2 Bed Waterfront Home for Sale in Tropic Terrace
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For SaleMLS# 2025016421

$105,000

2 Bed Waterfront Home for Sale in Tropic Terrace

1003 Tropic Terrace, North Fort Myers, FL, 33903

2 beds1.5 baths930 sqft
GatedBoatingClubhouseCommunity PoolWaterfront

About this home

Gulf Access Condo — NOT in a Flood Zone & No Age Restrictions! Affordable waterfront living is getting harder to find—especially with Gulf access, no flood zone, and no age restrictions—and this one checks all three. Located in Tropic Terrace, this first-floor 2-bedroom, 1.5-bath condo offers easy, low-maintenance living in a peaceful waterfront community. Enjoy a screened lanai with landscaped views, perfect for morning coffee or relaxing after a day on the water. Inside, the layout is bright and functional with tile and carpet flooring, ceiling fans, and comfortable living space. For boaters, the community offers a boat ramp and dock leases available on a first-come basis, providing direct access to Southwest Florida waterways. Residents enjoy a community pool, clubhouse, shuffleboard, and common laundry, all just minutes from downtown Fort Myers, shopping, dining, and I-75. The community allows one cat, making this a great option for pet lovers—another rare find in waterfront condos. Whether you're looking for a full-time home, winter retreat, or investment, this is a smart opportunity to get into a Gulf-access community without flood zone concerns.

Property details

Type
Condominium
Year built
1964
Interior
930 sqft
Lot size
11,099.088 sqft
Acreage
0.25 acres
Garage
None
Days on market
242
Total association fees
$6,946/yr (~$579/mo)
CDD
None
Est. taxes (1.4%)
$1,470/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
None listed
Exposure
East
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
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

AssociationManagementInsuranceLegalAccountingMaintenanceGroundsPestControlRecreationFacilitiesTrash

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

Amenities

BoatDockBoatRampClubhouseLaundryPoolShuffleboardCourtManagement

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.

At marketThis home is priced in line with comparable recent sales.
This home
$113/sqft
Comp median
$115/sqft
Difference
-2%

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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
899 Ridgeway DriveJun 2026$130,0002/1907$143
1421 Tropic TerraceJul 2026$81,5002/2953$86
4781 Orange Grove Boulevard 3Aug 2026$85,0002/1741$115
1715 Golf Club Drive 2Aug 2026$91,0002/21,129$81
1707 Golf Club Drive 3Oct 2025$108,0002/21,129$96
1196 Pine Lake DriveJan 2026$130,0002/11,007$129
Average6 comps$104,250$108

Market trends, Tropic Terrace

Median list
$122,000
Median $/sqft
$113
Median sold (90d)
$100,500
Avg days on market
107
Active listings
27
Median sold price · Tropic Terrace
$100,500last 3 months43.6% vs $70,000 prior 3 months

Live community medians from the MLS · see all listings. Indicative, not an appraisal.

Price & status history

Down $18,450 (14.9%) from the original list price.

Jun 10, 2026Price reducedfrom $109,000$105,000
Oct 23, 2025Listed$123,450

The good, the trade-offs & the location

Pros
  • Waterfront
Consider
  • Built 1964 — 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
Location convenienceHigh
Hospital
2.4 mi
Cape Coral Hospital
Beach
14.2 mi
Fort Myers Beach
Airport
5.7 mi
Page Field (Fort Myers)
Shopping
1.6 mi
Coralwood / Merchants Crossing (Cape)

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.