two community pools, Restaurants with Happy Hours and Entertainment, 18 hole Championship, pay as you play, golf course, putting green, acres of preserve & walking trails and a fun social program for everyone. Colonial is close to I-75, SWFL Int'l Airport, Red Sox and Twins Spring Training Stadiums, Shopping Malls, Restaurants & the Beautiful Beaches of Sanibel & Fort Myers. RELAX & ENJOY THE FLORIDA LIFESTYLE!!

10. 2020-02-03
    status Pending 937-char remark

    Show marketing remark (937 chars)

    LOVELY LAKE VIEW TO ENJOY from your screened Lanai is this 2nd floor Two Bedroom, Two Bath condo. It is being sold TURNKEY and is tastefully Furnished and Move-In Ready. This home has been lovingly maintained. The Lanai and Master Bedroom have Accordion Hurricane Shutters and there is a NEW AIR CONDITIONER. Just steps to your Neighborhood Pool and BBQ's. Enjoy all the amenities in our friendly Colonial community that include Tennis, Pickle Ball and Bocce Ball, State of the Art Fitness Center, Two community pools, Restaurants with Happy Hours and Entertainment, 18 hole Championship, pay as you play, golf course, putting green, acres of preserve & walking trails and a fun social program for everyone. Colonial is close to I-75, SWFL Int'l Airport, Red Sox and Twins Spring Training Stadiums, Shopping Malls, Restaurants & the Beautiful Beaches of Sanibel & Fort Myers. RELAX & ENJOY THE FLORIDA LIFESTYLE!!

11. 2019-12-09
    listed $164,900 Active 937-char remark

    Show marketing remark (937 chars)

    LOVELY LAKE VIEW TO ENJOY from your screened Lanai is this 2nd floor Two Bedroom, Two Bath condo. It is being sold TURNKEY and is tastefully Furnished and Move-In Ready. This home has been lovingly maintained. The Lanai and Master Bedroom have Accordion Hurricane Shutters and there is a NEW AIR CONDITIONER. Just steps to your Neighborhood Pool and BBQ's. Enjoy all the amenities in our friendly Colonial community that include Tennis, Pickle Ball and Bocce Ball, State of the Art Fitness Center, Two community pools, Restaurants with Happy Hours and Entertainment, 18 hole Championship, pay as you play, golf course, putting green, acres of preserve & walking trails and a fun social program for everyone. Colonial is close to I-75, SWFL Int'l Airport, Red Sox and Twins Spring Training Stadiums, Shopping Malls, Restaurants & the Beautiful Beaches of Sanibel & Fort Myers. RELAX & ENJOY THE FLORIDA LIFESTYLE!!

12. 2015-03-02
    price $122,900
13. 2013-07-03
    soldstatus $120,000
14. 2013-06-28
    soldstatus $125,000
15. 2013-03-21
    historical
16. 2012-10-10
    listed $122,500

ⓘ 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: $4,228 · $352/mo
• Projected year-2 tax: $4,228 · $352/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone AE · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 31 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: $53,160
• − Mortgage interest: −$15,679
• − Property taxes: −$4,228
• − Insurance: −$6,518
• − Repairs & maintenance: −$4,253
• − Management: −$4,253
• − HOA: −$10,896
• − Depreciation: −$8,143
• Taxable loss: −$809
• Est. tax savings @ 24.0%: +$194
• After-tax cash flow: $2,934/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 — Fort Myers

• Score: 86/100
• State rank: #14
• US rank: #383

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Myers, FL
• County: Lee County · 788,662 people
• City population: 278,598
• Metro: Cape Coral-Fort Myers, FL
• Population (ZIP): 31,538
• Household income: $110,373
• Rent vs Own: 9.5% rent · 90.5% own
• Severe rent burden: 276.0

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 (74%)
• Race & ethnicity: White 74% Hispanic / Latino 13% Two or more races 11% Black 5% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3% Cuban 2%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 2%
• Foreign-born: 14% · Canada, Vietnam, China
• Languages at home: 84% English-only · Spanish 10% Other Indo-European 2% French/Haitian/Cajun 2%

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: ▼ -25.45%
• Current HPI: 221.7115
• Rent YoY: ▲ 0.37%
• 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

+128.5% since first listed

14 events — show timeline

• 2026-04-13 Price Changed $279,900 FORTMLS
• 2026-02-18 Price Changed $284,900 FORTMLS
• 2026-01-16 Listed $299,000 FORTMLS
• 2025-05-01 Listing Removed — FORTMLS
• 2025-01-23 Listed $309,900 FORTMLS
• 2020-03-19 Sold (Public Records) $158,000 Public Records
• 2020-03-16 Sold (MLS) $158,000 FORTMLS
• 2020-02-03 Pending — FORTMLS
• 2019-12-09 Listed $164,900 FORTMLS
• 2015-03-02 Price Changed $122,900 FORTMLS
• 2013-07-03 Sold (Public Records) $120,000 Public Records
• 2013-06-28 Sold (MLS) $125,000 FORTMLS
• 2013-03-21 Listing Removed — FORTMLS
• 2012-10-10 Listed $122,500 FORTMLS

Property tax history

+2.9%/yr

Latest (2025): $4,228 · +1.5% YoY. Source: county tax records.