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For sale
Residential income properties
FL
Fort Myers
33908
16500 Crownsbury Way 101

Crown Colony Condo with Views

16500 Crownsbury Way 101, Fort Myers, FL 33908

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For Sale

$349,000

Two-bedroom condo with lake and golf course views.

Type:Condo/Townhome

Property size:

1,632 SF

Price / SF:

$213/SF

HighLights

Fantastic lake and golf course views with eastern exposure.
Condo fees cover extensive amenities: cable/internet, water/sewer, building insurance, pest control, lawn care, 24‑hour security, pool/spa, fitness center, and tennis.
New A/C system installed in 2023.
Furniture included.
Optional Golf Club at Crown Colony membership with incentives for new residents and no waitlist.
Convenient location near shopping, dining, beaches, Lakes Park, and HealthPark.

We can help!

Listing Contact

Kimberley Andrews

For Sale

$349,000

Two-bedroom condo with lake and golf course views.

Type:Condo/Townhome

Property size:

1,632 SF

Price / SF:

$213/SF

Added:: Jan 20, 2025
Days on Market:: 511
Last Refresh:: May 19 at 10:46 pm

Property Features for 16500 Crownsbury Way 101

General Information

Standard status: Active
Size: 1,632 SF
Property subtype: Condo/Townhome

Building Details

Year Built: 2005

We can help!

Listing Contact

Kimberley Andrews

Listing agent Kimberley Andrews License #258002251

Listing office Crown Colony Realty, LLC

Listing date Jan 20, 2025

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 Crown Colony Realty, LLC

HighLights

Fantastic lake and golf course views with eastern exposure.
Condo fees cover extensive amenities: cable/internet, water/sewer, building insurance, pest control, lawn care, 24‑hour security, pool/spa, fitness center, and tennis.
New A/C system installed in 2023.
Furniture included.
Optional Golf Club at Crown Colony membership with incentives for new residents and no waitlist.
Convenient location near shopping, dining, beaches, Lakes Park, and HealthPark.

Overview

This condo in Crown Colony features lake and golf course views, with eastern sunrises and wildlife viewing opportunities. The property includes 2 bedrooms, a den, 2 bathrooms, and a 2-car garage. A spacious screened lanai provides outdoor living space. The kitchen is equipped with stainless steel appliances, a breakfast bar, and a large pantry. The living room overlooks the view, and the condo benefits from natural light throughout. The primary suite includes a walk-in closet, and the primary bathroom has a shower, a soaking tub, and dual sinks. Furniture is included with the property. The air conditioning system was installed in 2023. Accordion shutters are installed on the lanai. Condo fees cover Xfinity cable and internet, water and sewer, building insurance including flood, pest control, lawn care, 24-hour guard gate security, a community pool and spa, fitness center, and tennis facilities. Membership at The Golf Club at Crown Colony is optional, with incentives for new residents and no waitlist. The location offers proximity to shopping, dining, beaches, Lakes Park, and HealthPark. The property has a size of 1632 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$38.0k	$23.28
− Vacancy	−$1.6k	−$0.98
EGI	$36.4k	$22.30
− OpEx	−$16.4k	−$10.04
NOI	$20.0k	$12.27

1,632 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$286.0K

$250.2K – $333.6K (±1% cap)

NOI $20,018 @ 7.0% cap · market cap 5.74%

Second Best

—

no second resolved use

Theoretical Best

Office A

$513.7K

$449.5K – $599.3K (±1% cap)

NOI $35,956 @ 7.0% cap · market cap 10.30%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Residential income properties

Suggested Use

Location Insight

Map
Local Demand

City: Fort Myers
County: Lee
State: Florida
Longitude: -81.8979112
Latitude: 26.497918

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For sale
Residential income properties
FL
Fort Myers
33908
16500 Crownsbury Way 101

What type of property is this?

Residential income property - Two-bedroom condo with lake and golf course views.

Where is this residential income property located?

The property is located at 16500 Crownsbury Way 101 Fort Myers, FL.

What is the asking price?

The asking price for this property is $349,000.

What are key features of this property?

This property features: Fantastic lake and golf course views with eastern exposure.; Condo fees cover extensive amenities: cable/internet, water/sewer, building insurance, pest control, lawn care, 24‑hour security, pool/spa, fitness center, and tennis.; New A/C system installed in 2023.