$437,500
3 Bed Waterfront Home for Sale in Morse Shores
5211 Lake Caloosa Drive, Fort Myers, FL, 33905
About this home
**SELLER LOWERED THE PRICE FOR QUICK SALE CASH** This impeccably situated property presents an exceptional canvas for renovation or investment opportunities. Nestled along the serene shores of the inter-coastal Caloosahatchee River, it boasts unparalleled access to the Gulf of Mexico, making it ideal for boating enthusiasts. Commanding unimpeded vistas of the sunset, it showcases all the natural charm and beauty that Florida has to offer. This property was damaged in Hurricane Ian, with some damages being removed. Windows do not need upgrading, as the property includes impact windows. Seller financing options are open for consideration. Buyer encouraged to have inspections and no warranties apply. Rehab permit has been issued and will be transferred to buyer prior to closing.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1984
- Interior
- 1,691 sqft
- Lot size
- 14,200.56 sqft
- Acreage
- 0.33 acres
- Garage
- 2 car
- Days on market
- 182
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $6,125/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Shutters
- Exposure
- Northwest
- 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
- Yes
- County
- Lee
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 |
|---|---|---|---|---|---|
| 349 Coral Drive | Feb 2026 | $340,000 | 2/2 | 1,507 | $226 |
| 4867 E Riverside Drive | May 2026 | $470,000 | 3/2 | 1,581 | $297 |
| 177 Alameda Avenue | Dec 2025 | $515,000 | 3/2 | 1,750 | $294 |
| Average | 3 comps | $441,667 | $272 |
Market trends, 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 $61,500 (12.3%) from the original list price.
| Jul 24, 2026 | Price reducedfrom $419,000 | $437,500 |
| Jan 23, 2026 | Listed | $499,000 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Waterfront
- Storm protection: Shutters
- 2-car garage
- Built 1984 — pre-2002 construction may carry older wind codes and higher insurance
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.