1845 Marina Circle, WATERWAY ESTATESNorth Fort Myers, FL 33903Price: $315,000

Rare direct Gulf access opportunity on an oversized ½ acre lot with 100 feet of waterfront and boat ride down the Caloosahatchee to the open Gulf. This is suitable for a builder, investor, or end user. The existing 4-bedroom, 3.5-bath, 2,871 sq ft concrete-block ranch (plus den) has been professionally gutted to the studs following Hurricane Ian, removing all drywall, insulation, flooring, cabinets, fixtures, etc. This creates a unique chance to renovate to current codes, elevate, or build new in a neighborhood where properties rarely become available. Rebuild vs. Teardown - you pick the path: Renovating requires rebuilding to current code, including raising the elevation, if you restore the existing structure. Given the strong bones (block walls, existing utilities, recent impact openings), many investors will see a full renovation as the most capital-efficient path. Others will prefer to maximize square footage and modern design by clearing the lot for new construction - land value alone justifies the purchase in this market. Surrounded by established homes and offering unmatched boating convenience, this property is perfect for investors, builders, or buyers seeking a waterfront lifestyle with long-term upside. Do Not Walk Property without permission. All property tours must be accompanied by owner.