Top Floor End
9111 Southmont Cove 401 Fort Myers, FL 33908
For Sale
$598,000
Lake Village condo with stunning views and recent upgrades.
Property Size2,056 SF
Lot Size0.43 Acres
Price / SF$290.86
Days on Market620
Property Features for 9111 Southmont Cove 401
General Information
- Standard status
- Active
- Size
- 2,056 SF
- Lot size
- 0.43 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1998
Listing Agency:
Premier Florida Realty of SWFL
(239) 691-7206
Listed By:
Matt Finn · License #258000961
(239) 691-7206
Source:
Exitrealty
Added: Nov 10, 2024
Changed: Jul 6
Last Checked: Jul 23 at 9:16AM
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 Premier Florida Realty of SWFL
Investment Insights
Based on property information with market context.
This top-floor end unit is located in Sutton Walk within the Lake Village of Lexington Country Club. The property offers views of the lake, preserve, and Fort Myers Beach skyline from the lanai. It is situated within walking distance of the Island Club, Tiki Bar, and tennis courts, and is located near the Sutton Walk pool. The unit features crown moldings and solid surface counters. The air conditioning system was replaced in 2023, and the water heater, refrigerator, and dishwasher were replaced in 2024. The property is being sold fully furnished and turnkey. The unit is currently rented for February and March 2026 at a rate of $6,500 per month, and the new owner will be required to honor the existing rental agreement while retaining the rental income. The property size is 2,056 square feet.
Key Highlights
- Breathtaking Lake, Preserve, and Fort Myers Beach skyline views.
- Turnkey furnished.
- Pay as you play golf in Lexington Country Club.
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 | $47.9k | $23.28 |
| − Vacancy | −$2.0k | −$0.98 |
| EGI | $45.9k | $22.30 |
| − OpEx | −$20.6k | −$10.04 |
| NOI | $25.2k | $12.27 |
2,056 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$360.3K
$315.2K – $420.3K
NOI $25,219 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$647.1K
$566.2K – $755.0K
NOI $45,298 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Lake Village condo with stunning views and recent upgrades.
Where is this residential income property located?
The property is located at 9111 Southmont Cove 401 Fort Myers, FL.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: Breathtaking Lake, Preserve, and Fort Myers Beach skyline views.; Turnkey furnished.; Pay as you play golf in Lexington Country Club.
