5438/5440 Fourth Avenue, Fort Myers, FL 33907

$245,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12077958

Property Type: Land & Docks Lot Size (sq. ft.): 5,999 Status: Active

Current Price: $245,000 List Date: 8/26/2026 Last Modified: 10/31/2026

Overview

Description

Rare Fort Myers Investment & Development Opportunity! Two adjacent residential properties are being offered together (5442 Fourth Ave), creating an excellent opportunity for an investor, developer, or owner-user. The property includes a vacant, undeveloped duplex lot that is easy to clear, plus an adjacent single-family property featuring a livable 3-bedroom, 1-bath home.The single-family residence has been updated with a new roof, impact windows, and fresh interior/exterior paint. The home needs some additional work but is otherwise livable and offers immediate potential. A large 15' x 20' storage shed is located in the rear yard, providing substantial additional storage space.The adjacent duplex lot is currently undeveloped, offering a clean slate for future development. Potential exists to combine the two lots into one parcel and pursue rezoning to allow for a multifamily development, subject to City/County approval and applicable zoning and land-use requirements. Total combined acr ... (Read more)

Listing Details MLS# A12077958

General Property Information

Property Sub Type: Unimproved Land
Number Of Lots: 2
Lot Size Acres: 0.28
Lot Size Square Feet: 5999
Lot Size Dimensions: .28
Additional Parcels YN: Yes
Direction Faces: East
LP/SqFt: 40.84

Property Features

Current Use: Residential; Unimproved; Vacant Development Status: Raw Land Fencing: Fenced Other Structures: None Possession: Close Of Escrow Trees: Other Listing Terms: Cash; Conventional Lot Features: Sidewalks Showing Requirements: No Appointment

Contract Information

Comp Sale YN: No
Original List Price: 250000
LP/Acre: 875000

Location and Legal

Country: United States
County Or Parish: Lee
County Parish Name: Lee
Street Number: 5438/5440
Street Name: Fourth
Street Suffix: Avenue
City Name: Fort Myers
State Or Province: FL
Postal Code: 33907
Postal Zip: 33907
Subdivision Name: Pine Manor
Area: 5940 - Other Florida County
Geographic Area: Other
Parcel Number: 11452403000130070
Zoning: Duplex

Financial Information

Tax Year: 2025
Tax Annual Amount: 197
Tax Legal Description: PINE MANOR UNIT 3 BLK 13 PB 10 PG 93 LOT 7

Status Change Information

Major Change Timestamp: 2026-09-13T00:05:52Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-09-13T00:05:52Z
Status Change Date: 2026-08-26

More Information

Price Calculations

Current Price To SqFt: 20.08

Section Details

Parcel Number MLX: Yes

Originating Details

Originating System Key: 560072959
Originating System ID: M00000151

Listing Office: Red Rock Realty

Last Updated: October - 31 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

5438/5440 Fourth Avenue, Fort Myers, FL 33907 (MLS# A12077958)