500 Estero BLVD #494 Pending Save Request In-Person Tour Request Virtual Tour
Fort Myers Beach,FL 33931
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Pending
Purchase Type For Sale
Square Footage 949 sqft
Price per Sqft $894
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 to the parking lot 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. Unit will be SOLD UPDATED - The kitchen will have white shaker cabinets, quartz countertops and backsplash, and the "drop down" ceiling is removed. The two bathrooms feature white shaker vanities, quartz countertops, marble tiled showers with shampoo inserts and glass shower doors. New interior doors and new tile on the balconies. Recessed lighting in the livingroom. Decorative ceiling beams in the bedrooms. New Flooring throughout. It will look like the photos of the recently renovated unit (attached). RENO will be completed July 2025 and updated phtos will be taken. 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 will see the building through to the next inspection in 10 years. The owners received 70K per year pre -Ian in rental income (after all rental expenses) and this is projected to 100K in 2026 (proforma attached). Some photos show pre-IAN and others show a recent remodel of the same type of unit. ALL ASSESSMENTS PAID INCLUDING $87,909 which was paid May 30 2025.
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,Management
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
Disclosures Deed Restriction,Owner Is Listing Agent,Seller Disclosure
Listing Terms All Financing Considered,Cash
Pets Allowed Call, Conditional