NOT LISTED FOR SALE

148 Flamingo St Fort Myers Beach, FL 33931

Estimated Value: $663,249 - $1,024,000

3 Beds
2 Baths
1,600 Sq Ft
$542/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $485,000 $303 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $5,338/month

102 Days on Market

Highlights

  • Community Beach Access
  • Boat Dock
  • Canal Access
  • Fort Myers Beach Elementary School Rated A-
  • Home fronts a seawall
  • Outdoor Fireplace

About This Home

As of August 2019

BIG $$ Reduction! Opportunity to own a renovated Gulf Access Beach Home with attached rentable Apartment. Gulf Access canal with a boat dock / lift and is on direct beach access Flamingo Rd. Walking distance to many restaurants, bars, beach movie theatre, 7-11 & more. The property is in the weekly rental zone. Proforma attached for both sides in vaca rental. Gross Projections: Apt A $24,725. Apt B $29,140. Zoned RC (Residential Conservation) which permits duplex use. 2 Legal noncoforming units. The main house is a 2/1 and the apartment is a 1 bed / 1 bath. Apartment upgrades consist of white shaker cabinets, stainless appliances, granite, walk-in glass shower, polished concrete floors, W/D in both units. The main house has new vinyl plank floors, white shaker cabs, stainless appliances, granite, dry bar, sauna, fire pit, shed, lift, hammock, Mango tree, fish cleaning station. Both sides sold turnkey / furnished. Ready for rent. Strong seawall in place with FAST Gulf access. Property can be adjoined together by an interior door way option where the dry bar is located. New HVAC's & Water Heaters. Buyer to assume Annual Lease ($3,400 p/mo) Seller is lic RE Broker in Fl.

Last Agent to Sell the Property

Steve Daria

Maxim LLC License #251501666 Listed on: 04/19/2019

Last Buyer's Agent

Laurie McPhillips-Weglarz

Paradise Realty of SWFL LLC License #82424003

Paradise Realty of SWFL LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,985

Year Built

  • Built in 1953

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 65 x 100 x 65 x 100
  • Home fronts a seawall
  • Home fronts navigable water
  • Rectangular Lot

Home Design

  • Duplex
  • Built-Up Roof
  • Vinyl Siding
  • Stucco

Interior Spaces

  • 1,600 Sq Ft Home
  • Ceiling Fan
  • Single Hung Windows

Flooring

  • Concrete
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Canal Access
  • Outdoor Fireplace
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for departure cleaning, electricity
  • Legal Lot and Block 31 / C
  • Assessor Parcel Number 33-46-24-W3-0010C.0310

Community Details

Overview

  • 2 Units
  • Flamingo Park Subdivision

Recreation

  • Boat Dock
  • Pier or Dock
  • Community Beach Access

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $10,800
  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,985

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Lot Size: 65 x 100 x 65 x 100
  • Subdivision Name: FLAMINGO PARK
  • Directions: Estero Blvd - East on Flamingo. 3rd House on right.
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Year Built: 1953
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour

Interior Features

  • Private Spa: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Outside
  • Flooring: Concrete, Vinyl
  • Window Features: Single Hung

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Private: No
  • Waterfront Features: Canal Access, Navigable Water, Seawall
  • Waterfront: Yes
  • Construction Type: Block, Frame, Concrete, Stucco, Vinyl Siding
  • Exterior Features: Room For Pool, Storage
  • Property Condition: Resale
  • Roof: Built-Up, Flat

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid
  • Water Source: Assessment Paid

Condo/Co-op/Association

  • Community Features: Boat Facilities, Street Lights
  • Amenities: Beach Access, Pier
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 33-46-24-W3-0010C.0310
  • Zoning Description: MH-2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Departure Cleaning, Electricity

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 30000.0
  • Annual Operating Expense: 10800.0

Tax Info

  • Tax Annual Amount: 3985.0
  • Tax Block: C
  • Tax Lot: 31
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2019
Closed on
Aug 30, 2019
Sold by
Daria Steven R
Bought by
Weglarz Russell J and Mcphillips Weglarz Laurie
Seller's Agent
Steve Daria
Maxim LLC
Buyer's Agent
Laurie McPhillips-Weglarz
Paradise Realty of SWFL LLC
List Price
$519,000
Sold Price
$485,000
Premium/Discount to List
-$34,000
-6.55%
Current Estimated Value
$867,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$382,062
Avg. Annual Appreciation
9.88%

Purchase Details

Listed on
Mar 29, 2017
Closed on
Aug 30, 2017
Sold by
Jose Richard E and Jose Marilyn K
Bought by
Daria Steven R
Seller's Agent
Kim Frease
Buyer's Agent
Steve Daria
List Price
$415,000
Sold Price
$305,000
Premium/Discount to List
-$110,000
-26.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.10%
Original Mortgage
$244,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 1994
Sold by
Knight Jean
Bought by
Jose Richard E and Jose Marilyn K
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Weglarz Russell J $485,000 Attorney
Daria Steven R $305,000 Attorney
Jose Richard E $9,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Daria Steven R $244,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2019 08/30/19 Sold $485,000 -6.6% $303 / Sq Ft
07/31/2019 07/31/19 Pending -- -- --
04/19/2019 04/19/19 For Sale $519,000 0.0% $324 / Sq Ft
03/08/2019 03/08/19 Rented -- -- --
02/06/2019 02/06/19 Under Contract -- -- --
01/31/2019 01/31/19 For Rent -- -- --
11/01/2018 11/01/18 Rented -- -- --
10/02/2018 10/02/18 Under Contract -- -- --
09/03/2018 09/03/18 For Rent -- -- --
02/23/2018 02/23/18 Rented -- -- --
01/24/2018 01/24/18 Under Contract -- -- --
01/19/2018 01/19/18 For Rent -- -- --
08/30/2017 08/30/17 Sold $305,000 -26.5% $275 / Sq Ft
07/31/2017 07/31/17 Pending -- -- --
03/29/2017 03/29/17 For Sale $415,000 -- $374 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,600 $521,679 -- --
2023 $6,600 $434,453 $434,443 $10
2022 $7,310 $426,104 $0 $0
2021 $6,041 $387,367 $296,608 $90,759
2020 $5,684 $354,488 $291,700 $62,788
2019 $5,459 $338,344 $243,100 $95,244
2018 $3,985 $271,099 $0 $0
2017 $4,711 $301,198 $157,500 $143,698
2016 $4,204 $250,016 $164,797 $85,219
2015 $4,205 $247,402 $165,381 $82,021
2014 -- $222,294 $162,721 $59,573
2013 -- $213,597 $190,674 $22,923
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 219030285

Florida Gulf Coast Multiple Listing Service

APN: 33-46-24-W3-0010C.0310