$589,900
3 Bed Waterfront Home for Sale in Ostego Bay Ii
281 Lenell Road 1 (7-A), Fort Myers Beach, FL, 33931
About this home
Experience the best of waterfront living in this prestigious, exceptionally spacious elevated villa in Ostego Bay II. With over 1600 sq. ft., this is one of the largest condos on the beach—offering the privacy of a single-family home with the ease of condo living. This unique 3-bedroom, 2-bath residence features a bright, open main living area also accessible by private elevator. The airy living space opens to a spacious screened lanai, while the owner’s suite also enjoys tranquil water and preserve views with stunning sunset vistas. The luxurious en-suite primary bath includes dual sinks and vanities, a soaking tub, separate shower and linen closet. The living area above the foyer has been thoughtfully extended to create a dedicated home office. Two air-conditioned storage closets off the foyer provide exceptional extra space. One guest bedroom offers its own private balcony, perfect for morning coffee or quiet relaxation. Features include a new A/C (2024), newer refrigerator, tile flooring, and elegant plantation shutters. Car lovers, take note: this home boasts a very rare 6-car garage with direct access to the first-floor foyer, plus a second lanai—an incredible and hard-to-find feature that adds substantial value. Ostego Bay II offers a geo-thermal heated pool and spa, with boat docks available for purchase or lease nearby. Ideally located just minutes from the beach, Marina Plaza, shopping, and dining. Spacious. Private. Luxurious. This exceptional waterfront home truly has it all.
Property details
- Type
- Attached
- Year built
- 1996
- Interior
- 1,623 sqft
- Lot size
- 6,189.876 sqft
- Acreage
- 0.14 acres
- Garage
- 6 car
- Days on market
- 349
- Total association fees
- $17,440/yr (~$1,453/mo)
- CDD
- None
- Est. taxes (1.4%)
- $8,259/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 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 |
|---|---|---|---|---|---|
| 170 Lenell Road 501 | Feb 2026 | $550,000 | 3/2 | 1,717 | $320 |
| 181 Lenell Road 1C | Jan 2026 | $575,000 | 3/2 | 1,781 | $323 |
| 4198 Bay Beach Lane 133 | Feb 2026 | $610,000 | 3/2 | 1,639 | $372 |
| Average | 3 comps | $578,333 | $338 |
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.
Price & status history
Down $151,000 (21.7%) from the original list price.
| May 8, 2026 | Sold | $545,000 |
| Jan 30, 2026 | Price reducedfrom $629,000 | $589,900 |
| Apr 25, 2025 | Listed | $696,000 |
The good, the trade-offs & the location
- Waterfront
- 6-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.