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Rare Waterfront Value Opportunity | Prime Canal Location | Assumable VA Loan at 4.25%
A truly rare opportunity to own a prime waterfront lot on a wide canal, complete with direct boating access just minutes from Marina Town and the Caloosahatchee River—perfect for boating, fishing, and waterfront cruising.
The existing structure sustained significant damage during Hurricane Ian and is uninhabitable, presenting an exceptional opportunity for a savvy buyer, investor, or builder to reimagine the property from the ground up. The lot and location are the true gems, offering the ideal setting to rebuild or elevate a new coastal-style residence with a two-car garage below and expansive living space above, designed to capture beautiful water views and refreshing Gulf breezes. Just a few minutes boat ride to the River with Gulf Access. A short walk or boat ride to Marina Town with 3-4 waterfront restaurants and professional offices.
Adding to the appeal, the property offers a rare assumable VA loan at an attractive 4.25% interest rate, subject to lender approval. Purchaser must qualify for VA loan assumption and meet all lender requirements.
Conveniently located near schools, churches, shopping, and a variety of dining options—including waterfront restaurants accessible by boat—this location blends everyday convenience with an exceptional waterfront lifestyle.
Offered “As Is”, this is a standout opportunity to secure waterfront property in a high-demand area with favorable financing in place. Bring your vision, your builder, and your boating lifestyle—opportunities like this are increasingly rare.
“Assumable VA loan at 4.25% available to qualified VA buyer; lender approval required.”
“Existing structure uninhabitable due to storm damage.”
“Value is in land and location.”
Property Details
Price: $210,000
Sq Ft: 1,000
($210 per
sqft)
Bedrooms: 2
Bathrooms: 1
City: North Fort Myers
County: Lee
Type: Single Family
Development: Cleaves Corner Unrec Plat
Acres: 0.0947
Virtual Tour/Floorplan:
View
Year Built: 1957
Listing Number: 2026007403
Status Code: A-Active
Taxes: $957.15
Tax Year: 2025
Application Fee: $0.00
Garage:
Furnishings: Unfurnished
Pets Allowed: Yes
Total Recurring Fee Frequency: 0.00
Interior Features:
Other
Amenities:
See Remarks
Financial Information:
Taxes: $957.15
Tax Year: 2025
Exterior Features:
Storage
Equipment:
None
View:
Y
Waterfront Description:
Canal Front
Navigable
Seawall
Additional Information:
Building Description: Ranch, Single Family
Community Type: Boating, No Subdivision
MLS Area: Cleaves Corner Unrec Plat
Total Square Footage: 1,000
Total Floors: 1
Water: Central
Construction: Concrete Block, Stucco
Short Sale: Yes
Date Listed: 2026-02-11 00:00:00
Furnished: Unfurnished
Windows: Thermal
Parking: Attached Carport
Flooring: Tile, Vinyl
Roof: Rolled/ Hot Mop
Heating: Central Electric
Cooling: Central Electric
Storm Protection: Impact Resistant Doors, Impact Resistant Windows
Laundry: Washer/ Dryer Hookup
Irrigation: None
Pets: Yes
Restrictions: None
Maintenance: Street Lights, Trash Removal
Rear Exposure: S
Lot Desc.: Across From Waterfront, Dead End
Amenities: See Remarks
Map of 8140 Cleaves Rd, North Fort Myers, FL 33903
Listing Courtesy Of: Keller Williams Realty Fort Myers And The Islands
johnny@johnnyjoyce.com