FL > Fort Myers Beach > Gateway Villas
Fort Myers Beach, FL 33931,500 Estero BLVD #494
Fort Myers Beach, FL 33931,500 Estero BLVD #494
Fort Myers Beach, FL 33931,500 Estero BLVD #494
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$899,000
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2 Beds
2 Baths
949 SqFt
New

500 Estero BLVD #494 Fort Myers Beach, FL 33931

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Scott Bertha

Scott Bertha

+1(732) 245-1200

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 949 sqft

Price per Sqft $947

Subdivision Gateway Villas

MLS Listing ID 225039451

Style High Rise

Bedrooms 2

Full Baths 2

Construction Status Resale

HOA Fees $781/mo

HOA Y/N Yes

Annual Recurring Fee 9372.0

Year Built 1979

Annual Tax Amount $3,012

Tax Year 2024

Lot Dimensions Measured

Property Sub-Type Condominium

Property Description

2 bed/2 bath DIRECT GULF FRONT Condo with a combination of a great northend beach location, popular floorplan, favorable rental rules, and owners are allowed pets. Gateway Villas on the northend of Fort Myers Beach has been a popular building with a gated entrance and lots of parking. The building was a highly sought location pre-Ian and will be even better once construction is completed in June/July 2025. INVESTORS - the building allows 7 days minimun rentals. This 4th floor unit had some damage and drywall was replaced as needed and electrical switches were replace wherever the drywall was replaced. The kitchen cabinets were recently removed and the cast iron plumbing in the kitchen was replaced. ALL new IMPACT sliders and windows; new air conditioner; and new water heater. The corner unit is light and bright with extra windows and TWO balconies - one overlooks the beach and ocean; the other overlooks the bay and beach. This 2 bed / 2 bath unit will make a great personal residence or provide a sizable investment income. The building has 46 units over 8 floors. The building is in the final stages of repair and will feel brand new with new waterproof electirical room, refurbished pool area, new elevators (2 elevators), new roof (2023), and new landscaping. Maintenance fees of $781 per month include internet, unit water, building insurance and professional mgmt, and an on site maintenance manager. The building is planned to be ready for OWNER OCCUPANCY in June / July 2025. The Milestone Inspection is done and the repairs are in the final stage of completion and will see the building through to the next inspection in 10 years. The owners received 70K pre -Ian in rental income (after all rental expenses) and this is projected to 100K in 2026 (proforma attached). SOLD AS IS and there is an Assessment Pending May 30 of approx $88,000. A couple photos show NOW, most show pre-IAN and others show a recent remodel of the same type of unit. The current bathrooms and tile floor look to be usable - owner can opt to just update the kitchen and paint the unit or do a full remodel. Construction site -- Need closed toed shoes, hard hat, reflective vest and signed waiver to visit the site. Owner/agent will meet you there with necessary equipment.

Location

State FL

County Lee

Community Gateway Villas

Area Fb01 - Bodwitch Pointe To Cresce

Rooms

Bedroom Description 2.0

Interior

Interior Features Breakfast Bar, Entrance Foyer, Family/ Dining Room, Living/ Dining Room, Shower Only, Separate Shower, Split Bedrooms

Heating Central, Electric

Cooling Central Air, Electric

Flooring Tile

Furnishings Unfurnished

Fireplace No

Window Features Impact Glass

Laundry Common Area, Washer Hookup, Dryer Hookup, Inside

Exterior

Exterior Feature Security/ High Impact Doors, Outdoor Grill, Outdoor Shower

Parking Features Assigned, Guest, One Space

Pool Community

Community Features Elevator, Gated

Utilities Available Cable Available, High Speed Internet Available

Amenities Available Beach Rights, Beach Access, Laundry, Private Membership, Pool

Waterfront Description Beach Front, Gulf

View Y/N Yes

Water Access Desc Public

View Bay, Gulf

Roof Type Built- Up, Flat

Porch Lanai, Porch, Screened

Garage No

Private Pool No

Building

Lot Description Dead End

Dwelling Type High Rise

Faces Northeast

Story 1

Foundation Pillar/ Post/ Pier

Sewer Public Sewer

Water Public

Architectural Style High Rise

Unit Floor 4

Structure Type Block,Concrete,Stucco

Construction Status Resale

Others

Pets Allowed Call, Conditional

HOA Fee Include Association Management,Insurance,Internet,Legal/Accounting,Maintenance Grounds,Sewer,Trash,Water

Senior Community No

Tax ID 24-46-23-W1-02300.4940

Ownership Condo

Acceptable Financing All Financing Considered, Cash

Listing Terms All Financing Considered, Cash

Pets Allowed Call, Conditional

Listed by Keller Williams Realty Fort Myers and the Islands • Denise Chambre

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agent

Scott Bertha

REALTOR®️ | License ID: SL3493645

+1(732) 245-1200

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500 Estero BLVD #494