5441-5451 Oak Ridge AVE, Fort Myers Beach, FL, 33931 | $1,099,900

Adorable ELEVATED DUPLEX on Estero island Fort Myers Beach. 2 BED / 1 BA + 1 BD / 1 BA. High Income potential on this WEEKLY zoned street. Discover the charm of island living with this elevated duplex on Estero Island in Fort Myers Beach. This versatile property features two units: a spacious 2-bedroom, 1-bathroom unit and a cozy 1-bedroom, 1-bathroom unit. Ideal for investment or personal use, the weekly zoning enhances income potential in this sought-after location. Centrally located, residents are perfectly positioned to enjoy all that Fort Myers Beach has to offer. Explore the vibrant Pier District, indulge in the amenities of Margaritaville, and soak in the sun along pristine beaches just moments away. Don't miss out on this opportunity to own a piece of paradise with high income potential in Fort Myers Beach!Centrally located in the middle of Fort Myers Beach, so easy to enjoy Pier District, Margaritaville and all it offers. As well as the Southern part of Fort Myers Beach with the Marina, Santini Plaza and easy access to the airport and more. The Gulf of Mexico is just a short stroll away. Plenty of storage room below.

Features

  • Amenities: Beach Access, Non-Gated
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: 91 x 128 x 77 x 167
  • Style: Stilts
  • Year Built: 1968
  • Heating: Central Electric
  • Cooling: Ceiling Fan(s), Central Electric
  • Basement: Ceiling Fan(s), Central Electric
  • Acreage: 0.25
  • Lot Size: 91 x 128 x 77 x 167
  • Est. Taxes: $7,436
  • Lot Desc: Irregular Lot
  • Pets Allowed: Yes
  • Pet Policy: No Approval Needed
  • MLS#: 224053856
  • Days on Market: 145 days
  • Website: https://www.raveis.com
    /prop/224053856/54415451oakridgeave_fortmyersbeach_fl?source=qrflyer
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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
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  • Provides a guaranteed closing date that meets your needs
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

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5441-5451 Oak Ridge AVE, Fort Myers Beach, FL, 33931

$1,099,900

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $879,920 $879,920 $879,920
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.762% 6.036%
Monthly Tax Payment $620 $620 $620
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,634 $5,634 $7,726
Total Monthly Payment $6,379 $6,379 $8,471

* 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.