2/3 Acre, Dry Lot in Bokeelia on Pine Island, FL

BahamaWay3

SOLD!

We all know that just a few years back the “bubble” artificially inflated prices and it had local brokers valuing this property at $80,000. Well it might not get back to that price anytime soon but it sure could see $50,000. Prices have already moved up off the bottom about 20% but today, right now, this beautiful, corner estate in paradise is only $15,750.

This beautiful lot is in Bokeelia, FL which is on Pine Island just off the coast of Cape Coral and Ft. Myers. Pine Island is the largest island off the coast of Florida. It has an abundance of tropical fruit and palm tree farms, an 18-hole golf course, fishing pier as well as several marinas offering service to the outer islands. Visit the Pine Island Chamber of Commerce website to learn more.

pine_island_map

Now is the time to get in. Property values here bottomed in 2010 and have nowhere to go but up. Go to any mapping website and in the satellite view you can see some of the beautiful homes already in place. What potential! And so close to beautiful Cape Coral, Ft. Myers and the outlying barrier islands, including Little Bokeelia Island (see below).

For more information or to buy, please contact us via the Seller Information located at the top of the right hand column.

But more locally, it’s also just minutes away from the picturesque town of Bokeelia at the northern tip of the island where there are restaurants, marina’s, motels, shopping, etc. Pine Island has no traffic lights and only one major north/south road – Stringfellow. Life here is peaceful, uncomplicated and revolves a lot around nature.

The lot itself is officially listed by the assessor at .47 acres but it actually measures out to .66 acres or 28,600 sq. ft. This is what the assessor shows for the property on the opposite corner to the north across Pine Dr. (Neighbor 3) which is exactly the same size. But we won’t tell, however, truth be told, road and drainage easements along the north and west sides of the property and a 6′ utility easement along the east side of the property reduces the net area closer to half an acre but the full .66 acres will be all yours.

Bokeelia Island1

For more information or to buy, please contact us via the Seller Information located at the top of the right hand column.

And, as is the case with most vacant property in Florida, when you want to build the lot will need to be cleared and possibly filled but this lot is flat and high and dry. In either case though, your builder will take care of this for you. The two adjacent properties have obviously already been cleared and filled which will help because there is no overgrowth. Look at how nice these adjacent properties look.

Neighbor 1

Neighbor 1

Neighbor 2

Neighbor 2

 

 

 

 

 

 

Neighbor 3

Neighbor 3

And there’s good news regarding utilities too. Electricity is easily available at the street as you can see from the pictures. And Pine Island Water has a line in each road on both sides of the lot. This utility provides clean, fresh, inexpensive de-salinated water to the island. This water line also serves a fire hydrant just off the corner of the property across Bahama Way. Waste water will need to be treated with a septic system.

For more information or to buy, please contact us via the Seller Information located at the top of the right hand column.

But the good news doesn’t stop there. In March of this year the Lee County Commissioners voted in favor of an 80% reduction in new construction impact fees for two years. For the typical single family home this will amount to about a $10,000 savings.

We want to spur growth and get things going again – said Anthony Greco of the Cape Coral Construction Industry Association.

This effort to spur the local economy, along with low labor and material prices along with affordable land prices has created a sweet spot in the economy that’s never been seen before. And although mortgage rates have risen slightly, they are still historically cheap.

Bokeelia FourWinds Marina

Four Winds Marina in Bokeelia

So let’s take a step back and look at the bargain you have presented right here in front of you:

  • The price is really affordable.
  • The property is assessed at less than half an acre but you actually get much more.
  • Electricity and city water are both available and inexpensive too.
  • Lee County impact fees for new construction are temporarily reduced 80% saving you around $10,000 on a new house.
  • The lot is in such a beautiful, quiet area but still so close to the town of Bokeelia.
  • A corner lot provides you with two streets to access the property from.
  • The, “unknown future neighbor” question is answered and the good news is open space borders both sides of the property.
  • Your friends and family will be so jealous of your newfound island hideaway in paradise!

But if you’ve gotten this far and are still on the fence, maybe you’re in the market for something a little bigger. Say a 100 acre private island for $30 million. Then try this listing Little Bokeelia Island. It’s just a stones throw from our lot here just offshore from the town of Bokeelia.

Bokeelia Island

 

For more information or to buy,(our lot, not the island) please contact us via the Seller Information located at the top of the right hand column.

 

Listing Type: Vacant Land
Price: SOLD ! ! !
Closing costs:
Payment options/terms:
County: Lee
Address: 15258 Bahama Way
City: Bokeelia
State: FL
ZIP: 33922
Country: USA
APN#: 32-43-22-06-00000.1730
Legal Description:
Options:
Size: .66 Acres
Dimensions: 130' x 220'
Roads: Crushed Limestone
Utilities: Electric, Water
Taxes and Dues: $121.77
Terrain: Flat, Dry, Uncleared
Zoning Info: RS-1 Residential

Additional Features:

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Lee County Assessor

Lee County Assessor

 

View N on Bahama Way

View N on Bahama Way