$699,999
3 Bed Waterfront Home for Sale in Ostego Bay Ii
271 Lenell Road 4, Fort Myers Beach, FL, 33931
About this home
Beach living at Ostego Bay on Fort Myers Beach, just moments from Santini Marina Plaza, dining, shopping and the white-sand beaches. This spacious 1,973 sq ft residence offers a bright, open feel with a wall of sliding glass doors that fills the living space with natural light and captures the coastal breeze. The flexible den/family room adds valuable bonus space for an office, guests or everyday living. Inside you’ll find porcelain tile, plantation shutters, beautiful cabinetry and stainless appliances, while the primary suite features dual vanities, a separate tub and shower, and two closets. Downstairs is a rare find with a 4-car garage, workshop, air-conditioned bonus space and screened patio. Storm shutters, community pool and elevator access complete the package. Even more exciting, a fresh new coastal exterior color palette is proposed for the building, bringing an updated, beautiful new look to the community. A unique Fort Myers Beach property with exceptional space, storage and an unbeatable location.
Property details
- Type
- Condominium
- Year built
- 1996
- Interior
- 1,973 sqft
- Lot size
- 6,233.436 sqft
- Acreage
- 0.14 acres
- Garage
- 4 car
- Days on market
- 0
- Total association fees
- $17,440/yr (~$1,453/mo)
- CDD
- None
- Est. taxes (1.4%)
- $9,800/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- North
- 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 |
|---|---|---|---|---|---|
| 181 Lenell Road 1C | Jan 2026 | $575,000 | 3/2 | 1,781 | $323 |
| 22604 Island Pines Way 2202 | Jan 2026 | $785,000 | 3/3 | 2,040 | $385 |
| 7850 Buccaneer Drive | May 2026 | $669,000 | 2/2 | 1,822 | $367 |
| 8080 Lagoon Road | Sep 2025 | $680,000 | 3/3 | 1,920 | $354 |
| 4182 Bay Beach Lane 746 | Dec 2025 | $675,000 | 3/2 | 1,848 | $365 |
| Average | 5 comps | $676,800 | $359 |
Market trends, Fort Myers Beach
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
- 4-car garage
- Built 1996 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
- Higher association fees (~$17,440/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.