1 Bed Waterfront Home for Sale in Palms At Waters Edge
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For SaleMLS# 2026037698

$165,500

1 Bed Waterfront Home for Sale in Palms At Waters Edge

3338 N Key Drive 4, North Fort Myers, FL, 33903

1 beds1 baths659 sqft
GatedFitness CenterClubhouseCommunity PoolWaterfront

About this home

A front-row seat to the Southwest Florida lifestyle awaits at 3338 N Key Drive #4. Perched on the top floor with some of the most captivating views in the community, this 1-bedroom, 1-bath waterfront condo overlooks the sparkling Caloosahatchee River, community pool, and Downtown Fort Myers skyline. From your private balcony, watch dolphins play, sailboats drift by, and spectacular sunsets paint the river, all from the comfort of home. Inside, top-floor living means no neighbors above and beautiful, unobstructed views that instantly set this residence apart. Recent improvements include a newer roof, A/C, water heater, exterior paint, and gutters, while hurricane-impact windows and doors are installed for added peace of mind. The unit also sustained no hurricane damage. Here, the lifestyle extends well beyond your front door. Launch a kayak, cast a line from the private fishing pier, relax by the pool, or enjoy an evening BBQ along the waterfront. When you are ready for a night out, Downtown Fort Myers and its restaurants, entertainment, and River District charm are just a short bike ride away via the new pedestrian bridge. Whether you are searching for a peaceful waterfront retreat, seasonal escape, or investment opportunity, this is Florida living with a view you will never tire of coming home to.

Property details

Type
Condominium
Year built
1974
Interior
659 sqft
Lot size
1,663.992 sqft
Acreage
0.04 acres
Garage
None
Days on market
0
Total association fees
Yes, contact for amount
CDD
None
Est. taxes (1.4%)
$2,317/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Impact Windows/Doors
Exposure
South
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Public
Sewer
Public Sewer
New construction
No
Pets
Call, Conditional
County
Lee

Maintenance included in the fee

AssociationManagementInsuranceIrrigationWaterLegalAccountingMaintenanceGroundsMaintenanceStructurePestControlRecreationFacilitiesReserveFundSewerStreetLightsTrashWater

What the association dues cover, per the MLS. Confirm the full schedule with the HOA.

Amenities

ClubhouseFitnessCenterBarbecuePicnicAreaPoolSidewalksManagement

Flood risk shown is an area-level estimate and can differ from a specific unit's actual FEMA designation (which varies by structure and elevation). Look up this address on the FEMA Flood Map and verify with a licensed insurance agent before relying on it.

Above marketThis home is priced above comparable recent sales.
This home
$251/sqft
Comp median
$182/sqft
Difference
+38%

Based on the $/sqft of 3 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.

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Recently sold nearby

Closed comparable sales within ~1 mile in the last 12 months, similar price, size, beds/baths, and age.

AddressSoldSold priceBeds/BathsSq ft$/sqft
3340 N Key Drive B1May 2026$144,1502/1791$182
3330 N Key Drive F6Jun 2026$165,0002/1791$209
3460 N Key Drive 301Oct 2025$149,0001/1840$177
Average3 comps$152,717$189

Market trends, North Fort Myers

Median list
$279,000
Median $/sqft
$181
Median sold (90d)
$280,950
Avg days on market
91
Active listings
651
Median sold price · North Fort Myers
$280,000last 3 months5.1% vs $295,000 prior 3 months
Median closed price by month · North Fort Myers
9.1% MoM8.8% YoY
$240k$284k$329kJul ’25Sep ’26
$300,000Sep ’26 · 15 sales

Median of closed MLS sales each month over the available window. Months with too few sales are omitted; the range extends automatically as more sales close.

Live area medians from the MLS · see all listings. Indicative, not an appraisal.

The good, the trade-offs & the location

Pros
  • Waterfront
  • Storm protection: Impact Windows/Doors
Consider
  • Built 1974 — pre-2002 construction may carry older wind codes and higher insurance
  • In a higher-risk flood zone (AE) — flood insurance likely required
  • No garage listed
Location convenienceHigh
Hospital
4 mi
Cape Coral Hospital
Beach
14.8 mi
Fort Myers Beach
Airport
5.2 mi
Page Field (Fort Myers)
Shopping
3.4 mi
Coralwood / Merchants Crossing (Cape)

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.