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Riverfront Condo in Golf Community

5260 S Landings Drive 805 Fort Myers, FL 33919

5260 S Landings Drive 805, Fort Myers, FL, 33919
$329,000
For Sale
Claim this Listing
$329,000

Condo with river views, golf, and marina access.

Property Size2,215 SF
Price / SF$148.53
AddedOct 22, 2024
Days on Market632
Last RefreshApr 6 at 1:53 am

Property Features for 5260 S Landings Drive 805

General Information

Standard status
Active
Size
2,215 SF
Property subtype
Condo/Townhome

Building Details

Year Built
1983

Listing office Cornerstone Coastal Properties

Listing date Oct 22, 2024

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 Cornerstone Coastal Properties


Investment Insights

Based on property information with market context.

This unit, situated in a bundled golf community with a riverfront setting, is suitable for seasonal or annual living and has income-producing rental potential. The layout provides river views from every room, featuring a great room design, plantation shutters on all slider systems, and a spacious kitchen with a breakfast bar. Custom mirrors accent the dining area. The master suite includes a private entry to the balcony overlooking the river. A guest room/den with a Murphy bed and walk-in closet also has a large slider system opening to the great room. A large laundry room offers ample storage. The Landings is a gated community with a country club setting and 24/7 guard service. Amenities include an 18-hole executive golf course, a 192 wet slip marina accommodating vessels up to 65 feet (available on a first-come, first-served basis), 13 Har-Tru tennis courts with tennis leagues for all levels, 8 pickleball courts, a fitness center, bocce ball courts, a resort-style pool, two restaurants, and walking/biking trails. The property is located between the beaches and the redeveloped River District of Fort Myers, providing convenient access to both. The property size is 2215 square feet.

Key Highlights

  • Bundled golf community with an 18‑hole executive course
  • Enjoy the riverfront setting with river views from every room
  • Gated community with 24/7 guard

Local 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 $51.6k $23.28
− Vacancy −$2.2k −$0.98
EGI $49.4k $22.30
− OpEx −$22.2k −$10.04
NOI $27.2k $12.27
2,215 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$388.1K
$339.6K – $452.8K (±1% cap)
NOI $27,170 @ 7.0% cap · market cap 8.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$697.2K
$610.0K – $813.4K (±1% cap)
NOI $48,801 @ 7.0% cap · market cap 14.83%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Fort Myers Republican ... Advocacy Group

Suggested Use

(Bike/Boat/Book/etc) Store Grocery & Convenience Store Furniture & Home Goods Auto Parts Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Florist Plumbing Service Bakery Wine and Liquor Store

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

FAQs

What type of property is this?
Short term rental property - Condo with river views, golf, and marina access.
Where is this short term rental property located?
The property is located at 5260 S Landings Drive 805 Fort Myers, FL.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Bundled golf community with an 18‑hole executive course; Enjoy the riverfront setting with river views from every room; Gated community with 24/7 guard
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