First-Floor 55+ Condo with
7104 NANTUCKET CIRCLE #3 North Fort Myers, FL 33917
New
7104 NANTUCKET CIRCLE #3, North Fort Myers, FL, 33917
$145,900
For Sale
$145,900
Turnkey first-floor condo in an active 55+ community with a screened lanai and in-unit washer and dryer.
Property Size1,080 SF
Price / SF$135.09
Days on Market5
Property Features for 7104 NANTUCKET CIRCLE #3
General Information
- Standard status
- Active
- Size
- 1,080 SF
- Property subtype
- Condo - Hotel
Building Details
- Year Built
- 1983
Listing Agency
JOHN R WOOD PROPERTIES
(239) 472-2411
Listed by
Darryl Eberly · License #3427591
Source
Endlesssummerrealty
Added: Jul 17 Updated: Jul 20 at 4:39 am Checked: Jul 20 at 4:39 am
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 JOHN R WOOD PROPERTIES
Investment Insights
Based on property information with market context.
This tastefully furnished, turnkey first-floor condo is located within Nantucket Commons, an active 55+ community. The residence features porcelain tile flooring throughout, impact-resistant windows and sliding glass doors, and a remodeled kitchen with unique granite countertops, stainless steel appliances, and wood cabinetry. A Trane A/C system helps provide year-round comfort.
Additional highlights include a screened lanai overlooking manicured community grounds, electric hurricane shutters on the lanai, and a solid aluminum entry door with a Ring doorbell. The unit also includes an in-unit washer and dryer and a new water heater.
Residents can enjoy community amenities including a pool, picnic area, and shuffleboard. Please note that dogs are not permitted. The property is described as just minutes from restaurants, shopping, entertainment, and the Fort Myers River District.
Additional highlights include a screened lanai overlooking manicured community grounds, electric hurricane shutters on the lanai, and a solid aluminum entry door with a Ring doorbell. The unit also includes an in-unit washer and dryer and a new water heater.
Residents can enjoy community amenities including a pool, picnic area, and shuffleboard. Please note that dogs are not permitted. The property is described as just minutes from restaurants, shopping, entertainment, and the Fort Myers River District.
Key Highlights
- 1983‑built first‑floor condo in an active 55+ community (Nantucket Commons, formerly Foxmoor II)
- Remodeled kitchen with granite countertops, stainless steel appliances, and wood cabinetry
- Impact‑resistant windows and sliding glass doors, plus Trane A/C for year‑round comfort
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 | $25.1k | $23.28 |
| − Vacancy | −$1.1k | −$0.98 |
| EGI | $24.1k | $22.30 |
| − OpEx | −$10.8k | −$10.04 |
| NOI | $13.2k | $12.27 |
1,080 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$189.3K
$165.6K – $220.8K
NOI $13,248 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.9K
$297.4K – $396.6K
NOI $23,795 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
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FAQs
What type of property is this?
Residential income property - Turnkey first-floor condo in an active 55+ community with a screened lanai and in-unit washer and dryer.
Where is this residential income property located?
The property is located at 7104 NANTUCKET CIRCLE #3 North Fort Myers, FL.
What is the asking price?
The asking price for this property is $145,900.
What are key features of this property?
This property features: 1983‑built first‑floor condo in an active 55+ community (Nantucket Commons, formerly Foxmoor II); Remodeled kitchen with granite countertops, stainless steel appliances, and wood cabinetry; Impact‑resistant windows and sliding glass doors, plus Trane A/C for year‑round comfort
