Fort Myers Shores 3/2 Fix and Flip

This 1,542 sq ft 3-bed, 2-bath single-family home sits on a 0.25-acre lot in Fort Myers Shores. Built in 1972, the property has a brand-new 2023 roof.  The property flooded but the good news is the flood remediation already completed, giving investors a head start on the rehab. The home will need a new AC system, full interior renovations (kitchen, baths, flooring, paint, fixtures), and exterior landscaping to bring it to market standards.

🛠️ Rehab Scope

• Install new central AC system
• Full interior cosmetic renovation: kitchen, baths, flooring, fixtures, paint
• Landscaping and exterior curb appeal refresh
• Confirm flood remediation work and update mechanicals as needed

🔴 Recently Sold / Pending Comps

• 12316 Davis Blvd – 1,130 sq ft, 3/2, built 1970 → Sold $182,500 ($162/sq ft)
• 13025 Fourth St – 1,549 sq ft, 2/1, built 1971 → Sold $250,000 ($161/sq ft)
• 13006 7th St – 1,326 sq ft, 4/2, built 1978 → Sold $250,000 ($189/sq ft)
• 13037 9th St – 1,100 sq ft, 3/2, built 1973 → Sold $195,000 ($177/sq ft)
• 13350 2nd St – 1,439 sq ft, 3/2, built 2006 → Sold $285,000 ($198/sq ft)
• 2849 Davis Blvd – 1,451 sq ft, 3/2, built 1973 → Sold $235,000 ($162/sq ft)
• 13245 Caribbean Blvd – 1,724 sq ft, 3/2, built 1971 → Active $319,950 ($186/sq ft)

📈 Valuation Insight

At $149,000 asking, this deal is priced at just $97/sq ft, significantly below the comp range of $161–$198/sq ft. After renovations, ARV is likely in the $250k–$265k range, with potential upside if finished to higher standards given active listings in the $300k+ range.  We only used comps that are not on the water.