$292,500
2 Bed Waterfront Home for Sale in Shipyard Villas
3347 N Key Drive 31, North Fort Myers, FL, 33903
About this home
Enjoy true Southwest Florida waterfront living in this direct Gulf-access, two-bedroom, two-and-a-half-bath townhome located in the boating community of Shipyard Villas. This rare END UNIT offers beautiful views and deep-water extra wide and deep access directly behind the home, allowing you to keep your boat just steps away. The property has seen significant upgrades, including an all-new kitchen completed in 2023, Updated A/C system installed in 2022, and a brand-new roof in 2025. Brand-new hurricane-impact windows have been installed. New vinyl siding being installed as well. The downstairs living space features a charming sliding farm-style door, and the community is pet-friendly with one assigned parking spot and allowance for two vehicles total. The first floor includes the updated kitchen, an open dining and living area with built-ins, a half bath, and a screened lanai overlooking the water. The second floor features the main bedroom with an ensuite bath that includes a shower, vanity, and water closet. A full-size laundry and utility closet sits in the hallway along with a full guest bath and guest bedroom. Shipyard Villas is a welcoming non-gated boating community offering a pool, patio, and barbecue area. The location provides exceptionally quick access to the Caloosahatchee River and the vibrant Downtown Fort Myers Waterfront District, known for its restaurants, shopping, entertainment, and services. A free trolley stop to Historic Downtown Fort Myers is conveniently close by, and residents enjoy incredible sunsets from this waterfront setting. The sellers prefer to close and/or rent back until April 1st, offering flexibility for both parties.
Property details
- Type
- Townhouse
- Year built
- 2003
- Interior
- 1,112 sqft
- Lot size
- 5,192.352 sqft
- Acreage
- 0.12 acres
- Garage
- None
- Days on market
- 56
- Total association fees
- $9,500/yr (~$792/mo)
- CDD
- None
- Est. taxes (1.4%)
- $4,095/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- 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
- 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 7 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 |
|---|---|---|---|---|---|
| 4510 N Key Drive 604 | Feb 2026 | $219,900 | 2/2 | 982 | $224 |
| 4510 N Key Drive 204 | Jul 2026 | $225,000 | 2/2 | 1,058 | $213 |
| 4510 N Key Drive 503 | Mar 2026 | $224,900 | 2/2 | 982 | $229 |
| 8150 Cleaves Road | Nov 2025 | $302,500 | 3/2 | 1,260 | $240 |
| 950 Moody Road 111 | Mar 2026 | $235,000 | 2/2 | 1,225 | $192 |
| 421 Cross Street | Aug 2026 | $339,000 | 3/2 | 1,092 | $310 |
| Average | 6 comps | $257,717 | $235 |
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 $2,500 (0.8%) from the original list price.
| Jul 15, 2026 | Price reducedfrom $295,000 | $292,500 |
| May 20, 2026 | Listed | $295,000 |
The good, the trade-offs & the location
- Built 2003 — post-2002 Florida wind codes (typically lower insurance)
- Waterfront
- Storm protection: Impact Windows/Doors
- In a higher-risk flood zone (AE) — flood insurance likely required
- No garage listed
- Higher association fees (~$9,500/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.