Remodeled Residential Income
New
For Sale
$360,000
16580 Timberlakes Dr #1, Fort Myers, FL 33908
The 2-bedroom home pairs a golf course and water outlook with two lanais and a two-car garage.
Property Size1,898 SF
Price / SF$189.67
Days on Market6
Property Features for 16580 Timberlakes Dr #1
General Information
Standard status
Active
Size
1,898 SF
Total Parking Spaces
2
Property subtype
Townhouse
Amenities
golf course view
water view
stainless steel appliances
washer and dryer
ceiling fans
private lanai
screened lanai
outdoor wet bar
cathedral ceilings
pocketing sliding doors
spa bathroom
walk-in closet
dual sinks
electric hurricane shutters
sidewalks
children's park
manned entry gates
Building Details
Year Built
1984
Construction
Contemporary Style
Listing Agency:
Keller Williams Elite Realty
(239) 949-8338
Listed By:
Ted Stout · License #274500881
(239) 313-8020
Source:
Realmarkrealty
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 28 at 8:15AM
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 Elite Realty
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Investment Insights
Based on property information with market context.
Built in 1984 and extensively rebuilt, this 2-bedroom, 2-bath residence has a contemporary interior, a great-room layout, and a 2-car garage. The kitchen features stainless steel appliances, quartz counters, and soft-close cabinetry. Updates include plumbing, electrical wiring, HVAC, flooring, lighting, and paint. The primary suite offers a walk-in closet, dual sinks, a glass shower, and a separate soaking tub. A laundry and storage room includes a washer and dryer. One lanai is private; the second is screened and has a wet bar. Golf course and water views are part of the setting.
Eagles' Landing is a homeowners association within The Forest community. Optional membership is available at The Forest Country Club. The broader community has two staffed entry gates and more than 8 miles of sidewalks. Coffee shops are within walking distance, and Lakes Park is nearby. The property is approximately 15 minutes from RSW, 20 minutes from Sanibel Beach, and 25 minutes from FMB. The association permits one dog or one cat, with a 35-pound maximum.
Eagles' Landing is a homeowners association within The Forest community. Optional membership is available at The Forest Country Club. The broader community has two staffed entry gates and more than 8 miles of sidewalks. Coffee shops are within walking distance, and Lakes Park is nearby. The property is approximately 15 minutes from RSW, 20 minutes from Sanibel Beach, and 25 minutes from FMB. The association permits one dog or one cat, with a 35-pound maximum.
Key Highlights
- 2 bedrooms, 2 full baths, and a 2‑car garage
- Golf course and water views
- Kitchen with stainless steel appliances, quartz counters, and soft‑close cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,281
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,620
$465.6K
Cap Rate 7%
$332,586
$332.6K
Cap Rate 9%
$258,678
$258.7K
Market Conditions
NOI Build-Up for 1,898 SF
Gross rent
$44.2K $23.28/SF
− Vacancy
−$1.9K −$0.98/SF
EGI
$42.3K $22.30/SF
− OpEx
−$19.0K −$10.04/SF
NOI
$23.3K $12.27/SF
Area
Lee County, FL
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,620
Cap Rate 7%
$332,586
Cap Rate 9%
$258,678
Alternative Uses
Best Use
Apartment 5plus
$332.6K
$291.0K – $388.0K
NOI $23,281 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$597.4K
$522.7K – $697.0K
NOI $41,817 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
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Demographics for 33908, FL
43,110
Population
32,067
Households
1.3
Avg Household Size
63
Median Age
44%
College-Educated
96%
High-School Grad
34.2 sq mi
ZIP Area
1,261
Density / Sq Mi
$74,711
Median Household Income
$50,063
Median Earnings
$1,829
Median Rent
$346,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 2-bedroom home pairs a golf course and water outlook with two lanais and a two-car garage.
Where is this residential income property located?
The property is located at 16580 Timberlakes Dr #1 Fort Myers, FL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 2 bedrooms, 2 full baths, and a 2‑car garage; Golf course and water views; Kitchen with stainless steel appliances, quartz counters, and soft‑close cabinetry
