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SHORT-TERM RENTAL OPPORTUNITY with estimated potential rental income of over $100K, plus additional dock rental income potential! Conveniently located across the street from the Gulf of America with two deeded beach access paths, this turnkey furnished 3-bedroom, 3-bath, 2, 317 sq. ft. canal-front home offers exceptional value, waterfront living, and income-producing potential in one of Fort Myers Beach’s most sought-after locations. Features include tile throughout, three generous bedrooms with king beds, a rare 50-ft pool, a 10, 000 lb. boat lift with Gulf access, and a spacious 2-car garage. Significant improvements include 2021 updates with a new air-conditioning system and the exterior compressor relocated to the second level, along with a complete tear-off and new roof. In 2022, the home underwent extensive renovations featuring new impact-rated hurricane windows and doors, new hurricane-rated garage doors, a new electric panel, new tankless water heater, new vinyl railings and exterior stairs to the second level, new aluminum pool fence, new heat-pump pool heater and raised saltwater filtration system, full property hardscaping, and a remodeled lower level featuring a bedroom, full bath with shower, and kitchenette. Additional 2022 updates include a new washer and dryer on the upper level and a fully updated kitchen with granite counters, induction stove, wine cooler, exterior-vented microwave, and Bosch dishwasher. Whether you are looking for a Fort Myers Beach vacation rental, short-term rental investment property, second home, or personal coastal retreat, this home offers strong rental potential, impressive upgrades throughout, boating access, beach access, and the ideal Southwest Florida waterfront lifestyle
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,390,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,112,000 | $1,112,000 | $1,112,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.312% | 6.235% | 6.183% |
| Monthly Tax Payment | $1,248 | $1,248 | $1,248 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,578 | $6,757 | $9,384 |
| Total Monthly Payment | $7,951 | $8,130 | $10,757 |
* 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.