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    Waterfront Land in Active Community Title is generated by Realmo AI

    17841 Peppard Dr lot 321, Fort Myers Beach, FL 33931

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    Claim this Listing
    For Sale
    $170,000

    LAND - FORT MYERS BEACH, FL

    Lot size:
    0.09 Acres
    Added:
    Jul 21, 2025
    Days on Market:
    319
    Last Refresh:
    Jun 4 at 6:06 pm

    Property Features for 17841 Peppard Dr lot 321

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    MH-1
    Exterior features
    Boat Lift, Dock Included
    Standard status
    Active
    APN
    07-46-24-10-00000.3210
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    BAYSIDE ESTATES UNIT 5 PB 30 PG 133 LOT 321
    Tax Annual Amount
    2158

    Utilities

    Utilities
    Cable Available
    Water front
    1

    We can help!

    Listing Contact
    Krista Asquith PA

    Listing agent Krista Asquith PA

    Listing office Premiere Plus Realty Company 3409 Pelican Landing Parkway, Naples, FL

    Listing date Jul 21, 2025

    MLS# 225064241 Listing URL

    Copyright © 2026 Bonita Springs-Estero REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Direct Gulf access from a private dock with a 10,000 lb. boat lift and fishing station.
    • Located in the desirable 55+ community of Bayside Estates.
    • Proximity to Fort Myers Beach and Jimmy Buffett's Margaritaville Resort (2.5 miles).
    • Enjoy an amenity‑rich lifestyle with pickleball, tennis, bocce, and a community pool.
    • Eastern rear exposure provides beautiful morning sunrises.
    • Opportunity to build a custom home.

    Overview

    This property presents a rare opportunity within the 55+ community of Bayside Estates, situated approximately 2.5 miles from Fort Myers Beach and Jimmy Buffett's Margaritaville Resort. This canal-front lot provides direct Gulf access, allowing for a waterfront lifestyle. The eastern rear exposure offers morning sunrises, creating a setting for building a custom home. The property includes a private dock, a 10,000 lb. boat lift, and a fishing station, suitable for boating, kayaking, and fishing. The community provides amenities such as pickleball, tennis, bocce, a community pool, and social events. The lot size is approximately 0.093 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers Beach
    County
    Lee
    State
    Florida
    Longitude
    -81.937173
    Latitude
    26.481757

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    FAQs

    What type of property is this?
    Waterfront Land - Canal-front lot with Gulf access in 55+ community.
    Where is this waterfront land located?
    The property is located at 17841 Peppard Dr lot 321 Fort Myers Beach, FL.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: Direct Gulf access from a private dock with a 10,000 lb. boat lift and fishing station.; Located in the desirable 55+ community of Bayside Estates.; Proximity to Fort Myers Beach and Jimmy Buffett's Margaritaville Resort (2.5 miles).
    (239) 732-7837
    We can help!
    Listing Contact
    Krista Asquith PA
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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