$799,900
$50K PRICE DROP

162 Tropical Shore Way Fort Myers Beach, FL 33931

Estimated payment $5,727/month

Total Views 3,560
4 Beds
8 Baths
2,500 Sq Ft
$320 Price per Sq Ft

Highlights

  • Boat Dock
  • Waterfront
  • Florida Architecture
  • Fort Myers Beach Elementary School Rated A-
  • Canal Access
  • Cooling System Mounted In Outer Wall Opening

About This Home

Looking for a solid long-term investment? This triplex checks all the boxes. Located on one of the best streets in Fort Myers Beach, just two blocks — about a 5-minute walk — from the beach. The property sits on a deep water canal with direct access to the ocean and no neighbors behind. It’s in a great, family-friendly neighborhood — ideal for vacationers or anyone looking for a short- or long-term rental. The layout includes one 2-bedroom, 2-bath unit and two 1-bedroom, 1-bath units, giving you plenty of options for rental income. Fort Myers is making a strong comeback, and this is a smart time to buy in. Photos are virtually staged to spark your imagination. Call us today to schedule your private tour.

Listing Agent

Joel Freis

EXP Realty LLC License #271000492 Listed on: 03/26/2025

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,557

Year Built

  • Built in 1968

Lot Details

  • 7,710 Sq Ft Lot
  • Lot Dimensions are 110 x 75 x 110 x 75
  • Waterfront
  • Fenced
  • Rectangular Lot

Home Design

  • Triplex
  • Florida Architecture
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,500 Sq Ft Home
  • 1-Story Property
  • Single Hung Windows
  • Sliding Windows

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Canal Access
  • Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 19-46-24-W3-00451.0430

Community Details

Overview

  • 3 Units
  • Hills T.P. Subdivision

Recreation

  • Boat Dock

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,557

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.177
  • Lot Size: 110 x 75 x 110 x 75
  • Road Surface Type: Paved
  • Subdivision Name: HILLS T.P.
  • Directions: Tropical Shores Way is located between Town Hall and what use to be Topps grocery store. On the right.
  • Architectural Style: Florida, Ranch, One Story
  • Building Stories: 1
  • Structure Type: Triplex
  • Year Built: 1968
  • Property Sub Type Additional: Triplex
  • Pets No Pets Comments: ,,,
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Full Bathrooms: 4
  • Half Bathrooms: 4
  • Total Bedrooms: 4
  • Flooring: Laminate, Tile
  • Window Features: Single Hung, Sliding

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Private: No
  • Waterfront Features: Canal Access
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Fence, Patio
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Electric, Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Boat Facilities, Non-Gated
  • Amenities: None
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 19-46-24-W3-00451.0430
  • Zoning Description: TFC2

Rental Info

  • Tenant Pays: Credit Check, Electricity, Gas, Telephone

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 15556.91
  • Tax Year: 2024

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $16,205 $1,137,880 $1,113,430 $20,612
2023 $10,565 $699,904 $467,916 $203,486
2022 $12,732 $852,470 $501,262 $351,208
2021 $7,148 $573,521 $485,114 $88,407
2020 $7,341 $506,656 $0 $0
2019 $6,914 $451,339 $0 $0
2018 $6,669 $439,442 $0 $0
2017 $7,041 $457,055 $338,800 $118,255
2016 $7,129 $457,605 $348,762 $108,843
2015 $3,950 $384,201 $344,177 $40,024
2014 $4,611 $353,303 $205,760 $147,543
2013 -- $297,994 $198,152 $99,842
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 Price Changed $799,900 -3.0% --
05/03/2025 05/03/25 Price Changed $824,900 -2.9% --
03/31/2025 03/31/25 For Sale $849,900 +24.1% --
02/25/2021 02/25/21 Sold $684,900 -5.5% $274 / Sq Ft
01/26/2021 01/26/21 Pending -- -- --
11/28/2020 11/28/20 For Sale $725,000 +48.0% $290 / Sq Ft
03/05/2015 03/05/15 Sold $490,000 -2.0% $196 / Sq Ft
02/03/2015 02/03/15 Pending -- -- --
11/14/2014 11/14/14 For Sale $499,800 -- $200 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Certificate Of Transfer $700,100 --
Warranty Deed $1,739,000 First American Title
Warranty Deed $684,900 Attorney
Warranty Deed $490,000 Attorney
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- Oxford Title & Escrow Inc
Warranty Deed $490,000 Accent Title Ins Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,245,000 Credit Line Revolving
Previous Owner $245,000 Commercial
Previous Owner $98,000 Future Advance Clause Open End Mortgage
Previous Owner $450,000 Commercial
Previous Owner $50,000 Credit Line Revolving
Previous Owner $392,000 Commercial
Previous Owner $50,000 Credit Line Revolving
Source: Public Records

Similar Homes in Fort Myers Beach, FL

  • 229 Fairweather Ln, Fort Myers Beach, FL 33931

    $790,000

    • 4 Beds
    • 4 Baths
    • 1,840 Sq Ft
    • 229 Fairweather Ln
    • Fort Myers Beach, FL

    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

    Carol Hilleary Sellstate Priority Realty

    Section Image
  • 130 - 132 Delmar Ave, Fort Myers Beach, FL 33931

    $874,000

    • 2 Beds
    • 2 Baths
    • 130 - 132 Delmar Ave
    • Fort Myers Beach, FL

    Imagine owning a duplex nestled in the heart of Fort Myers Beach with the flexibility of a short-term rental facility. Perfect for those seeking a vacation retreat, this property couples a strategic location with desired amenities. Situated in a weekly rental zone, this property offers an irresistible opportunity to capitalize on Fort Myers Beach's vibrant tourism. Being just a short walk away

    Alex King Premiere Plus Realty Company

    Section Image
  • 175 Tropical Shore Way Unit 177, Fort Myers Beach, FL 33931

    $840,000

    • 4 Beds
    • 3.5 Baths
    • 1,864 Sq Ft
    • 175 Tropical Shore Way
    • Unit 177
    • Fort Myers Beach, FL

    Investor Alert! Opportunity awaits. This is your chance to get in on the ground level and help rebuild paradise.This is a duplex structure ready for rebuild. Located on a Gulf access canal just minutes from the open water. This property is approved for weekly vacation rentals and is located just steps to one of the best beaches in the world.FEMA elevation grant is pending and is

    Jerry Haataja Century 21 Tri Power Realty

    Section Image
  • 12160 Siesta Dr Unit A, Fort Myers Beach, FL 33931

    $725,000

    • 2 Beds
    • 2 Baths
    • 1,695 Sq Ft
    • 12160 Siesta Dr
    • Unit A
    • Fort Myers Beach, FL

    DON'T MISS THIS WATERFRONT OPPORTUNITY! Significant Price Reduction for Quick Sale. Dock 2 boats and private poo! Outstanding boating opportunity. Less than 5 minutes to the open gulf water. Watch the sunset from your villa balcony overlooking the marina. Dock both of your boats in your direct deep water gulf access slip outside your door. Attached villa opportunity to customize and make your

    Lisa Mishler John R. Wood Properties

    Section Image
  • 12206 Siesta Dr, Fort Myers Beach, FL 33931

    $897,000

    • 3 Beds
    • 3 Baths
    • 1,625 Sq Ft
    • 12206 Siesta Dr
    • Fort Myers Beach, FL

    **WITH AN AMAZING LOCATION FOR QUICK ACCESS TO MANTANZAS PASS & SANIBEL, ITS THE BEST OF WATERFRONT LIVING WITH NOT ONE BUT TWO DOCKS!!! AND NO WORRIES OF WATER INTRUSION IN YOUR MAIN LIVING AREAS**HOME COMES WITH A ONE YEAR WARRANTY**Escape to paradise in this beautiful, two-story CBS villa located in the friendly community of Old Pelican Bay, just moments from Fort Myers Beach. This

    Alexis Hansen May Keller Williams Realty Fort Myers and the Islands

    Section Image
  • 5370 Palmetto St, Fort Myers Beach, FL 33931

    $989,000

    • 3 Beds
    • 2 Baths
    • 1,804 Sq Ft
    • 5370 Palmetto St
    • Fort Myers Beach, FL

    Charming Duplex with Classic Floridian Charm and Gulf Views.Nestled just across the street from the breathtaking blue waters and pristine white sands of Fort Myers Beach, this charming duplex offers the perfect blend of old Floridian character and modern updates. With open beams, wainscoting, and tile flooring, the property exudes a relaxed, beachy vibe that invites you to unwind and soak

    Angela July John R. Wood Properties

    Section Image
  • 5550 Oak Ridge Ave, Fort Myers Beach, FL 33931

    $785,000

    • 3 Beds
    • 3 Baths
    • 1,300 Sq Ft
    • 5550 Oak Ridge Ave
    • Fort Myers Beach, FL

    Welcome to your dream coastal retreat on Fort Myers Beach! This beautifully renovated Main house with attached efficiency apartment offersthe perfect combination of modern comfort and beachside living. Located just steps from the sand, this gem is ideal as a full-time residence,vacation getaway, or lucrative rental investment. The main house features 2 spacious bedrooms/2 baths. The

    Keller Walling Compass Florida, LLC.

    Section Image
  • 407 Lazy Way, Fort Myers Beach, FL 33931

    $849,000

    • 6 Beds
    • 3 Baths
    • 407 Lazy Way
    • Fort Myers Beach, FL

    Amazing duplex with an additional bonus accessory lower unit with HUGE price reduction and motivated seller! Located only steps from the white sands of the Gulf, this multifamily property is perfect to live in one unit and rent the others, or as a pure investment. Each of the 3 units feature 2 bedrooms and open floor plans. Much of this property has been upgraded over the past 2 years for ease of

    Patrice Kelly John R. Wood Properties

    Section Image
  • 21610 Widgeon Terrace, Fort Myers Beach, FL 33931

    $850,000

    • 3 Beds
    • 4 Baths
    • 2,680 Sq Ft
    • 21610 Widgeon Terrace
    • Fort Myers Beach, FL

    Location of this duplex is primo! It is located mid island, and is walking distance to the public access to the beach at Flamingo. It also is NOT in an area that has restrictions on rental limits. One unit is a 2 bed 1 bath and the other is a 1 bed 1 bath. Full furnished and ready to rent. Tile flooring throughout. All units are elevated and have relaxing deck with fabulous views. The

    Beth Dahlstrom Schooner Bay Realty, Inc.

    Section Image

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 225031867

Florida Gulf Coast Multiple Listing Service

APN: 19-46-24-W3-00451.0430