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North Fort Myers,FL 33917
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,548 sqft
Price per Sqft $139
Subdivision Holeusa Estates
MLS Listing ID 2025007686
Style Courtyard,Multi-Level,Other,Two Story,Split Level
Bedrooms 5
Full Baths 4
Construction Status Resale
HOA Y/N No
Year Built 1959
Annual Tax Amount $6,827
Tax Year 2024
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions Appraiser
Property Sub-Type Single Family Residence
Property Description
RARE INVESTMENT/DEVELOPMENT OPPORTUNITY | HOME/DOUBLE LOT/LAND
Welcome to "The Brilliant Pearl Luxe" Please refer to the airbnb listing (google The Brilliant Pearl Luxe) page for historical reference/photos of the condition of the home pre-Helene. This home is currently gutted on the 1st floor to the studs/block 4' High. The 2nd floor still fully renovated. After hurricane Helene, the property received a "Substantial Damage Letter" from the county(attached), preventing the home to be repaired to code compliance as its sits on its current elevation(see attachment). In addition, the property is now considered an SRL(Severe Repetitive Loss) by FEMA until its either elevated, rebuilt from the 2nd floor up, or demolished & a new home on some form of stilts would be built. Currently the flood insurance is an NFIP policy. The home has been well maintained throughout & remediated of any potential mold. The DOUBLE lot is fully developed & has over $200k in exterior upgrades including the exotic landscaping, landscape lighting front & back, new boat dock, new boat lift, 150' seawall, new 30' outdoor kitchen with fireplace & paradise grill appliances, new 20x10 automated pergola, new pool, RV parking on an additional oversized driveway with electrical & water hookups, lifeguard clubhouse w/shed, new pavers front & back & a new fence around the perimeter of the home. All of this is well maintained weekly. The home itself has beautiful new bahama shutters on every window, 2 new AC's, all new hurricane impact windows and sliders plus automated shades for the oversized canal facing slider windows. All of this can be salvaged if decided to be elevated or rebuilt. The lot was just recently appraised for the land value alone & that is available upon request. The lot has 150' of canal waterfront and the lot is a quick turn to the Caloosahatchee River near the river district and making for easy and fast gulf access. This home was a luxury airbnb with a track record of producing $600-$1000/per night. We can provide then financial worksheet forairbnb if requested. This is an opportunity listed at a price to sell fast as they want to close on this as soon as possible to clear the mortgage. The home was completely renovated after Ian & had a valuation of $1.3m+ at the time it was finished. If someone were to buy this home and simply repair it, please understand the county will not permit you and you would be doing so at your own risk. Either way this is a very favorable opportunity for one lucky buyer who will be getting a fully renovated & updated lot with all the amenities described, allowing for a tremendous head start to someone wanting to elevate the home or rebuild a new home on the lot. Please have agent share the documents regarding code compliance, SRL determination, &the substantial damage letter for your review. We can answer any questions you may have so please schedule a showing today and feel free to call me. All offers will be considered.
Location
State FL
County Lee
Community Holeusa Estates
Area Fn08 - North Fort Myers Area
Direction North
Rooms
Bedroom Description 5.0
Interior
Interior Features Breakfast Bar, Separate/ Formal Dining Room, Eat-in Kitchen, Living/ Dining Room, Main Level Primary, None, Bar, Window Treatments, Split Bedrooms
Heating Central, Electric
Cooling Central Air, Electric
Flooring Laminate, Tile, Vinyl
Furnishings Unfurnished
Fireplace No
Window Features Sliding,Impact Glass,Shutters,Window Coverings
Appliance Water Softener
Laundry Inside
Exterior
Exterior Feature Courtyard, Fence, Sprinkler/ Irrigation, Outdoor Grill, Outdoor Kitchen, Other, Patio, Storage, Awning(s)
Parking Features Attached, Garage
Garage Spaces 1.0
Garage Description 1.0
Pool Electric Heat, Heated, In Ground, Salt Water
Community Features Non- Gated
Utilities Available Cable Available
Amenities Available Bike Storage,Other,Playground,Pool,See Remarks,Storage
Waterfront Description Canal Access, Seawall
View Y/N Yes
View Canal, Pool, River, Water
Roof Type Built- Up, Flat, Metal
Porch Patio
Garage Yes
Private Pool Yes
Building
Lot Description Oversized Lot, Sprinklers Automatic
Faces North
Story 2
Entry Level Two,Multi/Split
Sewer Assessment Paid, Public Sewer
Architectural Style Courtyard,Multi-Level,Other,Two Story,Split Level
Level or Stories Two,Multi/Split
Additional Building Gazebo,Outbuilding
Structure Type Block,Other,Concrete,Wood Frame
Construction Status Resale
Schools
Elementary Schools Choice Of Schools
Middle Schools Choice Of Schools
High Schools Choice Of Schools
Others
Pets Allowed Yes
HOA Fee Include Cable TV,Irrigation Water,Pest Control,Security,Trash,Water
Senior Community No
Tax ID 02-44-24-18-00000.0070
Ownership Single Family
Security Features Burglar Alarm (Monitored),Security System,Fenced,Smoke Detector(s)
Acceptable Financing Assumable,Cash,Owner May Carry
Disclosures Disclosure on File,Owner Has Flood Insurance,Owner Is Listing Agent,Seller Disclosure
Listing Terms Assumable,Cash,Owner May Carry
Pets Allowed Yes