Property Description:
This 3-bed, 2-bath, 1,362 sf CBS home built in 1971 sits on a 7,318 sf canal-front lot in Bonita Springs with direct access to the Imperial River. The property sustained hurricane damage and currently has an open code violation for unpermitted partial repairs. Structural cracking is visible along the seawall, and the interior requires full restoration. Once rebuilt and brought into FEMA and city compliance, the home has strong resale potential given nearby renovated canal homes selling in the high-$400s.
🛠️ Rehab Scope
Repair foundation and seawall cracking
Obtain restoration permits and bring structure into FEMA compliance
Replace drywall, insulation, flooring, and interior finishes
Rewire electrical and repipe plumbing (per code violation notice)
Inspect roof and HVAC — likely replacement needed
New kitchen, baths, doors, and coastal-rated windows
Exterior paint, landscaping, and dock/seawall cleanup
🔵 Comparable Sales
27660 Riverdale Ln – 2/1 | 1,000 sf | 1973 | $375,000 ($375/sf) – Renovated canal area
4366 Pine Lake Rd – 2/1 | 1,033 sf | 1959 | $465,700 ($451/sf) – Updated nearby CBS
3986 Bennett Ln – 3/3 | 1,716 sf | 1979 | $530,000 ($309/sf) – Turnkey canal-view property
Based on these comps, the ARV is estimated around $499,000, depending on restoration quality and FEMA compliance scope.