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BEST PRICED PROPERTY ***** OUTSTANDING INVESTMENT OPPORTUNITY ***** PRIME LOCATION. Ideal for FAMILIES, PHYSICIANS, INVESTORS and those that like to be CLOSE TO THE EVERYTHING: Good schools, good hospitals, the beaches, restaurants, shopping and entertainment!
This family friendly lakefront home in the esteemed, gated community of Laguna Lakes is priced attractively and positioned perfectly for investors, physicians, and families who want to be close to hospitals, good schools, shopping, and also the Gulf beaches. Offering 3 bedrooms, 2. 5 baths and approximately 1, 820 sq ft of living space, this two story home sits on a beautiful lake lot in one of South Fort Myers’ most sought after locations. The home benefits from a new roof (2022) and an exceptional lake view! Although the home is mostly original, it is in very good condition. As an investor or buyer, you can either keep the home the way it is and step right into the existing cash flow by assuming the current lease, or selectively update and modernize it to unlock additional upside!
The functional floor plan features a spacious living and dining area, open kitchen and guest bath on the main level, with all bedrooms and two full baths upstairs for privacy - ideal for families, professionals working from home, or roommates. Large windows and the rear lanai draw in natural light and showcase wide water views and the peaceful Laguna Lakes setting.
Currently tenant-occupied, this property is perfect for a buyer seeking immediate rental income with the flexibility to either keep the existing tenants in place or secure new tenants at current market rents once the lease term ends. The lease can expire by year-end or be renewed into 2026, making this a rare opportunity to purchase in a prime community with built-in cash flow from day one. Lease details are available on request.
Residents of Laguna Lakes enjoy a true resort-style lifestyle, with a gated entrance, lush mature landscaping, a clubhouse with fitness center and social room, a heated community pool and spa overlooking the lake, as well as tennis and pickleball courts, sand volleyball, a children’s playground and walking paths around scenic lakes and green spaces. The community’s central location places you just minutes from HealthPark Medical Center, Golisano Children’s Hospital, highly rated schools, everyday conveniences, restaurants, and the white-sand beaches of Fort Myers Beach and Sanibel.
If you are looking for a lakefront home in BEST LOCATION, attractively priced with built-in income and clear upside for renovations, 8830 Spring Mountain Way should be at the very top of your list.
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Our Executive Mortgage Banker:
Our Insurance Division:
$394,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $315,200 | $315,200 | $315,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.137% | 6.132% | 5.396% |
| Monthly Tax Payment | $471 | $471 | $471 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,765 | $1,888 | $2,513 |
| Total Monthly Payment | $2,311 | $2,434 | $3,059 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.