Price Check
How this price compares
- List price
- $245,000
- Price per sq ft
- N/A
- Original price
- $250,000
- Days on market
- 28
This lot in Pine Manor is listed at $245,000. The asking price has come down 2% from its original $250,000. It has been on the market for 28 days.
Estimated monthly payment
$1,288 /mo
Principal and interest only, based on $49,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $245,000
- Days on Site
- 28 Days
- Bedrooms
- 0
- Total Baths
- 0
- Lot Size
- 0.28 Acres
- Property Type
- Land
- MLS #
- A12077958
- Property Tax
- $197 (2025)
- Subdivision
- Pine Manor
- County
- Lee
- Status
- Active
About This Property
Rare Fort Myers Investment & Development Opportunity! Two adjacent residential properties are being offered together (5442 Fourth Ave), creating an excellent opportunity for an investor, developer, or owner-user. The property includes a vacant, undeveloped duplex lot that is easy to clear, plus an adjacent single-family property featuring a livable 3-bedroom, 1-bath home.The single-family residence has been updated with a new roof, impact windows, and fresh interior/exterior paint. The home needs some additional work but is otherwise livable and offers immediate potential. A large 15' x 20' storage shed is located in the rear yard, providing substantial additional storage space.The adjacent duplex lot is currently undeveloped, offering a clean slate for future development. Potential exists to combine the two lots into one parcel and pursue rezoning to allow for a multifamily development, subject to City/County approval and applicable zoning and land-use requirements. Total combined acreage over 12,000 sqft. Conveniently located near Downtown Fort Myers, shopping, dining, major roads, and other amenities, this property offers both current residential use and significant future development potential. An excellent opportunity to acquire two adjoining properties with multiple possibilities for redevelopment, investment, or an owner-user strategy.
MLS media linkGeneral Features
- Property Type
- Land
- Status
- Active
- Direction Faces
- East
- Lot Size (Acres)
- 0.28
- Zoning
- Duplex
Community & HOA
- Community Features
- Sidewalks
- Financing Terms
- Cash / Conventional
- MLS Area
- 5940 - Other Florida County
About the Community
- Homes for Sale
- 2
- Under Contract
- 0
- Median List Price
- $250,000
- Median $/Sq Ft
- $238
- Avg Days on Market
- 40
Frequently Asked Questions
- How do I schedule a tour of 5438/5440 Fourth Avenue, Fort Myers, FL 33907?
- Use the Tour button on this listing to request a showing of 5438/5440 Fourth Avenue, Fort Myers, FL 33907. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 5438/5440 Fourth Avenue, Fort Myers, FL 33907 still available?
- 5438/5440 Fourth Avenue, Fort Myers, FL 33907 is currently listed as Active, and has been on the market 28 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 5438/5440 Fourth Avenue, Fort Myers, FL 33907?
- With 20% down ($49,000) on the $245,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5438/5440 Fourth Avenue, Fort Myers, FL 33907 is about $1,288/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 5438/5440 Fourth Avenue, Fort Myers, FL 33907?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5438/5440 Fourth Avenue, Fort Myers, FL 33907. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 5438/5440 Fourth Avenue, Fort Myers, FL 33907?
- Often, yes. The right offer on 5438/5440 Fourth Avenue, Fort Myers, FL 33907 depends on how it's priced against comparable land sales in Fort Myers, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Red Rock Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated August 30, 2026.
$245,000
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Listed by Juan Carlos Vargas, Red Rock Realty
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