Canal-Access
New
For Sale
$549,000
14963 Wise Way, Fort Myers, FL 33905
Residential, Fort Myers, FL
Property Size1,764 SF
Lot Size0.21 Acres
Price / SF$311.22
Days on Market3
Property Features for 14963 Wise Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
TFC-2
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3
Parking features
RV, Garage, Open, Driveway
Patio and Porch features
Patio, Porch
Pets allowed
Yes
Interior features
EatInKitchen, ShowerOnly, SeparateShower, WindowTreatments
Exterior features
OutdoorGrill, Patio, ShuttersManual
Appliances
Dryer, Freezer, Microwave, Range, Refrigerator, SelfCleaningOven, Washer
Subdivision
PARADISE SHORES
Lot features
Rectangular Lot
Standard status
Active
APN
21-43-26-07-00000.0570
Size
1,764 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LANDINGS EAST PARADISE SH PB 25 PG 80 LOT 57
Tax Annual Amount
4465
Legal Description
LANDINGS EAST PARADISE SH PB 25 PG 80 LOT 57
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric, Ceiling Fan(s)
Water source
Public
Water front features
Canal Access
Water front
1
Amenities
electric fireplaces
coffee bars
private outdoor living space
smart lock entry systems
Ring security cameras
kayaks
bicycles
Building Details
Year built
1976
Floors in Building
1
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Roof type
Metal, Built-Up, Flat
Architectural style
Other
Buildings
1
Listing Agency:
SWFL Choice Realty
(239) 443-8204
Listed By:
Jessica Gerz · License #258033313
(239) 980-3685
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 3 at 12:06AM
MLS# 2026045875
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,764-square-foot duplex, built in 1976, contains two separate units, each with two bedrooms, two bathrooms, a one-car garage, a private entrance, and its own patio. Both residences have updated kitchens and bathrooms, electric fireplaces, coffee bars, and tile flooring. The property is fully furnished and includes appliances, smart-lock entry systems, Ring security cameras, kayaks, and bicycles. Improvements include a new roof, updated air-conditioning systems, a newer water heater, fresh interior and exterior paint, and refreshed patios with epoxy coating.
The 0.213-acre property has canal access, with a sailboat route toward the Gulf of Mexico described as having passable bridges. The Caloosahatchee River and Lake Okeechobee are also identified as boating destinations. Babcock Ranch and downtown Fort Myers are nearby; beaches are approximately 45 minutes away.
The duplex has a reported short-term rental history, and the two residences can be operated separately. Public water and septic service are present.
The 0.213-acre property has canal access, with a sailboat route toward the Gulf of Mexico described as having passable bridges. The Caloosahatchee River and Lake Okeechobee are also identified as boating destinations. Babcock Ranch and downtown Fort Myers are nearby; beaches are approximately 45 minutes away.
The duplex has a reported short-term rental history, and the two residences can be operated separately. Public water and septic service are present.
Key Highlights
- Two‑unit duplex; each residence has 2 bedrooms, 2 bathrooms, and a one‑car garage
- 1,764 square feet on a 0.213‑acre lot
- Canal access with a sailboat route toward the Gulf of Mexico
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,349
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,980
$467.0K
Cap Rate 7%
$333,557
$333.6K
Cap Rate 9%
$259,433
$259.4K
Market Conditions
NOI Build-Up for 1,764 SF
Gross rent
$34.9K $19.80/SF
− Vacancy
−$1.6K −$0.89/SF
EGI
$33.4K $18.91/SF
− OpEx
−$10.0K −$5.67/SF
NOI
$23.3K $13.24/SF
Area
Lee County, FL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,980
Cap Rate 7%
$333,557
Cap Rate 9%
$259,433
Alternative Uses
Best Use
Multifamily LT 5
$333.6K
$291.9K – $389.2K
NOI $23,349 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$309.1K
$270.5K – $360.6K
NOI $21,638 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$555.2K
$485.8K – $647.7K
NOI $38,864 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
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Business Placement
Demographics for 33905, FL
37,692
Population
17,337
Households
2.2
Avg Household Size
41
Median Age
22%
College-Educated
79%
High-School Grad
40.2 sq mi
ZIP Area
938
Density / Sq Mi
$70,009
Median Household Income
$36,923
Median Earnings
$1,509
Median Rent
$260,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two furnished residences share a waterfront setting, with private outdoor areas overlooking a canal connected to Gulf access routes.
Where is this duplex located?
The property is located at 14963 Wise Way Fort Myers, FL.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two‑unit duplex; each residence has 2 bedrooms, 2 bathrooms, and a one‑car garage; 1,764 square feet on a 0.213‑acre lot; Canal access with a sailboat route toward the Gulf of Mexico
