Charming Condo in Amberwood
16131 Amberwood Lake Court 3 Fort Myers, FL 33908
For Sale
$228,000
Serene 2 bed, 2.5 bath condo with community amenities.
Property Size1,152 SF
Lot Size0.05 Acres
Price / SF$197.92
Days on Market555
Property Features for 16131 Amberwood Lake Court 3
General Information
- Standard status
- Active
- Size
- 1,152 SF
- Lot size
- 0.05 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1986
Listing Agency:
John R. Wood Properties
(239) 822-5155
Listed By:
Todd Tooley · License #251500785
(239) 822-5155
Source:
Exitrealty
Added: Jan 14, 2025
Changed: Jul 6
Last Checked: Jul 23 at 5:11AM
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 John R. Wood Properties
Investment Insights
Based on property information with market context.
This charming condo, located in the Amberwood Lake community, features 2 bedrooms and 2.5 bathrooms. The property offers 1,152 square feet of living space. The home has an open floor plan that allows natural light to fill the rooms. The living area flows into the dining space and kitchen. The kitchen is equipped with modern appliances and ample cabinet space. Both bedrooms are generously sized, and the master suite includes an en-suite bathroom. A private patio provides a space for outdoor relaxation. Community amenities include a pool, tennis courts, shuffleboard, and a BBQ area. The condo is located in Fort Myers, with access to beaches, golf courses, and the downtown area.
Key Highlights
- Access to community amenities: pool, tennis, shuffleboard, and BBQ area
- Located in Fort Myers with easy access to beaches, golf courses, and downtown
- Two bedrooms, 2.5 bathrooms, including master suite with en‑suite bathroom
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 | $26.8k | $23.28 |
| − Vacancy | −$1.1k | −$0.98 |
| EGI | $25.7k | $22.30 |
| − OpEx | −$11.6k | −$10.04 |
| NOI | $14.1k | $12.27 |
1,152 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$201.9K
$176.6K – $235.5K
NOI $14,131 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.6K
$317.3K – $423.0K
NOI $25,381 @ 7.0% cap · market cap 11.13%
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 - Serene 2 bed, 2.5 bath condo with community amenities.
Where is this residential income property located?
The property is located at 16131 Amberwood Lake Court 3 Fort Myers, FL.
What is the asking price?
The asking price for this property is $228,000.
What are key features of this property?
This property features: Access to community amenities: pool, tennis, shuffleboard, and BBQ area; Located in Fort Myers with easy access to beaches, golf courses, and downtown; Two bedrooms, 2.5 bathrooms, including **master suite with en‑suite bathroom**
