5 months on rocket

229 Fairweather Ln, Fort Myers Beach, FL, 33931

$900,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Full Baths
Multi

Location

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229 Fairweather Ln, Fort Myers Beach$900,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1965
HeatingNone
CoolingCeiling Fan(s), Window Unit(s), Wall Unit(s)
WaterfrontNone
MLS #224051861
Lot Size0.10 Acres
StatusActive

About 229 Fairweather Ln

Price Improvement! This quadraplex has a productive history as a vacation rental and also as a long term rental investment. It is located in a weekly rental zone enhancing the investment opportunities. It has 4 recently renovated one-bedroom, one-bath units each with a full kitchen and a living and dining area. Recent renovations include 4 totally new bathrooms, 2 new kitchens and a new roof in 2017. The roof was unaffected by Ian as it was built with additional anchors at every foot to keep the structure secure. Due to Hurricane Milton, the first floor drywall has been removed and has not yet been replaced. The hot water heaters are new and the first floor units have new wiring and plumbing. Floors throughout the 4 units are attractive ceramic tile. There is one parking space assigned for each apartment. The building also offers a common washer and dryer and a peaceful patio in a tropical backyard setting. The location is ideal! It is a short leisurely walk to the beach. A beach access point is conveniently located approximately one block from the property. Access to Fort Myers Beach is open year-round from sunrise until past sunset. Guests will enjoy walking to Times Square and visiting a variety of shops and restaurants and a fishing pier. This property has a steady history of guests who have enjoyed fishing from the nearby pier or boating along the Gulf and stopping to dine at all the popular seafood restaurants. There are also parks in close proximity and many opportunities to travel to Sanibel and Captiva or take the jet powered catamarans from Fort Myers Beach to beautiful Key West. As a vacation rental the gross rent was $90,000 to $100,000 per year minus expenses for tourist tax and cleaning. The current income is from long term rentals with stable leases of $1600 monthly for each of three units and $1000 per month for the fourth tenant. There is $70,000 - $76,000 per year long term rental income. All 4 tenants would like to stay. If you are an investor looking for a steady income either as a long term or vacation rental asset this is the place for you. If you love the beach and all it has to offer, consider using one of the units for yourself and renting out the others for a steady and reliable profit. The first floor unit on the right will be available for initial tours. Once there is continued interest the others will be available. The two first floor units sustained some drywall damage from Milton. The affected drywall was removed the next day and all was dried out and ready for drywall replacement.

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1965
  • Stories: 2

Listing Office:

  • Office Name: Sellstate Priority Realty
  • Office Phone: (239) 574-8888
  • Listing Agent: Carol Hilleary

Interior Features

Interior Information:

  • Flooring Type: Tile

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • Exterior: Patio

Lot Features

Lot Information:

  • Lot: Rectangular Lot
  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: Ceiling Fan(s), Window Unit(s), Wall Unit(s)

Other

Directions Information:

  • Directions: From Fort Myers on San Carlos Blvd. turn left on Estero Blvd. to left on Fairweather Lane to 229 on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $900,000

Tax Information:

  • Annual Amount: $5,470
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Fort Myers Beach, FL.

Med. Sold Price

$653.5K

Med. Price/SqFt

$527

Avg. Days On Market

87

# of Sold Homes

7

229 Fairweather Ln vs Fort Myers Beach

155 DAYS ON ROCKET

+68 Days

$900,000

+$246.5K More

KEY TAKEAWAY

This property is $246.5K more than the Median Sold Price in Fort Myers Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SWFL
  • MLS Number: #224051861

Listing Office:

  • Office Name: Sellstate Priority Realty
  • Office Phone: (239) 574-8888
  • Listing Agent: Carol Hilleary

IDX The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 10:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 02, 2015Home Sold
$440,000
Sep 29, 1997Home Sold
$24,500

Tax History

YEARPROP. TAXASSESSMENT
2020$5,470$339,956
2019$5,363$331,878
2018$5,229$327,042
2017$5,111$313,317

History based on county public records data.

Payment Calculator

$4,559

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,765

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-449365
10
/10
  • Fort Myers Beach Elementary School

  • 2751 Oak St

  • 0.45 miles

  • Public District Grades KG-5

school-card-donut-449366
5
/10
  • Harlem Heights Community Charter School

  • 15570 Hagie Dr

  • 4.49 miles

  • Public Charter Grades KG-5

school-card-donut-449367
7
/10
  • Heights Elementary School

  • 15200 Alexandria Ct

  • 4.94 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $57,159. Typical income of Fort Myers Beach, FL residents is between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas


Rocket Homes›Florida›Lee County›Fort Myers Beach›33931›229 Fairweather Ln

This home is located at 229 Fairweather Ln in Fort Myers Beach, FL and zip code 33931. This home, which was built in 1965, sits on a 0.10 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 20, 2024 and is currently priced at $900,000.

Over 0 listings were sold over their listed price in October 2024 in Fort Myers Beach, FL. In the same period over 7 listings were sold below the listed price and 0 listings were sold for the listed price. In October 2024 in Fort Myers Beach, FL there were 7.2% more homes for sale than in September 2024. Listings spent 87 days on the market in October 2024, and had a median list price of $653,500 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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