Furnished Condo with Bay
4745 Estero Boulevard 801 Fort Myers Beach, FL 33931
For Sale
$649,000
Furnished 2-bedroom condo with balconies and water views.
Property Size1,669 SF
Lot Size0.32 Acres
Price / SF$388.86
Days on Market594
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
Listing Agency:
Keller Williams Fort Myers
(239) 292-6284
Listed By:
Tom Swanbeck · License #258500162
(239) 292-6284
Source:
Exitrealty
Added: Dec 6, 2024
Changed: Jul 6
Last Checked: Jul 23 at 7:20AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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 | $38.9k | $23.28 |
| − Vacancy | −$1.6k | −$0.98 |
| EGI | $37.2k | $22.30 |
| − OpEx | −$16.8k | −$10.04 |
| NOI | $20.5k | $12.27 |
1,669 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$292.5K
$255.9K – $341.2K
NOI $20,472 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$525.3K
$459.6K – $612.9K
NOI $36,771 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sanibeil island fl
Resort
Advanced Accounting & Taxes
Tax Preparation
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.
