Waterfront Condo Unit with
15440 BELLAMAR CIRCLE 2916 Fort Myers, FL 33908
For Sale
$249,900
Pending
Updated 3/2 condo with waterfront view and modern amenities.
Property Size1,043 SF
Lot Size0.17 Acres
Days on Market622
Property Features for 15440 BELLAMAR CIRCLE 2916
General Information
- Standard status
- Pending
- Size
- 1,043 SF
- Lot size
- 0.17 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2003
Listing Agency:
RE/MAX Trend
(239) 410-9233
Listed By:
Christine Maier · License #258023574
(239) 410-9233
Source:
Exitrealty
Added: Nov 11, 2024
Changed: Jul 6
Last Checked: Jul 25 at 5:58AM
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 RE/MAX Trend
Investment Insights
Based on property information with market context.
This amazing waterfront condo unit is located on the first floor and has been fully updated. The unit, which is the nicest in the HOA, features over $60,000 in upgrades and measures 1,050 square feet. There is no carpet. The kitchen has been fully remodeled with quartz countertops, soft-close cabinets, and new stainless steel appliances. A new washer and dryer are included. Each room has new ceiling fans. The bathrooms have been fully remodeled with glass shower doors. The AC and water heater were replaced in 2020. Hurricane windows have been installed in the lanai, along with new window treatments. The property is located very close to shopping, restaurants, and beaches. The community pool and fitness center are just a few steps away, accessible via a small bridge. Weekly community get-togethers and activities are held. The property is not in a flood zone.
Key Highlights
- Waterfront condo with no flood zone
- Fully updated with over $60K in upgrades
- Completely remodeled kitchen featuring quartz countertops and stainless steel appliances
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 | $24.3k | $23.28 |
| − Vacancy | −$1.0k | −$0.98 |
| EGI | $23.3k | $22.30 |
| − OpEx | −$10.5k | −$10.04 |
| NOI | $12.8k | $12.27 |
1,043 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$182.8K
$159.9K – $213.2K
NOI $12,794 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$328.3K
$287.2K – $383.0K
NOI $22,979 @ 7.0% cap · market cap 9.20%
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
FAQs
What type of property is this?
Residential income property - Updated 3/2 condo with waterfront view and modern amenities.
Where is this residential income property located?
The property is located at 15440 BELLAMAR CIRCLE 2916 Fort Myers, FL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Waterfront condo with no flood zone; Fully updated with **over $60K in upgrades**; **Completely remodeled kitchen featuring quartz countertops and stainless steel appliances**
