423 Lazy Way, Fort Myers Beach, FL, 33931 | $1,450,000

Rarely offered 4-unit QUAD in the weekly rental zone — Sun, Surf, Sea & Sand — a cash-flowing, canal-view property designed for strong returns and steady demand! This is more than real estate — it’s a branded experience. 423 Lazy Way is a fully turnkey 4-unit property in Fort Myers Beach’s coveted weekly vacation rental zone, where each residence carries its own identity: Sun, Surf, Sea, and Sand. Guests love the character, investors love the returns, and together they create a property that stands out in one of the island’s hottest markets. With six bedrooms and six full baths across four distinct units, this canal-view gem blends lifestyle and income like no other. Upstairs, spacious residences open to covered balconies with tranquil water views. Downstairs, the coastal charm continues with inviting porches and a relaxed vibe that keeps guests coming back year after year. Along the canal, dolphin and manatee sightings only add to the magic. Meticulously maintained and upgraded — including a new roof (2023), new water heaters, and mini-split AC systems — the property is primed for long-term performance. Add in private parking, shared laundry, high-speed Wi-Fi, and smart TVs, and it’s truly turnkey from day one. 423 Lazy Way isn’t just Sun, Surf, Sea & Sand. It’s a rare chance to own one of Fort Myers Beach’s most intriguing income assets — where lifestyle and ROI come together unforgettably.

Features

  • Amenities: Beach Access, Non-Gated
  • Bedrooms: 6
  • Baths: 6 full
  • Units: 4
  • Lot Size: 80 x 80 x 75 x 75
  • Laundry: Common Area
  • Style: See Remarks
  • Year Built: 1974
  • Heating: Central Electric
  • Cooling: Ceiling Fan(s), Central Electric
  • Basement: Ceiling Fan(s), Central Electric
  • Acreage: 0.14
  • Lot Size: 80 x 80 x 75 x 75
  • Est. Taxes: $4,666
  • Lot Desc: Regular
  • Pets Allowed: No
  • MLS#: 225083358
  • Days on Market: 37 days
  • Website: https://www.raveis.com
    /prop/225083358/423lazyway_fortmyersbeach_fl?source=qrflyer
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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.
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Pedro.Delgadillo@raveis.com

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423 Lazy Way, Fort Myers Beach, FL, 33931

$1,450,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,160,000 $1,160,000 $1,160,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.241% 6.110% 5.972%
Monthly Tax Payment $389 $389 $389
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,586 $6,955 $9,633
Total Monthly Payment $7,100 $7,469 $10,147

* 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.