4844-4846 E Riverside DR, Fort Myers, FL, 33905 | $495,000

Incredible opportunity awaits! This unique property consists of three lots being sold together as one unit (one lot on 206 Labelle Ave) w/a combined area of 0. 56 acres. Zoned for Residential. There are 3 existing wood frame homes damaged by Hurricane Ian. The possibilities are endless, whether you choose to rebuild or reimagine the space for a new residential or multi-family project. The real gem lies in the waterfront lot, boasting an enviable location on the picturesque Caloosahatchee River w/Gulf access with room for a dock. Located in Russell Park, an established riverfront neighborhood known for its tranquil atmosphere & scenic beauty. Enjoy the best of both worlds - a serene setting along the riverbank & the convenience of being close to major amenities. The property's prime location offers easy access to I-75 & downtown Fort Myers, making it ideal for those seeking a harmonious balance between city life & waterfront living. Whether you're an investor, developer, or someone dreaming of creating your waterfront sanctuary, this property offers a blank canvas to bring your vision to life.

Features

  • Amenities: None, No Subdivision
  • Bedrooms: 6
  • Baths: 3 full
  • Year Built: 1941
  • Garage: 2+ Spaces
  • Heating: Central Electric
  • Cooling: Central Electric, Wall Unit(s)
  • Basement: Central Electric, Wall Unit(s)
  • Approx Sq. Feet: 3,048
  • Acreage: 0.56
  • Est. Taxes: $2,863
  • Lot Desc: 3 Lots
  • View: Landscaped Area
  • Water Front: Yes
  • Pets Allowed: Yes
  • Pet Policy: No Approval Needed
  • Appliances: None
  • MLS#: 223063277
  • Days on Market: 428 days
  • Website: https://www.raveis.com
    /prop/223063277/48444846eriversidedr_fortmyers_fl?source=qrflyer
Copyright © 2024  The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright Southwest Florida MLS organizations. All rights reserved.
The data relating to real estate for sale displayed on this Website comes in part from the Multiple Listing Service of the Bonita Springs-Estero Association of REALTORS®, Inc., under License No. BK3330055FL. Properties displayed on this Website include properties listed with brokerage firms other than William Raveis Real Estate. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service, or contained in the database compilation of the Bonita Springs-Estero Association of REALTORS™ Multiple Listing Service.
Listing courtesy of Realty World J. PAVICH R.E.   Phone: 239-495-9968

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888.699.8876

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

4844-4846 E Riverside DR, Fort Myers, FL, 33905

$495,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $396,000 $396,000 $396,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment $239 $239 $239
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,635 $2,632 $3,395
Total Monthly Payment $2,949 $2,946 $3,709

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.