21232 Waymouth Run · Estero, FL 33928

$424,900

3 bd · 2.0 ba · 1,575 sqft · SingleFamily public records · 50 Days on market

Built 1999 9,038 sqft lot Est $455k · 7% under $235/mo HOA · 6% of rent

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Why this score? — see what drove the C- 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 +17.6/30.0
• ARV discount +10.5/15.0
• DSCR +5.5/10.0
• 1% rule +4.9/10.0
• Schools +4.1/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

SINGLE FAMILY HOME LOCATED IN STONEYBROOK OF ESTERO. OFFERING 3 BEDROOMS, 2 BATHROOMS, GREAT ROOM, EAT-IN KITCHEN AREA, LAUNDRY ROOM, ATTACHED TWO CAR GARAGE AND SCREENED LANAI. TILE FLOORING IN LIVING ROOM, DINING, MASTER BEDROOM AND NEW CARPET INSTALLED IN GUEST BEDROOMS. FRESH INTERIOR PAINT THROUGHOUT ALONG WITH A BRAND NEW ROOF!! GREAT LOCATION WITH EASY ACCESS TO MIROMAR OUTLETS, SW FL INTERNATIONAL AIRPORT, SHOPPING, DINING AND NAPLES! THIS IS A FANNIE MAE HOMEPATH PROPERTY.

Key facts

• Newer roof
• Newer a c system
• 9,038 sq ft lot

Tags

• LAKE AND GOLF COURSE VIEWS
• NEWER A C SYSTEM
• NEWER ROOF
• NEWER HOT WATER HEATER
• NEWLY INSTALLED SCREENED LANAI
• SERENE WATER AND FAIRWAY VIEWS

Property features AI

Finance

• Financial info: Pets allowed conditionally (call; no aggressive breeds)
• HOA & community: Homeowners association with quarterly fee; Association fee includes cable TV, internet, pest control, street lights and security; Community amenities include clubhouse, fitness center, pool, spa/hot tub, tennis courts, pickleball, bocce court, basketball court, playground, sport court, sidewalks, trails, barbecue/picnic area, library, business center and management; Gated community with golf and street lights

Exterior

• Parking: Attached 2-car garage; Driveway; Paved; Garage door opener
• Security: Security gate; Gated community; Smoke detector(s)
• Utilities: Public water; Public sewer; Cable available; Reclaimed water irrigation
• Home design: Single-story; Entry level 1; Resale property; Faces southwest
• Construction: Block, concrete and stucco construction; Shingle roof
• Exterior features: Lanai; Porch; Screened porch; Community pool; Corner lot; Irregular lot; Northeast exposure; Has view

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator; Freezer; Disposal; Kitchen island; Breakfast bar; Pantry
• Bedrooms: Main level primary
• Flooring: Tile; Vinyl
• Bathrooms: 2 full bathrooms; Dual sinks; Separate shower; Shower only
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fan(s)
• Interior features: Breakfast bar; Built-in features; Closet cabinetry; Dual sinks; French door(s)/atrium door(s); Kitchen island; Living/dining room; Main level primary; Pantry; See remarks; Shower only; Separate shower; Cable TV; Vaulted ceilings; Bar; Split bedrooms; Display window(s); Shutters; French doors
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $425k.

Deal economics

• At list price, monthly cash flow is $332 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $420k (1.0% below list).
• Recommended offer: $412k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.2% vs local median 3.4% in Estero — 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 79/100 on livability (#149 in FL, #2,242 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living D-.
• 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 soft (-1.4%/yr); 668 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); solid renter incomes; 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
• At $4,205/mo this rent would consume 49% of the median local household income ($103k/yr) (locally 606% 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 $3k of loan paydown is wiped out by about $13k 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 50 days — a 3% lower offer ($412k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 14y ago; this cycle's ask has dropped $50k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $265k; list at $425k implies a 60% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 5→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $412,153 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
6. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
7. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
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 for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.99% ✗
• Cap rate: 7.23%
• Cash-on-cash: 3.35%
• DSCR: 1.15
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $455,175
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
21216 Waymouth Run	0.03mi	4/2.0 (+1)	1,713 (+9%)	15mo	$490,000	$286	66
21441 Knighton Run	0.29mi	2/2.0 (-1)	1,369 (-13%)	7mo	$450,000	$329	54
21509 Knighton Run	0.40mi	2/2.0 (-1)	1,364 (-13%)	3mo	$350,000	$257	52
21592 Berwhich Run	0.74mi	3/2.0	1,663 (+6%)	6mo	$525,000	$316	51
21502 Knighton Run	0.42mi	2/2.0 (-1)	1,365 (-13%)	15mo	$395,000	$289	41
21488 Knighton Run	0.40mi	2/2.0 (-1)	1,365 (-13%)	22mo	$380,000	$278	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -14.5%
• Equity multiple: 0.50×
• Total profit: $-59,942
• Equity at exit: $63,354

10-year hold

• IRR: -11.8%
• Equity multiple: 0.39×
• Total profit: $-72,212
• Equity at exit: $36,738

Cash invested: $118,972 (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 33928

• Rents YoY: -1.4%
• Active inventory: 668
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $4,205 high
• Mortgage (P&I): −$2,228
• Tax from tax record: −$350 /mo · $4,197/yr
• Insurance: −$177
• HOA: −$235
• Vacancy / Maint / Mgmt: −$883
• Net cashflow: $332

Break-even live

Break-even rent $3,785

Max offer price $424,900

Occupancy floor 87%

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: $106,225
• Closing costs: $12,747
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
21311 Lancaster Run #721 Estero, FL	2.0	2.0	1200	$5,499	$4.58	24d	1	0.20mi
21301 Lancaster Run #822 Estero, FL	2.0	2.0	1134	$2,700	$2.38	24d	1	0.20mi
21300 Lancaster Run #926 Estero, FL	2.0	2.0	1360	$2,200	$1.62	10d	1	0.23mi
21361 Lancaster Run #225 Estero, FL	2.0	2.0	1134	$2,000	$1.76	24d	1	0.23mi
21371 Lancaster Run #122 Estero, FL	2.0	2.0	1134	$4,800	$4.23	24d	1	0.25mi
21330 Lancaster Run #1218 Estero, FL	2.0	2.0	1225	$2,500	$2.04	21d	1	0.26mi
21330 Lancaster Run Estero, FL	2.0	2.0	1225	$2,300	$1.88	24d	2	0.26mi
21340 Lancaster Run #1327 Estero, FL	2.0	2.0	1134	$2,500	$2.20	24d	1	0.27mi
21350 Lancaster Run Estero, FL	2.0	2.0	1200	$1,822	$1.52	3d	2	0.28mi
20310 Calice Ct #1202 Estero, FL	3.0	2.0	1569	$5,500	$3.51	24d	1	0.29mi
21370 Lancaster Run #1622 Estero, FL	2.0	2.0	1134	$4,500	$3.97	24d	1	0.29mi
20271 Calice Ct #2304 Estero, FL	3.0	2.0	2009	$10,500	$5.23	24d	1	0.31mi
20161 Seagrove St #102 Estero, FL	2.0	2.0	1702	$6,000	$3.53	24d	1	0.38mi
20161 Seagrove St #108 Estero, FL	2.0	2.0	1655	$5,995	$3.62	24d	1	0.38mi
20151 Seagrove St #206 Estero, FL	2.0	2.0	1735	$6,000	$3.46	24d	1	0.41mi
20150 Seagrove St #2701 Estero, FL	3.0	2.5	1856	$2,895	$1.56	16d	1	0.42mi
20240 Burnside Pl #1603 Estero, FL	3.0	2.5	1656	$5,995	$3.62	24d	1	0.52mi
20101 Seagrove St #708 Estero, FL	3.0	2.0	1431	$5,995	$4.19	24d	1	0.54mi
20112 Saraceno Dr Estero, FL	3.0	2.0	2107	$10,750	$5.10	24d	1	0.64mi
21489 Sheridan Run Estero, FL	3.0	2.0	1645	$10,000	$6.08	24d	1	0.65mi
19520 Highland Oaks Dr Estero, FL	3.0	1.0–2.0	977	$2,720	$2.78	2d	18	0.66mi
20051 Seagrove St #1202 Estero, FL	3.0	2.0	1567	$5,995	$3.83	24d	1	0.68mi
20057 Saraceno Dr Estero, FL	3.0	2.0	1848	$7,000	$3.79	24d	1	0.72mi
20099 Seadale Ct Estero, FL	3.0	2.0	2079	$5,500	$2.65	24d	1	0.73mi
20053 Saraceno Dr Estero, FL	3.0	2.0	2045	$8,995	$4.40	24d	1	0.73mi
20083 Seadale Ct Estero, FL	2.0	2.0	1981	$10,500	$5.30	24d	1	0.75mi
20092 Palermo Lake Ct Estero, FL	3.0	2.0	1975	$7,995	$4.05	24d	1	0.83mi
12595 Grandezza Cir Estero, FL	3.0	2.0	1649	$10,500	$6.37	24d	1	0.97mi
21565 Windham Run Estero, FL	3.0	2.0	1947	$3,000	$1.54	24d	1	0.97mi
10445 Corkscrew Commons Dr Estero, FL	1.0–2.0	1.0–2.0	1031	$2,060	$2.00	3d	17	1.12mi
20651 Wildcat Run Dr #101 Estero, FL	3.0	2.0	1624	$3,495	$2.15	24d	1	1.16mi
20623 Fair Oak Ln Estero, FL	3.0	3.0	2135	$3,800	$1.78	24d	1	1.19mi
10707 Pearl Bay Cir Estero, FL	3.0	2.0	1207	$2,600	$2.15	19d	1	1.21mi
20257 Royal Villagio Ct Estero, FL	2.0–3.0	2.0	1364	$2,300	$1.69	3d	2	1.26mi
20257 Royal Villagio Ct #202 Estero, FL	3.0	2.0	1537	$2,300	$1.50	24d	1	1.26mi
20202 Ainsley St Estero, FL	3.0	3.0	2135	$4,200	$1.97	3d	1	1.32mi
20187 Ainsley St Estero, FL	4.0	3.0	2135	$3,500	$1.64	16d	1	1.36mi
10530 Otter Key Ln Estero, FL	2.0	2.0	2062	$2,995	$1.45	3d	1	1.37mi
10101 Villagio Palms Way Estero, FL	3.0	2.0–2.5	1732	$2,550	$1.47	3d	2	1.37mi
10716 Blue Bimini Cir Estero, FL	2.0	2.0	1207	$1,995	$1.65	2d	1	1.38mi

HOA detail

• Monthly dues: $235 · $2,820/yr

Listing history 26 events

1. 2026-05-21
   status Pending
2. 2026-05-11
   price $424,900
3. 2026-04-13
   status Active
4. 2026-04-13
   price $449,900
5. 2026-03-25
   historical
6. 2026-03-13
   listed $475,000 Active
7. 2016-03-10
   price $259,900 486-char remark

   Show marketing remark (486 chars)

   SINGLE FAMILY HOME LOCATED IN STONEYBROOK OF ESTERO. OFFERING 3 BEDROOMS, 2 BATHROOMS, GREAT ROOM, EAT-IN KITCHEN AREA, LAUNDRY ROOM, ATTACHED TWO CAR GARAGE AND SCREENED LANAI. TILE FLOORING IN LIVING ROOM, DINING, MASTER BEDROOM AND NEW CARPET INSTALLED IN GUEST BEDROOMS. FRESH INTERIOR PAINT THROUGHOUT ALONG WITH A BRAND NEW ROOF!! GREAT LOCATION WITH EASY ACCESS TO MIROMAR OUTLETS, SW FL INTERNATIONAL AIRPORT, SHOPPING, DINING AND NAPLES! THIS IS A FANNIE MAE HOMEPATH PROPERTY.

8. 2016-03-04
   soldstatus $265,000 Sold 486-char remark

   Show marketing remark (486 chars)

   SINGLE FAMILY HOME LOCATED IN STONEYBROOK OF ESTERO. OFFERING 3 BEDROOMS, 2 BATHROOMS, GREAT ROOM, EAT-IN KITCHEN AREA, LAUNDRY ROOM, ATTACHED TWO CAR GARAGE AND SCREENED LANAI. TILE FLOORING IN LIVING ROOM, DINING, MASTER BEDROOM AND NEW CARPET INSTALLED IN GUEST BEDROOMS. FRESH INTERIOR PAINT THROUGHOUT ALONG WITH A BRAND NEW ROOF!! GREAT LOCATION WITH EASY ACCESS TO MIROMAR OUTLETS, SW FL INTERNATIONAL AIRPORT, SHOPPING, DINING AND NAPLES! THIS IS A FANNIE MAE HOMEPATH PROPERTY.

9. 2016-01-15
   status Pending 486-char remark

   Show marketing remark (486 chars)

   SINGLE FAMILY HOME LOCATED IN STONEYBROOK OF ESTERO. OFFERING 3 BEDROOMS, 2 BATHROOMS, GREAT ROOM, EAT-IN KITCHEN AREA, LAUNDRY ROOM, ATTACHED TWO CAR GARAGE AND SCREENED LANAI. TILE FLOORING IN LIVING ROOM, DINING, MASTER BEDROOM AND NEW CARPET INSTALLED IN GUEST BEDROOMS. FRESH INTERIOR PAINT THROUGHOUT ALONG WITH A BRAND NEW ROOF!! GREAT LOCATION WITH EASY ACCESS TO MIROMAR OUTLETS, SW FL INTERNATIONAL AIRPORT, SHOPPING, DINING AND NAPLES! THIS IS A FANNIE MAE HOMEPATH PROPERTY.

10. 2016-01-11
    status Active 486-char remark

    Show marketing remark (486 chars)

    SINGLE FAMILY HOME LOCATED IN STONEYBROOK OF ESTERO. OFFERING 3 BEDROOMS, 2 BATHROOMS, GREAT ROOM, EAT-IN KITCHEN AREA, LAUNDRY ROOM, ATTACHED TWO CAR GARAGE AND SCREENED LANAI. TILE FLOORING IN LIVING ROOM, DINING, MASTER BEDROOM AND NEW CARPET INSTALLED IN GUEST BEDROOMS. FRESH INTERIOR PAINT THROUGHOUT ALONG WITH A BRAND NEW ROOF!! GREAT LOCATION WITH EASY ACCESS TO MIROMAR OUTLETS, SW FL INTERNATIONAL AIRPORT, SHOPPING, DINING AND NAPLES! THIS IS A FANNIE MAE HOMEPATH PROPERTY.

11. 2016-01-07
    status Pending 486-char remark

    Show marketing remark (486 chars)

    SINGLE FAMILY HOME LOCATED IN STONEYBROOK OF ESTERO. OFFERING 3 BEDROOMS, 2 BATHROOMS, GREAT ROOM, EAT-IN KITCHEN AREA, LAUNDRY ROOM, ATTACHED TWO CAR GARAGE AND SCREENED LANAI. TILE FLOORING IN LIVING ROOM, DINING, MASTER BEDROOM AND NEW CARPET INSTALLED IN GUEST BEDROOMS. FRESH INTERIOR PAINT THROUGHOUT ALONG WITH A BRAND NEW ROOF!! GREAT LOCATION WITH EASY ACCESS TO MIROMAR OUTLETS, SW FL INTERNATIONAL AIRPORT, SHOPPING, DINING AND NAPLES! THIS IS A FANNIE MAE HOMEPATH PROPERTY.

12. 2015-12-30
    status Active 486-char remark

    Show marketing remark (486 chars)

    SINGLE FAMILY HOME LOCATED IN STONEYBROOK OF ESTERO. OFFERING 3 BEDROOMS, 2 BATHROOMS, GREAT ROOM, EAT-IN KITCHEN AREA, LAUNDRY ROOM, ATTACHED TWO CAR GARAGE AND SCREENED LANAI. TILE FLOORING IN LIVING ROOM, DINING, MASTER BEDROOM AND NEW CARPET INSTALLED IN GUEST BEDROOMS. FRESH INTERIOR PAINT THROUGHOUT ALONG WITH A BRAND NEW ROOF!! GREAT LOCATION WITH EASY ACCESS TO MIROMAR OUTLETS, SW FL INTERNATIONAL AIRPORT, SHOPPING, DINING AND NAPLES! THIS IS A FANNIE MAE HOMEPATH PROPERTY.

13. 2015-10-27
    status Pending 486-char remark

    Show marketing remark (486 chars)

    SINGLE FAMILY HOME LOCATED IN STONEYBROOK OF ESTERO. OFFERING 3 BEDROOMS, 2 BATHROOMS, GREAT ROOM, EAT-IN KITCHEN AREA, LAUNDRY ROOM, ATTACHED TWO CAR GARAGE AND SCREENED LANAI. TILE FLOORING IN LIVING ROOM, DINING, MASTER BEDROOM AND NEW CARPET INSTALLED IN GUEST BEDROOMS. FRESH INTERIOR PAINT THROUGHOUT ALONG WITH A BRAND NEW ROOF!! GREAT LOCATION WITH EASY ACCESS TO MIROMAR OUTLETS, SW FL INTERNATIONAL AIRPORT, SHOPPING, DINING AND NAPLES! THIS IS A FANNIE MAE HOMEPATH PROPERTY.

14. 2015-10-12
    price $265,000 486-char remark

    Show marketing remark (486 chars)

    SINGLE FAMILY HOME LOCATED IN STONEYBROOK OF ESTERO. OFFERING 3 BEDROOMS, 2 BATHROOMS, GREAT ROOM, EAT-IN KITCHEN AREA, LAUNDRY ROOM, ATTACHED TWO CAR GARAGE AND SCREENED LANAI. TILE FLOORING IN LIVING ROOM, DINING, MASTER BEDROOM AND NEW CARPET INSTALLED IN GUEST BEDROOMS. FRESH INTERIOR PAINT THROUGHOUT ALONG WITH A BRAND NEW ROOF!! GREAT LOCATION WITH EASY ACCESS TO MIROMAR OUTLETS, SW FL INTERNATIONAL AIRPORT, SHOPPING, DINING AND NAPLES! THIS IS A FANNIE MAE HOMEPATH PROPERTY.

15. 2015-10-12
    price $259,900 486-char remark

    Show marketing remark (486 chars)

    SINGLE FAMILY HOME LOCATED IN STONEYBROOK OF ESTERO. OFFERING 3 BEDROOMS, 2 BATHROOMS, GREAT ROOM, EAT-IN KITCHEN AREA, LAUNDRY ROOM, ATTACHED TWO CAR GARAGE AND SCREENED LANAI. TILE FLOORING IN LIVING ROOM, DINING, MASTER BEDROOM AND NEW CARPET INSTALLED IN GUEST BEDROOMS. FRESH INTERIOR PAINT THROUGHOUT ALONG WITH A BRAND NEW ROOF!! GREAT LOCATION WITH EASY ACCESS TO MIROMAR OUTLETS, SW FL INTERNATIONAL AIRPORT, SHOPPING, DINING AND NAPLES! THIS IS A FANNIE MAE HOMEPATH PROPERTY.

16. 2015-09-08
    status Active 486-char remark

    Show marketing remark (486 chars)

    SINGLE FAMILY HOME LOCATED IN STONEYBROOK OF ESTERO. OFFERING 3 BEDROOMS, 2 BATHROOMS, GREAT ROOM, EAT-IN KITCHEN AREA, LAUNDRY ROOM, ATTACHED TWO CAR GARAGE AND SCREENED LANAI. TILE FLOORING IN LIVING ROOM, DINING, MASTER BEDROOM AND NEW CARPET INSTALLED IN GUEST BEDROOMS. FRESH INTERIOR PAINT THROUGHOUT ALONG WITH A BRAND NEW ROOF!! GREAT LOCATION WITH EASY ACCESS TO MIROMAR OUTLETS, SW FL INTERNATIONAL AIRPORT, SHOPPING, DINING AND NAPLES! THIS IS A FANNIE MAE HOMEPATH PROPERTY.

17. 2015-09-08
    price $274,900 486-char remark

    Show marketing remark (486 chars)

    SINGLE FAMILY HOME LOCATED IN STONEYBROOK OF ESTERO. OFFERING 3 BEDROOMS, 2 BATHROOMS, GREAT ROOM, EAT-IN KITCHEN AREA, LAUNDRY ROOM, ATTACHED TWO CAR GARAGE AND SCREENED LANAI. TILE FLOORING IN LIVING ROOM, DINING, MASTER BEDROOM AND NEW CARPET INSTALLED IN GUEST BEDROOMS. FRESH INTERIOR PAINT THROUGHOUT ALONG WITH A BRAND NEW ROOF!! GREAT LOCATION WITH EASY ACCESS TO MIROMAR OUTLETS, SW FL INTERNATIONAL AIRPORT, SHOPPING, DINING AND NAPLES! THIS IS A FANNIE MAE HOMEPATH PROPERTY.

18. 2015-07-28
    historical 486-char remark

    Show marketing remark (486 chars)

    SINGLE FAMILY HOME LOCATED IN STONEYBROOK OF ESTERO. OFFERING 3 BEDROOMS, 2 BATHROOMS, GREAT ROOM, EAT-IN KITCHEN AREA, LAUNDRY ROOM, ATTACHED TWO CAR GARAGE AND SCREENED LANAI. TILE FLOORING IN LIVING ROOM, DINING, MASTER BEDROOM AND NEW CARPET INSTALLED IN GUEST BEDROOMS. FRESH INTERIOR PAINT THROUGHOUT ALONG WITH A BRAND NEW ROOF!! GREAT LOCATION WITH EASY ACCESS TO MIROMAR OUTLETS, SW FL INTERNATIONAL AIRPORT, SHOPPING, DINING AND NAPLES! THIS IS A FANNIE MAE HOMEPATH PROPERTY.

19. 2015-04-10
    status Pending 486-char remark

    Show marketing remark (486 chars)

    SINGLE FAMILY HOME LOCATED IN STONEYBROOK OF ESTERO. OFFERING 3 BEDROOMS, 2 BATHROOMS, GREAT ROOM, EAT-IN KITCHEN AREA, LAUNDRY ROOM, ATTACHED TWO CAR GARAGE AND SCREENED LANAI. TILE FLOORING IN LIVING ROOM, DINING, MASTER BEDROOM AND NEW CARPET INSTALLED IN GUEST BEDROOMS. FRESH INTERIOR PAINT THROUGHOUT ALONG WITH A BRAND NEW ROOF!! GREAT LOCATION WITH EASY ACCESS TO MIROMAR OUTLETS, SW FL INTERNATIONAL AIRPORT, SHOPPING, DINING AND NAPLES! THIS IS A FANNIE MAE HOMEPATH PROPERTY.

20. 2015-03-26
    listed $261,900 Active 486-char remark

    Show marketing remark (486 chars)

    SINGLE FAMILY HOME LOCATED IN STONEYBROOK OF ESTERO. OFFERING 3 BEDROOMS, 2 BATHROOMS, GREAT ROOM, EAT-IN KITCHEN AREA, LAUNDRY ROOM, ATTACHED TWO CAR GARAGE AND SCREENED LANAI. TILE FLOORING IN LIVING ROOM, DINING, MASTER BEDROOM AND NEW CARPET INSTALLED IN GUEST BEDROOMS. FRESH INTERIOR PAINT THROUGHOUT ALONG WITH A BRAND NEW ROOF!! GREAT LOCATION WITH EASY ACCESS TO MIROMAR OUTLETS, SW FL INTERNATIONAL AIRPORT, SHOPPING, DINING AND NAPLES! THIS IS A FANNIE MAE HOMEPATH PROPERTY.

21. 2015-03-16
    historical
22. 2015-03-16
    listed $49,900 Active
23. 2013-11-13
    historical
24. 2012-12-08
    listed $190,000
25. 2006-03-24
    soldstatus $375,000
26. 2004-03-23
    soldstatus $221,000

ⓘ 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: $4,197 · $350/mo
• Projected year-2 tax: $4,197 · $350/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 X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 5 d/yr ≥107°F today · 23 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $50,459
• − Mortgage interest: −$23,801
• − Property taxes: −$4,197
• − Insurance: −$2,124
• − Repairs & maintenance: −$4,037
• − Management: −$4,037
• − HOA: −$2,820
• − Depreciation: −$12,361
• Taxable loss: −$2,918
• Est. tax savings @ 24.0%: +$700
• After-tax cash flow: $4,683/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 — Estero

• Score: 79/100
• State rank: #149
• US rank: #2242

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Estero, FL
• County: Lee County · 788,662 people
• City population: 31,926
• Metro: Cape Coral-Fort Myers, FL
• Population (ZIP): 31,926
• Household income: $102,624
• Rent vs Own: 12.6% rent · 87.4% own
• Severe rent burden: 606.0

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 8% Two or more races 7% Asian 3% Black 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 2%
• Foreign-born: 11% · Canada, China, Jamaica
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 1% French/Haitian/Cajun 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: ▼ -109.49%
• Current HPI: 197.5913
• Rent YoY: ▼ -1.42%
• 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

+92.3% since first listed

26 events — show timeline

• 2026-05-21 Pending — FORTMLS
• 2026-05-11 Price Changed $424,900 FORTMLS
• 2026-04-13 Relisted — FORTMLS
• 2026-04-13 Price Changed $449,900 FORTMLS
• 2026-03-25 Listing Removed — FORTMLS
• 2026-03-13 Listed $475,000 FORTMLS
• 2016-03-10 Price Changed $259,900 FORTMLS
• 2016-03-04 Sold (MLS) $265,000 FORTMLS
• 2016-01-15 Pending — FORTMLS
• 2016-01-11 Relisted — FORTMLS
• 2016-01-07 Pending — FORTMLS
• 2015-12-30 Relisted — FORTMLS
• 2015-10-27 Pending — FORTMLS
• 2015-10-12 Price Changed $259,900 FORTMLS
• 2015-10-12 Price Changed $265,000 FORTMLS
• 2015-09-08 Relisted — FORTMLS
• 2015-09-08 Price Changed $274,900 FORTMLS
• 2015-07-28 Listing Removed — FORTMLS
• 2015-04-10 Pending — FORTMLS
• 2015-03-26 Listed $261,900 FORTMLS
• 2015-03-16 Listing Removed — FORTMLS
• 2015-03-16 Listed $49,900 FORTMLS
• 2013-11-13 Listing Removed — NAPLESMLS
• 2012-12-08 Listed $190,000 NAPLESMLS
• 2006-03-24 Sold (Public Records) $375,000 Public Records
• 2004-03-23 Sold (Public Records) $221,000 Public Records

Property tax history

+0.9%/yr

Latest (2025): $4,197 · +2.9% YoY. Source: county tax records.