$149,999
2 Bed Townhouse for Sale in Pine Grove
7161 Penner Lane #4, Fort Myers, FL, 33907
About this home
FOR Sale - Beautifully maintained 2-bedroom, 2-bathroom condo located in the heart of Ft Myers near College Parkway. This unit features a full-size kitchen with ample cabinetry and a convenient built-in workspace/office desk area. In-unit laundry is located at the end of the kitchen for added functionality. Interior updates include new flooring (June 2020) and a new AC system (May 2020). The refrigerator and dishwasher were replaced in early 2021, offering added value and reliability. Building and exterior improvements include a new roof and skylight (February 2024), a new front door (August 2024), and all screen repairs completed in January 2026. PETS Allowed 2 Dogs or Cats. Tenant-occupied. Tenant is currently on a month-to-month lease and may remain for investors seeking immediate rental income. Tenant will vacate with proper notice if buyer intends to occupy. This condo offers an excellent opportunity for full-time living or investment in a highly desirable Ft. Myers location close to shopping, dining, and major roadways.
Property details
- Type
- Townhouse
- Year built
- 1988
- Interior
- 976 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 17
- Total association fees
- $4,368/yr (~$364/mo)
- CDD
- None
- Est. taxes (1.4%)
- $2,100/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- West
- 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
- Call, Conditional
- 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
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
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.
Based on the $/sqft of 5 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.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 7164 Lyle Terrace 2 | Feb 2026 | $168,000 | 2/2 | 976 | $172 |
| 7165 Almendro Terrace 3 | Dec 2025 | $151,000 | 2/2 | 976 | $155 |
| 12561 Equestrian Circle 802 | Sep 2026 | $159,000 | 2/2 | 1,033 | $154 |
| 12570 Equestrian Circle 1410 | Dec 2025 | $130,000 | 2/2 | 1,033 | $126 |
| 12581 Equestrian Circle 1016 | Jul 2026 | $170,000 | 2/2 | 1,033 | $165 |
| Average | 5 comps | $155,600 | $154 |
Market trends, Fort Myers
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
Up $7,499 (5.3%) from the original list price.
| Sep 19, 2026 | Back on market | |
| Sep 10, 2026 | Price increasedfrom $142,500 | $149,999 |
| Jun 2, 2026 | Listed | $142,500 |
The good, the trade-offs & the location
- Built 1988 — 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
Straight-line distances to major SWFL amenities, approximate; actual drive times vary.
Nearby schools
Get more information on their programs, scores, and extracurriculars on each school's page · browse the full schools directory.
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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.