2 Bed Waterfront Home for Sale in Schooner Bay
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For SaleMLS# 2026020428

$149,000

2 Bed Waterfront Home for Sale in Schooner Bay

3490 N Key Drive 209, North Fort Myers, FL, 33903

2 beds2 baths1,106 sqft
BoatingFitness CenterClubhouseCommunity PoolWaterfront

About this home

Welcome to Schooner Bay, a resort-style waterfront community nestled along the scenic Caloosahatchee River. This beautifully maintained condo offers two bedrooms, with the flexible first bedroom ideal for a den, office, or guest space. Enjoy breathtaking sunset views from the comfort of your den or while relaxing on the oversized lanai, featuring large impact-resistant sliding glass doors that bring in abundant natural light. The renovated kitchen is designed for both style and function, showcasing stainless steel appliances, generous cabinet storage, and ample counter space. The open layout allows room for bar stool seating overlooking the living area, perfect for casual dining or entertaining. Storage is plentiful throughout the home, including additional cabinetry in the dining area for easy access to dinnerware and essentials. Tile flooring throughout the main living spaces makes maintenance effortless. At the end of the day, retreat to the spacious primary bedroom featuring cozy carpeting, a walk-in closet, and an updated en-suite bathroom with a beautifully tiled porcelain shower. Residents of Schooner Bay enjoy a variety of amenities in what many call North Fort Myers’ hidden gem. Conveniently located near downtown Fort Myers, shopping, waterfront dining, and just a short drive to area beaches and islands, this home offers the perfect blend of comfort, convenience, and Florida waterfront living. Make this condo your home today!

Property details

Type
Condominium
Year built
1977
Interior
1,106 sqft
Lot size
26,070.66 sqft
Acreage
0.60 acres
Garage
None
Days on market
25
Total association fees
$9,960/yr (~$830/mo)
CDD
None
Est. taxes (1.4%)
$2,086/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

AssociationManagementCableTvInsuranceIrrigationWaterLegalAccountingMaintenanceGroundsPestControlRecreationFacilitiesReserveFundRoadMaintenanceSewerStreetLightsTrashWater

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

Amenities

BoatDockBilliardRoomBilliardsBusinessCenterClubhouseFitnessCenterLibraryBarbecuePicnicAreaPierPoolShuffleboardCourtSaunaSidewalksTrailsTrashVehicleWashAreaManagement

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
$135/sqft
Comp median
$130/sqft
Difference
+4%

Based on the $/sqft of 6 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
3490 N Key Drive 514May 2026$130,0002/21,106$118
3460 N Key Drive 416Oct 2025$143,7501/21,106$130
4510 N Key Drive 104Oct 2025$170,0002/2982$173
4510 N Key Drive 304Jul 2026$135,0002/2982$137
3462 Hancock Bridge Parkway 254Jul 2026$150,0002/21,152$130
1051 Palm Avenue 117Aug 2026$139,0002/21,069$130
Average6 comps$144,625$136

Market trends, Schooner Bay

Median list
$250,000
Median $/sqft
$222
Median sold (90d)
$280,000
Avg days on market
111
Active listings
25
Median sold price · Schooner Bay
$280,000last 3 months15.2% vs $330,000 prior 3 months
Median closed price by month · Schooner Bay
61.5% MoM
$188k$360k$532kFeb ’26Jul ’26
$187,500Jul ’26 · 6 sales

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

The good, the trade-offs & the location

Pros
  • Waterfront
Consider
  • Built 1977 — 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
  • Higher association fees (~$9,960/yr)
Location convenienceHigh
Hospital
3.7 mi
Cape Coral Hospital
Beach
14.6 mi
Fort Myers Beach
Airport
5.2 mi
Page Field (Fort Myers)
Shopping
3.1 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.