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.