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    Waterfront Land Ready for Development Title is generated by Realmo AI

    8259 Estero Boulevard, Fort Myers Beach, FL 33931

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    Claim this Listing
    For Sale
    $949,000

    LAND - Fort Myers Beach, FL

    Lot size:
    0.26 Acres
    Added:
    Oct 31, 2025
    Days on Market:
    195
    Last Refresh:
    May 13 at 4:06 am

    Property Features for 8259 Estero Boulevard

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    03-47-24-W3-00242.0000
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LAGUNA SHORES UNIT 2 PB 9 PG 84 LOT 42
    Tax Annual Amount
    6157

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Waterfront, Canal Access, Seawall
    Water front
    1

    We can help!

    Listing Contact
    Ross Hunt
    Ross Hunt

    Listing agent Ross Hunt License #251560286

    Listing office Realty One Group Connections 15065 McGregor Boulevard, #105, Estero, FL

    Listing date Oct 31, 2025

    MLS# 2025017955 Listing URL

    Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • New seawall in process on a canal‑front lot with direct Gulf access (5‑minute boat ride).
    • Boat dock with a 14,000‑pound lift included.
    • Deeded beach access directly across the boulevard.
    • Utilities operational, engineering plans available, and builder introductions offered.
    • Ready to build your dream home and enjoy daily sunsets.
    • Close to beaches, boating, and amenities like golf, tennis, shopping, and dining.

    Overview

    Located in the Laguna Shores boating community at the southern tip of Fort Myers Beach, this waterfront land offers convenient Gulf access. A five-minute boat ride through Estero Bay from the dock leads to the Gulf. The property provides the opportunity to witness sunsets. This canal and beachfront lot is prepared with operational utilities and readily available engineering plans. A boat dock equipped with a 14,000-pound lift is available. Deeded beach access is located directly across the boulevard. The lot is ready for construction of a residence. Nearby amenities include golf, tennis, boat rentals, fishing, jet skiing, kayaking, the Key West high-speed ferry, shopping, and island clubs and eateries. The location also provides access to the amenities of Naples, Bonita Springs, Estero, and Fort Myers. RSW is a 30-minute drive away, and Punta Gorda is a 45-minute drive away. The lot size is 0.257 acres. A new sea wall is in progress.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Nail Salon Gym & Fitness Center Auto Repair Shop Big Box & Wholesale Store Food Market Electronics & Wireless Store Hotel & Motel Wine and Liquor Store

    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
    -81.887946
    Latitude
    26.404717

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    FAQs

    What type of property is this?
    Waterfront Land - Waterfront lot with Gulf access and new seawall in progress.
    Where is this waterfront land located?
    The property is located at 8259 Estero Boulevard Fort Myers Beach, FL.
    What is the asking price?
    The asking price for this property is $949,000.
    What are key features of this property?
    This property features: New seawall in process on a canal‑front lot with direct Gulf access (5‑minute boat ride).; **Boat dock with a 14,000‑pound lift included.**; Deeded beach access directly across the boulevard.
    (859) 445-5119
    We can help!
    Listing Contact
    Ross Hunt
    Ross Hunt
    Real Estate License ID: 251560286
    Learn More
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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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