$56,000
2 Bed Waterfront Home for Sale in Tropic Terrace
1432 Tropic Terrace 1432, North Fort Myers, FL, 33903
About this home
55+ Waterfront Value with Elevator Access, Pool & Gulf-Access Boating Enjoy affordable Florida living in this furnished 2-bedroom, 1.5-bath third-floor end-unit condo located in the active Tropic Terrace 55+ waterfront community. Conveniently situated just steps from the elevator, this light-filled residence offers peaceful canal and landscaped views, along with a comfortable layout ideal for seasonal or year-round living. The enclosed Florida Room provides additional living space to relax, read, or enjoy the tranquil surroundings. As an end unit, you’ll appreciate the extra natural light and added privacy. Tropic Terrace offers an unbeatable lifestyle with Gulf-access boating (via community dock with slip availability), a heated community pool, shuffleboard courts, clubhouse, and well-maintained grounds. Electric is available at the dock, making this an excellent option for boaters looking for an affordable waterfront base. Located just minutes from shopping, dining, medical facilities, and historic downtown Fort Myers, this condo delivers exceptional value for buyers seeking a relaxed, maintenance-free lifestyle in a well-established 55+ community.
Property details
- Type
- Condominium
- Year built
- 1967
- Interior
- 1,056 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 432
- Total association fees
- $8,376/yr (~$698/mo)
- CDD
- None
- Est. taxes (1.4%)
- $784/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
- Assessment Paid
- 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
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 3 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 |
|---|---|---|---|---|---|
| 1416 Tropic Terrace | Feb 2026 | $55,000 | 2/1 | 936 | $59 |
| 1423 Tropic Terrace | Mar 2026 | $65,000 | 2/1 | 930 | $70 |
| 1503 Tropic Terrace | May 2026 | $50,000 | 2/1 | 930 | $54 |
| Average | 3 comps | $56,667 | $61 |
Market trends, Tropic Terrace
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $57,999 (58%) from the original list price.
| May 11, 2026 | Sold | $42,000 |
| Mar 31, 2026 | Back on market | |
| Mar 10, 2026 | Price reducedfrom $54,900 | $56,000 |
| Jan 21, 2025 | Listed | $99,999 |
The good, the trade-offs & the location
- Waterfront
- Built 1967 — 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
- 55+ age-restricted community
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.