NOT LISTED FOR SALE

427 Lazy Way Fort Myers Beach, FL 33931

5 Beds
5 Baths
3,576 Sq Ft
7,536 Sq Ft Lot

Last Sold April 01, 2024

Last sale price $1,090,000 $305 Per Sq Ft

45 Days on Market

Highlights

  • Community Beach Access
  • Tile Flooring
  • Ceiling Fan
  • Fort Myers Beach Elementary School Rated A-
  • Central Heating and Cooling System
  • Paved or Partially Paved Lot

About This Home

As of April 2024

WEEKLY RENTAL!!! DUPLEX!!! Assumable Loan with a 2.625% interest rate. Transferable flood insurance. With its prime location on Fort Myers Beach, this property attracts tourists and vacationers year-round. The demand for vacation rentals in this area is soaring, making it a highly lucrative market for property owners. By purchasing this duplex, you can tap into this thriving industry and enjoy a stream of rental income. The layout of the duplex is ideal for maximizing rental potential. With 5 bedrooms and 5 bathrooms, there's plenty of room to accommodate large groups or multiple families. Additionally, the bonus rooms offer versatile spaces that can be used for various purposes. Located in the highly sought-after area of Fort Myers Beach, this duplex offers not only an exquisite property but also a prime location. Situated near popular tourist attractions and pristine beaches, this property ensures a stream of potential renters. Whether it's the white sandy beaches or vibrant local restaurants, Fort Myers Beach has something to offer every visitor. Hurry!! This one won't last long!!

Last Agent to Sell the Property

Alex King

Premiere Plus Realty Company License #BEAR-3251534 Listed on: 10/13/2023

Premiere Plus Realty Company

Co-Listed By

Stacee Foster

Premiere Plus Realty Company License #BEAR-3410602

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,427

Year Built

  • Built in 1972

Lot Details

  • 7,536 Sq Ft Lot
  • Lot Dimensions: 75
  • Paved or Partially Paved Lot

Home Design

  • Duplex
  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 2-Story Property
  • Ceiling Fan

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for application fee
  • Assessor Parcel Number 33-46-24-W2-00001.005A
  • Tax Block 1

Community Details

Overview

  • 2 Units

Recreation

  • Community Beach Access

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $24,830
  • Net Operating Income $58,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,427

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Legal Description: BEG NW COR GL2 TH S100FT E150FT N100FT W150FT TO PO B AKA LTS7+8TEN PK & 5 FT LESS INST #2009000002204
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.433026$-81.912614$113.91$13.33$1.00$CAoSLEFGMVFpcFBMd3lzODBTUmZodk1Yb0lUaTdyejlJbzdqX0IxeHdZUnh0bUNE
  • Building Design: Duplex
  • Building Description: 2 Story, Duplex
  • Year Built: 1972
  • Property Information: WEEKLY RENTAL!!! DUPLEX!!! Assumable Loan with a 2.625% interest rate. Transferable flood insurance. With its prime location on Fort Myers Beach, this property attracts tourists and vacationers year-round. The demand for vacation rentals in this area is soaring, making it a highly lucrative market for property owners. By purchasing this duplex, you can tap into this thriving industry and enjoy a stream of rental income. The layout of the duplex is ideal for maximizing rental potential. With 5 bedrooms and 5 bathrooms, there's plenty of room to accommodate large groups or multiple families. Additionally, the bonus rooms offer versatile spaces that can be used for various purposes. Located in the highly sought-after area of Fort Myers Beach, this duplex offers not only an exquisite property but also a prime location. Situated near popular tourist attractions and pristine beaches, this property ensures a stream of potential renters. Whether it's the white sandy beaches or vibrant local restaurants, Fort Myers Beach has something to offer every visitor. Hurry!! This one won't last long!!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 5
  • Total Bathrooms: 5.00
  • Total Bedrooms: 5
  • Flooring: Tile, Vinyl

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Metal
  • Construction: Wood Frame
  • Road: Gravel, Paved Road

Utilities

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

Association/Amenities

  • Pets: No Approval Needed
  • Amenities: Beach Access
  • Community Type: Non-Gated
  • Units In Building: 2

Condo/Co-op/Association

  • Sub Condo Name: NOT APPLICABLE
  • Development Name: NOT APPLICABLE

Lot Info

  • Lot Back: 75
  • Lot Frontage: 75
  • Lot Left: 100
  • Lot Right: 100
  • Lot Unit: 7
  • Section: 33
  • Waterfront: No
  • Zoning Code: TFC2
  • Acres: 0.1730
  • Lot Description: Regular
  • Lot Dimensions: 75 X 100
  • Parcel Number: 33-46-24-W2-00001.005A

Rental Info

  • Tenant Pays: Application Fee

Tax Info

  • Tax Description: City And County
  • Taxes: 12427.24
  • Tax Year: 2022

Multi Family

  • Unit Count: 2
  • Gross Rental Income: 86000.00
  • Annual Expenses: 24830.00
  • Annual Net Operating Income: 58700.00

Range of Values:

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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
04/01/2024 04/01/24 Sold $1,090,000 -9.1% $305 / Sq Ft
11/27/2023 11/27/23 Pending -- -- --
10/13/2023 10/13/23 For Sale $1,199,000 +80.3% $335 / Sq Ft
08/05/2021 08/05/21 Sold $665,000 -5.0% $186 / Sq Ft
07/06/2021 07/06/21 Pending -- -- --
01/29/2021 01/29/21 For Sale $699,999 +30.8% $196 / Sq Ft
07/12/2017 07/12/17 Sold $535,000 -13.6% $149 / Sq Ft
06/12/2017 06/12/17 Pending -- -- --
11/13/2016 11/13/16 For Sale $619,000 -- $172 / Sq Ft
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 2024

    Alex King

    Premiere Plus Realty Company

    (239) 849-3663

    255 in this area

    296 Total Sales

    Alex King
    Section Image

  • S

    Seller Co-Listing Agent in 2024

    Stacee Foster

    Premiere Plus Realty Company

    (239) 247-4038

    20 in this area

    34 Total Sales

    Stacee Foster
    Section Image

  • E

    Seller's Agent in 2021

    Erin Cowan

    Realty One Group MVP

    (239) 963-4499

    1 in this area

    34 Total Sales

    Erin Cowan
    Section Image
  • florian necula

    Seller's Agent in 2017

    florian necula

    Starlink Realty, Inc

    (239) 810-0144

    2 in this area

    25 Total Sales

    florian necula
    Section Image

  • A

    Buyer's Agent in 2017

    Allen Wasko

    Section Image
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Map

Source: Multiple Listing Service of Bonita Springs-Estero

MLS Number: 223077870

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

427 Lazy Way, Fort Myers Beach, FL

This home is located at 427 Lazy Way, Fort Myers Beach, FL 33931 since 13 October 2023. This property was built in 1972. 427 Lazy Way 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.

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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.

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