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    729 Dean Way Fort Myers, FL 33919

    Sponsored
    For Sale
    $850,000

    MULTI_FAMILY - Ranch - Fort Myers, FL

    Type:Single Family Residence
    Property size:
    4,105 SF
    Lot size:
    0.34 Acres
    Days on Market:
    11
    Last Refresh:
    Feb 3 at 8:06 am

    Property Features for 729 Dean Way

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active
    Spa
    1
    Rooms
    Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 3, Den, Bathroom 2, Bedroom 4, Bedroom 1, Dining Room
    Bedrooms
    4
    Bathrooms
    3
    APN
    10-45-24-02-0000A.0130
    Parking features
    Driveway, Garage, RV, Open
    Patio and Porch features
    Patio, Porch
    Pets allowed
    Yes
    Pool private
    1
    Interior features
    BuiltInFeatures, TrayCeilings, ClosetCabinetry, SeparateFormalDiningRoom, DualSinks, EntranceFoyer, EatInKitchen, Fireplace, MultiplePrimarySuites, ShowerOnly, SeparateShower, SplitBedrooms
    Exterior features
    Patio, ShuttersManual
    Fireplace
    1
    Appliances
    DoubleOven, Dryer, Dishwasher, Freezer, Disposal, Microwave, Refrigerator, Washer
    Size
    4,105 SF
    Lot size
    0.34 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air, Zoned
    Water source
    Public

    Building Details

    Year built
    1955
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Block, Concrete, Stucco
    Roof type
    Shingle
    Architectural style
    Ranch
    Additional Structures
    Gazebo

    We can help!

    Listing Contact
    Denise Chambre

    KELLER WILLIAMS REALTY FORT MYERS AND THE ISLANDS (954) 295-7611

    Listing agent Denise Chambre (239) 247-2868 License #258008519

    Listing date Jan 24, 2026

    MLS# 2025015822 Listing URL

    Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Home with Mother-in-Law Suite

    This updated 4105 square foot home, featuring a pool and spa, includes a private mother-in-law suite. Located off McGregor Blvd, it is situated minutes from downtown Fort Myers and Cape Coral. The home has been extensively remodeled, opening up the kitchen, den, and living room into a modern great room concept. Features include an oversized circular driveway, a 3-car garage, double entry doors, wood-look plank floors, high ceilings, and custom millwork. The kitchen includes gray cabinets, subway tile, a center island, quartz countertops, upgraded appliances, a dining nook, and a skylight, with sliders leading to the pool area. The great room is suited for family gatherings or large-scale entertaining, and there is also a formal dining room with a tray ceiling and a private office/library. The outdoor space is fenced and walled, featuring a large under-truss area, a gazebo, and a paved pool area with a spa. The primary suite includes a two-way fireplace to the bathroom, a walk-in shower with marble surround, maple vanities with two sinks plus an additional makeup vanity with seating, and a large walk-in closet. Sliders are located off the owner's suite, family room, and kitchen, leading to the covered lanai and pool deck. The main house also has two guest bedrooms, an additional full bath, and a laundry room. The interior is freshly painted. The guest apartment/cabana has a separate entrance and includes a full kitchen, bedroom, bathroom, laundry area, and living room that leads to a paved pool deck. Additional features include a new roof replaced in 2019 and a dual-zone AC for the main living quarters. The lot size is 0.344 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Berchtold Builders Construction Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.902907
    Latitude
    26.570658

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    FAQs

    What type of property is this?
    Single family property - Updated 4100 sqft home with pool and private mother-in-law suite.
    Where is this single family property located?
    The property is located at 729 Dean Way Fort Myers, FL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Private mother-in-law suite/guest apartment with full kitchen, bath, laundry, and separate entrance.; - Updated, open-concept design with a **modern great room, chef's kitchen featuring quartz countertops and upgraded appliances.**; - **Private outdoor oasis with pool, spa, covered lanai, gazebo, and fully fenced/walled yard.**
    (239) 247-2868
    Request Owner's contact information
    729 Dean Way Fort Myers, FL 33919
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    Fort Myers, FL 33919
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    729 Dean Way Fort Myers, FL 33919
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    We can help!
    Listing Contact
    Denise Chambre
    Real Estate License ID: 258008519
    (239) 247-2868
    Learn more
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