$50,000
2 Bed Waterfront Home for Sale in Tropic Terrace
1503 Tropic Terrace, North Fort Myers, FL, 33903
About this home
Great Opportunity! Remodeled Gulf Access Condo with Canal and Landscaped Views now Available at Tropic Terrace! Two Bedrooms, One and a Half Baths, First Floor Condo. New Interior Paint, LVP Porch Flooring, Some Hardware, Fixtures and Fans! Updated Kitchen with Tile Backsplash, Solid Surface Countertops, Nice Countertops and Flooring. Open Living and Dining Room Combination. Lovely Updated Baths. Full Main Bath with Shower. This Bright Condo has Sliders to a Wonderful Three Season Enclosed Porch. Main Bedroom with Walk In Size Closet. Main Bedroom has Full Ensuite Bath with Shower. Guest Bath with Tub and Shower Combination. Fabulous Amenities including Gulf Access, Boat Ramp, Dockage Boat Slips as Available, Manicured Parklike Setting, Heated Olympic Size Swimming Pool, Clubhouse, Shuffleboard, Common Laundry, Storage, and BBQ Area. Low Fees. Excellent Location close to Shopping, Grocery, Restaurants, Downtown Fort Myers Rivers District and US 41. Easy Boating Access to the River. 55+
Property details
- Type
- Condominium
- Year built
- 1968
- Interior
- 930 sqft
- Lot size
- 14,623.092 sqft
- Acreage
- 0.34 acres
- Garage
- None
- Days on market
- 279
- Total association fees
- $8,328/yr (~$694/mo)
- CDD
- None
- Est. taxes (1.4%)
- $700/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- West
- 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
- 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
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 4 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 |
|---|---|---|---|---|---|
| 1416 Tropic Terrace | Feb 2026 | $55,000 | 2/1 | 936 | $59 |
| 1432 Tropic Terrace 1432 | May 2026 | $42,000 | 2/1 | 1,056 | $40 |
| 1165 Palm Avenue 1B | Dec 2025 | $37,500 | 2/1 | 875 | $43 |
| 1165 Palm Avenue 1C | Nov 2025 | $41,100 | 2/1 | 875 | $47 |
| Average | 4 comps | $43,900 | $47 |
Market trends, Tropic Terrace
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $60,000 (54.5%) from the original list price.
| May 29, 2026 | Sold | $50,000 |
| May 5, 2026 | Price reducedfrom $55,000 | $50,000 |
| Aug 1, 2025 | Listed | $110,000 |
The good, the trade-offs & the location
- Waterfront
- Built 1968 — 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
- 55+ age-restricted community
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.
Similar communities
Matched by amenities, price tier, and location to Tropic Terrace.
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.