2 Bed Condominium for Sale in Fort Myers
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For SaleMLS# 2026019115

$106,000

2 Bed Condominium for Sale in Fort Myers

1560 Colonial Boulevard 235, Fort Myers, FL, 33907

2 beds1 baths874 sqft
GatedCommunity Pool

About this home

Excellent investment opportunity in a prime Fort Myers location! This well-positioned condo at Colonial West offers immediate rental income with a tenant already in place, creating a seamless opportunity for investors looking to minimize vacancy and maximize cash flow. Conveniently located near US-41, Downtown Fort Myers, shopping, dining, medical facilities, and everyday conveniences, the property benefits from strong rental demand and central accessibility. Tenant is in place through August 2026 and would like to remain, providing added stability and continuity for the next owner. Whether you are expanding your portfolio or looking for a low-maintenance investment property in Southwest Florida, this is an opportunity worth considering.

Property details

Type
Condominium
Year built
1972
Interior
874 sqft
Lot size
4,983.264 sqft
Acreage
0.11 acres
Garage
None
Days on market
107
Total association fees
$4,980/yr (~$415/mo)
CDD
None
Est. taxes (1.4%)
$1,484/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
None listed
Exposure
North
Waterfront
No
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Public
Sewer
Public Sewer
New construction
No
Pets
No
County
Lee

Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges, mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees, which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.

Maintenance included in the fee

LegalAccountingMaintenanceGroundsTrash

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

Amenities

LaundryPoolManagement

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.

Below marketThis home is priced below comparable recent sales, a potential value.
This home
$121/sqft
Comp median
$131/sqft
Difference
-8%

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
1560 Colonial Boulevard 234Aug 2026$92,9001/1708$131
1560 Colonial Boulevard 136Aug 2026$98,0002/1874$112
4790 S Cleveland Avenue 2105Jun 2026$117,5002/2801$147
Average3 comps$102,800$130

Market trends, Fort Myers

Median list
$319,998
Median $/sqft
$209
Median sold (90d)
$330,000
Avg days on market
98
Active listings
2,493
Median sold price · Fort Myers
$330,000last 3 months1.5% vs $335,000 prior 3 months
Median closed price by month · Fort Myers
6.3% MoM2.6% YoY
$319k$349k$380kJul ’25Aug ’26
$338,500Aug ’26 · 354 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.

Price & status history

Down $14,000 (11.7%) from the original list price.

Aug 11, 2026Price reducedfrom $109,000$106,000
Apr 26, 2026Listed$120,000

The good, the trade-offs & the location

Pros
  • Lower flood risk (zone X)
Consider
  • Built 1972 — pre-2002 construction may carry older wind codes and higher insurance
  • No garage listed
Location convenienceHigh
Hospital
3.7 mi
Gulf Coast Medical Center
Beach
10.8 mi
Fort Myers Beach
Airport
1.3 mi
Page Field (Fort Myers)
Shopping
0.7 mi
Edison Mall (Fort Myers)

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.