End-Unit Duplex with Lake
For Sale
$385,000
8509 Fairway Bend Dr, Estero, FL 33967
Residential, Duplex, End-Unit, ESTERO, FL
Property Size1,775 SF
Lot Size0.13 Acres
Price / SF$216.90
Days on Market191
Property Features for 8509 Fairway Bend Dr
General Information
Property type
Residential
Property subtype
Duplex
Zoning
PUD
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Family Room, Laundry Room, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Den
Parking
2
Parking features
Driveway, Guest
Window features
Window Coverings
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Built-In Cabinets, Smoke Detectors, Walk-In Closet(s), Window Coverings
Exterior features
Screened Lanai/Porch
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator/Icemaker, Self Cleaning Oven, Washer
Subdivision
FAIRWAY BEND VILLAGE
Lot features
Regular, Regular
View
Golf Course, Lake
Elementary school
THREE OAKS ELEMENTARY
Middle school
SCHOOL CHOICE
High school
SCHOOL CHOICE
Standard status
Active
APN
21-46-25-E1-04000.0030
Size
1,775 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FAIRWAY BEND VILLAGE AT THE VINES PB 48 PG 8 LOT 3
Tax Annual Amount
2327
HOA Fee
$14,751 Annually
Legal Description
FAIRWAY BEND VILLAGE AT THE VINES PB 48 PG 8 LOT 3
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Ceiling Fan(s), Central Air
Water front features
Lake
Water front
1
Amenities
community pool
country club access
Building Details
Year built
1996
Floors in Building
1
Number of units
2
Flooring type
Carpet, Tile
Building materials
Concrete Block, Stone
Roof type
Tile
Architectural style
Other
Listing Agency:
Douglas Elliman Florida,LLC
(239) 799-5300
Listed By:
Brittany Skotak, PA · License #488004471
(239) 290-5409
Added: Feb 22
Changed: Aug 24
Last Checked: Sep 1 at 1:06PM
MLS# 226007748
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This end-unit duplex is arranged as a 1,775-square-foot attached villa with two bedrooms, a den, and two bathrooms. Built in 1996, the residence includes a split-bedroom floor plan, a spacious family room, a kitchen connected to the dining and living areas, and a primary suite with lanai access, walk-in closet, and ensuite bath. A screened lanai overlooks the lake and golf course, while southern exposure brings natural light into the home. The property also includes a two-car garage, tile roof, tile and carpet flooring, central air, and a PUD zoning designation.
Recent improvements include a newer roof, air-conditioning system, garage door opener, and refreshed appliances. Fairway Bend residents have access to a community pool, while Estero Country Club offers golf, tennis, pickleball, fitness, dining, and social amenities. The property is located near shopping, restaurants, and RSW Airport in Estero, Florida.
Recent improvements include a newer roof, air-conditioning system, garage door opener, and refreshed appliances. Fairway Bend residents have access to a community pool, while Estero Country Club offers golf, tennis, pickleball, fitness, dining, and social amenities. The property is located near shopping, restaurants, and RSW Airport in Estero, Florida.
Key Highlights
- 2 bedroom plus den, 2 bath attached villa with 1,775 square feet
- End‑unit layout with screened lanai and lake and golf course views
- Southern exposure provides natural light throughout the residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,494
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$469,880
$469.9K
Cap Rate 7%
$335,629
$335.6K
Cap Rate 9%
$261,044
$261.0K
Market Conditions
NOI Build-Up for 1,775 SF
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.
Gross rent
$35.1K $19.80/SF
− Vacancy
−$1.6K −$0.89/SF
EGI
$33.6K $18.91/SF
− OpEx
−$10.1K −$5.67/SF
NOI
$23.5K $13.24/SF
Area
Lee County, FL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$469,880
Cap Rate 7%
$335,629
Cap Rate 9%
$261,044
Alternative Uses
Best Use
Multifamily LT 5
$335.6K
$293.7K – $391.6K
NOI $23,494 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$311.0K
$272.2K – $362.9K
NOI $21,773 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$558.7K
$488.8K – $651.8K
NOI $39,107 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 33967, FL
28,174
Population
11,685
Households
2.4
Avg Household Size
35
Median Age
36%
College-Educated
92%
High-School Grad
7.6 sq mi
ZIP Area
3,707
Density / Sq Mi
$84,787
Median Household Income
$48,792
Median Earnings
$1,695
Median Rent
$321,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Attached villa offers a screened lanai, split-bedroom layout, and updated appliances.
Where is this duplex located?
The property is located at 8509 Fairway Bend Dr Estero, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2 bedroom plus den, 2 bath attached villa with 1,775 square feet; End‑unit layout with screened lanai and lake and golf course views; Southern exposure provides natural light throughout the residence
