$147,000
2 Bed 1 Bath Waterfront Condominium for Sale in PALMS AT WATERS EDGE, FL
3326 N Key Drive 5, North Fort Myers, FL, 33903
About this home
Waterfront Views at an amazing value!! This 2 bedroom condo is offered turnkey furnished and features amazing waterfront views! Palms at Waters Edge is a beautifully maintained community located on the Caloosahatchee River in North Fort Myers. With a large pool overlooking downtown Fort Myers, captain’s walk located right along the riverfront, picnic area with grills, and beautiful landscaping this community is the best kept secret in SWFL. Just a short walk to Marina Town with a variety of restaurants, or take the trolley over to the historic downtown Fort Myers where there are countless dining, entertainment, and shopping options. Book a showing today!
Property details
- Type
- Condominium
- Year built
- 1974
- Interior
- 791 sqft
- Lot size
- 3,942.18 sqft
- Acreage
- 0.09 acres
- Garage
- None
- Days on market
- 45
- Total association fees
- $6,300/yr (~$525/mo)
- CDD
- None
- Est. taxes (1.4%)
- $2,058/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- North
- 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
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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Your notes on this home
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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 |
|---|---|---|---|---|---|
| 3330 N Key Drive F6 | Jun 2026 | $165,000 | 2/1 | 791 | $209 |
| 3340 N Key Drive B1 | May 2026 | $144,150 | 2/1 | 791 | $182 |
| 3460 N Key Drive 301 | Oct 2025 | $149,000 | 1/1 | 840 | $177 |
| 4510 N Key Drive 304 | Jul 2026 | $135,000 | 2/2 | 982 | $137 |
| Average | 4 comps | $148,288 | $176 |
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 $32,000 (21.8%) from the original list price.
| Jul 13, 2026 | Sold | $115,000 |
| May 1, 2026 | Listed | $147,000 |
The good, the trade-offs & the location
- Waterfront
- Built 1974 — 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.