Waterside Condo with Sunset
4191 Bay Beach Lane 253 Fort Myers Beach, FL 33931
For Sale
$649,000
Pristine 3 bed, 2 bath condo with Gulf views.
Property Size1,636 SF
Lot Size0.48 Acres
Price / SF$396.70
Days on Market616
Property Features for 4191 Bay Beach Lane 253
General Information
- Standard status
- Active
- Size
- 1,636 SF
- Lot size
- 0.48 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1998
Listing Agency:
Sun Coast Global, Inc.
(239) 233-9966
Listed By:
Tony Provinzino · License #258008886
(239) 233-9966
Source:
Exitrealty
Added: Nov 14, 2024
Changed: Jul 6
Last Checked: Jul 23 at 4:48AM
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 Sun Coast Global, Inc.
Investment Insights
Based on property information with market context.
Located in the premier gated community of Waterside on Fort Myers Beach, this pristine condo offers sunset views of the Gulf of Mexico, Big Carlos Pass, Lovers Key, and the intercoastal waterway. Situated on the 5th floor of Waterside Building II, the furnished unit features 3 bedrooms, 2 bathrooms, surround sound, and 9-foot ceilings. The property size is 1636 square feet. Waterside provides deeded beach access, a private fishing pier, gate attendant, exercise room, sauna, social room, lighted clay tennis courts, and a resort-style pool. Residents can enjoy biking and walking paths, as well as new bocce ball and pickleball courts. Guest suites are available within the building for visitors. The location offers convenient access to the beach and nearby Fishtail Marina for boat rentals. Boat slips are available for rent or purchase. Located on the south end of the beach, the condo provides quick access to the shops of Promenade, Coconut Point, and Fifth Avenue in South Naples.
Key Highlights
- Gulf of Mexico sunset views from a 5th‑floor condo
- Deeded beach access in a premier gated community (Waterside)
- Furnished 3‑bed, 2‑bath condo with 9‑foot ceilings
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 | $38.1k | $23.28 |
| − Vacancy | −$1.6k | −$0.98 |
| EGI | $36.5k | $22.30 |
| − OpEx | −$16.4k | −$10.04 |
| NOI | $20.1k | $12.27 |
1,636 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$286.7K
$250.9K – $334.5K
NOI $20,068 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.9K
$450.6K – $600.7K
NOI $36,044 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Waterside II At Bay ...
Condominium Complex
Fairview Forest Products ...
General Contractor
FAQs
What type of property is this?
Residential income property - Pristine 3 bed, 2 bath condo with Gulf views.
Where is this residential income property located?
The property is located at 4191 Bay Beach Lane 253 Fort Myers Beach, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Gulf of Mexico sunset views from a 5th‑floor condo; Deeded beach access in a premier gated community (Waterside); Furnished 3‑bed, 2‑bath condo with 9‑foot ceilings
