84 Cardinal Drive, North Fort Myers, FL 33917
- $406,000
- 5
- BD
- 4
- BA
- 3,548
- SqFt
- Sold Price
- $406,000
- List Price
- $475,000
- Status
- CLOSED
- MLS#
- 2025007686
- Closing Date
- Oct 24, 2025
- Bedrooms
- 5
- Bathrooms
- 4
- Living Area
- 3,548
- Development
- Holeusa Estates
- Subdivision
- Holeusa Estates
Property Description
PRICE DROP TO SELL NOW!! RARE INVESTMENT OPPORTUNITY | DOUBLE LOT/LAND/HOME Welcome to "The Brilliant Pearl Luxe" Please refer to the airbnb listing (google The Brilliant Pearl Luxe) page for historical reference/photos of the condition of the home pre-Helene. This home is currently gutted on the 1st floor to the studs/block 4' High. The 2nd floor still fully renovated. After hurricane Helene, the property received a "Substantial Damage Letter" from the county(attached), preventing the home to be repaired to code compliance as its sits on its current elevation(see attachment). In addition, the property is an SRL(Severe Repetitive Loss) by FEMA until its either elevated, rebuilt from the 2nd floor up, or demolished & a new home on some form of stilts would be built. The flood insurance is an NFIP policy. The home has been well maintained throughout & remediated of any potential mold. The DOUBLE lot is fully renovated & has over $200k in exterior upgrades from the exotic landscaping, landscape lighting front & back, new boat dock, new boat lift, 150' seawall, new 30' outdoor kitchen with fireplace & paradise grill appliances, new 20x10 automated pergola, new pool, RV parking on an additional oversized driveway w/ electrical & water hookups, lifeguard clubhouse w/shed, new pavers front & back & a new fence around the perimeter of the home. All of this is well maintained weekly. The home itself has beautiful new bahama shutters on every window, 2 newer AC's, all new hurricane impact windows and sliders plus automated shades for the oversized canal facing slider windows. All of this can be salvaged if decided to be elevated or rebuilt. The lot was just recently appraised for the land value alone & that is available upon request. The lot has 150' of canal waterfront and the lot is a quick turn to the Caloosahatchee River near the river district and making for easy and fast gulf access. This home was a luxury airbnb with a track record of producing $600-$1000/per night. We can provide then financial worksheet for airbnb if requested. This is an opportunity listed at a price to sell fast as they want to close on this as soon as possible to clear the mortgage. The home was completely renovated after Ian & had a valuation of $1.3m+ at the time it was finished. If someone were to buy this home and simply repair it, understand the county will not permit you and you would be doing so at your own risk. Either way this is a very favorable opportunity for a lucky buyer who will be getting a fully renovated & updated double lot w/ all the amenities described, allowing for a tremendous head start to someone wanting to elevate the home or rebuild a new home on the lot. Please have agent share the documents regarding code compliance, SRL determination, & the substantial damage letter for your review. Request interior photos for current condition. We can answer any questions so please schedule a showing today and feel free to call me. All offers will be considered.
Additional Information
- Taxes
- $6,827
- Building Design
- Single Family
- Year Built
- 1959
- Community Type
- Non-Gated
- Construction
- Block, Other, Concrete, Wood Frame
- Living Area
- 3,548
- Acres
- 0.37
- Interior Features
- Breakfast Bar, Separate/Formal Dining Room, Eat-in Kitchen, Living/Dining Room, Main Level Primary, None, Bar, Window Treatments, Split Bedrooms
- Amenities
- Bike Storage, Other, Playground, Pool, See Remarks, Storage
- Cooling
- Central Air, Electric
- Heating
- Central, Electric
- Flooring
- Laminate, Tile, Vinyl
- Garage Spaces
- 1
- Exterior Features
- Courtyard, Fence, Sprinkler/Irrigation, Outdoor Grill, Outdoor Kitchen, Other, Patio, Storage, Awning(s)
- View
- Canal, Pool, River, Water
- Gulf Access
- Yes
- Gulf Access Type
- Other
- Waterfront
- Yes
- Waterfront Description
- Canal Access, Seawall
- Sewer
- Assessment Paid, Public Sewer
- Pool Description
- Electric Heat, Heated, In Ground, Salt Water
- Stories
- 2
- Pets
- Yes
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Listing courtesy of Folio Realty LLC. Selling Office: .