500 Estero Boulevard Unit 494
Fort Myers Beach, FL 33931
- 2 beds
- 2 baths
- 949 sqft
- $947 per sqft
- 1979 build
- – on site
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), 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.
Last checked:
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Checking…
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Last updated Apr 18, 2025
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MLS# 225039451 —
The Building
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Year Built:1979
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Construction Materials:Block,Concrete,Stucco
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Building Area Total:1119.0
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Building Area Source:Appraiser
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Architectural Style:HighRise
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Unit Number:494
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Roof:BuiltUp,Flat
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Foundation Details:PillarPostPier
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Exterior Features:SecurityHighImpactDoors,OutdoorGrill,OutdoorShower
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Window Features:ImpactGlass
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Patio And Porch Features:Lanai,Porch,Screened
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Stories Total:1
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Entry Level:4
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Direction Faces:Northeast
Interior
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Interior Features:BreakfastBar,EntranceFoyer,FamilyDiningRoom,LivingDiningRoom,ShowerOnly,SeparateShower,SplitBedrooms
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Furnished:Unfurnished
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Flooring:Tile
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Laundry Features:CommonArea,WasherHookup,DryerHookup,Inside
Room Dimensions
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Living Area:949.0
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Living Area Source:Appraiser
Financial & Terms
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Possession:CloseOfEscrow
Location
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Directions:Click showing icon and I will meet you at the building. All parties need a hardhat, closed shoes, reflective vest and pants. I can supply the hardhats and vests.
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Latitude:26.46213
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Longitude:-81.96631
The Property
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Property Type:Residential
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Property Subtype:Condominium
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Property Subtype Additional:Condominium
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Property Condition:Resale
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View:Bay,Gulf
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View:true
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Lot Features:DeadEnd
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Lot Size Units:Acres
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Lot Size Source:Measured
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Lot Dimensions Source:Measured
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Parcel Number:24-46-23-W1-02300.4940
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Structure Type:HighRise
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Waterfront:true
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Waterfront Features:BeachFront,Gulf
Listing Agent
- Contact info:
- Agent phone:
- (239) 247-2868
- Office phone:
- (239) 236-4350
Taxes
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Tax Year:2024
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Tax Lot:494
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Tax Legal Description:GATEWAY VILLAS CONDO OR 1668 PG 0354 UNIT 494
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Tax Annual Amount:3012.0
Beds
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Total Bedrooms:2
Baths
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Total Baths:2
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Full Baths:2
Heating & Cooling
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Heating:Central,Electric
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Heating:true
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Cooling:CentralAir,Electric
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Cooling:true
Utilities
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Utilities:CableAvailable,HighSpeedInternetAvailable
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Sewer:PublicSewer
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Water Source:Public
The Community
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Subdivision Name:GATEWAY VILLAS
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Community Features:Elevator,Gated
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# of Units In Community:1
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Association:true
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Association Fee 3:781.0
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Association Fee 3 Frequency:Monthly
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Association Fee Includes:AssociationManagement,Insurance,Internet,LegalAccounting,MaintenanceGrounds,Sewer,Trash,Water
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Association Amenities:BeachRights,BeachAccess,Laundry,PrivateMembership,Pool
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Spa:false
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Pool Features:Community
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Pool Private:false
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Pets Allowed:Call,Conditional
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Senior Community:false
Parking
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Garage:false
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Carport:false
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Parking Features:Assigned,Guest,OneSpace
Monthly cost estimate
Asking price
$899,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$4,813
|
| Taxes | $251 |
| Insurance | $247 |
| Utilities | $111 See report |
| Total | $5,422/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
