$599,000
3 Bed Waterfront Home for Sale in Ostego Bay Ii
181 Lenell Road 1C, Fort Myers Beach, FL, 33931
About this home
Escape to your prestigious freshwater-preserve waterfront penthouse villa in Ostego Bay II. This sophisticated top-floor residence, offering just under 1,800 sq. ft. of beautifully upgraded living space, features 3 bedrooms and 2 baths crafted for comfort and elegance. Vaulted ceilings and expansive windows fill the home with natural light while framing serene freshwater and preserve views that define the property’s tranquil setting. The thoughtfully designed layout includes an extended third bedroom and an inviting owner’s suite appointed with dual closets, a walk-in shower, soaking tub, and dual vanities. Granite countertops and tastefully updated finishes throughout enhance the home’s refined coastal appeal. A 4-car tandem garage provides abundant space for vehicles, storage, and recreational gear. The ground level also features a screened lanai—an ideal place to unwind and enjoy the surrounding natural beauty. Perfectly situated just minutes from the beach, Fish Tale Marina, and Santini Plaza, this highly desirable community offers a geo-heated pool and spa. Boating enthusiasts may also purchase or lease docks through the Ostego Yacht Club. Experience the best of penthouse-villa living with serene preserve views, elevated finishes, and unmatched convenience—schedule your private tour today.
Property details
- Type
- Condominium
- Year built
- 2002
- Interior
- 1,781 sqft
- Lot size
- 6,189.876 sqft
- Acreage
- 0.14 acres
- Garage
- 2 car
- Days on market
- 0
- Total association fees
- $17,600/yr (~$1,467/mo)
- CDD
- None
- Est. taxes (1.4%)
- $8,386/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 4 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 |
| 281 Lenell Road 1 (7-A) | May 2026 | $545,000 | 3/2 | 1,623 | $336 |
| 4198 Bay Beach Lane 133 | Feb 2026 | $610,000 | 3/2 | 1,639 | $372 |
| 4182 Bay Beach Lane 746 | Dec 2025 | $675,000 | 3/2 | 1,848 | $365 |
| Average | 4 comps | $595,000 | $348 |
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 $24,000 (4%) from the original list price.
| Jan 29, 2026 | Sold | $575,000 |
| Jan 2, 2026 | Listed | $599,000 |
The good, the trade-offs & the location
- Built 2002 — post-2002 Florida wind codes (typically lower insurance)
- Waterfront
- 2-car garage
- In a higher-risk flood zone (AE) — flood insurance likely required
- Higher association fees (~$17,600/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.