103 Bay Mar Dr #107

Fort Myers Beach, FL 33931

I'm offering for sale my highly desirable, and valuable, legal, multi family 7,768 sq foot lot on Fort Myers Beach that's just steps to the sand and Gulf of Mexico. The lot is in the weekly rental zone so the income potential is massive. Prior to Hurricane Ian, I had a legal three family home that consisted of two one bedroom, one bath, apartments, one on the second level, one on the ground level, and my owners unit was a two bedroom, one bath second floor apartment plus I had a one car garage on the ground level, a legal office on the ground level that had a half bath and an area where two washer/dryer units were set up for use by all apartments on the ground level as well. The property is documented with Lee County, and the Town of Fort Myers Beach, as a three family home. The accurate legal description is Duplex with Accessory Dwelling Unit (ADU). The square footage of the former home was almost 2,700 sq ft and because of the lot size, and Post Disaster Build Back, the home can be built back significantly larger. The lot has multiple build back possibilities such as one single family unit, a duplex or triplex. The neighboring lot, 101 Bay Mar Drive, just sold for $925,000.00 and it was a single family lot. My lot is significantly more valuable than that lot, I believe, as my lot is a legal three unit in the weekly rental zone. My lot is the second lot in from the corner of Estero Blvd and Bay Mar Drive, which I believe is more desirable and valuable, because of less motor vehicle, and pedestrian walking and bicycling traffic noise from Estero Blvd and the adjacent sidewalk. There aren't many triplex lots in a weekly rental zone on the Island and that's why the lot has a much greater value than most island lots. This lot has Gulf View and excellent income potential so don't wait to long.