Unique investment opportunity: Now offering seller financing. Seller will provide a 1 year balloon mortgage giving you time to remodel the home. Keep more of your cash in your pocket- No bank construction/remodel loan needed. Also a great candidate simply for the land for a new construction project. Undoubtedly the best price-per-foot waterfront reno option on the island. If you are in the market to renovate a Ft Myers Beach property and want very close beach proximity AND great boating, this home has you covered. It also offers significantly more square footage (2016 sq ft) than others in this price range, making it the obvious choice to fix up. Why go through the process on a small, modest structure when you can have a spacious and much more comfortable home in the end? FEMAs 50% renovation rule applies to this & all island renos. The local property appraiser established a building value of $498,183 indicating that you may be able to make up to $249,091 (50%) in renovations (Subject to Buyers verification). All the more reason this one makes for a great consideration to fix up! Compare to other recent island sales- this is certainly the one to buy!