Why Live in Palm Lee Park
Fort Myers’ Palm Lee Park neighborhood is defined by its lower-cost single-family homes and its proximity to downtown. Streets have sidewalks with palm trees and live oaks and feature a park in the center in the center. Single story homes have front and back lawns, with the area reminiscent of “old Florida,” with most built between the 1960s and 1980s, says Kasey Thompson, a broker with Safe Harbor Realty Inc. “It’s probably one of the most affordable neighborhoods to buy into,” says Thompson. Homes in Palm Lee Park range between $250,000 and $400,000. Craftsman, Florida cracker box and ranch-style homes are the predominant types in the area. Residential and commercial lots are also for sale. Thompson says that many buyers in the neighborhood are families and locals, but tourists buy second homes for vacation or rent. Thompson also says the area has no homeowner’s association. Students start at nearby Orangewood Elementary, which has a B-minus grade on Niche, then on to B-graded Paul Lawrence Dunbar Middle School. Fort Myers High School has an A and offers several programs for students to pursue careers in law or finance.
Home Trends in Palm Lee Park, FL
On average, homes in Palm Lee Park, Fort Myers sell after 64 days on the market compared to the national average of 51 days. The median sale price for homes in Palm Lee Park, Fort Myers over the last 12 months is $315,000, down 8% from the median home sale price over the previous 12 months.
Median Sale Price
$315,000
Median Single Family Sale Price
$315,000
Average Price Per Sq Ft
$228
Number of Homes for Sale
9
Last 12 months Home Sales
55
Median List Price
$330,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-8%