2797 1st St, 601
FORT MYERS, FL
3 Bed, 3 Bath, 1906 Sqft
Many of the Fort Myers high-rise projects arrived on the scene just as the real estate bubble was bursting in Southwest Florida. This timing issue, coupled with a heavy participation by investors rather than end-users, has caused a fair number to become distressed assets.
The majority of the Fort Myers high-rise development occurred in the downtown area along the Caloosahatchee River. This area has been re-named the Fort Myers River District with the hope of creating an urban oasis in Southwest Florida. Unfortunately, many of these high-rise condos remain empty and are going through the foreclosure process. At the present time, savvy buyers can enter the Fort Myers high-rise scene at a significant discount to the original prices that these condos were delivered for.
Both short sale and foreclosures are currently available in the inventory of Fort Myers high-rises. We have worked with buyers in both of these asset categories and have experienced much higher closing success ratios with foreclosure listings.
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.
Listing information last updated on July 21st, 2019 at 9:15am EDT.