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Spacious Condo with Great Amenities

6361 Aragon Way 304 Fort Myers, FL 33966

6361 Aragon Way 304, Fort Myers, FL, 33966
$159,000
For Sale
Claim this Listing
$159,000

Centrally located 2-bedroom condo with pool, spa, and more.

Property Size1,085 SF
Lot Size0.27 Acres
Price / SF$146.54
AddedMar 15, 2025
Days on Market488
Last RefreshJul 13 at 1:13 pm

Property Features for 6361 Aragon Way 304

General Information

Standard status
Active
Size
1,085 SF
Lot size
0.27 Acres
Property subtype
Condo/Townhome

Building Details

Year Built
1998

Listing office John R. Wood Properties

Listing date Mar 15, 2025

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of John R. Wood Properties


Investment Insights

Based on property information with market context.

This spacious condominium features 2 bedrooms and 2 bathrooms. The property is centrally located for convenience. Situated on the top floor, it includes a large screened lanai and a private exterior storage room. Ample parking is available. Residents can enjoy amenities such as a heated pool, spa, fitness center, clubhouse, library, tennis courts, pickleball courts, and a car wash area. Located in South Fort Myers, the property is near Gulf Coast Hospital, Whole Foods, Publix, and Bell Tower Shops, as well as various restaurants. Sandy beaches, Sanibel & Captiva Islands, and the Southwest Florida International Airport are easily accessible. The property size is 1085 square feet.

Key Highlights

  • Centrally located in South Fort Myers near Gulf Coast Hospital, Whole Foods, Publix, Bell Tower Shops, restaurants, beaches, and the airport.
  • Features a heated pool, spa, fitness center, clubhouse, library, tennis and pickleball courts, and a car wash area.
  • Spacious 2‑bedroom, 2‑bathroom condominium.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $25.3k $23.28
− Vacancy −$1.1k −$0.98
EGI $24.2k $22.30
− OpEx −$10.9k −$10.04
NOI $13.3k $12.27
1,085 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$190.1K
$166.4K – $221.8K (±1% cap)
NOI $13,309 @ 7.0% cap · market cap 8.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$341.5K
$298.8K – $398.4K (±1% cap)
NOI $23,905 @ 7.0% cap · market cap 15.03%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Residential income properties

Suggested Use

Grocery & Convenience Store (Bike/Boat/Book/etc) Store Locksmith Catering Service (Bike/Boat/Book/etc) Store Daycare Center (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Bakery (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Residential income property - Centrally located 2-bedroom condo with pool, spa, and more.
Where is this residential income property located?
The property is located at 6361 Aragon Way 304 Fort Myers, FL.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Centrally located in South Fort Myers near Gulf Coast Hospital, Whole Foods, Publix, Bell Tower Shops, restaurants, beaches, and the airport.; Features a **heated pool, spa, fitness center, clubhouse, library, tennis and pickleball courts**, and a car wash area.; Spacious 2‑bedroom, 2‑bathroom condominium.
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