NOT LISTED FOR SALE

18121 Otter Water Way Alva, FL 33920

Estimated Value: $317,000 - $523,000

5.53 Acres
$75,949 Price per Acre
240,887 Sq Ft Lot

Last Sold April 24, 2019

Last sale price $225,000

Est. 87% increase in value since last sale

Current estimated payment $3,138/month

365 Days on Market

Highlights

  • Boating
  • River Front
  • Agricultural
  • Water access To Gulf or Ocean
  • 5.53 Acre Lot

About This Lot

As of April 2019

HERE IT IS....THE CALOOSAHATCHEE WATERFRONT YOU HAVE BEEN LOOKING FOR. over 5 Acres on the River with 700 feet of shoreline. Approximately half the shoreline is on the Oxbow which could be great for your dock(s) or for a seaplane base. South facing with 3 mile view down the river for the most beautiful sunsets you can imagine. Horses ? NO problem. This GEM is zoned Agricultural. .Turn the sellers dream lot into your lot. There are drawings available where the lot can possibly be split up into three lots.

Last Agent to Sell the Property

Bruce Jorgensen

The Jorgensen Group LLC Listed on: 04/10/2018

The Jorgensen Group LLC

Last Buyer's Agent

Cindy Bennett

Premier Florida Realty of SWFL

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,512

Lot Details

  • 5.53 Acre Lot
  • River Front
  • Street terminates at a dead end
  • South Facing Home
  • Property is zoned AG-2

Additional Features

  • Water Views
  • Agricultural
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 15-43-26-00-00012.004B
  • Tax Block 12

Community Details

Overview

  • Alva Condos

Recreation

  • Boating
  • Water access To Gulf or Ocean
  • Fixed Bridges

Property Details

Property Type

Land

Est. Annual Taxes

$2,512

Lot Details

0

Listing Details

  • Legal Description: PARL IN GOV LOT 3 AS DESC IN OR 2050 PG 1413 LESS OR 2365 PG 1632
  • Property Type: Lot & Land
  • Table: Lot & Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Gulf Access Type: Bridge(s)/Water Indirect
  • Gulf Access Yn: Yes
  • Waterfront Description: River Frontage
  • Road: Dead End
  • View: River, Water

Utilities

  • Utilities Available: Electric
  • Sewer: Private

Condo/Co-op/Association

  • Restrictions: Architectural
  • Sub Condo Name: ALVA

Association/Amenities

  • Development: Alva
  • Community Type: Boating, Non-Gated

Lot Info

  • Lot Unit: 3
  • Price Per Acre: 40687.16
  • Section: 15
  • Zoning Code: AG-2
  • Acres: 5.5300
  • Waterfront: Yes
  • Land Use Code: 00-Vacant Residential
  • Lot Description: Dead End, Horses Ok
  • Lot Type: Acreage
  • Rear Exposure: S
  • Usage: Agricultural
  • Parcel Number: 15-43-26-00-00012.004B

Tax Info

  • Taxes: 2511.65
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 21, 2021
Sold by
Walker Juan Allen and Walker Joyce L
Bought by
Benvie Paul B and Benvie Amy K
Current Estimated Value
$420,000

Purchase Details

Listed on
Apr 10, 2018
Closed on
Apr 24, 2019
Sold by
Hepp Bruce F
Bought by
Walker Juan Allen and Walker Joyce L
Seller's Agent
Bruce Jorgensen
The Jorgensen Group LLC
Buyer's Agent
Cindy Bennett
Premier Florida Realty of SWFL
List Price
$499,900
Sold Price
$225,000
Premium/Discount to List
-$274,900
-54.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.05%

Purchase Details

Closed on
Jan 26, 2006
Sold by
Hepp Bruce F and Hepp Marie A
Bought by
Hepp Bruce F and Hepp Marie A

Purchase Details

Closed on
Feb 24, 2003
Sold by
Ruttenberg Jan and Ruttenberg Ria
Bought by
Hepp Bruce F and Hepp Marie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
5.89%

Purchase Details

Closed on
Jul 18, 2001
Sold by
Harkey Stephen T and Harkey Margaret
Bought by
Ruttenberg Jan and Ruttenberg Ria

Purchase Details

Closed on
Jul 19, 1996
Sold by
Sarver Kermit P and Sarver Sheila A
Bought by
Harkey Stephen T and Harkey Margaret
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Benvie Paul B $495,000 Winged Foot Title Llc
Walker Juan Allen $225,000 Old Florida Title
Hepp Bruce F -- None Available
Hepp Bruce F $425,600 --
Ruttenberg Jan $205,000 --
Harkey Stephen T $169,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hepp Bruce F $248,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2019 04/24/19 Sold $225,000 -21.1% --
04/10/2019 04/10/19 Pending -- -- --
04/06/2019 04/06/19 Price Changed $285,000 -14.9% --
03/04/2019 03/04/19 Price Changed $335,000 -6.7% --
01/25/2019 01/25/19 Price Changed $359,000 -6.8% --
01/24/2019 01/24/19 Price Changed $385,000 -2.5% --
12/01/2018 12/01/18 Price Changed $395,000 -6.0% --
09/04/2018 09/04/18 Price Changed $420,000 -6.7% --
07/11/2018 07/11/18 Price Changed $450,000 -8.1% --
05/29/2018 05/29/18 Price Changed $489,900 -2.0% --
04/10/2018 04/10/18 For Sale $499,900 -- --
Source: Naples Area Board of REALTORS®

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
2025 $11,215 $400,538 -- --
2024 $5,191 $364,125 -- --
2023 $5,191 $331,023 $0 $0
2022 $4,505 $201,490 $201,490 $0
2021 $3,113 $201,490 $201,490 $0
2020 $944 $62,566 $62,566 $0
2019 $2,403 $158,080 $158,080 $0
2018 $2,447 $158,080 $158,080 $0
2017 $2,512 $158,080 $158,080 $0
2016 $2,558 $158,080 $158,080 $0
2015 $2,624 $158,080 $158,080 $0
2014 $2,589 $158,080 $158,080 $0
2013 -- $137,830 $137,830 $0
Source: Public Records

Agents Affiliated with this Home

  • Bruce Jorgensen

    Seller's Agent in 2019

    Bruce Jorgensen

    The Jorgensen Group LLC

    (239) 823-4064

    5 Total Sales

    Bruce Jorgensen
    Section Image

  • C

    Buyer's Agent in 2019

    Cindy Bennett

    Premier Florida Realty of SWFL

    (239) 848-7256

    20 Total Sales

    Cindy Bennett
    Section Image
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Map

Source: Naples Area Board of REALTORS®

MLS Number: 218027163

Naples Area Board of REALTORS®

APN: 15-43-26-00-00012.004B

Florida Lee County Alva 33920

18121 Otter Water Way, Alva, FL

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Naples Area Board of REALTORS® The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright 2025 M.L.S. of Naples, Inc. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.

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