Luxury High Rise
5260 S Landings Drive 702 Fort Myers, FL 33919
For Sale
$285,000
Pending
Updated condo with golf course views and resort-style amenities.
Property Size1,926 SF
Lot Size0.81 Acres
Days on Market516
Property Features for 5260 S Landings Drive 702
General Information
- Standard status
- Pending
- Size
- 1,926 SF
- Lot size
- 0.81 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1983
Listing Agency:
Rossman Realty Group Inc
(603) 345-0119
Listed By:
Scott Blais · License #258017709
(603) 345-0119
Source:
Exitrealty
Added: Feb 23, 2025
Changed: Jul 10
Last Checked: Jul 23 at 9:15AM
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 Rossman Realty Group Inc
Investment Insights
Based on property information with market context.
Located in a premier gated community in southwest Fort Myers, this seventh-floor unit in the Ariel luxury high rise offers an active lifestyle with golf, tennis, pickleball, and boating opportunities. The updated interior features plank tile floors, a kitchen with quartz counters and glass backsplash, newer appliances, and upgraded AC. There are two updated full baths. New impact glass door walls are installed throughout. The expansive screened balcony overlooks the golf course and lakes, providing views of sunrises. The master suite includes a private balcony and a walk-in closet. The unit is partially furnished with tropical Bahama-style pieces. Ariel's amenities include secured elevator access, clay tennis courts, a heated resort-style pool, an atrium with a fitness center, a renovated party room, a card room, a billiards/game room, guest suites, covered parking, and secured extra storage. The Landings Yacht Golf & Tennis Club offers a full-service gulf access marina, an 18-hole golf course, Har-Tru tennis courts, pickleball, bocce, and two dining venues. The property size is 1926 square feet.
Key Highlights
- Access to Golf, Tennis, Pickleball, and Boating within The Landings Yacht Golf & Tennis Club.
- Updated unit with plank tile floors, quartz counters, glass backsplash, newer appliances, upgraded AC, and impact glass door walls.
- Expansive screened balcony with views of the golf course and lakes.
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 | $44.8k | $23.28 |
| − Vacancy | −$1.9k | −$0.98 |
| EGI | $43.0k | $22.30 |
| − OpEx | −$19.3k | −$10.04 |
| NOI | $23.6k | $12.27 |
1,926 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$337.5K
$295.3K – $393.8K
NOI $23,625 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$606.2K
$530.4K – $707.2K
NOI $42,434 @ 7.0% cap · market cap 14.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fort Myers Republican ...
Advocacy Group
FAQs
What type of property is this?
Residential income property - Updated condo with golf course views and resort-style amenities.
Where is this residential income property located?
The property is located at 5260 S Landings Drive 702 Fort Myers, FL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Access to Golf, Tennis, Pickleball, and Boating within The Landings Yacht Golf & Tennis Club.; Updated unit with plank tile floors, quartz counters, glass backsplash, newer appliances, upgraded AC, and impact glass door walls.; Expansive screened balcony with views of the golf course and lakes.
