Feb 2010 Real Estate Newsletter – Fort Myers Beach
|In this issue, we spotlight the popular beach destination of Fort Myers Beach, because we know our northern subscribers are ready to leave the snow behind and feel that sunshine on their faces and warmth in the bones. So here is some virtual sunshine sent with love on this Valentine’s weekend!
First, some terminology. The city of Fort Myers is the area north of Estero Island and Bonita Springs, with its dominant western shoreline along the Caloosahatchee River.
Fort Myers Beach is a separately incorporated town on the island of Estero. Fort Myers Beach’s dominant coastline on the Gulf of Mexico is a beautiful white sand beach along the entire coast and faces southwest for sunsets that never disappoint. The 7-mile long island has a wide beach and an intricate web of back bays and is often called “the world’s safest beach.”
A mixture of condos, resorts, hotels, motels, single family homes and restaurants line the beach from end to end. At the northern section of the island, Times Square, just north of the pier, is the central “downtown” district of Fort Myers Beach with plenty of walkable dining, shopping, and nightlife options.
The bay (back) side of the island is home to houses, condos, and commercial businesses (mostly relating to fishing and boating). Many of the bay side residential properties include dockage. Additionally, the waterfront restaurants and marinas along the back bay offer dockage for the beaching boater. Shown below is Doc Ford’s Rum Bar at Fisherman’s Wharf.
Property values on the Fort Myers Beach did not experience the same level of decline as other areas of Florida, but nonetheless, the prices have dropped and there are tremendous bargains to be found.
On the lower end of the price spectrum, properties on the island can be found for as little as $150,000 for a small, studio-sized condo on the back bay or a studio-sized condo directly on the beach.
Offwater, single family homes in walking distance of the beach are reminiscent of “old Florida” in their stilt-home or cottage designs with colorful paint schemes and are listed in the $300,000 – $500,000 range. Back bay single family homes on water (canal/bay) fall in the $350,000 to $1.5M range.
Along the Gulf of Mexico side of the island directly on the beach, single family homes range from $950,000 to $2.5M plus. Condominiums directly on the beach range from $150,000 for a studio to $1.4M for a spacious upper-floor condo with expansive views.
And there are many options in the middle tier priced at $400,000 to $750,000 for a 2 bedroom, 2 bath condo with great views and community amenities.
In closing, a few words about the Southwest Florida market. The region is still experiencing record numbers of sales in both single family homes and condos. Multifamily properties are gaining renewed interest. Prices have flattened for the most part; in some areas they have risen a few percentage points.
Have a question or comment? Drop us a line or call anytime, we’re here for ya!
Dave, Brenda, and the SageRealtor Team
Both permanent and part-time residents find Fort Myers Beach is a relaxed, pedestrian-friendly town that is inviting and offers the best of both worlds by being quiet at times and other times lively with festivals and events. (The Times Square area of the island is lively during the entire winter season while the southern end is quiet.)Annual events include the Shrimp Festival (coming up March 13-14), World Championship Beach Sculpting, Offshore Powerboat Racing, Fishing Tournaments, Sailing Regattas, Art Festivals and more.
Things to do on the island (aside from hitting the beach) include boat rentals, jet ski rentals, parasailing, kayak rentals, sunset and pirate cruises, dolphin cruises, fishing charters and pier-fishing, tennis, beachcombing, picnics in the parks, eco-tours, hiking or bicycling at the islands’ parks such as Lover’s Key, and golf at Fort Myers Golf Club, the island’s only golf course.
Doc Fords Rum Bar and Grille
We are thrilled that in addition to the Doc Ford restaurant on Sanibel island that is named after the main character, Randy Wayne White has opened a new location on the bay side of Fort Myers Beach. The establishment at Fisherman’s Wharf is part sports bar, part restaurant, part boater’s landing, and offers live entertainment and great food (yes, a sports bar with good food). Docking is available for those arriving by boat.
If all this talk of sunshine, beaches, and watersports has you wanting to feel the sand in your toes, get a feel for the properties available by browsing listings at the link below.
Perhaps you will fall in love!