5530 Estero Blvd # 370, FORT MYERS BEACH Property Listing: MLS® #219051507

5530 Estero Blvd # 370

$389,500
$2,073/m

Estimate Your Monthly Payment

Loan Amount: financing_price
Estimated Payment (30 Year Fixed Loan): 2073
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  • 1 Bed
  • 1 Bath
  • 429 Sqft
  • 1970 Year
  • Yes Pool
  • Yes Waterfront
  • - Acres
  • 46 DOM

About This Property

It doesn't get any better than this! DIRECT GULF FRONT penthouse corner unit with views from Naples to Sanibel. This unit is currently being fully remodeled and current owner has paid the entire assessment in full. 1br efficiency unit has kitchen, dining and sitting areas and a king bedroom. Onsite rental program allows owners up to 8 WEEKS of free use (more at low cost) and with owner use this is still a cash cow! Gross income 2016-2018 was $57,834, $57,822 and $54,595 with $39,315 already in 2019 through June (SEE SUPPLEMENT). Net income, after all expenses and taxes, for 2016-2018 was $21,856, $20,821 and $22,941 making this a 6+% return on investment with your enjoyment of the unit free! This corner unit has an extra window with views to Sanibel and incredible sunsets and dolphins every night! Full-time management on site is the best on the beach - incredible unit management/oversight. Newly remodeled units - great potential for further income growth. At this price, this unit will not last long, and owner is motivated to sell now (retired and relocating). Two pools (family pool and adults only pool!), onsite laundry, grill stations and more!

Call or text Ryan Schwartz at 239.500.8000

General Information

  • MLS® #: 219051507
  • Price: $389,500
  • Days on Market: 46
  • Address: 5530 Estero Blvd # 370
  • County: Lee
  • Year Built: 1970
  • Type: Residential
  • Bedrooms: 1
  • Bathrooms: 1.00
  • Full Baths: 1
  • Square Footage: 429
  • Square Footage: 0.00
  • Acres: 0.00
  • # of Stories: 3
  • View: Gulf
  • Is Waterfront: Yes
  • Has Pool: Yes
  • Pool: Community
  • Sub-Type: Condominium
  • Style: Low Rise
  • Status: Active

Waterfront

Beach Front, Gulf, Beach Access

Area

FB04 - Avenida Pescadora to S.Bd

Amenities

  • Amenities: Bike Storage
  • Utilities: High Speed Internet Available
  • Features: Oversized Lot
  • View: Gulf
  • Is Waterfront: Yes
  • Has Pool: Yes
  • Pool: Community

Waterfront

Beach Front, Gulf, Beach Access

Interior

  • Interior: Tile
  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s)
  • # of Stories: 3

Interior Features

Eat-in Kitchen, High Speed Internet

Appliances

Some Electric Appliances, Cooktop, Dishwasher, Freezer, Disposal, Microwave, Refrigerator, Stove

Exterior

  • Exterior: Block, Concrete, Stucco
  • Lot Description: Oversized Lot
  • Windows: Display Window(s), Sliding
  • Roof: Shingle
  • Construction: Block, Concrete, Stucco

Exterior Features

Courtyard, Deck, Outdoor Shower, Barbecue

Financials

  • Price: $389,500
  • HOA Fees: $2,138
  • HOA Fees Freq.: Quarterly

Listing Details

  • Office: Techventure Real Estate

Community Information

  • Subdivision Sandpiper Gulf Resort
  • City Fort Myers Beach
  • County Lee
  • State Fl
  • Zip Code 33931

Inquire now for more information about the community of Find out more!

Subdivision Statistics

  Listings Average DOM Average Price Average $/SF Median $/SF List/Sale price
Active 3 52 $362,833 $846 $249,000 $389,500
Sold (past 6 mths) 1 - $239000 $557 $239,000 $389,500

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Ryan Schwartz

Realtor®

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