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    Furnished Condo with Bay Views Title is generated by Realmo AI

    4745 Estero Boulevard 801, Fort Myers Beach, FL 33931

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    For Sale
    $649,000

    Furnished 2-bedroom condo with balconies and water views.

    Type:Condo/Townhome
    Property size:
    1,669 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $388/SF
    Added:
    Mar 24, 2026
    Days on Market:
    75
    Last Refresh:
    Apr 6 at 1:43 am

    Property Features for 4745 Estero Boulevard 801

    General Information

    Standard status
    Active
    Size
    1,669 SF
    Lot size
    0.32 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1991

    We can help!

    Listing Contact
    Tom Swanbeck
    Tom Swanbeck

    Listing agent Tom Swanbeck License #258500162

    Listing office Keller Williams Fort Myers

    Listing date Mar 24, 2026

    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 Keller Williams Fort Myers

    HighLights

    • Direct Gulf of Mexico access and marina.
    • Enjoy Back Bay water views and breezes from two balconies.
    • Furnished 2 bedroom / 2 bathroom condo with spacious living area.
    • Private entrance to Publix and restaurants.
    • Resort‑style amenities and beautifully manicured grounds.
    • Premier gated community with completed pool renovation, sports court, and seawall project; no storm damage and assessments paid.

    Overview

    This furnished condo features two bedrooms and two bathrooms, offering views of the Back Bay from its eighth-floor balconies. The property includes two separate balconies for enjoying water views and bay breezes. The floor plan features an open-concept living area with a full-size dining area, two master suites, and a laundry room. There is also an optional den or casual dining spot next to the kitchen. The property has direct access to the Gulf of Mexico, a private entrance to a grocery store, restaurants, resort-style amenities, and a marina with Gulf of Mexico access. The property is located in a gated community with landscaping. Revitalization plans for this community are underway. The pool renovation, sports court, and seawall project have been completed. The unit did not sustain any storm damage, and all previous assessments have been paid. The property size is 1669 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sanibeil island fl Resort Advanced Accounting & Taxes Tax Preparation

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Gym & Fitness Center Skin Care Clinic Auto Repair Shop Kitchen & Bath Showroom Big Box & Wholesale Store Department Store

    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
    -81.9204973
    Latitude
    26.4383348

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    FAQs

    What type of property is this?
    Residential income property - Furnished 2-bedroom condo with balconies and water views.
    Where is this residential income property located?
    The property is located at 4745 Estero Boulevard 801 Fort Myers Beach, FL.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: Direct Gulf of Mexico access and marina.; Enjoy Back Bay water views and breezes from two balconies.; Furnished 2 bedroom / 2 bathroom condo with spacious living area.
    (239) 236-4350
    We can help!
    Listing Contact
    Tom Swanbeck
    Tom Swanbeck
    Real Estate License ID: 258500162
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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.

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