$399,900
3 Bed Waterfront Home for Sale in East Lake Colony
17041 E Lake Drive, North Fort Myers, FL, 33917
About this home
Enjoy stunning sunset views from this unique waterfront property with desirable southwest exposure and canal frontage on two sides. Situated on over half an acre with AG-2 zoning and no HOA, this property offers flexibility, privacy, and room to grow. Bring your small boat or kayak and launch right from your own private concrete boat ramp. The open floor plan features new plank tile flooring throughout and a freshly painted interior, creating a clean, modern feel. There is an inside laundry room off of the carport. Major updates include a metal roof (2020) and a newer A/C system equipped with a germicidal ultraviolet light for enhanced air quality. An oversized concrete driveway provides ample parking for vehicles, trailers, or recreational toys. The expansive backyard is ideal for entertaining, with plenty of space to add a garage, workshop, or additional outdoor features. Property is being sold furnished for added convenience. Large oak tree and some fruit trees. The property to the west is land owned by Lee County, offering an added sense of privacy. Conveniently located near Babcock Ranch, with easy access to Interstate 75 and surrounding growth and development.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1964
- Interior
- 1,651 sqft
- Lot size
- 22,956.12 sqft
- Acreage
- 0.53 acres
- Garage
- None
- Days on market
- 91
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $5,599/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- Southwest
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Septic Tank
- 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 16 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 |
|---|---|---|---|---|---|
| 17040 E Lake Drive | Apr 2026 | $350,000 | 4/2 | 1,711 | $205 |
| 17371 Williamsburg Drive | Mar 2026 | $350,000 | 3/2 | 1,645 | $213 |
| 17740 Sabal Palm Drive | Apr 2026 | $365,000 | 3/2 | 1,816 | $201 |
| 17150 Laurelin Court | Aug 2026 | $305,000 | 3/2 | 1,841 | $166 |
| 17855 Chesterfield Road | May 2026 | $365,000 | 3/2 | 1,587 | $230 |
| 8864 Cascade Price Circle | Feb 2026 | $315,000 | 3/2 | 1,747 | $180 |
| Average | 6 comps | $341,667 | $199 |
Market trends, North 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 $50,000 (11.1%) from the original list price.
| Jul 20, 2026 | Price reducedfrom $434,900 | $399,900 |
| Apr 20, 2026 | Listed | $449,900 |
The good, the trade-offs & the location
- Waterfront
- Built 1964 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
- No garage listed
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.