SW Florida September 2011 State of the Real Estate Market ReportTown & River is a waterfront community tucked away on the river side of McGregor Blvd on the Fort Myers side of the river. The community features deep water gulf access lots as well as a fresh water lake offering some nice lakefront views. Not every home is waterfront, but all enjoy the peace and serenity of South Fort Myers living off historic McGregor Blvd and all the conveniences to everything that comes with it. Spotlight on Town and River.
McGregor Blvd was the original center of town and housing in Fort Myers used to be defined by which side of the street you lived. While growth has certainly moved eastward, the charm and beauty of McGregor Blvd remain a fixture alongside Thomas Edison’s vision for McGregor Blvd showcasing why Fort Myers is named The City of Palms. It was Thomas Edison after all who was responsible for lining McGregor Blvd with the majestic palms we see today and defines our place in SW Florida history as people from all over come to visit our beaches and gaze at McGregor Blvd and the seemingly endless flow of palm trees as you drive down McGregor.
Town & River features some amazing homes. The highest priced home we could find in MLS in 2011 sold for $1.359 Million. It was a 4 bedroom 3 bath home with 3,241 sq ft of living area and had a nice view of Deep lagoon canal. We found another home at the end of Cypress Lake Cir that sold for $1.31 Million which is a riverfront view home and features 4,430 Sq Ft of living area and 5 bedrooms along with 5 baths and 2 half baths, also shown above.
The home pictured above is a canal front home just seconds to the river and has 3,921 sq ft of living area. This home sold in 2011 for $1.275 Million.
On the other end of the spectrum we just closed a home for $260,000. The home is lakefront and featured 4 bedrooms, 2 ½ baths and a pool with a metal roof.
Currently homes are priced from $171,000 to $1.695 Million. We found 21 homes actively on the market and 2 pending sales. So far in 2011 our MLS shows 29 sales from $100,000 to the $1.359 Million sale we reported earlier.
The lowest priced home in Town & River listed for $171,000 is a 3 bedroom 2 bath home built in 1978 and features a pool, corner lot, and is also located on the lake.
Watch our September 2011 SW Florida Real Estate Market Report Video
SW Florida September 2011 State of the Real Estate Market Report