$140,000
2 Bed 2 Bath Waterfront Condominium for Sale in SCHOONER BAY, FL
3490 N Key Drive 307, North Fort Myers, FL, 33903
About this home
Discover your Southwest Florida oasis located just steps away from the beautiful Caloosahatchee River. Enjoy the vacation lifestyle in this newly renovated two bedroom, two-bathroom condo with an extra-large master bedroom, huge walk-in closet, washer and dryer, brand new appliances 07/23 including refrigerator, range, dishwasher and microwave. The second bedroom wall has been removed to make a larger living/dining room area. Condo includes screened lanai with outdoor seating and views of the river as well as built in curtain storm shutters. The second bedroom has been converted into an oversized dining and living room complete with wet bar. Schooner Bay features remarkable amenities, such as a fitness center, sauna, fishing pier, and community pool and is within walking distance to a variety of restaurants and marinas.
Property details
- Type
- Condominium
- Year built
- 1977
- Interior
- 1,106 sqft
- Lot size
- 26,022.744 sqft
- Acreage
- 0.60 acres
- Garage
- None
- Days on market
- 192
- Total association fees
- $9,336/yr (~$778/mo)
- CDD
- None
- Est. taxes (1.4%)
- $1,960/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Shutters
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- 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 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 |
|---|---|---|---|---|---|
| 3460 N Key Drive 416 | Oct 2025 | $143,750 | 1/2 | 1,106 | $130 |
| 3490 N Key Drive 514 | May 2026 | $130,000 | 2/2 | 1,106 | $118 |
| 4510 N Key Drive 304 | Jul 2026 | $135,000 | 2/2 | 982 | $137 |
| 3462 Hancock Bridge Parkway 254 | Jul 2026 | $150,000 | 2/2 | 1,152 | $130 |
| 1165 Palm Avenue 5C | Dec 2025 | $119,999 | 2/1 | 927 | $129 |
| Average | 5 comps | $135,750 | $129 |
Market trends — Schooner Bay
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $100,000 (44.4%) from the original list price.
| Nov 10, 2025 | Sold | $125,000 |
| Aug 21, 2025 | Back on market | |
| Jul 25, 2025 | Price reducedfrom $195,000 | $140,000 |
| Aug 20, 2024 | Listed | $225,000 |
The good, the trade-offs & the location
- Waterfront
- Storm protection: Shutters
- 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 (~$9,336/yr)
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.