$499,999
3 Bed 2 Bath Pool Waterfront SingleFamilyResidence for Sale in WATERWAY ESTATES, FL
1691 Lakeside Terrace, North Fort Myers, FL, 33903
About this home
Experience the ultimate in luxury waterfront living and true boating freedom in the highly desirable Waterway Estates, just one minute from the Caloosahatchee River. This beautifully updated home offers direct water access with a 7,500-lb electric boat lift, boat davits, and seawall, allowing you to cruise Southwest Florida’s waterways and Gulf Coast in minutes. Designed for both relaxation and entertaining, the outdoor living space features a heated pool, cooling pool, and a brand-new six-person above-ground spa conveniently located off the primary suite. The expansive screened lanai wraps the pool and patio areas, creating a private, resort-style oasis ideal for year-round enjoyment. Inside, the recently remodeled kitchen blends elegance and functionality with white shaker-style cabinetry, quartz countertops, a center island, ample storage, and brand-new stainless-steel appliances. New porcelain tile flooring flows throughout the home, complemented by modern ceiling fans and stylish solid wood three-panel doors. The primary suite offers private lanai access and an en-suite bath with a walk-in glass shower featuring floor-to-ceiling tile. A bright Florida room with double-paned windows adds natural light and additional living space, enhancing the home’s open and airy feel. Additional highlights include a durable metal roof, double-wide driveway, storage shed, and a peaceful waterfront setting in an established community with no HOA, no deed restrictions, no community fees, and no city taxes. Ideally located approximately ½ mile from Cape Coral city limits and about 3 miles from the Edison Bridge to Fort Myers, this home delivers luxury, location, and lifestyle—without added costs or restrictions. This is Florida waterfront living at its finest—where elegance meets effortless boating.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1966
- Interior
- 1,450 sqft
- Lot size
- 8,450.64 sqft
- Acreage
- 0.19 acres
- Garage
- 1 car
- Days on market
- 11
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $7,000/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Shutters
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Indirect — bridges/locks
- Pool
- Yes
- Spa
- Yes
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- New construction
- No
- Pets
- Yes
- County
- Lee
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 |
|---|---|---|---|---|---|
| 4340 S Canal Circle | Mar 2026 | $435,000 | 3/2 | 1,635 | $266 |
| 4530 W Coral Circle | Nov 2025 | $554,900 | 3/2 | 1,579 | $351 |
| 2131 SE 10th Terrace | Sep 2025 | $375,000 | 3/2 | 1,623 | $231 |
| 240 SE 20th Place | Apr 2026 | $485,000 | 2/2 | 1,508 | $322 |
| 2216 SE 15th Terrace | Mar 2026 | $375,000 | 3/2 | 1,634 | $229 |
| 511 SE 18th Avenue | Apr 2026 | $395,000 | 3/2 | 1,421 | $278 |
| Average | 6 comps | $436,650 | $280 |
Market trends — Waterway Estates
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $19,999 (4%) from the original list price.
| Feb 2, 2026 | Sold | $480,000 |
| Jan 6, 2026 | Listed | $499,999 |
The good, the trade-offs & the location
- Private pool
- Gulf access (Indirect — bridges/locks)
- Storm protection: Shutters
- Built 1966 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
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.