$149,000
2 Bed SingleFamilyResidence for Sale in Cabana City
1132 River Road, North Fort Myers, FL, 33903
About this home
Cash investment opportunity with proven rental history! Major improvements have already been completed, including a new A/C (2025), new septic system (2025), updated kitchen (2024), and new flooring (2024). Additional repairs and updates remain, providing an opportunity for investors to add value. Previously rented for $1,700/month. Additional bedroom and bathroom were added by a previous owner without permits. Buyer should verify all permitting, dimensions, and intended use. Detached garage is conveyed as-is and may require repair. Property is being sold as-is.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1953
- Interior
- 1,048 sqft
- Lot size
- 9,931.68 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 134
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $2,086/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- East
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Septic Tank
- New construction
- No
- Pets
- Yes
- County
- Lee
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 12 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 |
|---|---|---|---|---|---|
| 57 Cardinal Drive | Mar 2026 | $135,000 | 2/1 | 1,200 | $113 |
| 3490 N Key Drive 307 | Nov 2025 | $125,000 | 2/2 | 1,106 | $113 |
| 3356 N Key Drive F-3 | Aug 2025 | $175,000 | 2/2 | 1,200 | $146 |
| 3358 N Key Drive 2 | Aug 2026 | $175,000 | 2/2 | 1,200 | $146 |
| 1165 Palm Avenue 5C | Dec 2025 | $119,999 | 2/1 | 927 | $129 |
| 1051 Palm Avenue 117 | Aug 2026 | $139,000 | 2/2 | 1,069 | $130 |
| Average | 6 comps | $144,833 | $130 |
Market trends, North 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
Down $30,500 (17%) from the original list price.
| Aug 31, 2026 | Back on market | |
| Jul 24, 2026 | Price reducedfrom $157,900 | $149,000 |
| Apr 2, 2026 | Listed | $179,500 |
The good, the trade-offs & the location
- Storm protection: Impact Windows/Doors
- 2-car garage
- Built 1953 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
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.