NOT LISTED FOR SALE

264 Tropical Shore Way Fort Myers Beach, FL 33931

Estimated Value: $1,311,000 - $2,624,000

6 Beds
4 Baths
2,740 Sq Ft
$700/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $1,750,000 $639 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $11,321/month

39 Days on Market

Highlights

  • Boat Dock
  • Heated Pool and Spa
  • Canal Access
  • Fort Myers Beach Elementary School Rated A-
  • Waterfront
  • Oversized Lot

About This Home

As of November 2021

Your dream of living on Fort Myers Beach can be reality! Live on one side of this spacious duplex and rent the other. This Unique Waterfront, Gulf-access Duplex was built in 2015 and features 3 Bedrooms, 2 Full Bathrooms and a full Kitchen on each side. The Master Bedrooms have King Size Beds, the Guest Bedrooms all have Queen Size Beds. Outside there’s a shared Heated Lap Pool and Large Adjoining Jacuzzi. Let’s talk about storage! There's never enough! EPOXY Floors in both garages to hold up to 6 CARS!!! Enough space to park your boat and your other toys! Easy walk to the beautiful sugar sand of Fort Myers Beach. For boaters there’s a Dock with a 10,000Lb. Boat Lift for your boat that provides quick access to Matanzas Bay and the Gulf of Mexico. This Income Producing Duplex is being sold TURNKEY with everything your guests and you might need to enjoy the Beach Lifestyle. It has been Professionally managed and is a No-Smoking Property. Weekly Rentals allowed. Perfect opportunity for 2 families or extended family to Rent or Own. Don’t miss this unique property! More photos coming soon. Agents Please Read CONFIDENTIAL REMARKS

Last Agent to Sell the Property

Peter Pine

Century 21 Tri Power Realty License #258004124 Listed on: 08/27/2021

Century 21 Tri Power Realty

Last Buyer's Agent

Jared Heil

Capri Realty License #249526315

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,409

Year Built

  • Built in 2015

Lot Details

  • 8,799 Sq Ft Lot
  • Lot Dimensions are 80 x 110 x 80 x 110
  • Waterfront
  • Oversized Lot
  • Sprinkler System

Home Design

  • Duplex
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2,740 Sq Ft Home
  • Ceiling Fan
  • Single Hung Windows

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Pool

  • Heated Pool and Spa
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Additional Features

  • Canal Access
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 31 / 451
  • Assessor Parcel Number 19-46-24-W3-00451.037A

Community Details

Overview

  • 2 Units
  • Hills T.P. Subdivision

Amenities

  • Community Storage Space

Recreation

  • Boat Dock
  • Community Pool

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $50,482
  • Net Operating Income $80,396

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,409

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.202
  • Lot Size: 80 x 110 x 80 x 110
  • Subdivision Name: HILLS T.P.
  • Directions: Driving South on Estero Blvd., turn Left on Tropical Shores Way. The house is towards the end of the street (3rd house from the bay).
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Year Built: 2015
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Spa Features: Electric Heat, In Ground
  • Private Spa: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Flooring: Carpet, Tile
  • Window Features: Single Hung

Exterior Features

  • Lot Features: Oversized Lot, Sprinklers Automatic
  • Pool Features: Electric Heat, Heated, In Ground, Pool/Spa Combo
  • Pool Private: Yes
  • Waterfront Features: Canal Access
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Vinyl Siding, Wood Frame
  • Exterior Features: Sprinkler/Irrigation
  • Property Condition: Resale
  • Roof: Metal

Utilities

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

Condo/Co-op/Association

  • Community Features: Boat Facilities, Street Lights
  • Amenities: Pool, Storage
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 19-46-24-W3-00451.037A
  • Zoning Description: TFC2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, See Remarks

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 80396.0
  • Annual Operating Expense: 50482.0

Tax Info

  • Tax Annual Amount: 11409.0
  • Tax Block: 451
  • Tax Lot: 31
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2022
Sold by
Shively and Lisa
Bought by
Ces Management Llc
Current Estimated Value
$1,792,631

Purchase Details

Listed on
Aug 27, 2021
Closed on
Nov 1, 2021
Sold by
Bonotos Llc
Bought by
Shively Trent and Shively Lisa
Seller's Agent
Peter Pine
Century 21 Tri Power Realty
Buyer's Agent
Jared Heil
Capri Realty
List Price
$1,895,000
Sold Price
$1,750,000
Premium/Discount to List
-$145,000
-7.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.29%
Original Mortgage
$1,500,000
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 27, 2021
Closed on
Oct 18, 2021
Sold by
Perlman Joseph N and Tropical Shores Way Canal Assn
Bought by
Shively Trent and Shively Lisa
Seller's Agent
Peter Pine
Century 21 Tri Power Realty
Buyer's Agent
Jared Heil
Capri Realty
List Price
$1,895,000
Sold Price
$1,750,000
Premium/Discount to List
-$145,000
-7.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2014
Sold by
Yanke Ronald
Bought by
Bonotos Llc

Purchase Details

Closed on
Nov 30, 2012
Sold by
Morris Jean Ellen and Morris Charles D
Bought by
Yanke Ronald

Purchase Details

Closed on
Nov 8, 2010
Sold by
Federal Deposit Insurance Corporation
Bought by
Rg Premier Bank Of Puerto Rico Inc and Scotiabank De Puerto Rico

Purchase Details

Closed on
Feb 1, 2005
Sold by
Letteri Lance and Letteri Laura
Bought by
Morris Jean Ellen and Olsen William P

Purchase Details

Closed on
Dec 30, 1997
Sold by
Keeler Gary Edward
Bought by
Letteri Lance

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,100
Interest Rate
7.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 10, 1996
Sold by
Cowart James T and Cowart Barbara B
Bought by
Curley Robert J and Curley Mary B
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
Ces Management Llc -- None Listed On Document
Shively Trent $1,750,000 Attorney
Shively Trent -- Accommodation
Bonotos Llc $499,000 Attorney
Yanke Ronald $225,000 Attorney
Rg Premier Bank Of Puerto Rico Inc $361,000 Elite Title & Escrow
Morris Jean Ellen $486,000 --
Letteri Lance $120,000 --
Curley Robert J $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shively Trent $1,500,000
Previous Owner Morris Charles D $437,400
Previous Owner Letteri Lance $101,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2021 11/05/21 Sold $1,750,000 -7.7% $639 / Sq Ft
10/06/2021 10/06/21 Pending -- -- --
08/27/2021 08/27/21 For Sale $1,895,000 -- $692 / 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 $18,084 $1,392,810 $498,388 $706,064
2023 $18,084 $1,266,191 $498,388 $706,064
2022 $20,100 $1,401,619 $535,072 $866,547
2021 $13,006 $949,967 $521,738 $428,229
2020 $11,409 $742,083 $422,400 $319,683
2019 $12,211 $792,158 $422,400 $369,758
2018 $11,858 $778,384 $422,400 $355,984
2017 $12,211 $786,539 $352,000 $434,539
2016 $11,404 $721,745 $372,925 $348,820
2015 $6,203 $397,891 $390,177 $7,714
2014 $3,541 $227,435 $219,721 $7,714
2013 -- $201,243 $193,529 $7,714
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Peter Pine

    Century 21 Tri Power Realty

    Section Image
  • Jared Heil

    Buyer's Agent in 2021

    Jared Heil

    Capri Realty

    (239) 241-3455

    1 in this area

    24 Total Sales

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 221061322

Florida Gulf Coast Multiple Listing Service

APN: 19-46-24-W3-00451.037A

Florida Lee County Fort Myers Beach 33931

264 Tropical Shore Way, Fort Myers Beach, FL

This home is located at 264 Tropical Shore Way, Fort Myers Beach, FL 33931 since 27 August 2021 and is currently estimated at $1,918,902, approximately $700 per square foot. This property was built in 2015. 264 Tropical Shore Way is a home located in Lee County with nearby schools including Fort Myers Beach Elementary School, Cypress Lake Middle School, and Fort Myers Middle Academy.

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Florida Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

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