$680,000
$415K PRICE DROP

5550 Oak Ridge Ave Fort Myers Beach, FL 33931

Estimated payment $4,178/month

Total Views 1,276
3 Beds
3 Baths
1,300 Sq Ft
$523 Price per Sq Ft

Highlights

  • Deck
  • Shutters
  • Terrazzo Flooring
  • Fort Myers Beach Elementary School Rated A-
  • Outdoor Shower
  • Central Heating and Cooling System

About This Home

Welcome to your dream coastal retreat on Fort Myers Beach! This beautifully renovated Main house with attached efficiency apartment offers
the perfect combination of modern comfort and beachside living. Located just steps from the sand, this gem is ideal as a full-time residence,
vacation getaway, or lucrative rental investment. The main house features 2 spacious bedrooms/2 baths. The bright open floor plan connects
living, dining, and kitchen areas, creating an inviting atmosphere for entertaining or family time. Fully renovated kitchen features stainless steel
appliances, quartz countertops, range hood and ample storage space. The efficiency apartment offers flexibility and added privacy for guests or
tenants. The functional kitchen is compact yet fully equipped for convenience. And a full bathroom with walk-in shower. Step outside to the
shared balcony perfect for outdoor dining and lounging. The tropical landscaping complements the relaxed beach vibe of the property. Situated
on the highly sought-after Oak Ridge Ave, you’ll enjoy easy access to pristine Fort Myers Beach. Nearby dining, shopping, and entertainment
options as well as a vibrant community with a laid-back coastal lifestyle. Whether you’re seeking a personal oasis or a versatile incomeproducing property, this duplex offers unmatched value and charm. Don’t miss your chance to own a piece of paradise!

Listing Agent

Keller Walling

Compass Florida, LLC. License #270516143 Listed on: 02/21/2025

Compass Florida, LLC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,978

Year Built

  • Built in 1957

Lot Details

  • 5,001 Sq Ft Lot

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,300 Sq Ft Home
  • Ceiling Fan
  • Shutters
  • Terrazzo Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Outdoor Shower
  • Deck

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 16 / 1
  • Assessor Parcel Number 33-46-24-W2-00001.008A

Community Details

Overview

  • 2 Units

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • Operating Expense $13,488
  • Net Operating Income $70,512

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,978

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1148
  • Subdivision Name: NOT APPLICABLE
  • Directions: From FL-865/San Carlos Blvd take slight left onto Estero Blvd, left onto Dakota Ave, right onto Oak Ridge Ave, home will be on your right.
  • Architectural Style: See Remarks, Duplex
  • Structure Type: Duplex
  • Year Built: 1957
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Private Spa: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Terrazzo
  • Window Features: Other, Shutters

Exterior Features

  • Lot Features: Other
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Other, Wood Frame
  • Exterior Features: Deck, Outdoor Shower
  • Patio And Porch Features: Deck
  • Property Condition: Resale
  • Roof: Shingle

Utilities

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

Condo/Co-op/Association

  • Amenities: None
  • Pets Allowed: Call, Conditional

Lot Info

  • Parcel #: 33-46-24-W2-00001.008A
  • Zoning Description: TFC2

Rental Info

  • Tenant Pays: See Remarks

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 70512.0
  • Annual Operating Expense: 13488.0

Tax Info

  • Tax Annual Amount: 4977.82
  • Tax Block: 1
  • Tax Lot: 16
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,909 $392,676 -- --
2023 $3,909 $301,404 $0 $0
2022 $5,035 $370,135 $0 $0
2021 $4,998 $394,538 $175,000 $219,538
2020 $4,530 $320,135 $0 $0
2019 $4,436 $312,505 $169,400 $143,105
2018 $4,315 $308,462 $154,000 $154,462
2017 $1,892 $141,057 $0 $0
2016 $1,868 $304,677 $124,200 $180,477
2015 $1,877 $245,296 $124,200 $121,096
2014 -- $218,698 $108,000 $110,698
2013 -- $194,499 $94,200 $100,299
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 Price Changed $680,000 -12.2% $572 / Sq Ft
07/26/2025 07/26/25 Price Changed $774,900 -1.3% $652 / Sq Ft
07/08/2025 07/08/25 Price Changed $785,000 -12.7% $661 / Sq Ft
05/15/2025 05/15/25 Price Changed $899,000 -7.8% $757 / Sq Ft
03/20/2025 03/20/25 Price Changed $975,000 -11.0% $821 / Sq Ft
02/21/2025 02/21/25 For Sale $1,095,000 +43.1% $922 / Sq Ft
05/13/2024 05/13/24 Sold $765,000 -4.4% $644 / Sq Ft
04/10/2024 04/10/24 Pending -- -- --
02/09/2024 02/09/24 Price Changed $799,900 -6.4% $673 / Sq Ft
01/05/2024 01/05/24 Price Changed $854,900 -5.0% $720 / Sq Ft
10/20/2023 10/20/23 For Sale $899,900 +140.0% $757 / Sq Ft
01/13/2017 01/13/17 Sold $375,000 -21.1% $316 / Sq Ft
12/14/2016 12/14/16 Pending -- -- --
09/28/2016 09/28/16 For Sale $475,000 -- $400 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Warranty Deed $765,000 Accent Title
Warranty Deed $187,600 Accommodation
Warranty Deed $375,000 None Available
Warranty Deed -- Attorney
Warranty Deed $425,000 Sunbelt Title Agency
Interfamily Deed Transfer -- Sunbelt Title Agency
Warranty Deed $100,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $612,000 New Conventional
Previous Owner $325,000 Fannie Mae Freddie Mac
Previous Owner $50,000 Credit Line Revolving
Previous Owner $157,500 New Conventional
Previous Owner $35,000 Credit Line Revolving
Previous Owner $135,000 New Conventional
Previous Owner $25,000 New Conventional
Previous Owner $90,000 No Value Available
Source: Public Records

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Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 225020081

Florida Gulf Coast Multiple Listing Service

APN: 33-46-24-W2-00001.008A