4840 E Riverside DR, Fort Myers, FL, 33905 | $395,000

One year HOME WARRANTY! Charming riverfront living is yours in this 3-bedroom, 2-bathroom stilt home offering tranquil long-range water views! Positioned just across the street from the river, this residence provides picturesque water vistas from the living room, dining area & wide balcony. Renovated in 2020, this home showcases an open floor plan, low-maintenance flooring & a versatile 3rd bedroom with built-in shelves & double doors. Resting on a generous corner lot of 0. 27 acres, adorned with mature trees, there’s space for a pool & RV/Boat parking. The property owns a unique grandfathered flood insurance exemption - only $660/yr, providing significant cost savings. Located in historic Russell Park, a well-established riverfront neighborhood & just a few blocks from the community boat ramp—ideal for boaters. Lot #106 across the street (4839 E. Riverside Dr. ) is available with the purchase of the home for an additional $50, 000. The lot provides exclusive sea-walled access to the Caloosahatchee River without any bridges—an exceptional chance to elevate your waterfront lifestyle. The best of both worlds is yours— riverfront living and convenient proximity to major amenities, I-75, and downtown Fort Myers.

Features

  • Amenities: Community Boat Ramp, No Subdivision
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: 68 x 62 x 179 x 187
  • Laundry: Inside
  • Style: Stilts
  • Year Built: 1984
  • Garage: 2+ Spaces, Driveway Unpaved, RV-Boat, Under Bldg Open, Attached Carport
  • Heating: Central Electric
  • Cooling: Ceiling Fan(s), Central Electric
  • Basement: Ceiling Fan(s), Central Electric
  • Approx Sq. Feet: 1,352
  • Acreage: 0.27
  • Lot Size: 68 x 62 x 179 x 187
  • Est. Taxes: $3,140
  • Lot Desc: Corner Lot, Oversize
  • View: River
  • Water Front: Yes
  • Pets Allowed: Yes
  • Pet Policy: No Approval Needed
  • Appliances: Electric Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator/Icemaker, Self Cleaning Oven, Washer
  • MLS#: 223086717
  • Days on Market: 168 days
  • Website: https://www.raveis.com
    /prop/223086717/4840eriversidedr_fortmyers_fl?source=qrflyer
The data relating to real estate for sale displayed on this Website comes in part from the Multiple Listing Service of the Bonita Springs-Estero Association of REALTORS®, Inc., under License No. BK3330055FL. Properties displayed on this Website include properties listed with brokerage firms other than William Raveis Real Estate. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service, or contained in the database compilation of the Bonita Springs-Estero Association of REALTORS™ Multiple Listing Service.

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Lisa SorbaraSenior Sales Associate

203.536.1064

Lisa.Sorbara@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
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  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Mace L. RattetVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 69957

914.260.5535

Mace.Rattet@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Francine SilbermanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 69244

914.260.2006

Francine.Silberman@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Michael AlvordInsurance Sales Director, William Raveis Insurance

203.925.4507

Michael.Alvord@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

4840 E Riverside DR, Fort Myers, FL, 33905

$395,000

Lisa Sorbara

Senior Sales Associate

William Raveis Real Estate

Phone: 203.536.1064

Lisa.Sorbara@raveis.com

Mace L. Rattet

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 914.260.5535

Mace.Rattet@raveis.com

NMLS Mortgage Loan Originator ID 69957

Francine Silberman

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 914.260.2006

Francine.Silberman@raveis.com

NMLS Mortgage Loan Originator ID 69244

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $316,000 $316,000 $316,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.945% 7.133% 6.256%
Monthly Tax Payment $262 $262 $262
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,156 $2,100 $2,665
Total Monthly Payment $2,493 $2,437 $3,002

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.