NOT LISTED FOR SALE

171 Washington Ave Fort Myers Beach, FL 33931

8 Beds
4 Baths
-- Sq Ft
0.35 Acres

Last Sold June 17, 2022

Last sale price $1,700,000

Highlights

  • Solar Heated In Ground Pool
  • Jalousie or louvered window
  • Patio
  • Fort Myers Beach Elementary School Rated A-
  • Concrete Block With Brick
  • Terrazzo Flooring

About This Home

As of June 2022

Exceptional 8 bed 4 bath, 4 unit quad compound with pool in the desirable Ft. Myers Beach weekly rental zone! $200+/-K Annual Gross Revenue potential. Easy walk to the beach, great restaurants, Times Square, downtown, the upcoming Margaritaville, shopping and marinas are all nearby – all of the attractions that make Ft. Myers Beach the favored destination of vacationers! Enjoy the EXTRA LARGE pool that is surrounded with plenty of deck to bask in the glorious sunshine! There are 2 CBS buildings with 2 - 750 sq. ft. units in each building. Each unit is a 2 bed 1 bath, with a dining area and comfortable living room offering plenty of interior space. Additionally, each unit has both a private open patio as well as a covered, screened lanai – offering privacy and seclusion! AND the property is situated on a MASSIVE parcel! Beautiful mature oak trees create a shady canopy that adds both Olde Florida charm and cool shaded areas for comfortable outdoor relaxing. This is a very unique and desirable investment opportunity. Make your move today on this island nugget!

Last Agent to Sell the Property

Alex King

Premiere Plus Realty Company License #BEAR-3251534 Listed on: 04/18/2022

Premiere Plus Realty Company

Co-Listed By

Dennis Wagaman

Premiere Plus Realty Company License #BEAR-3433847

Last Buyer's Agent

Peter Albert

Premiere Plus Realty Company

Premiere Plus Realty Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,618

Year Built

  • Built in 1958

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions: 175
  • Paved or Partially Paved Lot

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Concrete Block With Brick
  • Metal Roof

Interior Spaces

  • Jalousie or louvered window
  • Terrazzo Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Solar Heated In Ground Pool
  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for departure cleaning
  • Assessor Parcel Number 29-46-24-W1-0030B.002A
  • Tax Block B

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Lynns Highland Park Condos

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $35,000
  • Net Operating Income $135,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,618

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Legal Description: LYNNS HIGHLAND PARK BLK B PB 8 PG 50 PT LTS 2 + 3+ PT 2 3 4 BLK A + VAC ST
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.445148$-81.931498$22.66$13.33$1.00$VTNXe-2hpz3KykfEMGV2QA
  • Building Design: Quadraplex
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 8
  • Flooring: Terrazzo
  • Windows: Jalousie

Exterior Features

  • Gulf Access: No
  • Private Pool: Yes
  • Private Spa: No
  • Roof: Built-Up or Flat, Metal
  • Construction: Concrete Block
  • Road: Paved Road, Public Road
  • Exterior Features: Patio
  • Private Pool Type: Below Ground, Heated Electric, Heated Solar

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Lynns Highland Park
  • Community Type: Non-Gated
  • Units In Building: 2

Condo/Co-op/Association

  • Sub Condo Name: LYNNS HIGHLAND PARK

Lot Info

  • Lot Back: 145
  • Lot Frontage: 175
  • Lot Left: 100
  • Lot Right: 101
  • Lot Unit: 2
  • Section: 29
  • Waterfront: No
  • Zoning Code: TFC2
  • Acres: 0.3485
  • Lot Description: Regular
  • Lot Dimensions: 175 X 100 X 145 X 101
  • Parcel Number: 29-46-24-W1-0030B.002A

Rental Info

  • Tenant Pays: Departure Cleaning

Tax Info

  • Tax Description: City And County
  • Taxes: 8618.00

Multi Family

  • Unit Count: 4
  • Gross Rental Income: 200000.00
  • Annual Expenses: 35000.00
  • Annual Net Operating Income: 135000.00
  • Total Buildings: 2

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

Property History

Date Event Price Change Sq Ft Price
06/17/2022 06/17/22 Sold $1,700,000 -1.4% --
05/10/2022 05/10/22 Pending -- -- --
04/18/2022 04/18/22 For Sale $1,725,000 -- --
Source: Multiple Listing Service of Bonita Springs-Estero

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Alex King

    Seller's Agent in 2022

    Alex King

    Premiere Plus Realty Company

    (239) 849-3663

    256 in this area

    297 Total Sales

    Alex King
    Section Image
  • Dennis Wagaman

    Seller Co-Listing Agent in 2022

    Dennis Wagaman

    Premiere Plus Realty Company

    (239) 940-7749

    96 in this area

    107 Total Sales

    Dennis Wagaman
    Section Image

  • P

    Buyer's Agent in 2022

    Peter Albert

    Premiere Plus Realty Company

    (239) 645-1758

    24 in this area

    38 Total Sales

    Peter Albert
    Section Image
See All Agents

Map

Source: Multiple Listing Service of Bonita Springs-Estero

MLS Number: 222030903

Multiple Listing Service of Bonita Springs-Estero
Florida Lee County Fort Myers Beach 33931

171 Washington Ave, Fort Myers Beach, FL

This home is located at 171 Washington Ave, Fort Myers Beach, FL 33931 since 18 April 2022. This property was built in 1958. 171 Washington Ave is a home located in Lee County with nearby schools including Fort Myers Beach Elementary School, Cypress Lake Middle School, and Bonita Springs Middle Center for the Arts.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Multiple Listing Service of Bonita Springs-Estero IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.

Nearby Homes