$169,900
2 Bed Townhouse for Sale in Fort Myers
5540 Malt Drive 4, Fort Myers, FL, 33907
About this home
Charming Townhouse in the Heart of Fort Myers! Great investment opportunity. This beautifully maintained 2 bedroom, 2 bathroom townhouse offers the perfect blend of comfort and convenience. Located in a desirable Parkwoods community, this property boasts spacious living areas. Enjoy an open-concept layout with ample natural light. The expansive Master Suite Retreat includes a walk-in closet. Step outside to your own peaceful oasis. The private patio is perfect for entertaining or relaxing with a morning coffee. Manual Hurricane shutters, New Roof 2025, New Tile in living room, dining room. Prime location, conveniently situated near shopping, dining, with easy access to I-75 and beautiful Gulf Coast beaches.
Property details
- Type
- Townhouse
- Year built
- 1980
- Interior
- 1,260 sqft
- Lot size
- 958.32 sqft
- Acreage
- 0.02 acres
- Garage
- None
- Days on market
- 68
- Total association fees
- $2,600/yr (~$217/mo)
- CDD
- None
- Est. taxes (1.4%)
- $2,379/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- 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
- 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 7 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 |
|---|---|---|---|---|---|
| 1701 Park Meadows Drive 2 | Sep 2025 | $165,000 | 2/2 | 1,260 | $131 |
| 1703 Park Meadows Drive 2 | Aug 2026 | $149,000 | 2/2 | 1,260 | $118 |
| 1708 Park Meadows Drive 4 | Sep 2025 | $145,000 | 2/2 | 1,260 | $115 |
| 1501 Park Meadows Drive 3 | Sep 2025 | $185,000 | 2/2 | 1,260 | $147 |
| 7123 Penner Lane 6 | May 2026 | $185,000 | 3/2 | 1,440 | $128 |
| 7164 Kola Terrace 30 | Dec 2025 | $160,000 | 2/2 | 1,232 | $130 |
| Average | 6 comps | $164,833 | $128 |
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
Down $26,000 (14.1%) from the original list price.
| Feb 18, 2026 | Sold | $159,000 |
| Dec 16, 2025 | Price reducedfrom $175,000 | $169,900 |
| Oct 28, 2025 | Listed | $185,000 |
The good, the trade-offs & the location
- Built 1980 — 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.