Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    948 San Carlos Dr lot 26 Fort Myers Beach, FL 33931

    View on Map
    Claim this Listing
    For Sale
    $3,399,000

    LAND - FORT MYERS BEACH, FL

    Lot size:
    0.48 Acres
    Added:
    Jan 14, 2026
    Days on Market:
    92
    Last Refresh:
    Apr 16 at 7:06 am

    Property Features for 948 San Carlos Dr lot 26

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    TFC-2
    Exterior features
    Dock Included, Elec Avail at dock
    Standard status
    Active
    APN
    24-46-23-L2-44000.0020
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    SAN CARLOS ON THE GULF BLK 1 PB 6 PG 6 LOTS 26 THRU 28
    Tax Annual Amount
    3822

    Utilities

    Utilities
    Water Available
    Water front features
    Navigable Water
    Water front
    1

    We can help!

    Listing Contact
    J Alex King

    Listing agent J Alex King License #3251534

    Listing office Premiere Plus Realty Company 3409 Pelican Landing Parkway, Naples, FL

    Listing date Jan 14, 2026

    MLS# 226001800 Listing URL

    Copyright © 2026 Bonita Springs-Estero REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bayfront Land on San Carlos Island

    This half-acre bayfront property is located along the shores of San Carlos Island. The homesite encompasses 20,830 square feet with 100 feet of direct bay frontage and a depth of approximately 215 feet. The property has western exposure, allowing for sunset views over the water. A deep-water canal provides access to the Gulf of Mexico. A newer dock is in place, designed to accommodate two boat lifts. The size and configuration of this parcel offer possibilities for indoor-outdoor living and amenities. San Carlos Island is attracting homeowners, investors, and builders. The location is a short distance from Fort Myers Beach's waterfront dining and Margaritaville Resort, while avoiding the congestion of island living. There is access to Sanibel, Captiva, Bonita Springs, Naples, and RSW International Airport. The property has no rental restrictions, offering investment potential. It is suited for a private bayfront estate or a luxury rental.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers Beach
    County
    Lee
    State
    Florida
    Longitude
    -81.955218
    Latitude
    26.464435

    Nearby Similar for Sale

    • $5,799,000

      Freestanding Commercial Property on San Carlos

      3. 5-acre commercial property with versatile retail/restaurant space.
      17650 San Carlos Boulevard, Fort Myers Beach, FL 33931
      View Details
    • $999,000

      Waterfront Land on Fort Myers Beach

      Rare waterfront property with Gulf access and development potential.
      75 Mound Rd lot: 5, FORT MYERS BEACH, FL 33931
      View Details
    • $965,000

      Prime Gulfside Corner Parcel

      Cleared lot near beach access, ready for new construction.
      2370 Estero Boulevard, Fort Myers Beach, FL 33931
      View Details
    • $684,000

      Commercial Condo in Downtown Hub

      Spacious ground floor unit in vibrant Fort Myers Beach.
      450 Old San Carlos Boulevard, Fort Myers Beach, FL 33931
      View Details
    • $739,500

      Waterfront Land with Boat Slips

      Unique boating community with deep water access and income potential.
      12110 Siesta Drive, Fort Myers Beach, FL 33931
      View Details
    • $949,000

      Oversized Lot Near Times Square

      0.2097-acre lot near Times Square in Fort Myers Beach.
      180 Donora Blvd lot: 13, FORT MYERS BEACH, FL 33931
      View Details
    • $3,900,000

      Mixed-Use Redevelopment Opportunity, Fort Myers

      Mixed-use redevelopment opportunity in the heart of Fort Myers Beach.
      440 Old San Carlos Boulevard, Fort Myers Beach, FL 33931
      View Details
    • $549,000

      Gulf-Access Homesite with Deeded Beach Access

      Coastal living with income potential in Fort Myers Beach, FL.
      8033 ESTERO BOULEVARD, FORT MYERS BEACH, FL 33931
      View Details
    • $1,750,000

      Prime Commercial Corner Lot

      High-visibility commercial land on Fort Myers Beach's main corridor.
      2450 Estero Boulevard, Fort Myers Beach, FL 33931
      View Details
    • $759,900

      San Carlos Island Investment Opportunity

      Multi-family property near Fort Myers Beach with rental potential.
      842 South Street, Fort Myers Beach, FL 33931
      View Details
    • $4,690,000

      Gulf-Front Land in Fort Myers

      Prime Gulf-front land holding in the heart of Fort Myers.
      61-65 Avenue C, Fort Myers Beach, FL 33931
      View Details
    • $45,900

      Renovated Dock on Fort Myers Beach

      Updated dock with lift, close to Gulf and Estero Bay.
      Dock 27 4351 Bay Beach Ln, Fort Myers Beach, FL 33931-5955
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Half-acre bayfront property with Gulf access and sunset views.
    Where is this waterfront land located?
    The property is located at 948 San Carlos Dr lot 26 Fort Myers Beach, FL.
    What is the asking price?
    The asking price for this property is $3,399,000.
    What are key features of this property?
    This property features: Half‑acre bayfront property with **100 feet of direct bay frontage and deep‑water Gulf access.**; Coveted western exposure for **breathtaking sunset views** over the water.; **Newer dock in place**, designed to accommodate two boat lifts.
    (239) 732-7837
    We can help!
    Listing Contact
    J Alex King
    Real Estate License ID: 3251534
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!