423 Lazy WAY, Fort Myers Beach, FL, 33931 | $1,699,000

Are you craving a coastal haven where Shore, Sand, Shell, and Sea come to life? Then discover 423 Lazy Way, where each of its four unique units proudly bears one of these seaside names! Tucked into the WEEKLY VACATION RENTAL ZONE, this treasure offers SIX BEDROOMS and SIX FULL BATHS. Breathe in the Gulf breeze—and the sweet scent of profit—with this remarkable TURNKEY gem, perfect for savvy investors chasing a solid ROI or beach enthusiasts yearning for a coastal escape that pays for itself - and then some - whenever they’re not soaking up the sun. Upstairs, each of the two spacious 2-bedroom, 2-bath units showcases open-concept layouts, quartz countertops, and a spa-inspired Shower Panel Tower System. Enjoy relaxing in the covered private balconies overlooking the canal across the street. Enjoy the canal view as you whip up a mouthwatering seafood feast—whether it’s a fresh catch reeled in on your own tackle or sourced from one of our local wild-caught fresh fish markets—savor every bite of coastal goodness! On the ground floor, two 1-bedroom, 1-bath retreats feature granite countertops and screened porches for added privacy, perfect for winding down after sun-soaked adventures. Nestled in a quiet, friendly neighborhood balancing year-round residents with weekly vacation rentals, 423 Lazy Way also delights with regular sightings of dolphins and manatees! Rest easy under a newer roof (installed 10/23), with new water heaters and mini-splits quietly comforting the lower units. A shared laundry area, private parking, high-speed internet, and smart TVs add additional comforts. Enjoy your own Shore, Sand, Shell, and Sea—and let your barefoot beach dreams – AND ROBUST RETURNS - truly thrive at 423 Lazy Way!

Features

  • Amenities: Beach Access, Non-Gated
  • Bedrooms: 6
  • Baths: 6 full
  • Units: 4
  • Lot Size: 80 x 80 x 75 x 75
  • Laundry: Common Area
  • Style: See Remarks
  • Year Built: 1974
  • Heating: Central Electric
  • Cooling: Ceiling Fan(s), Central Electric
  • Basement: Ceiling Fan(s), Central Electric
  • Acreage: 0.14
  • Lot Size: 80 x 80 x 75 x 75
  • Est. Taxes: $4,666
  • Lot Desc: Across From Waterfront, Regular
  • Pets Allowed: Yes
  • Pet Policy: No Approval Needed
  • MLS#: 225005291
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/225005291/423lazyway_fortmyersbeach_fl?source=qrflyer
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The data relating to real estate for sale displayed on this Website comes in part from the Multiple Listing Service of the Bonita Springs-Estero Association of REALTORS®, Inc., under License No. BK3330055FL. Properties displayed on this Website include properties listed with brokerage firms other than William Raveis Real Estate. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service, or contained in the database compilation of the Bonita Springs-Estero Association of REALTORS™ Multiple Listing Service.
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888.699.8876

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

423 Lazy WAY, Fort Myers Beach, FL, 33931

$1,699,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,359,200 $1,359,200 $1,359,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.750% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.239% 6.849% 7.037%
Monthly Tax Payment $389 $389 $389
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,157 $8,816 $12,122
Total Monthly Payment $9,671 $9,330 $12,636

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.