Elevated Duplex Near
For Sale
$675,000
17284 Whitewater Ct Unit 286, Fort Myers Beach, FL 33931
Two-unit property with a metal roof, covered parking, and recent painting.
Property Size2,230 SF
Price / SF$302.69
Days on Market50
Property Features for 17284 Whitewater Ct Unit 286
General Information
Standard status
Active
Size
2,230 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
covered parking
Building Details
Year Built
2017
Listing Agency:
Knowledge Base Real Estate
Listed By:
Ben Brucker
(239) 445-4053
Source:
Naplesareapropertysearch
Added: Aug 30
Changed: Oct 10
Last Checked: Oct 16 at 9:33AM
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 Knowledge Base Real Estate
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Investment Insights
Based on property information with market context.
Built in 2017, this duplex contains two residential units within 2,230 square feet. The elevated structure features a metal roof and ample covered parking, while recent painting provides a refreshed presentation. The property is identified as income-producing, with the owner currently negotiating lease renewals for both units at increased rates.
The duplex is located near the beach at 17284 Whitewater Ct Unit 286 in Fort Myers Beach, Florida. Its two-unit configuration, established improvements, and covered parking offer a straightforward residential income property format.
The duplex is located near the beach at 17284 Whitewater Ct Unit 286 in Fort Myers Beach, Florida. Its two-unit configuration, established improvements, and covered parking offer a straightforward residential income property format.
Key Highlights
- Two‑unit duplex built in 2017
- 2,230‑square‑foot property near the beach
- Elevated construction with a metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,517
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,340
$590.3K
Cap Rate 7%
$421,671
$421.7K
Cap Rate 9%
$327,967
$328.0K
Market Conditions
NOI Build-Up for 2,230 SF
Gross rent
$44.2K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$42.2K $18.91/SF
− OpEx
−$12.7K −$5.67/SF
NOI
$29.5K $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%
$590,340
Cap Rate 7%
$421,671
Cap Rate 9%
$327,967
Alternative Uses
Best Use
Multifamily LT 5
$421.7K
$369.0K – $492.0K
NOI $29,517 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$390.8K
$341.9K – $455.9K
NOI $27,354 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$701.9K
$614.1K – $818.9K
NOI $49,131 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
Demographics for 33931, FL
9,389
Population
14,561
Households
0.6
Avg Household Size
68
Median Age
37%
College-Educated
97%
High-School Grad
10.3 sq mi
ZIP Area
912
Density / Sq Mi
$80,438
Median Household Income
$38,723
Median Earnings
$1,500
Median Rent
$475,100
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-unit property with a metal roof, covered parking, and recent painting.
Where is this duplex located?
The property is located at 17284 Whitewater Ct Unit 286 Fort Myers Beach, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2017; 2,230‑square‑foot property near the beach; Elevated construction with a metal roof
