Sold for $660,000

$660,000

13401/407 Pine Needle Ln, Fort Myers, FL 33908

8beds

736sqft

MultiFamily

Built in 1980

-- sqft lot

$581,500 Zestimate^®

$897/sqft

$1,139 Estimated rent

Home value

$581,500

$477,000 - $709,000

$1,139/mo

Zestimate^® history

Owner options

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$1,139/mo

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$1,139/mo

Rent Zestimate^®

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$4,322/mo

Est. payment

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$4,322/mo

Est. payment

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What's special

This seller has two quads for sale in a highly desirable rental area serving Sanibel Island and the beaches. All very well maintained with good rental history and books. Attached proforma shows actual expenses with what current buyers property taxes will be. Rents are below market as some tenants have been in place over five years. - so rents are below market (One in place ten years) Some units totally renovated some in original condition - but all in great shape and regular maintenance records are available during due diligence. This is a solid investment with easy to verify numbers. In my opinion the rents are $150 to $200 below market for each unit, but the proforma are actual rents and still look good. Please do not disturb tenants. There are no vacancies and rarely are, we will show the units only with a contract with proof of ability to perform.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

Forced air, Electric

Cooling

Central

Features

Flooring: Tile
Windows: Other

Interior area

Total interior livable area: 736 sqft

Property

Features

Exterior features: Stucco, Cement / Concrete
Frontage length: 140

Lot

Size: 0.34 Acres
Features: Corner Lot

Details

Parcel number: 02462304000000010

Construction

Type & style

Home type: MultiFamily
Architectural style: Ranch

Materials

masonry
Roof: Other

Condition

Year built: 1980

Utilities & green energy

Sewer: Central

Community & HOA

HOA

Amenities included: See Remarks

Location

Region: Fort Myers

Financial & listing details

Price per square foot: $897/sqft
Tax assessed value: $343,190
Annual tax amount: $5,990

Price history

Date	Event	Price
9/12/2025	Sold	$660,000+52.8%$897/sqft
Source: Public Record Report a problem
1/5/2023	Sold	$432,000-1.8%$587/sqft
Source: Public Record Report a problem
3/15/2019	Sold	$440,000-7.4%$598/sqft
Source: Florida Gulf Coast MLS #219001601 Report a problem
2/23/2019	Pending sale	$475,000$645/sqft
Source: Market America Realty Network #219001601 Report a problem
1/6/2019	Listed for sale	$475,000+1929.9%$645/sqft
Source: Market America Realty Network #219001601 Report a problem
11/16/2010	Sold	$23,400-89.6%$32/sqft
Source: Public Record Report a problem
5/6/2003	Sold	$226,000+37%$307/sqft
Source: Public Record Report a problem
1/25/2000	Sold	$165,000+11.9%$224/sqft
Source: Public Record Report a problem
6/1/1993	Sold	$147,400$200/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,990 -30.5%	$343,190 -37.6%
2024	$8,616 +1.7%	$550,283 +2.5%
2023	$8,469 +16.3%	$536,860 +28.4%
2022	$7,282 +15.9%	$418,188 +10%
2021	$6,284 +7.4%	$380,171 +10%
2020	$5,849 +20.2%	$345,610 -0.9%
2019	$4,865	$348,841 +12.8%
2018	$4,865	$309,256