Punta Rassa Condos for sale Fort Myers real estate San Carlos Bay front
Punta Rassa is a condominium development in South Fort Myers, located on San Carlos Bay at the foot of the Sanibel Causeway. These 2 BR condos have spectacular views of San Carlos Bay and Sanibel Island. They are a little over 1100 sq ft in size and have from 4 to 9 to 12 floors per building and were built in 1980 - 1984. If you see larger LA sizes, they probably include the glassed in, and air conditioned lanai. There is on-site association management, HOA fees differ by building. I added Punta Rassa to my best buys in real estate because of their location on San Carlos Bay, close proximity to Sanibel Island and their current prices. Punta Rassa prices are rising at an impressive rate. I have shown this place many times to potential SWFL buyers who let the deals pass. If you want to buy at Punta Rassa, now is the time. Condos sell for about 7% of the last list price.
In 2006/2007, we sold 5 condos at Punta Rassa from $445,000 to $540,000, or an average sales price of $491,000. The years when the market peaked.
In 2012, we sold 15 condos at Punta Rassa from $165,000 to $320,000, or an average sales price of $259,000. 2012 was the year the market picked up significantly in SWFL, after the recession,
In 2016, we sold 10 condos at Punta Rassa from $299,000 to $411,000, or an average sales price of $384,200.
In 2017, we sold 13 condos by Dec 5, ranging from $295,000-$455,000, or an average sales price of $371,154.
In Aril 2018 we list 5 condos for sale at Punta Rassa with prices from $439,500 to $499,999.
Building 1 is located at the bottom right of the picture. It was built in 1980, has 4 floors and 8 units per floor. Going clockwise from building 1 (15010 Punta Rassa), building 3 (15011 Punta Rassa) is next with 9 floors and 6 units per floor, built in 1982. Building 2 (15021 Punta Rassa) is located next to building 3 and has 9 floors with 4 units per floor and was built in 1981. The last building is building 4 (15031 Punta Rassa) with 12 floors and 6 units per floor, built in 1984. Condo fees vary for each building because of the number of units per building and the age of the building.