NOT LISTED FOR SALE

231 Fairweather Ln Fort Myers Beach, FL 33931

6 Beds
6 Baths
-- Sq Ft
8,899 Sq Ft Lot

Last Sold May 27, 2021

Last sale price $1,225,000

556 Days on Market

Highlights

  • Community Beach Access
  • Room in yard for a pool
  • Concrete Block With Brick
  • Fort Myers Beach Elementary School Rated A-
  • Jalousie or louvered window
  • Tile Flooring

About This Home

As of May 2021

Huge Income Generator! 6-PLEX with WEEKLY rentals. $180K+K ANNUAL REVENUE PROJECTED! NEW CUSTOM SALT WATER POOL & JACUZZI. Completely Turnkey with Professional Management Strong Cap Rates. Newer Resorts have Big Upside Potential. Recently Remodeled. Entire property has received upgrades inside and out - including updated electrical systems. This translates to lower annual maintenance and repairs for the new investor. All units are completely furnished, equipped and decorated ISLAND STYLE! Perfectly situated for your guests within an easy walk to the Pier, Times Square, shops, restaurants, nightlife and of course THE BEACH! If you are an investor that has goals of no-muss-no-fuss investing while receiving a monthly check representing a solid ROI, then this property is for you. A unique opportunity for the savvy investor...

Last Agent to Sell the Property

Alex King

Premiere Plus Realty Company License #BEAR-3251534 Listed on: 10/04/2019

Premiere Plus Realty Company

Last Buyer's Agent

Mike McNamara

RE/MAX Realty Group License #SL3108209

RE/MAX Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,538

Year Built

  • Built in 1968

Lot Details

  • 8,899 Sq Ft Lot
  • Lot Dimensions: 100
  • Paved or Partially Paved Lot

Home Design

  • Quadruplex
  • Concrete Block With Brick
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Jalousie or louvered window

Flooring

  • Tile
  • Terrazzo

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Pool

  • Room in yard for a pool

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 19-46-24-W3-0110C.0210
  • Tax Block C

Community Details

Overview

  • 6 Units
  • Beach Estates Condos
  • Beach Estates Community

Recreation

  • Community Beach Access
  • Community Pool

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $24,133

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,538

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Legal Description: BEACH ESTATES BLKS.C PB 6 PG 68 LOTS 22 + 21 LESS ELY 11 FT OR 227 PG 405
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.452437$-81.945063$116.56$13.33$1.00$KyfvVaL88tSQwr7gD5g4ew
  • Building Design: Quadraplex
  • Year Built: 1968
  • Directions: Estero to Fairweather
  • Property Information: Huge Income Generator! 6-PLEX with WEEKLY rentals. $180K+K ANNUAL REVENUE PROJECTED! NEW CUSTOM SALT WATER POOL & JACUZZI. Completely Turnkey with Professional Management Strong Cap Rates. Newer Resorts have Big Upside Potential. Recently Remodeled. Entire property has received upgrades inside and out - including updated electrical systems. This translates to lower annual maintenance and repairs for the new investor. All units are completely furnished, equipped and decorated ISLAND STYLE! Perfectly situated for your guests within an easy walk to the Pier, Times Square, shops, restaurants, nightlife and of course THE BEACH! If you are an investor that has goals of no-muss-no-fuss investing while receiving a monthly check representing a solid ROI, then this property is for you. A unique opportunity for the savvy investor...
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 6
  • Total Bathrooms: 6.00
  • Total Bedrooms: 6
  • Flooring: Terrazzo, Tile
  • Windows: Jalousie

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Construction: Concrete Block
  • Road: Paved Road
  • Exterior Features: Room for Pool
  • Exterior Finish: Stucco

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Wall Unit
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Beach Estates
  • Amenities: Beach Access, Community Pool
  • Community Type: Non-Gated
  • Units In Building: 6

Condo/Co-op/Association

  • Sub Condo Name: BEACH ESTATES
  • Development Name: BEACH ESTATES

Lot Info

  • Lot Back: 100
  • Lot Frontage: 100
  • Lot Left: 100
  • Lot Right: 100
  • Lot Unit: 22
  • Section: 19
  • Waterfront: No
  • Zoning Code: RM
  • Acres: 0.2043
  • Lot Description: Irregular Shape, Oversize
  • Lot Dimensions: 100 X 100
  • Parcel Number: 19-46-24-W3-0110C.0210

Tax Info

  • Tax Description: City And County
  • Taxes: 9538.00
  • Tax Year: 2019

Multi Family

  • Unit Count: 6
  • Annual Expenses: 24133.00

Range of Values:

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Sold Price
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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
05/27/2021 05/27/21 Sold $1,225,000 -9.3% --
04/12/2021 04/12/21 Pending -- -- --
03/12/2021 03/12/21 Price Changed $1,350,000 +12.5% --
11/30/2020 11/30/20 Price Changed $1,200,000 +5.4% --
11/18/2020 11/18/20 For Sale $1,139,000 0.0% --
11/10/2020 11/10/20 Pending -- -- --
11/06/2020 11/06/20 For Sale $1,139,000 0.0% --
10/12/2020 10/12/20 Pending -- -- --
09/23/2020 09/23/20 Price Changed $1,139,000 -3.4% --
09/02/2020 09/02/20 For Sale $1,179,000 0.0% --
06/04/2020 06/04/20 Pending -- -- --
05/02/2020 05/02/20 Price Changed $1,179,000 -1.8% --
04/11/2020 04/11/20 Price Changed $1,200,000 -3.9% --
03/17/2020 03/17/20 Price Changed $1,249,000 -6.0% --
02/25/2020 02/25/20 Price Changed $1,329,000 -8.3% --
02/20/2020 02/20/20 Price Changed $1,450,000 -1.7% --
01/29/2020 01/29/20 Price Changed $1,475,000 +1.8% --
01/28/2020 01/28/20 Price Changed $1,449,000 -1.8% --
01/12/2020 01/12/20 Price Changed $1,475,000 -1.7% --
12/03/2019 12/03/19 Price Changed $1,500,000 -20.6% --
11/19/2019 11/19/19 Price Changed $1,890,000 -3.1% --
10/04/2019 10/04/19 For Sale $1,950,000 +184.7% --
07/19/2019 07/19/19 Sold $685,000 -2.0% --
05/08/2019 05/08/19 Pending -- -- --
05/03/2019 05/03/19 For Sale $699,000 +2.0% --
05/01/2019 05/01/19 Off Market $685,000 -- --
03/19/2019 03/19/19 For Sale $699,000 0.0% --
02/21/2019 02/21/19 Pending -- -- --
01/17/2019 01/17/19 Price Changed $699,000 -5.4% --
08/09/2018 08/09/18 For Sale $739,000 -- --
Source: Multiple Listing Service of Bonita Springs-Estero

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Multiple Listing Service of Bonita Springs-Estero

MLS Number: 219065911

Multiple Listing Service of Bonita Springs-Estero