$135,000
2 Bed Waterfront Home for Sale in Palms At Waters Edge
3340 N Key Drive 2, North Fort Myers, FL, 33903
About this home
Discover an exceptional opportunity at Palms at Waters Edge, a waterfront condominium community ideally situated along the Caloosahatchee River in North Fort Myers. This residence offers an attractive combination of value, location, and scenic surroundings, with sweeping river views and a direct line of sight toward downtown Fort Myers. New front door and patio doors are being installed. The unit features a well-appointed interior with granite countertops, stainless steel appliances, and tile flooring throughout for easy maintenance. The bathroom includes a spacious jetted tub and granite vanity, and the home is equipped with an interior laundry area for added convenience. French doors lead to a private patio, creating a natural connection between indoor living and the outdoors. Palms at Waters Edge is a low-rise community with 92 residences across 12 buildings and offers residents a riverfront pool, BBQ grilling area, and waterfront walkways ideal for relaxing or enjoying the views. Located on North Key Drive—west of US-41 and south of Hancock Bridge Parkway—the community provides ample parking and convenient access to nearby medical facilities, shopping, and the dining and entertainment options of downtown Fort Myers, reachable by car or trolley. Schedule your private showing today to learn more about this waterfront offering.
Property details
- Type
- Condominium
- Year built
- 1974
- Interior
- 791 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 0
- Total association fees
- $6,304/yr (~$525/mo)
- CDD
- None
- Est. taxes (1.4%)
- $1,890/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- Northwest
- 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 5 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 |
|---|---|---|---|---|---|
| 3340 N Key Drive B1 | May 2026 | $144,150 | 2/1 | 791 | $182 |
| 3326 N Key Drive 5 | Jul 2026 | $115,000 | 2/1 | 791 | $145 |
| 3460 N Key Drive 301 | Oct 2025 | $149,000 | 1/1 | 840 | $177 |
| 3490 N Key Drive 301 | Jul 2026 | $120,000 | 1/1 | 840 | $143 |
| 4510 N Key Drive 304 | Jul 2026 | $135,000 | 2/2 | 982 | $137 |
| Average | 5 comps | $132,630 | $157 |
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.
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.