Fixer 2/2 Block | Lee County, Bokeelia 33922

Built in 1985, this 1,036 sq. ft. (1,216 sq. ft. total under roof including garage) property is located in Pine Island Villas. Currently configured as a 2-bedroom, 2-bathroom single-family block home with a detached garage. Offered at $159,000. The property will require a full interior renovation. There was a roof replacement in 2022 following Hurricane Ian, but it was installed without a permit.

House Assets

• Structure: Concrete block construction, plus detached garage adds value.
• Lot: At 0.29 acres, lot is larger than the standard parcels in this specific subdivision.
• Location: Pine Island properties have sustained strong demand due to limited supply.

Repairs Needed (Estimated)

• Roof: 2022 install without a permit. Buyer will need to pull a retroactive “as-built” permit with Lee County or budget for a full re-roof to satisfy standard retail financing.
• Interior Gut: Full modernization needed, including kitchen, both baths, flooring, paint, and fixtures.
• Mechanicals: HVAC and water heater age/condition unverified; budget for replacement.

🟣 Comparable Sales

1. 5802 Linden Ln | 2/2 | 915 SF | Est. Value ~$342,500 Located ~0.3 miles away. Renovated condition implied by the $374/SF price. Best renovated ceiling comp for a 2/2 in this pocket, despite a slightly smaller footprint.
2. 5773 Esther Dr | 2/1 | 720 SF | Est. Value ~$270,000 Located ~0.5 miles away. Smaller and only 1 bath, but the high $375/SF suggests renovated condition. Demonstrates strong demand for finished, small-format island product.
3. 5821 Linden Ln | 3/2 | 1,521 SF | Est. Value ~$300,000 Located ~0.3 miles away. Larger 3/2 but lower $197/SF implies it was sold in as-is or lightly improved condition post-storm.
4. 5802 Genesee Pkwy | 2/2 | 946 SF | Est. Value ~$235,000 Located ~0.2 miles away. Sold off-market/public record at $248/SF. Serves as the baseline floor for a minimally updated or as-is 2/2.

🟡 ARV & Rental Analysis (Flip or Hold Strategy) The renovated comps (5802 Linden and 5773 Esther) bracket the upper end for finished product in this pocket. The subject’s larger footprint and detached garage support a premium, offset slightly by the 1985 vintage and necessary roof resolution.

Estimated ARV: $295,000 – $325,000 +/-

Projected Rent: $1,800 – $2,200/month +/-