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$799,900

For Sale - Active
17170 Harbour Point Dr Unit 105, Fort Myers, FL 33908
2 Beds
2 Baths
1,183 Square Feet
0.00 Acres Lot
Built in 1986
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: May 26, 2025 at 07:29AM

Investment Summary


Monthly Cash Flow
-$3,082
Cap Rate
1.5%
Cash-on-Cash Return
-20.1%
Debt Coverage Ratio
0.25
Internal Rate of Return (5 years)
-15.4%

Property Description


0.00 Acres Lot
Built in 1986
For Sale - Active
Units n/a

Private beach access and unparalleled Gulf views await you from this 2 bedroom/2bathroom condo at Sanibel Harbour Tower. Located as close to Sanibel as you can get without paying the bridge toll, this west-facing property boasts 1,100+ square feet of living area. The 1st-floor unit is an easy walk up one flight of stairs (or take the elevator!) and includes impact resistant windows with electric shutters, an owners parking space, and an expansive kitchen with a space-saving under-counter washer/dryer. Sanibel Harbour Tower offers a community pool/spa and allows owners to lease out their units throughout the year, providing an excellent opportunity for rental income. Fully-furnished with a few exclusions. Sanibel Harbour Tower owners also have access to the unrivaled amenities at Marriott Sanibel Harbour Resort & Spa, located just steps away. Take advantage of the full-service spa, salon, fitness complex, sauna, steam room, indoor and outdoor pools, and five on-site restaurants. Enjoy some tennis, pickleball, and basketball, or take a stroll down the scenic walking path. The resort offers kayak, waverunner, and boat rentals, as well as sunset and sightseeing cruises.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Roof Material: Built-Up, Flat
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $2,747/quarterly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 09462306000TS.0105
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Other, High Rise
  • Year Built: 1986

Tax Information

  • Annual Tax: $6,635

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

Location

  • County: Lee

Listing Details


Listed by:
Jon Feins
Compass Florida LLC
(239) 687-9546

Source:
Florida Gulf Coast Multiple Listing Service
MLS#: 225014695
Florida Gulf Coast Multiple Listing Service

Investment Summary


Monthly Cash Flow
-$3,082
Cap Rate
1.5%
Cash-on-Cash Return
-20.1%
Debt Coverage Ratio
0.25
Internal Rate of Return (5 years)
-15.4%

Purchase Details

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Purchase price:
$799,900
Amount financed:
-$639,920
Down payment:
$159,980
Closing costs:
$23,997
Rehab costs:
$0
Initial cash invested:
$183,977
Square feet:
1,183
Cost per square foot:
$676
Monthly rent per square foot:
$3.04

Financing Details

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Loan amount:
$639,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$4,097
Property tax:
$553
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,902

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$553-$6,636
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (25%)
25%-$916-$10,992
Total operating expenses: (66%)
66%-$2,369-$28,428

Cash Flow


Monthly Yearly
Net operating income:
$1,015 $12,180
Mortgage payments:
-$4,097 -$49,164
Cash flow:
$3,082 $36,984